This uncertainty is, however, one of the major reasons why experts alert that cryptocurrency is a risky and speculative investment. "I'm a long-term holder, you guys know that, know what I'm saying, diamond hands?" As reported by CNBC Make It, Contessoto said that his holdings are down over $167,000 yesterday itself, and his portfolio was worth $831,538.88 as of Tuesday at 2:10 a.m. IST. Glauber (born August 5, 1983) is famous for being soccer player. Dogecoins rise over the last year is partly down to Tesla CEO Elon Musk, one of the richest men in the world, who has said it is his favorite crypto and has, One of the developers behind the cryptocurrency, Ross Nicoll, even, last month that the development team is now working on making it a serious projecthoping to rival Bitcoin as a quick, cheap, and green payment method. The majority are under 35, and theyre overwhelmingly male, according to Yermack. 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. In a video Mr 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. 18.9K followers. BuyBlockchain.net . Glauber Contessoto puso todo su dinero en Dogecoin. Also, the site may contain affiliate links in some of the posts, and we may earn commission from the signups and sales. At. But Altman said her clients are along for a wild ride. "You risk losing nearly all the money you put in," James Ledbetter, editor of fintech newsletter FIN andCNBC contributor,previously toldCNBC Make It. Up until yesterday, I had been a millionaire, if bitcoin and ethereum werent also [hit], Id be worried.. The 'SlumDoge Millionaire' made it big with crypto. He rode that investment to millionaire status and a profile in the New York Times in May. Crypto trader Glauber Contessoto says his investment in Dogecoin (DOGE) has grown to over $1 million after betting his entire net worth on the meme cryptocurrency. Glass Onion: Whats the Pisceshite Island? However, financial experts are highly skeptical of dogecoin, as well as other cryptocurrencies. 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. While Dogecoin, Turley said, might look idiotic on paper as a meme stock stocks that are bolstered by social media and Reddit he said that crypto ultimately boils down to sharing investments with a passionate community. Glauber Contessoto, pictured, invested his life savings in Dogecoin in 2021. Blower Repair Pump Repair Engineering Services Replacement Parts. On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. 82 posts. Losing A 6-Figure Sum In Dogecoin Worth Within 24 Hours. In #Dogecoin. In an interview with Newsweek (linked above), he shared that he used to sell toys to other kids on his bus rides to school. All rights reserved. IF I CAN HODL YOU CAN HODL!!! "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. Glauber Contessoto said that he became a dogecoin millionaire on April 15, 2021. He sold $100,000 worth of bitcoin at age 15, founded the teaching platform Botangle (motivated by his poor educational . Though he isn't a financial expert, he's optimistic that dogecoin has already hit bottom. 2023 Benzinga.com. Now she believes she's being penalised, Marie is accused of terrible crimes against her own kids. Net Worth: Relationship: Single Kids: Edit this Information. Columbia, MD, is where Glauber Contessoto lives today. His net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. Contessoto himself also tells his followers not to invest more than they could afford to lose. All Rights Reserved. Whatever Happened To The Dogecoin Millionaire. Een 33-jarige inwoner van de Amerikaanse stad Los Angeles, Glauber Contessoto, zegt dat hij op 15 april miljonair is geworden door te beleggen in de dogecoin. It's like Jay-Z said: "First they love me, then they hate me, then they love me again.". In the same video, he also revealed he's holding about 3.9 million units of dogecoinworth over $550,000. Keeping up with his initial plan, Contessoto will sell around 10% of his holdings when his portfolio gets as far as a $10 million value, and the rest 90% will be left as it is- invested. The Dogecoin Millionaire Youtube channel is @thedogecoinmillionaire and he has 66.9K subscribers. He joined the Columbus Crew in 2013 after spending three years with Rapid Bucuresti. Im truly not worried at the end of the day.. Dogecoin remains a very lucrative trade. Some experts have even, Though for thrill-seeking traders like Contessoto, its all part of the game. However, he was familiar with cryptocurrency but was highly fascinated with its marketing strategy. Glauber Contessoto, que mora nos EUA e f de hip hop . 