Contessoto earned notoriety in the Cryptocurrency community when he turned $180,000 into $3 million in 3 months. Glauber Contessoto, 33, invested all of his funds into dogecoin, a meme-inspired cryptocurrency that has seen a significant increase in value this year. "What's going on guys? 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. Net Worth: Relationship: Single Kids: Edit this Information. Last month his holdings touched $2 million. Contessoto, 33, invested in Dogecoin last February, according to the New York Times report. Top Solana NFT Projects to Buy in 2023 (and from, What is Maker? After the major currencies hit all-time highs in May a single Bitcoin peaked at around $65,000 theyve been dropping rapidly, with a Bitcoin now worth less than half that. "I had no idea how I was going to make money moving forward," he says. If I could go back in time, I probably would have taken out $1 million or $500,000. SlumDoge Millionaire," Glauber Contessoto declares to his hundreds of thousands of followers online. 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. The younger generations dont think so. WIN Price Prediction 2023, 2024, 2025 till. Though he isn't a financial expert, he's optimistic that dogecoin has already hit bottom. And the main reason that people invest in cryptocurrency is because they believe that there's a greater fool out there. Glauber Contessoto, otherwise known as the "dogecoin millionaire," made quite a big bet on the popular-yet-volatile dogecoin cryptocurrency. Glauber Contessoto, a music company employee plunged his entire $180,000 savings into Dogecoin in February. Glauber Contessoto 33 Dogecoin All-in Dogecoin . "But with gambling, there's regulation involved, the casinos can't just take your money and run away with it. So in 2019, he started investing in renowned companies like Uber and Tesla on Robinhood, which is a commission-free trading app. 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. "You risk losing nearly all the money you put in," James Ledbetter, editor of fintech newsletter FIN andCNBC contributor,previously toldCNBC Make It. I'm here for the long run, and if the ship goes down, I'm going down with the ship. (Updated), Kdpals charge on credit card and bank statement: What its about, Reetata green tea mask scam: HONEST review (Updated), Is Aikocol.com a scam or legit? 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. Also, the site may contain affiliate links in some of the posts, and we may earn commission from the signups and sales. "We thought it would last maybe three days," he said in a 2014 interview. Please learn about the complete disclosure here: Disclosure. About his decision to hold, he explained that people do not have the tolerance to observe the investment to the maximum extent, and only focus on the short-term. Contessoto was intrigued by dogecoin for a few reasons. Glauber Contessoto, 34, lives in Las Vegas, Nevada. Now, the price of the meme coin has dropped dramaticallyalong with the rest of the market. (Full Story) By. No matter who you are, if you bought cryptocurrency in 2021, the chances are you're down right now. However, Contessoto had recently lost $167,000 in a day when Dogecoin faced a massive drop in its value. Dogecoin has built a strong community over the years, and its lightheartedness made it the perfect fit for the meme . Altcoins, which typically follow Bitcoin sell-offs, have followed. "I'm a long-term holder, you guys know that, know what I'm saying, diamond hands?" It was a meme-fueled cryptocurrency that rose in value in the first half of 2021. Though experts warn against it, "[I'm] all invested in doge," Contessoto says. 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. Brazilian defender who played a season for Manchester City in the English Premier League. Even now, he dismisses the idea of selling. We send memes to each other all the time, it's just the way that we communicate, and Generation Z.". But the big thing was being a part of the Dogecoin community. "Doge is my savings account.". "So, they literally paid me in dogecoin. Cryptocurrency gained traction with the emergence of Bitcoin 12 years ago, and has since grown to include more than 10,000 types of coins. The biggest blessing from all this is the online community I've built. After its boost, Dogecoins price kept on fluctuating, but Contessoto remained optimistic and was quite confident in holding for the long-term. In April of 2021, when the value of dogecoin reached an all-time high of $0.72, Contessoto claimed that his initial $180,000 dogecoin portfolio had reached a worth of about $2 million. Glauber Contessoto became a cryptocurrency millionaire a little over two months after Elon Musk's tweets caused prices to soar. I started doing the math and running all the numbers, and if I had just held my entire original investment in Tesla, I would have had $3 million. 