Though for thrill-seeking traders like Contessoto, its all part of the game. They gave me half upfront, and the other half when I deliver the video.". Contessoto, 33, invested in Dogecoin last February, according to the New York Times report. "[Musk] tweeted back-to-back like on a rant where he's saying, "Dogecoin is the future, Dogecoin is the people's crypto. He used to make roughly earning of about $36,000 while simultaneously booking gigs for upcoming rappers. He said that he stuck to his plans despite warnings from friends and that hed decided to take out 10% of his holdings once he hit $10 million. . Although he remained well ahead on his investment, he was no longer a Dogecoin millionaire. She accurately predicted Januarys market correction, but then wrongly foresaw a bull market in May. Glauber Contessoto Tweet. Required fields are marked *. "Doge is my savings account.". Between his savings and borrowed funds, Contessoto says that heinvested over $250,000 in dogecoinon February 5 when it was priced at about 4.5 cents. "Until I reach my goal, I'll continue to buy, hold and 'diamond hand' it. After hitting a record high on May 8 of around 73 cents, the digital coin fell to around 47 cents on May 9, and Contessoto invested another $17,500, he previously said. With major cryptocurrencies persisting to be in the red as of the next day, Contessotos portfolio was hit, which only consists of Dogecoin. This makes it more volatile than the stock market, which experts say is part of the appeal for up-and-coming investors who dont have to worry about, say, saving for retirement any time soon. "I'm a long-term holder, you guys know that, know what I'm saying, diamond hands?" At the Superbowl, the championship playoff of America's National Football League, hyper-expensive television advertising slots were taken up by rival cryptocurrency exchanges using celebrities to encourage people to dive in. Contessoto 202140.72Contessoto18200 ""dogecoin millionaireContessoto16 Contessoto Contessoto"" In a YouTube video, he explained why he bought the joke money, and two months later, he announced his new millionaire status on the Dogecoin subreddit. Everything is just bad right now. In April of 2021, when the value of dogecoin reached an all-time high of $0.72,. I started SuccessTitan to allow everyone to easily learn from the ultra-successful and achieve more in every area of their life. Doge rally was nearing its peak earlier this year when Contessoto had posted to the Dogecoin subreddit, which earned him the title of Dogecoin millionaire. In an interview, he said that many of his friends tried to talk him out of it. The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. ", "I had a game plan in mind going into this purchase, and I wouldn't feel right always telling people to 'buy and hold' and as soon as I hit $3 million, cash out and leaving everyone else hanging," he said. He believes in his dog god and no one can tell him otherwise. The market overall tends to be high risk, high reward: for instance, 33-year-old Dogecoin investor Glauber Contessoto became a crypto millionaire earlier this year, only to recently lose. While the overall worth of his dogecoin investment certainly took a beating during the crypto crash that followed months later, Contessoto claimed that, even if dogecoin continued to drop, he didn't regret holding onto his meme-inspired cryptocurrency, believing its value will only grow in the long term. Whatever happens in the short-term doesnt matter to me because Im looking to hodl dogecoin for years to come. A pril 16, 2021 Glauber Contessoto posted a screenshot of his digital wallet on Twitter. If I dont have a lot to start out with, theres not as much to lose.. But crypto investor Cooper Turley, 26, said its only a matter of time before alternative currencies are completely mainstream. Glauber Contessoto an American who reached worldwide fame after becoming a millionaire thanks to aDogecoinDOGE/USD bet has exclusively shared his next big bet with Benzinga. Glauber Contessoto who became famous as "the Dogecoin DOGE/USD millionaire" after his net worth skyrocketed following an investment in the memecoin shared his next speculative asset and. Your email address will not be published. "People who invest in cryptocurrencies areenormously motivated to speak highly of them," Ms White argues, "because as the more people who also invest in that cryptocurrency the more their investment goes up.". Our generation is so much more aware of things like TikTok and the For You page [TikToks explore page catered individually to users interests] and viral memes and viral content, but up until this point, there hasnt been a way to invest in that financially, Turley said. In February, 34 year-old Glauber Contessoto invested his life savings in Dogecoin. "It felt like people were being just taken for a ride," she said. Tank Davis Net Worth 2023: How Much Does Tank Davis Make? By May 2021, Glauber Contessoto assets had grown to 2 . According to CoinMarketCap, Dogecoin is at the moment trading at around $0.2191, with a market value of over $28 billion. I personally believe that next time we have an incredible market high, Bitcoin is going to hit $100,000 and Dogecoin will hit a dollar. Even in May, when the value of his holdings surpassed $2 million, he still didn't budge. Hes convinced that the next corporate juggernauts the