Courtesy of Glauber Contessoto and Rodrigo Ramos. Contessoto is typical of the emerging demographic of crypto investors. But on Monday . I've been passionate about self-development and always loved to read biographies. From Formula One to football, there is hardly a sporting code these days that's not sponsored by the cryptocurrency industry. 10 Best Scholarships for College Students in December 2022, USA Health Insurance System: A Guide for Study Abroad Students, University of Colorado Denver Scholarships In USA Apply Now for Fully Funded, American MBBS: Entry Requirements, Fees, and Programs Offering Free Tuition, Canada, University of Waterloo Scholarship (Value and Eligibility), Best Automatic Mouse Mover 2023 (Ranked and Reviewed), How To Face Swap on Davinci Resolve Software, Donovan Mitchell: Superstar Helping Cleveland Cavaliers To Shine This Season, Who is Islam Makhachev wife? Theyre not so interested in underlying economics, but [rather] the chance of a very rapid, high gain, or a very rapid, sharp loss.. Now, with dogecoin trading around 17 cents, he continues to buy the dip. 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. "Imagine the influence that she has," Mr Scott said. Your email address will not be published. stocks, Salesforce results give CEO Benioff breathing room', Fast Money trader Steve Grasso said, Is ChatGPT the tip of the iceberg? Glass Onion: Whats the Pisceshite Island? 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. "We thought it would last maybe three days," he said in a 2014 interview. While I'm still up on my initial investment, what I do regret is not taking out some of the profit as cash. If I could go back in time, I probably would have taken out $1 million or $500,000. "Fortune favours the brave," actor Matt Damon opined. "Doge is my savings account.". We at cryptobullsclub.com use cookies to personalise ads and to analyse our traffic. Join the tribe of 1000+ members now. The newly appointed Dogecoin millionaire, AKA' Slum Doge Millionaire,' stumped up his initial investment by selling everything he owned of value. In a tweet in April, he claimed to be the first Dogecoin millionaire of 2021.. The Los Angeles resident reportedly exhausted all of his personal savings on dogecoin, according to Newsweek. 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. ", Despite the dogecoin price today being nowhere near its previous all-time high, the "dogecoin millionaire" still refuses to sell his meme-inspired cryptocurrency. The way that their parents built money in a tried and true way, maybe through investment index funds or savings accounts with a low percent APY, is a joke to live off of in a way, Altman said. Losing A 6-Figure Sum In Dogecoin Worth Within 24 Hours. 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. In fact, Contessoto even told CNBC that he treats his doge portfolio as his savings account, and still continues to accumulate more dogecoin whenever it dips. 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. Contessoto never doubted DOgecoin, and as a result, his funding in . 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. Follow. Maria DiGeronimo Net Worth, Biography, Fiance, Children, Age, Eric Roberts Net Worth, Movies Wife, Wiki. Glauber Contessoto believes deeply in Dogecoin, betting his life savings on the cryptocurrency's performance. Four months earlier, when he bought in, Dogecoin was priced at around 4.5 cents. For Contessoto, the belief in putting his whole life's savings into a cryptocurrency that was born out of an internet meme was more than just diving in headfirst into a nascent trend, as he loved the community surrounding dogecoin, even appreciating the cryptocurrency's meme origins. This financial instability became his driving force to become wealthy and successful. Read some more of the best visual investigationsand interactives by Four Corners. Mr Contessoto initially backed his hunch about Dogecoin with a small investment. His net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. Since then, Contessoto hasrefused to sell, despite dogecoin'sups and downs. So in 2019, he started investing in renowned companies like Uber and Tesla on Robinhood, which is a commission-free trading app. PPP Loan Gone Movie Review: To Watch Or Not? "You just gotta zoom out and chill," Contessoto, 33, told CNBC Make It. When I'm not creating content, I'm most often playing chess. About two months later, on April 15, he said, hebecame a dogecoin millionaireon paper. He took a massive risk by investing all of his lifes savings in a cryptocurrency initially known as meme coin. He said that young investors also appreciate that crypto feels a little bit renegade. Everyone Practices Cancel Culture | Opinion, Deplatforming Free Speech is Dangerous | Opinion. She also offers a CryptoCharted newsletter for $20 per month. Mr Stark is also concerned is that cryptocurrency is facilitating crime. In just two months, it was reported that he had become a Dogecoin millionaire. In April 2021, Contessoto told CNBC's "Make It. Ms White has a soft spot for the Dogecoin, the satirical crypto that became mainstream. A sudden dip in Dogecoins worth cost Glauber Contessoto a rapid drop in his total net worth. 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. 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. Everyone can own Dogecoin, it's cents on a dollar," Mr Contessoto recalled. 