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CNBC \u201cMad Money\u201d host Jim Cramer doesn\u2019t appear to believe in the memestock and meme crypto way of investing.<\/p>\n
What Happened: <\/strong>Cramer told his 1.7 million Twitter followers Friday that he is watching as \u201cshort-timers self-destruct\u201d after investing their life savings in GameStop Corp <\/strong>(NYSE:GME<\/a>) calls, AMC Entertainment Holdings Inc <\/strong>(NYSE:AMC<\/a>) calls and Dogecoin <\/strong>(CRYPTO: DOGE).<\/p>\n that’s what i was thinking of doing\u2026 But this is too much fun. I will get tough when i have to. I am just watching these short-timers self-destruct as they realize that their (meager) life savings are in GME calls and AMC calls and Dogecoin. Veritable Fort Knox portfolios. https:\/\/t.co\/NkFqItlL4N<\/a><\/p>\n \u2014 Jim Cramer (@jimcramer) September 24, 2021<\/a><\/p>\n<\/blockquote>\n \u00a0<\/p>\n<\/blockquote>\n His followers were less than pleased with his take on the matter, replying to his post with anecdotes of their own personal success stories with GME, AMC\u00a0and DOGE.<\/p>\n \u201cAMC is recession proof at this point. It\u2019s one of the safest places to have your money right now,\u201d said one user on Twitter<\/a>.<\/p>\n Year-to-date, AMC is up 1,889%, and 343% in the last six months alone.\u00a0<\/p>\n \u201cDon’t bring Dogecoin into this please name one investment that you have or had that has beat my return of 1 million doge I bought for 2.9K? [sic]\u201d commented another user<\/a>.<\/p>\n The meme-based cryptocurrency is up 1,057% year-to-date. Those who cashed out of DOGE at its all-time high of 73 cents\u00a0earlier this year\u00a0would have gained over 3,700% on their investment at the start of 2021.<\/p>\n\n
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