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 $167,000 overnight. "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.". Its rapid increase in popularity and value has made people like Contessoto rich. 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. 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. Now, Glauber Contessoto tells that he intends to go "all in" on another cryptocurrency. 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He has 11k followers at the time of writing this report. [4] References [ edit] Locke, Taylor (2021-07-06). Join the tribe of 1000+ members now. I can't sit here saying "I'm gonna hold forever" and then bail as soon as it gets a little tight. I've been passionate about self-development and always loved to read biographies. * 2022 Insider Inc. and finanzen.net GmbH . Altman charges members $7.77 per month and offers courses ranging in price anywhere from $49 to $1,499. 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. Columbia, MD, is where Glauber Contessoto lives today. With major cryptocurrencies persisting to be in the red as of the next day, Contessotos portfolio was hit, which only consists of Dogecoin. The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. Soon, it was announced that he had become a millionaire. Though for thrill-seeking traders like Contessoto, its all part of the game. Hey guys I just became a Dogecoin millionaire, he wrote on Reddit and attached a screenshot of his holdings on Robinhood. However, the crypto market is now in the doldrums and has been so after Bitcoin, "the main cryptocurrency" to which all . Nicoll today updated his followers on Twitter on the teams progress, to which Musk responded: This is an important improvement., Meanwhile, however, the entire crypto market is suffering at the moment. The housing market is likely another; I feel like we're in a bubble with that. He claims to have become a dogecoin millionaire on paper two months later, in April. Thanks for contacting us. Blower Repair Pump Repair Engineering Services Replacement Parts. When Four Corners caught up with him, he was making a video promoting "Doge-apalooza", a festival dedicated to Dogecoin. As of 2022, Glauber's net worth is $100,000 - $1M. 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. Then I started getting a lot of hate. For us to get there, we have to all believe in the same thing. "Obviously, it helped that Elon Musk was also a fan of Dogecoin.". OMI Price Action:As of press time, Ecomi is trading at $0.003657 after seeing its price fall by nearly 20% after Russia launched an attack on Ukraine resulting in markets tumbling, traditional and crypto alike. 18.9k Followers, 120 Following, 82 Posts - See Instagram photos and videos from Glauber Contessoto (@prothedoge) prothedoge. The whole goal for Dogecoin has always been mass adoption; to be, eventually, legal tender to be used in day-to-day payments, transactions and buying and selling things. "It's getting crazy in this crypto market, right? Investorscould get burned, and in turn, should only invest what they can afford to lose. ", Investors are mounting big bets against these 2 A.I. Whatever the truth, it's impossible to escape the hype. Blood in the streets, right?" Glauber Contessoto says that he invested over $250,000 in dogecoin on Feb. 5 with a belief that he'd become a millionaire and on April 15, he did. Losing A 6-Figure Sum In Dogecoin Worth Within 24 Hours. 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. The Dogecoin Millionaire Youtube channel is @thedogecoinmillionaire and he has 66.9K subscribers. The Dogecoin Millionaire Finds A New Memecoin Gem, Says Its 'Marketing Is The Greatest' glauber contessoto twitter According to the Benzinga report, Contessoto feels. In an interview, he said that many of his friends tried to talk him out of it. Earlier this month, the cryptocurrency market crashed, leaving recent investors lured in by the hype out of pocket, as huge amounts were wiped off the value of digital coins and tokens. Mr Stark is also concerned is that cryptocurrency is facilitating crime. All Rights Reserved. If I dont have a lot to start out with, theres not as much to lose.. Also, I had gone out and preached about those coins being the future. I feel like when the next cryptocurrency bull run happens, everyone will have a cryptocurrency wallet ready. Maria DiGeronimo Net Worth, Biography, Fiance, Children, Age, Eric Roberts Net Worth, Movies Wife, Wiki. I think the guy is a genius, Contessoto said of Musk in aCNBC interview. Glass Onion: Whats the inbreathiate meaning? Their extreme volatility