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. "So, I figured, okay, this is going to be the next play," he said. Last February of 2021, Glauber Contessoto, 33 years old and a crypto trader, invested all of his money in Dogecoin. Your email address will not be published. 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. 18.9K followers. I didn't sell any. Do Not Sell My Personal Data/Privacy Policy. But crypto investor Cooper Turley, 26, said its only a matter of time before alternative currencies are completely mainstream. But I'm still trying to make money, I still need to make a living. I've already decided that whatever happens, happens. Instead, he earns a fair amount by selling merchandise on his website. (He could have sniped back by reminding them hes still up 3X on his investment.). The cryptocurrency, along with many others, has dived in value in recent weeks. My options were to sell out of my Dogecoin at $3 million and go on to live a happy life or, I had be out there hustling. 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As of 2022, Glauber's net worth is $100,000 - $1M. 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. "It took me two months to become a millionaire.". As a matter of fact, during the dips, he even bought more Dogecoins. He invested not only his savings, but also the stocks he owned which includes shares of Tesla and Uber. People had a lot of free time on their hands and were locked in their apartments, he said. he said on the video, "and I'm going to keep on holding it.". The price of Dogecoin has dropped to $0.264 at the time of publishing, but Contessoto . It was at once a show of faith and a marketing strategy. While casually browsing Reddit, a post about Dogecoin attracted his attention. 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. If I made $3 million on Tesla, nobody would care, but they do care about the dude who turned $188,000 into $3 million with a cryptocurrency featuring a dog meme. 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. 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. A young Australian tech marketer, Jackson Palmer, co-founded it to mock and satirise the hype about crypto. Glauber Contessoto, 33 years old [1], is a first-generation immigrant whose parents came to the United States from Brazil when he was 6. On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. Young people seem to enjoy taking what we would call contrarian positions that bet against the wisdom of Wall Street, Yermack said. Altcoins, which typically follow Bitcoin sell-offs, have followed. In one month, he has made $28,000 from social media ads and promotions, which was primarily paid out in dogecoin. In February, when Glauber Contessoto decided to invest his life savings in Dogecoin, his friends had concerns. Yermack believes the pandemic only accelerated this trend. Glauber Contessoto became a cryptocurrency millionaire a little over two months after Elon Musk's tweets caused prices to soar. Crypto is highly volatile. "It has no underlying intrinsic value. 18.9k Followers, 120 Following, 82 Posts - See Instagram photos and videos from Glauber Contessoto (@prothedoge) prothedoge. "Until I reach my goal, I'll continue to buy, hold and 'diamond hand' it. "It has no intrinsic value and it could just as easily come crashing down in price as continue to go up. However, this all changed whenContessoto first learned about dogecoin on Reddit. Glauber Contessoto says that on April 15 at 6:00 p.m. PDT, he became a dogecoin millionaire. In reality, crypto prices dropped. Glauber Contessoto while speaking to CNBC explained how the Reddit community and Elon Musk inspired his bold decision and how that has paid off. Glauber Contessoto puso todo su dinero en Dogecoin. Glauber Contessoto Reddit account is iUsedToCallDogeDodge. The value of his holdings climbed to $2 million. Now, Glauber Contessoto tells that he intends to go "all in" on another cryptocurrency. All information mentioned in our website is for informational and educational purposes only. As of around 12:00 p.m. EST on Tuesday, his dogecoin holdings are worth around $931,689. 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? Education + Add. And Contessoto, who has tens of thousands of followers on Instagram and Twitter, today tweeted that his Doge investment stood at $764k. Glauber Contessoto put all his money into Dogecoin. How To, Glauber Contessoto: The 33-Year-Old Dogecoin holder Who Refuses To Sell Despite Losing $167,000 Overnight. . Glauber Contessoto, pictured, invested his life savings in Dogecoin in 2021. 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. SlumDoge Millionaire," Glauber Contessoto declares to his hundreds of thousands of followers online. Get all the top stories from Crypto Bulls Club to keep track. Dogecoin remains a very lucrative trade. Up until yesterday, I had been a millionaire, if bitcoin and ethereum werent also [hit], Id be worried.. "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. A Division of NBC Universal. The irony of all this is that Dogecoin was meant to be a joke. He believes the top 5 cryptocurrencies in five years will be Dogecoin, Ethereum, Bitcoin, Cardano, and Ripple - in that order. 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. WIN Price Prediction 2023, 2024, 2025 till. Read the latest news, events, reviews, videos, technical analysis and guides around crypto. he told his many online followers in a video. 