future Apples and Googles of the world are going to be crypto-based, with younger leaders spearheading new ways to reach potential consumers. He now has more than $800,000 in Doge. Now, the price of the meme coin has dropped dramaticallyalong with the rest of the market. An unexpected windfall will cheer you up no end between now and the weekend but watch out for those who want to help you spend it or you could end up with precious little left for yourself. In February 2021, I put $188,000my life savingsinto Dogecoin. Your email address will not be published. . What is Maker? "With cryptocurrency, there's really no reason that people need to tell you the risk involved or the odds that you make money and oftentimes people will just totally make off with your cryptocurrency and there's nothing you can do about it. Meet Glauber Contessoto, a man who invested $250,000 in Dogecoin on 5 February 2021 with a belief that he would become a millionaire and on 15 April, he did. About|Contact Us|Terms & Conditions| Privacy Policy. In his YouTube video, he stated that Elon Musk held nearly a third of all Dogecoins in circulation. When I went into this dogecoin investment, I planned on being in it for at least a year, I put in my life savings because I knew I would eventually become a millionaire, said Glauber. Education + Add. Glauber Contessoto, 34, lives in Las Vegas, Nevada. From Formula One to football, there is hardly a sporting code these days that's not sponsored by the cryptocurrency industry. Mr. Contessoto is a prime case study. Glauber Contessoto 33 Dogecoin All-in Dogecoin . "I can't pass up a good bargain," Contessoto said. Glauber Contessoto is 33 years old at the time of writing this report. He invested not only his savings, but also the stocks he owned which includes shares of Tesla and Uber. He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin.. 120 following. "It's really brought to the forefront that something that has no intrinsic value, that's not tied to any real-life asset or service, that is just plainly a joke, has become on par with some of the more serious cryptocurrencies like Bitcoin or Ethereum. I felt like I would have done more harm than good if I was to just sell out my position and abandon the community and just say "peace out guys" and leave everybody holding the bags. Last February of 2021, Glauber Contessoto, 33 years old and a crypto trader, invested all of his money in Dogecoin. Glauber Contessoto became a crypto millionaire by buying Dogecoin. As of around 2:50 p.m. EST on Tuesday, his dogecoin holdings were worth $700,217.09. That's when he announced that he had become aDogecoin millionaire. How Glauber Contessoto Became Known as the Dogecoin Millionaire. I feel like honesty is the best policy, and I show my portfolio at the end of every single one of my videos, so people know exactly where I'm at. "What's going on guys? Since, Contessoto has refused to sell, despite dogecoin's ups and downs. We at cryptobullsclub.com use cookies to personalise ads and to analyse our traffic. At its highest point, the value of the joke crypto hit $US89 billion (124.7 billion) an astonishing figure, given that Dogecoin has little real-world function beyond speculation. Glauber Contessoto put all his money into Dogecoin. 18.9K followers. . Columbia, MD, is where Glauber Contessoto lives today. An 85-year Harvard study found the No. Glauber Contessoto claims he became a millionaire by investing in DOGE Despite Dogecoin losing value, Contessoto urges to 'HODL' Dogecoin price in India stood at Rs. Glauber Contessoto an American who reached worldwide fame after becoming a millionaire thanks to a Dogecoin DOGE/USD +3.50% + Free Alerts bet has exclusively shared his next big bet with. Glauber Contessoto, a Dogecoin investor famous for investing his $250,000 life savings in the meme-inspired cryptocurrency in early February to become a millionaire, is doubling down on his bet In the meme-inspired cryptocurrency by investing an additional $25,000 in it. Follow. ", Despite the dogecoin price today being nowhere near its previous all-time high, the "dogecoin millionaire" still refuses to sell his meme-inspired cryptocurrency. Glauber contessoto net worth glauber contessoto age Here's what happened: Vitalik Buterin, the live keno las vegas programmer who founded the cryptocurrency Ethereum, disclosed on Wednesday that he 6 Ripple XRP - Out of all the coins on this list, the story of Ethereum is my favorite investment on how to become rich with crypto.. Charles Hoskinson. Yesterday, he announced to the Reddit community that he is now a Crypto millionaire. After days of research,Contessoto then poured all his savings into it, even resorting to borrowing money through margin investing. According to the lawsuit, as it did so, insiders dumped their holdings and cashed out, leaving buyers who bought on the back of the celebrity endorsements holding a near worthless investment. The more he held on, the bigger the internet . His net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. I had a lot of learning to catch up on; the theory, the utility, understanding what blockchain technology is all about. Contessotto, who works in the music industry, claimed Elon Musk, the billionaire, was a major influence on his decision. The irony of all this is that Dogecoin was meant to be a joke. He dabbled in the music business, dabbled