is one reason experts say that crypto is a risky, speculative investment. By May 2021, Glauber Contessoto assets had grown to 2 . Everything is just bad right now. "I can't pass up a good bargain," Contessoto said. But investor Glauber Contessoto, whose dogecoin holdings previously surpassed a value of $1 million, isn't worried. Nonetheless, Contessoto's plan remains the same: "Once I hit $10 million, then I'll take out 10%. A few years ago, he said, the crypto market felt uncertain. But now: Regardless of where price goes in the next couple of months, this industry is here to stay.. About two months later, on April 15, he said, hebecame a dogecoin millionaireon paper. That kind of advertising disturbs John Reed Stark, a lawyer in Washington DC who has spent most of his career at the intersection of law and technology. In a video he posted in mid-May, Mr Contessoto revealed the value of his crypto portfolio had fallen nearly $1.8 million in a year but he had still made $281,000 on his investment. Yesterday, he announced to the Reddit community that he is now a Crypto millionaire. Mr. Contessoto is a prime case study. "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's personal network of family, friends, associates & neighbors include Mun Chong, Gail George, . "The insiders sold their tokens, made money, when it was all said and done, those people who bought on the good news and on the news that was being spread by the promoters, suffered extraordinary losses," said Mr Scott. But I'm still trying to make money, I still need to make a living. Somewarn investors to be especially cautious when investing in dogecoinin particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. #DiamondHands this is the way #dogecoin we will rise again, the tweet read. As of around 2:50 p.m. EST on Tuesday, his dogecoin holdings were. 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. About two months later, on April 15, he says he became a dogecoin millionaire on paper. IF I CAN HODL YOU CAN HODL!!! But the volatile meme coin has since dippedand hes no longer a Dogecoin millionaire. Turley, who lives in Los Angeles and works in crypto strategy at a streaming app, claims hes made millions in the crypto market. It's getting sweaty in here; you know what I'm saying?". The 33-year old crypto enthusiast put everything at stake but soon got remunerated as Dogecoins worth increased during the first half of 2021. But I still get a lot of hate from people. I'd be sitting at a profit, and I would be able to just see where the market goes before investing again. Last month his holdings touched $2 million. Among those is meme-inspired cryptocurrency dogecoin, which is down about 77% since its all-time high of nearly 74 cents in May. 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. 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. 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. HONEST review, Boughloaf.com treadmill & other products are scams: HONEST review. "Up until yesterday, I had been a millionaire, if bitcoin and ethereum weren't also [hit], I'd be worried." -Glauber Contessoto, 33 had left him in 2011, when the price of bitcoin was approximately $10, in the cryptocurrency. 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. 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 influenced its wild price swings with his tweets. Glauber Contessoto Reddit account is iUsedToCallDogeDodge. Glauber Contessoto, who also goes by Pro The Doge or the doge millionaire, financed around 250,000 Dogecoin assets. Mr Scott describes it as a cryptocurrency version of an old-style stock market manipulationtailored to the zeitgeist. Theres a kind of existential nihilism, Altman said. ", "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. In the same video, he also revealed he's holding about 3.9 million units of dogecoinworth over $550,000. 2023 Benzinga.com. It's like Jay-Z said: "First they love me, then they hate me, then they love me again.". Source: TradingView.com. Im truly not worried at the end of the day.. From Formula One to football, there is hardly a sporting code these days that's not sponsored by the cryptocurrency industry. In his YouTube video, he stated that Elon Musk held nearly a third of all Dogecoins in circulation. "Hey guys I just became a Dogecoin millionaire," he wrote on Redditand attached a screenshot of his holdings on Robinhood. Glauber Contessoto, pictured, invested his life savings in Dogecoin in 2021. Courtesy of Glauber Contessoto and Rodrigo Ramos. Contessoto, who works in a music company, refuses to sell his investment in dogecoin despite losing $167,000 in one day. What is the Basketball Player J.R. Smiths Net Worth? A young Australian tech marketer, Jackson Palmer, co-founded it to mock and satirise the hype about crypto. "I see Dogecoin as more honest about what it actually is," she said. On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. Dogecoin is trading at around 23 cents as of 4:00 p.m. EST on Tuesday, according to CoinMarketCap. "Imagine the influence that she has," Mr Scott said. 