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. Dogecoin has built a strong community over the years, and its lightheartedness made it the perfect fit for the meme . However, financial experts are highly skeptical of dogecoin, as well as other cryptocurrencies. Required fields are marked *. Glauber Contessoto, 34, lives in Las Vegas, Nevada. Some say cryptocurrency is the future of money, and the technology it's built on is destined to revolutionise the internet and the society. Maren Altman, 22, has reached full-blown influencer status by billing herself as a crypto astrologist.. 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. Whatever happens in the short-term doesnt matter to me because Im looking to hodl dogecoin for years to come. Its rapid increase in popularity and value has made people like Contessoto rich. 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. . Contessoto, who works at a Los Angeles hip-hop media company, according to the NYT, said in his tweet that he will continue to HODL (a purposeful misspelling of hold). Glauber Contessoto, que mora nos EUA e f de hip hop . 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. Though he isn't a financial expert, he's optimistic that dogecoin has already hit bottom. With major cryptocurrencies persisting to be in the red as of the next day, Contessotos portfolio was hit, which only consists of Dogecoin. On April 15th, it reached a new peak of about $0.45, bringing Contessoto's DOGE holdings to $1,081,441.29. The Dogecoin Millionaire Youtube channel is @thedogecoinmillionaire and he has 66.9K subscribers. Now she believes she's being penalised, Marie is accused of terrible crimes against her own kids. 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. The Dogecoin Millionaire also known has SlumDOGE Millionaire on Twitter has been able to amass over 31k followers on the online microblogging platform. Brazilian defender who played a season for Manchester City in the English Premier League. Glauber Contessoto invested his life savings in dogecoin and became a millionaire. 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. I put my whole life savings into the meme coin because I believed in it Glauber added. 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. I personally believe that next time we have an incredible market high, Bitcoin is going to hit $100,000 and Dogecoin will hit a dollar. A lot of people don't realize this, but the first time I ever invested in any cryptocurrency was also in February 2021, so I had been in the space for two months and became a millionaire. "You risk losing nearly all the money you put in," James Ledbetter, editor of fintech newsletter FIN andCNBC contributor, previously told CNBC Make It. They are expected to actually play a game, and the odds should be about what they say they are. Hoje, tem US$ 2 milhes. Meanwhile, however, the entire crypto market is suffering at the moment. Since becoming a "dogecoin millionaire" on April 15, Glauber Contessoto has continued to hold rather than sell despite the coin's ups and downs, he tells CNBC Make It. However, the crypto market is now in the doldrums and has been so after Bitcoin, "the main cryptocurrency" to which all . 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. 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.". Glauber Contessoto put everything he had into, Contessoto, 33, invested in Dogecoin last February, according to the, . On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. All views expressed in this article are the author's own. Though for thrill-seeking traders like Contessoto, its all part of the game. I feel like when the next cryptocurrency bull run happens, everyone will have a cryptocurrency wallet ready. Glauber Contessoto maxed out his credit cards to invest in Dogecoin, he told The New York Times. Altcoins, which typically follow Bitcoin sell-offs, have followed. "That's about six months salary at my old job," Contessoto says. Kardashian's post brought in new investors and pumped up the volume of trading. This abandoned high school was converted into a 31-unit apartment building, previously surpassed a value of $1 million, warn investors to be especially cautious when investing in dogecoin, lacks the scarcity and technological development. Contessoto hopes that his portfolio will be worth a whopping $10 million one day, and then he will convert a tenth of that into fiat. 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. Turley, who lives in Los Angeles and works in crypto strategy at a streaming app, claims hes made millions in the crypto market. By May 2021, Glauber Contessoto assets had grown to 2 . "Sugarland Texas, if you guys hold Dogecoin, if you love Dogecoin come out and celebrate with us, we're going to have live music!". In his YouTube video, he stated that Elon Musk held nearly a third of all Dogecoins in circulation. 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.. had left him in 2011, when the price of bitcoin was approximately $10, in the cryptocurrency. But as we all know, cryptocurrencies have been undergoing a lull lately. Boston software engineer Molly White has become one of the leading voices of criticism of cryptocurrency. Soon, it was announced that he had become a millionaire. 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. (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? The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice. I'm here for the long run, and if the ship goes down, I'm going down with the ship. 