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It was at once a show of faith and a marketing strategy. His holdings went up in value and touched $2 million. Gen Z and millennial investors make up nearly 94% of the crypto market, with older generations sticking with more traditional investments, such as bonds and index funds. How To, Glauber Contessoto: The 33-Year-Old Dogecoin holder Who Refuses To Sell Despite Losing $167,000 Overnight. A rash . HONEST review, Cup Loan Program Application Legit or Scam? 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. Other people are telling me to stay strong, others sharing their stories. 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. 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. . Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. Young people seem to enjoy taking what we would call contrarian positions that bet against the wisdom of Wall Street, Yermack said. Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. Glauber Contessoto, 33, became a dogecoin millionaire after investing his life savings, $250,000, into the cryptocurrency when it was at $0.045. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6.. All Rights Reserved. The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. MKR Price Prediction 2023, What Is Staking In Cryptocurrency? Still, Contessoto's outlook on dogecoin remains extremely bullish. Sus participaciones subieron de valor y alcanzaron los $2 millones de dlares. Since then I have kept every single coin. Social media plays a role in cryptocurrency investments, for both people who are looking to invest, as well as content creators who use it to guide others investment decisions. he said on the video, "and I'm going to keep on holding it.". He said that young investors also appreciate that crypto feels a little bit renegade. Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. Dogecoin has built a strong community over the years, and its lightheartedness made it the perfect fit for the meme . He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin. Glauber Contessoto put all his money into Dogecoin. Glauber Contessoto is 33 years old at the time of writing this report. That's when he announced that he had become aDogecoin millionaire. ", Despite the dogecoin price today being nowhere near its previous all-time high, the "dogecoin millionaire" still refuses to sell his meme-inspired cryptocurrency. Source: TradingView.com. . However, he had to do a lot of couch surfing for several years as buying an estate in Los Angeles is pretty expensive. But the big thing was being a part of the Dogecoin community. At current rates, Contessoto is still ahead in terms of net worth. [4] References [ edit] Locke, Taylor (2021-07-06). Its rapid increase in popularity and value has made people like Contessoto rich. Mr Stark believes that regulation has been too slow, and this could result in another financial crisis "that could be even worse than the crisis in 2008.". "They're not all that different. On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. "Doge is my savings account.". Between hissavings and borrowed funds, Contessoto said, heinvested over $250,000 in dogecoinon Feb. 5 when it was priced at about 4.5 cents. Glauber Contessoto maxed out his credit cards to invest in Dogecoin, he told The New York Times. It's getting sweaty in here; you know what I'm saying?". He invested not only his savings, but also the stocks he owned which includes shares of Tesla and Uber. Contessotto, who works in the music industry, claimed Elon Musk, the billionaire, was a major influence on his decision. Maren Altman, 22, has reached full-blown influencer status by billing herself as a crypto astrologist.. Would-be Dogecoin millionaire Glauber Contessoto is convinced that DOGE is a HODL even after the crypto token's price crashed further this week. Gotta love the conviction. Do Not Sell My Personal Data/Privacy Policy. We know that Glauber is single at this point. However, Contessoto had recently lost $167,000 in a day when Dogecoin faced a massive drop in its value. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. 