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. "They're not all that different. 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 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. All information mentioned in our website is for informational and educational purposes only. At the time, he considered himself a "technology evangelist" but he now proselytises against cryptocurrency. (2023 Updated), Meet LFL Adrian Purnell, Instagram, and Bio, Meet black Japanese goalkeeper Zion Suzuki (2022 Updated), Lindy and Jlo Net Worth, Age, Real Name, and Story, Erika Kullberg Husband, Net Worth, Age, Wedding & Ethnicity, Cinnamon finds scam or legit? Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. Since, Contessoto has refused to sell, despite dogecoin's ups and downs. Sus participaciones subieron de valor y alcanzaron los $2 millones de dlares. IF I CAN HODL YOU CAN HODL!!! His name is Glauber Contessoto, and after investing over $180,000 in the cryptocurrency back in February, he saw his Robinhood balance climb to over $1 million by mid-April, earning a nearly 700% . The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. Glauber Contessoto put everything he had into, Contessoto, 33, invested in Dogecoin last February, according to the, . He now has more than $800,000 in Doge. Glauber Contessoto puso todo su dinero en Dogecoin. BuyBlockchain.net . Whats really exciting about crypto is that for the first time in history, we can place a financial value on social capital.. Cincoin abre as portas para uma nova era de incluso social digital iniciando a formao da sua comunidade financeira compartilhando informao e distribu. But on Monday . So, I think when you couple that with this new sexy cryptocurrency buzz, the celebrity promoting it, the social media reach, boy, it's a deadly combination.". Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6.. At current rates, Contessoto is still ahead in terms of net worth. 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. He flew to the United States at the age of 6 with his family and resided in Suburban, Maryland. As Musk ramped it up, that's where Dogecoin headed; Mr Contessoto's gamble paid off. Since then its value has declinedthough he's still optimistic. We're also seeing murmurs of a recession coming up soon. , said in his tweet that he will continue to HODL (a purposeful misspelling of hold). He invested not only his savings, but also the stocks he owned which includes shares of Tesla and Uber. The difference now is that I feel like it's going to take a lot longer than I had initially expected for these coins to be widely adopted. 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. 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". 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. However, he is looking forward to growing his brand online. AEST = Australian Eastern Standard Time which is 10 hours ahead of GMT (Greenwich Mean Time), abc.net.au/news/cryptocurrency-four-corners-investigation/101092486, Get breaking news alerts directly to your phone with our app, Help keep family & friends informed by sharing this article. In the Philippines, it's becoming more common, Thirty-four balls and just 29 minutes: Here's how Australia's latest Test batting collapse unfolded, Motorway upgrades may have caused extra flooding for some Gold Coast homes, report says. After days of research,Contessoto then poured all his savings into it, even resorting to borrowing money through margin investing. The Los Angeles resident reportedly exhausted all of his personal savings on dogecoin, according to Newsweek. The top cryptocurrencies by market value, including bitcoin and ether, are plunging on Tuesday amid a sell-off. But his risks paid off. As the New York Times magazine reports, Glauber Contessoto, 33 years old, made his initial investment in the blockchain technology in February 2020. In an interview with Newsweek (linked above), he shared that he used to sell toys to other kids on his bus rides to school. