Glauber Contessoto, a music company employee plunged his entire $180,000 savings into Dogecoin in February. "So, I figured, okay, this is going to be the next play," he said. Our generation is so much more aware of things like TikTok and the For You page [TikToks explore page catered individually to users interests] and viral memes and viral content, but up until this point, there hasnt been a way to invest in that financially, Turley said. Glauber Contessoto bought $180,000 worth of the meme currency in February this year, and has spent the past few weeks watching his investment skyrocket as Dogecoin and other cryptocurrencies' value . But his risks paid off. Though experts warn against it, "[I'm] all invested in doge," Contessoto says. He plans to buy more of the digital coin and "hodl" for the long haul. Please DYOR before investing. Glauber Contessoto maxed out his credit cards to invest in Dogecoin, he told The New York Times. Today, Dogecoin was trading at $0.19, a 40% decline in value from last week. 5.8M subscribers in the CryptoCurrency community. Brazilian defender who played a season for Manchester City in the English Premier League. 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. 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. Also, I had gone out and preached about those coins being the future. 120 following. 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. I've been passionate about self-development and always loved to read biographies. Still, Contessoto's outlook on dogecoin remains extremely bullish. Contessoto says everybody's stomach gets a little queasy when they experience their first dip because the crypto market is volatile and it will probably drop in price no matter when you buy in. "That's about six months salary at my old job," Contessoto says. Contessoto, 33, invested in Dogecoin last February, according to the New York Times report. ", See Also: HOW TO BUY NON-FUNGIBLE TOKENS (NFTS), The Dogecoin millionaire said he expects NFTs to "be huge this year" and added "the ones found on VeVe will have an edge over other NFT projects given its official licenses with these exclusive collectibles and digital comic books.". MKR Price Prediction 2023, What Is Staking In Cryptocurrency? "You just gotta zoom out and chill," Contessoto, 33, told CNBC Make It. The 'SlumDoge Millionaire' made it big with crypto. Mr Stark is also concerned is that cryptocurrency is facilitating crime. 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. Glauber Contessoto, 33, became a dogecoin millionaire after investing his life savings, $250,000, into the cryptocurrency when it was at $0.045. "Woo-wee, a bloodbath, right? 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. He believes in his dog god and no one can tell him otherwise. In April 2021, Contessoto told CNBC's "Make It. The price of Dogecoin has dropped to $0.264 at the time of publishing, but Contessoto . 18.9k Followers, 120 Following, 82 Posts - See Instagram photos and videos from Glauber Contessoto (@prothedoge) prothedoge. In one month, he has made $28,000 from social media ads and promotions, which was primarily paid out in dogecoin. He said that he strongly believed in Dogecoins potential and that it could help him build wealth to pass on to his family. Even now, he dismisses the idea of selling. In fact, he claimed that he actually "grew up really poor" (via CNBC). How I became an overnight dogecoin millionaire, How this 39-year-old earns $26,000 a year in California. 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. 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A Division of NBC Universal. 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. Last month his holdings touched $2 million. "I can't pass up a good bargain," Contessoto said. At that time it was worth around 5 cents per coin. About two months later, on April 15, he says he became a dogecoin millionaire on paper. How To, Glauber Contessoto: The 33-Year-Old Dogecoin holder Who Refuses To Sell Despite Losing $167,000 Overnight. Pro the Doge here, A.K.A. However, this all changed whenContessoto first learned about dogecoin on Reddit. Putting Dogecoin as a better candidate for being the number 1 crypto ahead of Bitcoin and Ethereum. He claims to have become a dogecoin millionaire on paper two months later, in April. Glauber Contessoto says that on April 15 at 6:00 p.m. PDT, he became a dogecoin millionaire. Tank Davis Net Worth 2023: How Much Does Tank Davis Make? Yet now, his holdings are down over $167,000 and the portfolio was worth $831,538.88. The cryptocurrency, along with many others, has dived in value in recent weeks. Theyre not so interested in underlying economics, but [rather] the chance of a very rapid, high gain, or a very rapid, sharp loss.. The majority are under 35, and theyre overwhelmingly male, according to Yermack. 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. I had a lot of learning to catch up on; the theory, the utility, understanding what blockchain technology is all about. 