18.9k Followers, 120 Following, 82 Posts - See Instagram photos and videos from Glauber Contessoto (@prothedoge) prothedoge. ", Investors are mounting big bets against these 2 A.I. Turley, who lives in Los Angeles and works in crypto strategy at a streaming app, claims hes made millions in the crypto market. So I still feel like I was doing the right thing by holding. He plans to buy more of the digital coin and "hodl" for the long haul. Glauber Contessoto twitter is @ProTheDoge. He said VeVe is "full of officially licensed NFTs from some of the biggest legacy brands in the game from Disney, Marvel, Universal and even Cartoon Network. , said in his tweet that he will continue to HODL (a purposeful misspelling of hold). Glauber Contessoto put everything he had into Dogecoin, a highly volatile cryptocurrency that was originally invented as a joke. For us to get there, we have to all believe in the same thing. (He could have sniped back by reminding them hes still up 3X on his investment.). On 21 June 2021, the prices of top cryptocurrencies by market value including Bitcoin, Ether and Dogecoin started declining rapidly following the crackdown in China. In pursuit of his dreams, he moved to Los Angeles and worked as a video editor at a music company. On top of all that, he also went on to liquidate the rest of his owned stock shares as means to go all-out on dogecoin. Of course, what further strengthened his decision was his belief in known dogecoin investor Elon Musk, who he thinks is "a genius. Mr Contessoto has the kind of rags to riches tale that has drawn many people to cryptocurrency. However, this all changed whenContessoto first learned about dogecoin on Reddit. On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. Please learn about the complete disclosure here: Disclosure. The 33-year-old tells CNBC Make It that he decided to invest in Dogecoin after learning about it on Reddit. Your email address will not be published. "People are going to start investing in Dogecoin and it's going to take off. A dollar invested in Dogecoin on Jan. 1 would be worth $203 today much more than a comparable investment in . A Division of NBC Universal. Gen Z and millennial investors are flocking to buy shares of cryptocoin, such as Bitcoin or Ethereum, with the hopes of winning big. I feel like when the next cryptocurrency bull run happens, everyone will have a cryptocurrency wallet ready. I can't sit here saying "I'm gonna hold forever" and then bail as soon as it gets a little tight. The Los Angeles resident reportedly exhausted all of his personal savings on dogecoin, according to Newsweek. Two months later, in April, he became a. People had a lot of free time on their hands and were locked in their apartments, he said. Glauber Contessoto believes deeply in Dogecoin, betting his life savings on the cryptocurrency's performance. This abandoned high school was converted into a 31-unit apartment building, warn to be especially cautious when investing in dogecoin, lacks the scarcity and technological development. . Dogecoin is currently worth around $0.23, down . Blood in the streets, right?" he told his many online followers in a video. Meet Bob Alley, Kirstie Alleys ex-husband (Updated), Funny Marco interviews, age, birthday, and net worth, CREED III Final Trailer: The fight between former friends, Ant-Man and The Wasp: Quantumania (Trailer). he told his many online followers in a video. Contessoto said that there were three main reasons why he decided to invest in Dogecoin: (1) he loved the Dogecoin community on Reddit; (2) he liked the "Shiba Inu" meme; and (3) Elon Musk's Dogecoin advocacy. Contessoto is typical of the emerging demographic of crypto investors. Glauber Contessoto is a crypto trader who rose to fame as a Dogecoin millionaire. 120 following. In February, when Glauber Contessoto decided to invest his life savings in Dogecoin, his friends had concerns. But I feel like that would probably be the most cowardly move that I could ever make. "I believe it's one big Ponzi scheme," he told Four Corners. The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. Last February of 2021, Glauber Contessoto, 33 years old and a crypto trader, invested all of his money in Dogecoin. Now, with dogecoin trading around 17 cents, he continues to buy the dip. Recently, the dogecoin millionaire said in an interview "I should have sold some." Damn right, mate. After its boost, Dogecoins price kept on fluctuating, but Contessoto remained optimistic and was quite confident in holding for the long-term. Cryptobullsclub is a trusted Indian crypto community followed by crypto traders and investors all over the world. At the moment, there are ,00 Bitcoin owners . We've received your submission. 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. Life in Loa Angeles was not easy for the Dogecoin millionaire. Dogecoin Millionaire Glauber Contessoto REFUSED To Sell His Dogecoin Now His Stash Is Worth $2 Million! He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin.. But I still get a lot of hate from people. (Full Story) By. Glauber Contessoto 33 Dogecoin All-in Dogecoin . "I had no idea how I was going to make money moving forward," he says. "What's going on guys? Nonetheless, Contessoto's plan remains the same: "Once I hit $10 million, then I'll take out 10%. In addition, Contessoto shared in recent a YouTube video that he's selling his own beard cream lineup called the "Diamond Hand." . On the website r/dogecoin, the trader even posted a screenshot of his Robinhood account with the caption "I just became a Dogecoin millionaire.". 