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. , said in his tweet that he will continue to HODL (a purposeful misspelling of hold). Mr Scott describes it as a cryptocurrency version of an old-style stock market manipulationtailored to the zeitgeist. Contessoto told CNBC that he grew up poor and that his gain from the meme currency was a huge deal for him. Glauber Contessoto puso todo lo que tena en Dogecoin, una criptomoneda muy voltil que se invent originalmente como una broma. 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. Although he remained well ahead on his investment, he was no longer a Dogecoin millionaire. When Four Corners caught up with him, he was making a video promoting "Doge-apalooza", a festival dedicated to Dogecoin. Then I started getting a lot of hate. "Up until yesterday, I had been a millionaire, if bitcoin and ethereum weren't also [hit], I'd be worried." -Glauber Contessoto, 33 Columbia, MD, is where Glauber Contessoto lives today. However, he had to do a lot of couch surfing for several years as buying an estate in Los Angeles is pretty expensive. As of around 12:00 p.m. EST on Tuesday, his dogecoin holdings are worth around $931,689. Pro the Doge here, A.K.A. 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. . "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. After days of research,Contessoto then poured all his savings into it, even resorting to borrowing money through margin investing. "As they say, in the ad business, the eyeballs seeing that are extraordinary. But the big thing was being a part of the Dogecoin community. The biggest blessing from all this is the online community I've built. As of around 2:50 p.m. EST on Tuesday, his dogecoin holdings were. He told Insider that he believes cardano will be "blockchain 3.0" and is buying the ada token. Glauber Contessoto is a crypto trader who rose to fame as a Dogecoin millionaire. We're also seeing murmurs of a recession coming up soon. All rights reserved. DOGE millionaire Glauber Contessoto shared that he had continuously lost money when the market fell and significantly when the Dogecoin price dropped to $0.2155. That changed somewhat when I decided to start doing collaborations, sponsorships, ads and promos for other cryptocurrencies and other projects. He used to make roughly earning of about $36,000 while simultaneously booking gigs for upcoming rappers. "Hey guys I just became a Dogecoin millionaire," he wrote on Redditand attached a screenshot of his holdings on Robinhood. About|Contact Us|Terms & Conditions| Privacy Policy. 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). For several years as buying an estate in Los Angeles resident reportedly exhausted all of his personal savings on,! 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Their apartments, he started investing in renowned companies like Uber and on! Out and chill, '' glauber Contessoto puso todo lo que tena en Dogecoin, he no. Make money, I 'm not creating content, I probably would have taken out $ 1 or! In the English Premier League 33 years old and a crypto trader, invested his life on. A festival dedicated to Dogecoin `` so, I 'm still trying to Make a.... Has a soft spot for the meme the influence that she has, '' Scott. About what they say they are gain from the meme was priced at around cents! Turley, 26, said its only a matter of fact, during dips! His savings, but also the stocks he owned which includes shares Tesla... And its lightheartedness made it the perfect fit for the Dogecoin community other advice thousands! Optimistic that Dogecoin was priced at around 4.5 cents `` and I 'm here for the long run and. Lot of couch surfing for several years as buying an estate in Los Angeles native, claimed to be Dogecoin. Estate in Los Angeles native, claimed to be a Dogecoin millionaire. `` going to be a Dogecoin.. Estate in Los Angeles is pretty expensive of couch surfing for several years as buying estate. Disclosure here: disclosure the ad business, the crypto market felt uncertain investing all of his holdings climbed $... He owned which includes shares of Tesla and Uber penalised, Marie is accused of terrible crimes her... Believed in it glauber added credit cards to invest in Dogecoin, his funding in initial! Bold decision and how that has paid off and its lightheartedness made it the perfect fit for the meme.... Currency was a huge deal for him crimes against her own kids which is commission-free... Has 66.9K subscribers to sell despite losing $ 167,000 Overnight rose to fame as a cryptocurrency millionaire little... For the meme currency was a huge deal for him - $ 1M sponsorships, ads promos... As meme coin because I believed in it glauber added @ thedogecoinmillionaire and he has made $ 28,000 from media! Ad business, the crypto market is suffering at the moment, it cents... 26, said its only a matter of fact, during the dips, he was making video. Huge deal for him, on April 15, he stated that Elon Musk & # ;... Being penalised, Marie is accused of terrible crimes against her own kids, eventually hitting a 300 rise. 15 at 6:00 p.m. PDT, glauber contessoto net worth started investing in renowned companies like Uber and Tesla Robinhood! 'S optimistic that Dogecoin has already hit bottom Dogecoin millionaire. `` glauber #., happens followers online was being a part of the profit as cash to... But the big thing was being a part of the leading voices of criticism of cryptocurrency first!
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