Many people thought that once bitcoin futures began trading on the CBOE that it would allow Wall Street to smash the price of bitcoin lower.
Or, as Jim Cramer said, “kibosh” bitcoin.
<embedOf course, if you listen to anything Jim Cramer has to say, well chances are you’ve lost a lot of money.
As you can see, he said that bitcoin was going to get “kiboshed” when it was below $15,000.
And, bitcoin has soared since.
It surpassed $18,000 at 7:00am and 7 hours laters it flew past $19,000!
It looks more like Jim Cramer is getting kiboshed than bitcoin is.
But, then again, it was only six months ago that Cramer said bitcoin was going to $1 million because people needed bitcoin to pay blackmail.
He’s clearly insane.
As far as market capitalizations go, bitcoin now has a higher cap than Bank of America, Wells Fargo, Walmart, and Visa.
Perhaps the most satisfying milestone for bitcoin will be when its market cap surpasses that of JP Morgan’s at $368 Billion. As of today, bitcoin sits at a $323 Billion market cap which now puts it within spitting distance of JP Morgan at just $45 million dollars shy.
It probably irks Jamie Demon that he wasn’t able to pick up more bitcoin while it was cheaper.
In our last issue of the TDV newsletter, this past weekend, Senior Analyst Ed Bugos put to rest a lot of the myths that bitcoin futures trading on Wall Street meant the globalists could crash bitcoin.
In fact, with a massive new pool of capital having access to bitcoin exposure it is more likely that it will send bitcoin rising higher… which is what we have seen so far.
Sure, at some point, bitcoin will crash again. But a major crash likely isn’t going to happen until everything else, including the stock market, crashes as well.
That’s because everything is in a bubble now, caused by more than eight years of central bank money printing. And, when it does pop, as it last did on the Shemitah end day in 2008, it’ll take most things down dramatically with it… including possibly bitcoin.
Stanley Druckenmiller agreed with us this week when he said that until the "everything bubble" bursts, bitcoin will be safe.
In the meantime, Jim Cramer has done what all mainstream analysts do and hedged his bets. If bitcoin goes to $1 million he can say he was right. And, if bitcoin crashes along with everything else in the next central bank created crash he can say he told us it was going to get “kiboshed”.
And, if you keep watching CNBC you’ll eventually lose all your money.
Stick with us here at The Dollar Vigilante where we have held steadfast to our buy recommendation on bitcoin since it was $3 in 2011… which is now over a 600,000% gain for TDV subscribers (you can subscribe HERE).
And join us this February for Anarchapulco, Cryptopulco and the TDV Summit which will be the epicenter of the cryptocurrency space for that entire week.
Lmfao
Hey dollarvigilante,
Thanks for sharing
Why would the injection of billions of more dollars from the stock market and from most investors as a long term buy instead of short (meaning 1 year +1 day for lower tax rates) buy and then sell the shit out of their investment lol makes no sense idk why some people don't think things through.
I was a licensed Series 7 Stock Broker for 26 years. I never understood why people would Trade the Shit out of the Market just to pay more Taxes.............HODL
Literally yesterday you wrote that Bitcoin's future has never been more uncertain. Now it's perfectly safe until your personal conspiracy theories come true?
https://steemit.com/bitcoin/@dollarvigilante/as-bitcoin-breaks-all-time-highs-near-usd18-000-its-future-has-never-been-so-uncertain
Future is definitely uncertain. Funds flowing into bitcoin from millions of noobs who don't even know there are major problems with bitcoin means BTC likely to rise.
Jeff...what do you recommend then to protect us from the comming crisis? U've been a firm defender of btc to do so during the lasts years...and now you say it is likely to crash too... What then? Bch? Gold? Silver? Greetings from Spain amigo!
Looks to me I'm on the right road to riches ;)
you think so? i already got some steem, eos and bitshares... why do you think they will grow that much?
But bitconnect is a ponzi scheme...
is it?
Well from my understanding they promise a return that is unsustainable unless they keep getting more investors to pay the current investors. Which is a ponzi scheme.
Будущее определенно неопределенно. Фонды, текущие в биткойн из миллионов нубов, которые даже не знают, что есть серьезные проблемы с биткойном, означает, что BTC может подняться.
$25 000 by 31st December. Jim's clearly nutts
This is typical Cramer. He takes both sides of an issue - after a decent amount of time has passed, like he's hoping nobody remembers what he said earlier - so regardless of how things turn out, he can say he was right. There will be wild swings with bitcoin, but it's not going anywhere and the long term trend is up. HODL!
The best thing to do is then do your own research not just listen to these financial gurus... then after gathering about the right size information summon the gut feeling within yourself on what investments are right for you at the moment. Blame no one, just keep on moving forward would be a good strategy.
Agreed, at the end of the day, we are the ones who have to live with the decisions that we make.
OH my God, BTC is really giving me some headache,, what is the goal of BTC now, maybe $50k.
if I even say $100k before the end of the year I may guess it right.
all BTC holders are lucky, congratulations for you.
😎
@dollarvigilante BTC will hit 100k! I'm a firm believer of that!
For my own benefit i hope it does too! :P but indeed the technology behind bitcoin core has a lot of issues recently... May be bch is the real btc and is the one reaching $100k at the end...who knows!
That'll come at the cost of the dollar's purchasing power big time, if you are talking shorter term here.
I was watching that video you put up yesterday about Lightning Network actually being banker operated "hubs". As a programmer, I've put forth a strong counterargument. The truth is often a lot more boring.
bitcoin will reach 50k in 3months !
Wall street can smash the price of Bitcoin lower with the futures, if they want to. I suppose they haven't yet because there isn't enough incentive, but if there is a good opportunity to go short (profitably), they'd do it.
Let's go BTC! Cya on the moon
https://i.imgur.com/FSimua0.mp4
Nice video and graph post. it will send bitcoin rising higher… which is what we have seen so far.Sure, at some point, bitcoin will crash again. But a major crash likely isn’t going to happen until everything else, including the stock market, crashes as well. that the point. Thanks for sharing such a good post
.
i think after bitcoin reaches its full potential..... people will start shifting to low cap alt coins and i think they will go fr currencies like dash zcash other than developer platform currencies making these currencies gud long term investments... better switch b4 dis happen......May be if that time is now thr r slight chances of losing little bit money
Am I the only one who perceives J Cramers body language as a guy who's constantly got his many chins folded down in an overall fidgety posture of someone who really needs to take a poop and is about to crap their pants?Probably because he's full of sh**. I'm always surprised to see him on national television much less giving financial advice when he has a zero accuracy rate. Here's some places I wouldn't be surprised to see J Cramer though:
An episode of COPS being arrested for having a dead hooker in the trunk of his car.
YouTube video showing him screaming at a school bus full of young kids.
A mug shot on the news having been arrested for possession of cocaine and driving under the influence.
The news again at a Clinton foundation fundraiser.
In short, the guy is clearly imbecilic and certainly has no place giving financial advice. What a bloody moron.
Watch these clueless morons talk guys, it is hillarious,.
THe reality is that no one knows. It really is all just a game. A pretty fun one. But better assume you can lose it all. But if you can, pretty fun Game to play so far!!
https://steemit.com/steemit/@bbuyloewen/daily-steemit-price-analysis-broke-4-hour-parabolic-sar-very-bullish
I'm one that learned the hard way... Whatever Jim Cramer says... Do the opposite.
This was a very informative post thanks for the information on bitcoins i think it will rise to astounding heights but still the crypto bubble can pop which scares me but at the same time it can go up in value just keep your eyes peeled on the markets. keep posting quality content