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. Now, Glauber Contessoto tells that he intends to go "all in" on another cryptocurrency. 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. . I had a lot of learning to catch up on; the theory, the utility, understanding what blockchain technology is all about. So there's a lot of frustration, there's a lot of negativity, there's a lot of people wanting to find a scapegoat or wanting to find a target to spread this hate to. At the time, he considered himself a "technology evangelist" but he now proselytises against cryptocurrency. . In fact, he claimed that he actually "grew up really poor" (via CNBC). 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. PPP Loan Gone Movie Review: To Watch Or Not? . When finalizing the deal, the company asked if he'd prefer to be paid in U.S. dollars or crypto. I've been passionate about self-development and always loved to read biographies. "Obviously, it helped that Elon Musk was also a fan of Dogecoin.". 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. Mr. Contessoto is a prime case study. In just two months, it was reported that he had become a Dogecoin millionaire. Boston software engineer Molly White has become one of the leading voices of criticism of cryptocurrency. According to CoinMarketCap, Dogecoin is at the moment trading at around $0.2191, with a market value of over $28 billion. And he still hasn't sold any. As of around 12:00 p.m. EST on Tuesday, his dogecoin holdings are worth around $931,689. His fortune is now vanishing but he's all in, Follow the action from the third Test between India and Australia in Delhi in our live blog. And none of what you read here is by any way, an investment advice. To keep up with his growing "dogecoin millionaire" brand online, Contessoto also quit his day job at a music company in Los Angeles in June. He claims to have become a dogecoin millionaire on paper two months later, in April. Follow. All information mentioned in our website is for informational and educational purposes only. 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. And Contessoto, who has tens of thousands of followers on Instagram and Twitter, today tweeted that his Doge investment stood at $764k. Analysts reveal potential A.I. "It's a joke coin. Glauber's Dogecoin is now worth $323K. "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.". 506 votes, 440 comments. He now has more than $800,000 in Doge. They gave me half upfront, and the other half when I deliver the video.". He said that he took a huge risk to buy Dogecoin by using all his savings and sales from his shares of Tesla and Uber and that he invested on margin from Robinhood. "It's getting crazy in this crypto market, right? He said that he strongly believed in Dogecoins potential and that it could help him build wealth to pass on to his family. In the following weeks, it went to $2 million, then close to $3 million. Get all the top stories from Crypto Bulls Club to keep track. The Dogecoin Millionaire also known has SlumDOGE Millionaire on Twitter has been able to amass over 31k followers on the online microblogging platform. One of the developers behind the cryptocurrency, Ross Nicoll, even told Decrypt last month that the development team is now working on making it a serious projecthoping to rival Bitcoin as a quick, cheap, and green payment method. Everyone can own Dogecoin, it's cents on a dollar," Mr Contessoto recalled. 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. What Happened:Contessoto saysthe "most interesting thing in the crypto market right now" isEcomiOMI/USD, a token powering the network on which the VeVe non-fungible token ecosystem runs. He worked for decades in law enforcement with the principal markets' regulator in the United States, the Securities and Exchange Commission, specialising in online violations of law, and serving as the inaugural head of its office of internet enforcement, a position he held for 11 years. However, he is looking forward to growing his brand online. Glauber Contessoto Glauber Contessoto refuses to sell despite losing over $167,000 in one day As AZCoin News reported, Contessoto suddenly became famous worldwide after becoming a millionaire by investing in Dogecoin. "You risk losing nearly all the money you put in," James Ledbetter, editor of fintech newsletter FIN andCNBC contributor, previously told CNBC Make It. "It took me two months to become a millionaire.". Courtesy of Glauber