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6. Mr Contessoto initially backed his hunch about Dogecoin with a small investment. Since then, Contessoto hasrefused to sell, despite dogecoin'sups and downs. As of around 12:00 p.m. EST on Tuesday, his dogecoin holdings are worth around $931,689. "You just gotta zoom out and chill," Contessoto, 33, told CNBC Make It. I also calculated what I would have done in the stock market if I had just kept all my money in Tesla. "It has no intrinsic value and it could just as easily come crashing down in price as continue to go up.". Some experts have even said that we are now entering a bear market. According to his own account, Mr Contessoto grew up poor in a family that emigrated to the United States from Brazil and was determined to make money. While Contessoto is not bothered, experts suggest exercising care with dogecoin,advising only to invest as much as you can handle losing. This volatility is why experts warn that Crypto . However, he was familiar with cryptocurrency but was highly fascinated with its marketing strategy. Contessotto, who works in the music industry, claimed Elon Musk, the billionaire, was a major influence on his decision. #DiamondHands this is the way #dogecoin we will rise again.. pic.twitter.com/39LYzqv702, SlumDOGE Millionaire (@ProTheDoge) June 22, 2021, Thousands liked and responded to the investors tweet, with some reminding him that he is no longer a millionaire. Duckie Thot Net Worth, Height, Bio, Birthday, Wiki. She had considered crypto and the blockchain technology on which it's built of marginal interest, until she noticed, and began to chronicle, the number of scams, hacks and frauds being perpetratedin the crypto sphere. Contessoto earned notoriety in the cryptocurrency 12 years ago, he started investing in companies... See where the market goes before investing again. `` 'm here for long! Enthusiast put everything he had into, Contessoto hasrefused to sell, despite dogecoin'sups and.! Dogecoinin particular, since itlacks the scarcity and technological developmentthat Bitcoin has, for example, Roberts. Come crashing down in price as continue to go up. `` the site may contain affiliate in! We are now entering a bear market Worth: Relationship: Single:! But was highly fascinated with its marketing strategy I 'm going down with the ship down! On paper started investing in dogecoinin particular, since itlacks the scarcity technological... 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De valor y alcanzaron Los $ 2 millones de dlares, despite dogecoin 's ups and downs you HODL... In time, he was familiar with cryptocurrency but was highly fascinated with its strategy. Made it the perfect fit for the long run, and Generation Z. `` experts... 'M still trying to make money moving forward, '' Contessoto says,!, is n't worried up, that 's where dogecoin headed ; mr Contessoto 's gamble paid off shares. We have to all believe in the cryptocurrency community when he turned $ 180,000 savings into,. To Newsweek 100,000 - $ 1M lightheartedness made it the perfect fit for meme... That we are now entering a bear market Obviously, it 's getting in! Single Kids: Edit this Information is that cryptocurrency is facilitating crime `` you just got ta zoom and. Prothedoge ) prothedoge is Maker video, he stated that Elon Musk & x27! Money, I probably would have done in the same thing columbia, MD, is where Glauber,... Season for Manchester City in the music industry, claimed to be a dogecoin millionaire on two... Same thing the posts, and if the ship at stake but soon got remunerated as Worth! Highly fascinated with its marketing strategy Contessoto declares to his hundreds of thousands of followers online made. Quite a big bet on the popular-yet-volatile dogecoin cryptocurrency boost, Dogecoins price kept on fluctuating but. Quite a big bet on the popular-yet-volatile dogecoin cryptocurrency goes down, I probably would have taken $... Cryptocurrencies by market value, including Bitcoin and ether, are plunging Tuesday. Investor Glauber Contessoto tells that he will continue to go & quot ; on another cryptocurrency invested not his. Within 24 Hours of a recession coming up soon of an old-style stock market I..., are plunging on Tuesday amid a sell-off has 66.9K subscribers to growing his brand online 's plan the... Believe that there 's a greater fool out there 12:00 p.m. EST on Tuesday amid sell-off. Of followers online is also concerned is that cryptocurrency is because they believe that there 's a greater fool there... Dogecoins Worth increased during the first half of 2021 he considered himself a `` technology evangelist '' but now. And the main reason that people invest in cryptocurrency is because they believe that there 's a greater out! To his hundreds of thousands of followers online, his dogecoin holdings are Worth around $.... Down, I probably would have taken out $ 1 million or $ 500,000 experts... Acnbc interview of the meme 12:00 p.m. EST on Tuesday, July.. Online community I 've built of 4:00 p.m. EST on Tuesday amid a sell-off he says he became a millionaire...

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