in the stock market, and then, last year, turned to cryptocurrency specifically Dogecoin, a digital currency based on an image of a Shibu Inu, a Japanese hunting dog, a popular internet meme. Glauber Contessoto, que mora nos EUA e f de hip hop, investiu US$ 250 mil na moeda digital em fevereiro. "Hey guys I just became a Dogecoin millionaire," he wrote on Redditand attached a screenshot of his holdings on Robinhood. The law firm has launched a multi-million-dollar class action against a schemethat used major celebrities including reality TV star Kim Kardashian and former world champion boxer Floyd Mayweather to promote a crypto token. He said that young investors also appreciate that crypto feels a little bit renegade. Glauber Contessoto, who is also known as 'Dogecoin millionaire', became famous after sharing his Dogecoin portfolio on Reddit. But fast forward to today and the cryptocurrency is the seventh-most valuable out there, with a market cap of over $25 billion. "Woo-wee, a bloodbath, right? A Division of NBC Universal. . I've been passionate about self-development and always loved to read biographies. Kardashian's post brought in new investors and pumped up the volume of trading. Though experts warn against it, "[I'm] all invested in doge," Contessoto says. The newly appointed Dogecoin millionaire, AKA' Slum Doge Millionaire,' stumped up his initial investment by selling everything he owned of value. Better still, don't spend it at all - save it instead. I didn't sell any. Nicoll today updated his followers on Twitter on the teams progress, to which Musk responded: This is an important improvement.. Dogecoin remains a very lucrative trade. Now she believes she's being penalised, Marie is accused of terrible crimes against her own kids. Contessoto didn't exactly start out as the dogecoin millionaire he's known as today. Between hissavings and borrowed funds, Contessoto said, heinvested over $250,000 in dogecoinon Feb. 5 when it was priced at about 4.5 cents. Gen Z and millennial investors are flocking to buy shares of cryptocoin, such as Bitcoin or Ethereum, with the hopes of winning big. "But with gambling, there's regulation involved, the casinos can't just take your money and run away with it. Glauber Contessoto Instagram (IG) is @prothedoge. Hey guys I just became a Dogecoin millionaire, he wrote on Reddit and attached a screenshot of his holdings on Robinhood. The New York City resident and NYU grad has 1 million followers on TikTok where she claims to use the planets to predict major crypto market changes. , said in his tweet that he will continue to HODL (a purposeful misspelling of hold). Still, Contessoto, just like many big bulls, remains extremely optimistic about Dogecoin, although he isnt presently a millionaire by Dogecoin on paper. On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. Last month his holdings touched $2 million. In a tweet in April, he claimed to be the "first Dogecoin millionaire of 2021." However, the crypto market is now in the doldrums and has been so after Bitcoin, "the main cryptocurrency" to which all . He has booked his investments in Dogecoin holdings till 2023 and wishes to make at least ten million dollars by the time he turns 35. "So, they literally paid me in dogecoin. . He makes $60,000 a year at his job now a decent living, but nowhere near enough to afford a home in Los Angeles, where the median home costs nearly $1. He worked twice his strength to have a place of his own. . Contessoto never doubted DOgecoin, and as a result, his funding in . . Yet now, his holdings are down over $167,000 and the portfolio was worth $831,538.88. When I'm not creating content, I'm most often playing chess. As a child, he saw his parents struggling to make ends meet. His portfolio was worth about $831k as of Tuesday 4.40pm EST. But I still get a lot of hate from people. According to the Benzinga report, Contessoto feels Dogecoin will "be every newcomers' bridge" into cryptocurrency in the years to come. Larry David, co-creator of the sitcom Seinfeld and star of Curb Your Enthusiasm, portrayed a hapless doubter while the ad warned "Don't be like Larry". Some experts have even, Though for thrill-seeking traders like Contessoto, its all part of the game. He also showed them that he was doubling down, recording himself as he forked out another $US10,000 on Dogecoin. This service may include material from Agence France-Presse (AFP), APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and cannot be reproduced. I'd be sitting at a profit, and I would be able to just see where the market goes before investing again. As of around 12:00 p.m. EST on Tuesday, his dogecoin holdings are worth around $931,689. In fact, his destiny changed the previous night and it might have taken a day or two for him to. Meet Glauber Contessoto, . People are just on the side lines asking: "When do we jump in?". The volatility attracts people who like gambling, excitement and so forth, said David Yermack, a professor of finance and business transformation at New York University. he said on the video, "and I'm going to keep on holding it.". However, Contessoto had recently lost $167,000 in a day when Dogecoin faced a massive drop in its value. Amid the rout, Mr Contessoto was counting the cost. "I see Dogecoin as more honest about what it actually is," she said. The Dogecoin Millionaire also known has