{"id":12426,"date":"2021-09-23T02:54:03","date_gmt":"2021-09-23T02:54:03","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/mad-money-jim-cramer-begs-crypto-investors-to-take-profits-says-i-dont-want-you-to-lose-money\/"},"modified":"2021-09-23T02:54:03","modified_gmt":"2021-09-23T02:54:03","slug":"mad-money-jim-cramer-begs-crypto-investors-to-take-profits-says-i-dont-want-you-to-lose-money","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/mad-money-jim-cramer-begs-crypto-investors-to-take-profits-says-i-dont-want-you-to-lose-money\/","title":{"rendered":"Mad Money Jim Cramer \u2018Begs\u2019 Crypto Investors to Take Profits \u2014 Says \u2018I Don\u2019t Want You to Lose Money\u2019"},"content":{"rendered":"

The host of Mad Money, Jim Cramer, is begging crypto investors to take profits on any crypto gains in their portfolios. <\/strong>\u201cI\u2019m begging you to. Don\u2019t let it become a loss,\u201d he said, emphasizing, \u201cI don\u2019t want you to lose money.\u201d<\/strong><\/p>\n

Mad Money\u2019s Jim Cramer Advises Investors to Take Profits on Crypto Gains<\/h2>\n

The host of CNBC\u2019s Mad Money show, Jim Cramer, said Monday that cryptocurrency investors should take profits on their crypto holdings if they have any gains in their portfolios. A former hedge fund manager, Cramer co-founded Thestreet.com, a financial news and literacy website.<\/p>\n

He said:<\/p>\n

I know the crypto-lovers never want to hear me say sell, but if you\u2019ve got a big gain as I did, well, I\u2019m begging you to. Don\u2019t let it become a loss. Sell some, stay long the rest, then let\u2019s wait and see if China changes its attitude toward an Evergrande bailout.<\/p>\n

Cramer warned that the struggles of Evergrande, a major property developer in China, are likely to keep weighing on crypto markets. Evergrande also operates in other industries such as healthcare services and electric vehicles. The company has more than $300 billion in total liabilities and recently warned investors it may default on its debts.<\/p>\n

The Mad Money host explained that his crypto concerns right now start with tether (USDT<\/a>). \u201cThe problem with tether is that it\u2019s backed by various holdings and roughly half of those are commercial paper \u2014 short-term loans \u2014 and much of that is believed to be, but we don\u2019t know, Chinese commercial paper,\u201d he said.<\/p>\n

Cramer added: \u201cTether said they have no Evergrande exposure. But tons of Chinese businesses stand to get crushed by this fiasco, and they have Evergrande exposure, and that could spell real trouble if the dominoes fall here.\u201d He warned: \u201cIf tether collapsed, well, then it\u2019s going to gut the whole crypto ecosystem. So if you own crypto in any form and you\u2019ve got big gains, I recommend taking something off the table.\u201d<\/p>\n

Nonetheless, the Mad Money host emphasized that he still sees potential for cryptocurrencies to go \u201cmainstream.\u201d He opined:<\/p>\n

Right now, owning crypto is what\u2019s known as a \u2018crowded\u2019 trade and I don\u2019t want you to lose money if this space keeps getting hit by Evergrande\u2019s contagion worries.<\/p>\n

In August, Cramer recommended<\/a> that investors should put up to 5% of their portfolios in cryptocurrency. In June, he revealed<\/a> that he had sold his bitcoins and bought<\/a> ethereum, citing that \u201cit\u2019s more of a currency.\u201d<\/p>\n

What do you think about Jim Cramer\u2019s advice to take profits on crypto gains? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nMarkets and Prices, ethereum jim cramer, Jim Cramer, jim cramer advice, jim cramer bitcoin, jim cramer crypto, jim cramer ether, mad money<\/p>\n","protected":false},"excerpt":{"rendered":"

The host of Mad Money, Jim Cramer, is begging crypto investors to take profits on any crypto gains in their portfolios. \u201cI\u2019m begging you to. Don\u2019t let it become a loss,\u201d he said, emphasizing, \u201cI don\u2019t want you to lose money.\u201d Mad Money\u2019s Jim Cramer Advises Investors to Take Profits on Crypto Gains The host…<\/p>\n","protected":false},"author":0,"featured_media":12427,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-12426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/12426"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=12426"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/12426\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/12427"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=12426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=12426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=12426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}