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class="hfeed site" id="page"> Home Facebook-f Twitter Youtube Search Close The following posts are written by contributors and do not necessarily represent the views of ZitoBox. $4.5m Of These Rewards Have Already Been Paid $4.5m Already Paid Start With $10 Free - Coupon Code: TV PLAY NOW PLAY NOW PLAY NOW PLAY NOW The following posts are written by contributors and do not necessarily represent the views of ZitoBox. August 26, 2022 Betting Against CNBC’s Jim Cramer Helps Crypto Trader Book Profits CNBC Mad Money host Jim Cramer’s name has become almost synonymous with finance television. But that hasn’t stopped him from giving some regrettable investment advice over the course of years. Despite being a prominent personality in the finance world for decades, his deeply ill-fated predictions have attracted significant ire from the community. On a lighter note, another well-known trader is now inverse trading against him.
Crypto trader AIgod is the one behind the cheeky tweet where he has revealed flipping to a long position on his inverse Jim Cramer account after the latter reflected bearishness on Nasdaq. He went on to say that the CNBC host’s bearish take on Nasdaq is a “good indicator for crypto.”
Inverse Jim Cramer Algod is the trader who famously bet Terraform Labs CEO Do Kwon $1 million about LUNA’s fall just weeks before the collapse. The trader has now revealed the inverse Cramer account had “officially doubled” for the first time. Read also : Obi-Wan Kenobi Episode 3 Recap: Vader Returns With a Vengeance . In fact, it has hit a net value of $101,440.71, up from the initial amount of $51,470.56 on July 19.
Even though Cramer is a very prolific stock picker, his questionable calls in the past prompted many to counter-trade him. But what started as a running joke in the space resulted in an “Inverse Cramer” movement that first gained prominence on Reddit and Twitter.
The increased traction on various social media channels subsequently led to something called “Inverse Cramer ETF,” one of many iterations where investors are promised market-beating performance via a passive investment vehicle. The rationale behind it is quite simple: doing the opposite of what he recommends.
On the same subject : September Sports Betting Calendar: NFL and NCAAF Week 1, WNBA Finals and US Open Finals Online casino August 31, 2022 11:27 pm ET It’s the time of… Questionable Predictions and Beef With Crypto Jim Cramer predicted that Bitcoin and Ethereum’s sell-off to be over in January this year. playtech nz While this did not age well, he later said that the line is drawn at the $20,000 level. See the article : ‘Postcode lottery’ for struggling households as they wait for £150 council tax rebate . This prompted many crypto enthusiasts to then predict that Bitcoin’s price to follow more downtrend, which eventually did end up happening.
During an appearance on CNBC’s Squawk Box, the superstar host made a bizarre comment that crypto “has no value.” Not many were amused, and he was slammed by the community for his “inconsistent” predictions.
What’s interesting is that CryptoLaw founder John Deaton said that Cramer’s statements could be the most bullish sign for crypto in weeks. Sentiment slightly improved as well.
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