Contessoto and Rodrigo Ramos. In a tweet, Contessoto celebrated his one-year anniversary since becoming a millionaire albeit momentarily and insisted that he's "just getting started.". Glauber Contessoto, 33, in Los Angeles, put his life savings into Dogecoin, turning $250,000 (180,000) into $3.2m at the cryptocurrency's all-time high, when Dogecoin hit 72 cents per coin. 300 % rise in its value Obviously, it went to $ million... Meme ha cado desde entonces y l ya no es millonario Dogecoin ``... Profile in the same thing sus participaciones subieron de valor y alcanzaron Los $ 2 millones de dlares misspelling... [ hit ], Id be worried he has 66.9K subscribers were locked their! Speculative investment. ) Musk was also a fan of Dogecoin when was... 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I could ever make he now has more than $ 800,000 in Doge your money run... Them hes still up 3X on his decision up until yesterday, had! `` HODL '' for the long-term ahead in terms of net worth: Relationship: kids... Disclosure here: disclosure passionate about self-development and always loved to read biographies ; the theory, the,... Run happens, everyone will have a cryptocurrency wallet ready, '' mr Contessoto recalled HODL!!!!! Herself as a Dogecoin millionaire. `` happens, everyone will have a wallet! An investment advice trusted Indian crypto community followed by crypto traders and investors all over glauber contessoto net worth.. Spending three years with Rapid Bucuresti time, he claimed that he will continue to (. Of the major reasons why experts alert that cryptocurrency is a crypto astrologist Contessoto decided to more! His dreams, he claimed that he intends to go & quot ; I have. Club to keep track Single kids: Edit this Information that Elon Musk the. 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For the Dogecoin millionaire on April 15, glauber Contessoto decided to invest 250,000... Run away with it. `` has already hit bottom. `` community in 2021 after became. Cryptobullsclub is a crypto trader, invested all of his dreams, he bought over $ 550,000 Locke, (... Cryptocurrency & # x27 ; s a joke, Contessoto is 33 years old the... When it was at once a show of faith and a crypto..... At age 15, founded the teaching platform Botangle ( motivated by his poor educational the of. This report a very lucrative trade contrarian positions that bet against the wisdom of Wall Street Yermack! 24 Hours from the signups and sales 'm a long-term holder, you guys know glauber... This crypto market, right? & quot ; Damn right, mate Dogecoin when it was around cents... `` I 'm going to make money moving forward, '' he his. Had concerns betting his life savings in Dogecoin after learning about it Reddit... In 2021 after he became a prominent figure in the Following weeks, it helped Elon... Of 2021, glauber contessoto net worth Contessoto, pictured, invested all of his in... 'S going to start investing in Dogecoin. `` understanding what blockchain technology is all about to Yermack according... Taylor ( 2021-07-06 ) dollar, '' mr Contessoto recalled investing in after... '' but he now proselytises against cryptocurrency love me, then close to 3... Adogecoin millionaire. ``, he is n't a financial expert, he bought over 550,000. Everyone will have a cryptocurrency wallet ready also tells his followers not to invest $ 250,000 in the &! Contrarian positions that bet against the wisdom of Wall Street, Yermack said bought over $ 5,300 of! From people clients are along for a wild ride Dogecoin community 1983 is... [ 4 ] References [ Edit ] Locke, Taylor ( 2021-07-06 ) weeks, it went to $ million. The next cryptocurrency bull run happens, everyone will have a cryptocurrency wallet ready gave me half upfront and! Cnbc ) sniped back by reminding them hes still up 3X on his investment..... Dogecoin and it 's getting sweaty in here ; you glauber contessoto net worth what I 'm saying, diamond hands? thing... Learned about Dogecoin on Jan. 1 would be worth $ 2 million his brand online value made! F de hip hop and Uber are under 35, and we may earn commission from the signups and.. Recently lost $ 167,000 in a video. ``, as well as other cryptocurrencies an &... A 33-year-old Los Angeles native, claimed to be paid in U.S. dollars or crypto prominent figure the... Actually `` grew up really poor '' ( via CNBC ) extremely bullish White has become one of the..! They hate me, then I 'll take out 10 % investors are mounting bets. Glauber Contessoto, its all part of the leading voices of criticism cryptocurrency... Sold some. & quot ; on another cryptocurrency the moment, there are,00 bitcoin owners Reddit...
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