SlumDOGE Millionaire on Twitter has been able to amass over 31k followers on the online microblogging platform. admin - May 27, 2021 . And he still hasn't sold any. A rash . had left him in 2011, when the price of bitcoin was approximately $10, in the cryptocurrency. This worked in his favor, and at one point in time, his investments were worth more than three million dollars (Yes! However, he had to do a lot of couch surfing for several years as buying an estate in Los Angeles is pretty expensive. Cryptobullsclub is a trusted Indian crypto community followed by crypto traders and investors all over the world. But investor Glauber Contessoto, whose dogecoin holdings previously surpassed a value of $1 million, isn't worried. In a videoMr Contessoto posted in mid-May, he revealed the value of his crypto portfolio had fallen by $US1.8 million in a year but he had still made $US281,000 on his investment. In fact, even as Bitcoins hype remains to grow and people keep investing, many personalities think its a bubble, and not something to invest in. One of them is just more plainly based in the shared belief that a silly dog token will go up in value.". Now, with dogecoin trading around 17 cents, he continues to buy the dip. All Rights Reserved. At current rates, Contessoto is still ahead in terms of net worth. stocks, Salesforce results give CEO Benioff breathing room', Fast Money trader Steve Grasso said, Is ChatGPT the tip of the iceberg? Read the latest news, events, reviews, videos, technical analysis and guides around crypto. On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. Sign up now: Get smarter about your money and career with our weekly newsletter, Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6. In this investment journey, his friends even criticized him, "Dude, it's a pump-and-dump [scheme]," one of his friends said in a text message. But I feel like that would probably be the most cowardly move that I could ever make. Glauber Contessoto says that on April 15 at 6:00 p.m. PDT, he became a dogecoin millionaire. Source: TradingView.com. In the end, the dogecoin millionaire aims to take only 10% off his portfolio once it reaches his targeted $10 million goal, leaving the rest to continue growing. IF I CAN HODL YOU CAN HODL!!! . As the hype subsided, and interest began to wane, EthereumMax turned to Kim Kardashian, paying her an undisclosed sum to post a gushing endorsement of EthereumMax on Instagram, where she has hundreds of millions of followers. The developers behind the coin wanted to make a silly cryptocurrency with no real valueand even based its image on a popular internet. "It's something at the SEC we used to call the Greater Fool Theory that you believe there's a greater fool out there who will pay more, whatever the cryptocurrency might be.". Glauber Contessoto twitter is @ProTheDoge. Know this before dealing, No Aiden People are reacting to a viral TikTok video featuring a toddler, This is awful, Its In My Legs Guys Try Period Pain Simulator, We Loving Kandi And Tiny If I Get Caught Cover. Among those is meme-inspired cryptocurrency dogecoin, which is down about 77% since its all-time high of nearly 74 cents in May. I put my whole life savings into the meme coin because I believed in it Glauber added. After covering all of his bills, including rent, food and other expenses, Contessoto plans to continue to invest as much as he can in dogecoin. In a tweet, Contessoto celebrated his one-year anniversary since becoming a millionaire albeit momentarily and insisted that he's "just getting started.". Glauber's personal network of family, friends, associates & neighbors include Mun Chong, Gail George, . Cryptocurrency which is a type of digital file that can be used as money, based on blockchain technology is not controlled by any centralized entity or government, and is nearly impossible to trace. Meanwhile, however, the entire crypto market is suffering at the moment. After it's surge, Dogecoin continued to fluctuate, but Contessoto remained confident in holding for the long term he even bought more Dogecoin during the dips. MKR Price Prediction 2023, 2024, 2025 to, How to find DeFI Coins Before they Pump (with TokenTerminal), How to use ConsenSys zkEVM Testnet (and Possible Airdrop), Vela Exchange (DXP) Airdrop Guide: How to get DXP tokens, Liquid Staking Derivatives On Ethereum: Top LSD Protocols 2023, 5 Amazing Tips To Invest In Cryptocurrency And Never Regret, Matrix AI Network (MAN) Price Prediction 2023, 2024, 2025 to, Mask Network Price Prediction 2023 to 2030: Can Mask reach, What is WinkLink? While Contessoto is not bothered, experts suggest exercising care with dogecoin,advising only to invest as much as you can handle losing. But I'm still trying to make money, I still need to make a living. But what if I tell you that Mr. Glauber Contessoto did just that without taking into account the risks associated with the investment. In the same video, he also revealed he's holding about 3.9 million units of dogecoinworth over $550,000. If I could go back in time, I probably would have taken out $1 million or $500,000. Please DYOR before investing. CNBC had featured the DOGE millionaire a couple of times after the meme-themed digital asset set a new peak price of $0.74 in early May this year, and his Dogecoin became valued at more than $2m.

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