Jim Cramer weighs in on FTX fallout: This is your chance to get out of crypto

[tango29]

Cramer doesn't look like he is doing well, and quite a few times on air he seems a little belligerent and goes off on a ramble.
The little I have read about FTX it is sounding like a money scheme. Money from FTX was going to fund his Alameda stuff and was a bit leveraged up. If crypto didn't keep going up up up there would be a problem, and now there is a problem.

 

[VEGASDESERT]

Cramer has made a nice living off his carnival barker style market commentary that
offers no value but might be good background noise.

 

[newwurldmn]

Cramer has made a nice living off his carnival barker style market commentary that
offers no value but might be good background noise.

a great living. He’s made more doing that show than anyone on here will make in their lifetime.

it tells you something about Wall Street. It’s a giant marketing machine; either you are selling something or being sold to.

 

[NoVoodooHere]

How to profit from a collapse in crypto asset prices w/ limited risk. Regardless of opinion on direction, I am asking for suggestions, of how to profit IF there is a collapse.

I would not short any of the "currencies", nor would I buy them, looking at limited risk strategies.

Put options on crypto related stocks? Which stocks are most vulnerable? Could COIN collapse?

 

[R1234]

How to profit from a collapse in crypto asset prices w/ limited risk. Regardless of opinion on direction, I am asking for suggestions, of how to profit IF there is a collapse.

I would not short any of the "currencies", nor would I buy them, looking at limited risk strategies.

Put options on crypto related stocks? Which stocks are most vulnerable? Could COIN collapse?

for short exposure I use BITI and BITIX

 

[The_Krakenite]

 

[gwb-trading]

It' the Onion --- but it is hard to tell it from real headlines.

Man Who Lost Everything In Crypto Just Wishes Several Thousand More People Had Warned Him
https://www.theonion.com/man-who-lost-everything-in-crypto-just-wishes-several-t-1848764551

Saying he had been absolutely blindsided by the sudden change in his fortunes, local 33-year-old Tyler Branton, a man who lost everything in cryptocurrencies, told reporters Thursday that he just wished several thousand more people had warned him. “If only a thousand—or even a few hundred—more friends had told me about the risks of putting my entire savings into Dickcoin, I might not be where I am today,” said Branton, decrying how no one had alerted him to the inherent instability of digital currencies except for dozens of coworkers, family members, podcast hosts, and respected economists. “Over the past few days, I’ve started to worry that all of this stuff—Web3, non-fungible tokens, even the blockchain—is just a Ponzi scheme to cheat people like me out of our money, and no one even thought to explain this to me outside of the hundreds of people I deliberately ignored. It’s really a shame that I learned all of this too late.” At press time, the relieved man had reportedly thanked social media users who spoke up to encourage him to shake off the bankruptcy and go into debt buying as many Golden Banana tokens as possible.