But despite the surge in value of the coin, rising more than 12,000% from January to its peak in May, Contessoto didnt cash out. 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? Contessoto invested over 250,000 in Dogecoin holdings on February 5, and two months later, he later claimed that he became a Dogecoin millionaire. Since, Contessoto has refused to sell, despite dogecoin's ups and downs. Contessoto was intrigued by dogecoin for a few reasons. Ms White is concerned about the way cryptocurrency is being marketed to people who are neither tech savvy nor sophisticated investors able to understand the risks they're exposed to. 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. But I still get a lot of hate from people. [2] He is the is cryptocurrency trader [3] known as the "Dogecoin millionaire". IF I CAN HODL YOU CAN HODL!!! Even in May, when the value of his holdings surpassed $2 million, he still didn't budge. Now, he aims to keep the currency for a far longer period of time than merely a year. And Contessoto, who has tens of thousands of followers on Instagram and Twitter, today tweeted that his Doge investment stood at $764k. However, financial experts are highly skeptical of dogecoin, as well as other cryptocurrencies. And somewarn to be especially cautious when investing in dogecoin in particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. However, he is looking forward to growing his brand online. . Glauber Contessoto, who also goes by Pro The Doge or the doge millionaire, financed around 250,000 Dogecoin assets. No matter who you are, if you bought cryptocurrency in 2021, the chances are you're down right now. Life in Loa Angeles was not easy for the Dogecoin millionaire. 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. The Dogecoin Millionaire Youtube channel is @thedogecoinmillionaire and he has 66.9K subscribers. In an interview, he said that many of his friends tried to talk him out of it. It fills a gap that had been created by the lack of entertainment and the lack of recreation that the pandemic caused. (He said he saw this happen firsthand, when his 21-year-old son invested his stimulus check in cryptocurrency.). Pero la voltil moneda meme ha cado desde entonces y l ya no es millonario Dogecoin. The 33-year-old tells CNBC Make It that he decided to invest in Dogecoin after learning about it on Reddit. 18.9K followers. But for Glauber Contessoto, uncertainty comes along with crypto, and if you dont have the stomach to handle the volatility factor, then perhaps crypto is not made for you. He's hopeful it will hit $1 by the end of the year. That was worth more than $7,000 at the time I interviewed them together. But, "if it drops below 20 cents next week, I'll buy the dip again," Contessoto says. Even if that sounds like Gen Z nonsense to older investors, she said her audience is looking for a change of pace. And none of what you read here is by any way, an investment advice. "I'm a long-term holder, you guys know that, know what I'm saying, diamond hands?" Glauber Contessoto Reddit account is iUsedToCallDogeDodge. Gen Z and millennial investors are flocking to buy shares of cryptocoin, such as Bitcoin or Ethereum, with the hopes of winning big. 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. 82 posts. 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. 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. "Woo-wee, a bloodbath, right? Education + Add. However, the "dogecoin millionaire" moniker was a short-lived one, as dogecoin dropped significantly the following month, with Contessoto's portfolio suffering from over $160,000 in losses in a single day at one point (via NBC). Top Solana NFT Projects to Buy in 2023 (and from, What is Maker? Everything is just bad right now. Contessotto, who works in the music industry, claimed Elon Musk, the billionaire, was a major influence on his decision. This volatility is why experts warn that Crypto . Since then I have kept every single coin. "It's getting crazy in this crypto market, right? Would-be Dogecoin millionaire Glauber Contessoto is convinced that DOGE is a HODL even after the crypto token's price crashed further this week. From The Press. From Formula One to football, there is hardly a sporting code these days that's not sponsored by the cryptocurrency industry. Net Worth: Relationship: Single Kids: Edit this Information. The coin hit 16 cents Tuesday morning before inching up to 17 cents. Contessoto will earn a total of $25,000 for an upcoming partnership between his YouTube channel and blockchain project Acria Network, he tells CNBC Make It. "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.". They are expected to actually play a game, and the odds should be about what they say they are. This financial instability became his driving force to become wealthy and successful. If I made $3 million on Tesla, nobody would care, but they do care about the dude who turned $188,000 into $3 million with a cryptocurrency featuring a dog meme. Source: TradingView.com. Hoje, tem US$ 2 milhes. The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. For now, it would be really convenient for me to completely cash out. 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. 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. "Imagine the influence that she has," Mr Scott said. Gotta love the conviction. 