Bitcoin Sell Signal -- Jim Kramer Says Buy ---Time to Sell Move into other coins! Fake News Herding the Sheep into $2800 bitcoin after major price spike

3년 전

Investors betting against Kramer have made fortunes in crypto. This time, CNBC fake news host Jim Kramer is spouting out more sheep fleecing financial advice saying it is time to buy bitcoin.

https://www.fxstreet.com/analysis/jim-cramer-goes-batty-bitcoin-may-hit-1-000-000-act-now-before-its-too-late-201706090731

I have seen fewer contrary indicators better than fading Kramer. Sure bitcoin could go to the moon despite scaling issues and outdated software protocol. Even bitcoin clone litecoin is looking better these days than the dinosaur which blazed the trail for every crypto in existence today. Already Ethereum has passed 50% of bitcoin's seemingly unsurmountable lead in market capitalization. For me, the Kramer announcement is a signal of a major bitcoin crash coming. Rather than people cashing out into fiat, it is likely that the bitcoin holders escaping the carnage will just move their wealth into other coins as appears to be the case now with Ethereum market cap surging.

In other depressing news for the former cryptocurrency torch bearer, China has been cracking down this year claiming "market manipulation". Government interference is just getting started but Chinese officials are beginning to recognize the value of other currencies and the declining role of bitcoin.

https://www.crowdfundinsider.com/2017/06/101570-senior-chinese-official-says-bitcoin-ethereum-national-interest/

Other coins seem to be unnoticed by the rude awakening of Chinese capital control authoritarians. Nevertheless, bitcoin continues taking the heat while continuing to lose market capitalization to more technologically advanced tokens and block chain assets.

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    There are many more reasons than just cramer to ditch BTC.

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    I totally agree but the Kramer announcement is like being given the perfect timing for an intermediate top.

    I dont think this changes anything. Our media on Bitcoin from Alex Jones gets more views than Cramer. So who really cares, a few extra manistream viewers isnt much. Most people dont watch that crap anymore

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    If they watched it then it would be time to buy. CNBC is the bankers' marketing department out to maximize profits for goldman sachs and the rest of the banking cartel that owns the federal reserve corporation. Kramer is leading a pump and dump spin.

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    I don't agree. But hey, I've been in bitcoin since 2013. Just another normal person noticing the inevitable. Its at 3k, he has to say something. Perhaps you should check what pump and dump means, cant really do it with bitcoin. Although whales will try and et out higher, I see us at 5k by September October pretty easily. So... Im sticking with my long term opinion, had it with me since 2013, wont let a little mainstream spit rub that mark off haha!

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    I know what pump and dump means. Their crew could have bought around $2500 and are looking to push it up to sell. It can be done with any asset that has a fixed quantity. Bitcoin will keep going up because of the limited supply but I suspect it will underperform other cryptos in the years ahead. By the time bitcoin reaches $1mil everyone will be millionaires and the dollar will be toast.

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    Guess we will have to wait and see. BTC is already the reserve currency for the entire block chain eco system . I suspect its value will always out pace the other even though their market caps may rise, they dont offer the real storage of value like BTC does, ETH is contracts STRAT is a blockchain writing program ect..... Who knows, but ive had my money on BTC for around 5 years now, happy trading!

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    As a long term investment I see no problem with BTC. I am suggesting that it could be at a short term top with Kramer's boys selling now. There is no doubt that BTC will remain a viable crypto as long as the market exists. However, bitcoin rose the most when it was the main coin and everything else was an "altcoin". The technology has changed significantly and eventually bitcoins value will only be derived from it's very limited supply. It will likely continue increasing steadily in the years ahead but I think there are better choices today and even more in the future. As for reserve currency, Ethereum in just a short time period is beginning to challenge that notion. Eventually, there will be decentralized exchanges and mulitcurrency credit cards so the concept of reserve currency will become obsolete as any currency can be held and instantaneously exchanged for fiat or another crypto.

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    Right, I also dont think bitcoin will be a currency in the future, I believe it will be money and we will use something else as a currency due to the price about transfers and miners, just like how wire transfers are more expensive that a payment through paypal or your credit card, just an entirely new system of how those communities communicate globally together. Bitcoin shouldn't be used a currency as we move forward, just as a money and a store of value.

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    I think bitcoin will be a digital asset like a rare painting or gold bar. As the velocity of money regarding bitcoin slows due to transferability of competing currencies I think it will lose the premium it now enjoys and trade based on supply and demand fundamentals only meaning that it will plateau and hold value relative to inflation only. The only thing keeping bitcoin alive now is that it is universally excepted and other coins are priced in bitcoin. That could quickly change within a few years.

    Good points in this blog. Nice to see I'm not the only one who thinks like this. Sell the coins that you know nothing about. Do proper research on any coin you buy. If the market falls at least you can hold your coins knowing they have a long term future. Do you know this interesting site? https://www.coincheckup.com This site is really helpful in my coin research. I don't know any other sites with so much indepth analysis. Check for example: https://www.coincheckup.com/coins/Bitcoin#analysis For a complete Bitcoin Detailed report.