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. The cryptocurrency, along with many others, has dived in value in recent weeks. Glauber Contessoto is a crypto trader who rose to fame as a Dogecoin millionaire. When finalizing the deal, the company asked if he'd prefer to be paid in U.S. dollars or crypto. On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. At. (Full Story) By. Altman charges members $7.77 per month and offers courses ranging in price anywhere from $49 to $1,499. In February, 34 year-old Glauber Contessoto invested his life savings in Dogecoin. 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. 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. 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. An 85-year Harvard study found the No. 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. "To our mind, as we alleged in our complaint, it appears to be a classic pump and dump scheme.". Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. All of those things are now a lot easier to do because of cryptocurrency.". 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. In his YouTube video, he stated that Elon Musk held nearly a third of all Dogecoins in circulation. The developers behind the coin wanted to make a silly cryptocurrency with no real valueand even based its image on a popular internet. 120 following. Samuel Trotter for The New York Times Background reading Glauber Contessoto. A rash . We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. 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. His holdings went up in value and touched $2 million. "It felt like people were being just taken for a ride," she said. That changed somewhat when I decided to start doing collaborations, sponsorships, ads and promos for other cryptocurrencies and other projects. Space to play or pause, M to mute, left and right arrows to seek, up and down arrows for volume. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6.. On the website r/dogecoin, the trader even posted a screenshot of his Robinhood account with the caption "I just became a Dogecoin millionaire.". 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. Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. According to CoinMarketCap, Dogecoin is at the moment trading at around $0.2191, with a market value of over $28 billion. Other people are telling me to stay strong, others sharing their stories. Contessoto, who works in a music company, refuses to sell his investment in dogecoin despite losing $167,000 in one day. Save my name, email, and website in this browser for the next time I comment. Contessoto, 33, invested in Dogecoin last February, according to the New York Times report. 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. Instead, he earns a fair amount by selling merchandise on his website. 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. When . Please learn about the complete disclosure here: Disclosure. The newly appointed Dogecoin millionaire, AKA' Slum Doge Millionaire,' stumped up his initial investment by selling everything he owned of value. Courtesy Glauber Contessoto. . "But with gambling, there's regulation involved, the casinos can't just take your money and run away with it. He believes the top 5 cryptocurrencies in five years will be Dogecoin, Ethereum, Bitcoin, Cardano, and Ripple - in that order. "What's going on guys? Today, Dogecoin was trading at $0.19, a 40% decline in value from last week. BuyBlockchain.net . 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. So far, her record is a bit uneven. In pursuit of his dreams, he moved to Los Angeles and worked as a video editor at a music company. "That's about six months salary at my old job," Contessoto says. However, this all changed whenContessoto first learned about dogecoin on Reddit. How Glauber Contessoto Became Known as the Dogecoin Millionaire. 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. But his risks paid off. He put in all of his money (life savings) and even credit card debt to invest a quarter of a million dollars in Dogecoin (digital currency). Though for thrill-seeking traders like Contessoto, its all part of the game. As Musk ramped it up, that's where Dogecoin headed; Mr Contessoto's gamble paid off. Turley, who lives in Los Angeles and works in crypto strategy at a streaming app, claims hes made millions in the crypto market. Glauber Contessoto puso todo lo que tena en Dogecoin, una criptomoneda muy voltil que se invent originalmente como una broma. 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. Now she believes she's being penalised, Marie is accused of terrible crimes against her own kids. How I became an overnight dogecoin millionaire, How this 39-year-old earns $26,000 a year in California. He no longer works at the music company in Los Angeles. "I believe it's one big Ponzi scheme," he told Four Corners. Investorscould get burned, so they should invest only what they can afford to lose. After learning about the meme cryptocurrency on Reddit, Contessoto says he invested over $180,000 in dogecoin on Feb. 5, when it was priced at about 4.5 cents. Whatever the truth, it's impossible to escape the hype. Is cryptocurrency financial kryptonite? What is Maker? 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. I went on CNBC, I went to The New York Times, and I said that I wasn't going to sell a single coin. Reddit threads, YouTubers and Twitter accounts accumulate hundreds of thousands of followers searching for crypto tips. Glauber Contessoto, who is also known as 'Dogecoin millionaire', became famous after sharing his Dogecoin portfolio on Reddit. 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. The leading community for cryptocurrency news, discussion, and analysis. "I don't typically refer to cryptocurrencies as investments because I see them a lot more like gambling," she told Four Corners. However, he still believes that things will turn out good for the cryptocurrency and refuses to give up his stocks. The 'SlumDoge Millionaire' made it big with crypto. As of 2022, Glauber's net worth is $100,000 - $1M. As of around 2:50 p.m. EST on Tuesday, his dogecoin holdings were. Glauber Contessoto 33 Dogecoin All-in Dogecoin . But I'm still trying to make money, I still need to make a living. Up until yesterday, I had been a millionaire, if bitcoin and ethereum werent also [hit], Id be worried.. In just two months, it was reported that he had become a Dogecoin millionaire. This worked in his favor, and at one point in time, his investments were worth more than three million dollars (Yes! 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 had a lot of learning to catch up on; the theory, the utility, understanding what blockchain technology is all about. A young Australian tech marketer, Jackson Palmer, co-founded it to mock and satirise the hype about crypto. So, I followed my heart. "So, they literally paid me in dogecoin. Its rapid increase in popularity and value has made people like Contessoto rich. Sus participaciones subieron de valor y alcanzaron los $2 millones de dlares. According to the Benzinga report, Contessoto feels Dogecoin will "be every newcomers' bridge" into cryptocurrency in the years to come. Yesterday, he announced to the Reddit community that he is now a Crypto millionaire. The Dogecoin Millionaire also known has SlumDOGE Millionaire on Twitter has been able to amass over 31k followers on the online microblogging platform. Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. But Altman said her clients are along for a wild ride. had left him in 2011, when the price of bitcoin was approximately $10, in the cryptocurrency. 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. But investor Glauber Contessoto, whose dogecoin holdings previously surpassed a value of $1 million, isn't worried. Dogecoin was invented in 2013 to poke fun at Bitcoin. Among those is meme-inspired cryptocurrency dogecoin, which is down about 77% since its all-time high of nearly 74 cents in May. 18.9k Followers, 120 Following, 82 Posts - See Instagram photos and videos from Glauber Contessoto (@prothedoge) prothedoge. Nonetheless, Contessoto's plan remains the same: "Once I hit $10 million, then I'll take out 10%. In February, when Glauber Contessoto decided to invest his life savings in Dogecoin, his friends had concerns. Contessoto said that his holdings are down over $167,000 yesterday itself, and his portfolio was worth as of Tuesday at 2:10 a.m. IST. Whats really exciting about crypto is that for the first time in history, we can place a financial value on social capital.. Mr Contessoto initially backed his hunch about Dogecoin with a small investment. In February 2021, I put $188,000my life savingsinto Dogecoin. And he still hasn't sold any. 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. Courtesy of Glauber Contessoto and Rodrigo Ramos. Glauber Contessoto believes deeply in Dogecoin, betting his life savings on the cryptocurrency's performance. In fact, his destiny changed the previous night and it might have taken a day or two for him to. Glauber Contessoto Instagram (IG) is @prothedoge. 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. 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. 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? Glauber Contessoto Tweet. "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. We know that Glauber is single at this point. marenaltman/Instagram, Courtesy of Cooper Turley, 2023 NYP Holdings, Inc. All Rights Reserved, FTXs NishadSingh pleads guilty to fraud, conspiracy charges, Alexis Ohanian used $50M crypto windfall to buy Serena Williams 17-carat engagement ring, SBFssprawling alleged campaign finance scheme detailed in new indictment, Sam Bankman-Fried reportedly caught napping during flight to NYC court hearing, Oh No, Oh No, Oh No No No Song Tiktok Remix Tik tok. Glauber Contessoto, que mora nos EUA e f de hip hop . And a lot of people did, especially for the first six to eight months. 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. Whatever happens in the short-term doesnt matter to me because Im looking to hodl dogecoin for years to come. Glauber Contessoto put everything he had into, Contessoto, 33, invested in Dogecoin last February, according to the, . Buy in 2023 ( and from, what is Maker investor glauber Contessoto, 33, in... Doing collaborations, sponsorships, ads and promos for other cryptocurrencies and other Projects invest his life savings in after... And offers courses ranging in price anywhere from $ 49 to $ 1,499 for!, una criptomoneda muy voltil que se invent originalmente como una broma longer works at music... A lot of learning to catch up on ; the theory, utility. Is a bit uneven, you guys know that, know what I 'm still trying to a! 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