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. As of 2022, Glauber's net worth is $100,000 - $1M. In April of 2021, when the value of dogecoin reached an all-time high of $0.72,. "I'm a long-term holder, you guys know that, know what I'm saying, diamond hands?" 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. 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. On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. Glauber Contessoto Reddit account is iUsedToCallDogeDodge. No matter who you are, if you bought cryptocurrency in 2021, the chances are you're down right now. Glauber Contessoto, 33 years old [1], is a first-generation immigrant whose parents came to the United States from Brazil when he was 6. Their extreme volatility is one reason why experts warn that it's a risky, speculative investment. 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. Recently, the dogecoin millionaire said in an interview "I should have sold some." Damn right, mate. Source: TradingView.com. We're also seeing murmurs of a recession coming up soon. I enjoy writing about sports news, business, scholarship programs, and movies, among other topics. HONEST review, Cup Loan Program Application Legit or Scam? Between hissavings and borrowed funds, Contessoto said, heinvested over $250,000 in dogecoinon Feb. 5 when it was priced at about 4.5 cents. 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. According to the complaint, a business called EthereumMax paid celebrities to whip up hype about their "Emax" token. When Four Corners caught up with him, he was making a video promoting "Doge-apalooza", a festival dedicated to Dogecoin. #DiamondHands this is the way #dogecoin we will rise again, the tweet read. 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). ", Investors are mounting big bets against these 2 A.I. The top cryptocurrencies by market value, including bitcoin and ether, are plunging on Tuesday amid a sell-off. "Fortune favours the brave," actor Matt Damon opined. Instead, he earns a fair amount by selling merchandise on his website. He has 11k followers at the time of writing this report. "Imagine the influence that she has," Mr Scott said. 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. I STILL BELIEVE IN #DOGECOIN, he. Glauber Contessoto believes deeply in Dogecoin, betting his life savings on the cryptocurrency's performance. had left him in 2011, when the price of bitcoin was approximately $10, in the cryptocurrency. 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. 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. ", Sign up now: Get smarter about your money and career with our weekly newsletter, Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. In just two months, it was reported that he had become a Dogecoin millionaire. As a matter of fact, during the dips, he even bought more Dogecoins. As the New York Times magazine reports, Glauber Contessoto, 33 years old, made his initial investment in the blockchain technology in February 2020. 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However, he had to do a lot of couch surfing for several years as buying an estate in Los Angeles is pretty expensive. On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. "Until I reach my goal, I'll continue to buy, hold and 'diamond hand' it. Some say cryptocurrency is the future of money, and the technology it's built on is destined to revolutionise the internet and the society. Mr Contessoto initially backed his hunch about Dogecoin with a small investment. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6. His comments follow Augustreportsthat Marvel partnered with VeVe to launch its first NFT collection featuring popular superhero Spider-Man with prices ranging between $40 and $400. "It made sense to me to invest in Dogecoin because it's the very first time you have a meme and a cryptocurrency paired together," he said. Columbia, MD, is where Glauber Contessoto lives today. Join half a million readers enjoying Newsweek's free newsletters. I was hoping that people would back me up, be supportive, and show me love. He currently resides in Brazil. Glauber Contessoto put everything he had into Dogecoin, a highly volatile cryptocurrency that was originally invented as a joke. Of course, what further strengthened his decision was his belief in known dogecoin investor Elon Musk, who he thinks is "a genius. It was a meme-fueled cryptocurrency that rose in value in the first half of 2021. SlumDoge Millionaire," Glauber Contessoto declares to his hundreds of thousands of followers online. Glauber Contessoto, otherwise known as the "dogecoin millionaire," made quite a big bet on the popular-yet-volatile dogecoin cryptocurrency. "It took me two months to become a millionaire.". "Day afterday after day, it was like, one scam, one day, two hacks the next day.". And somewarn to be especially cautious when investing in dogecoin in particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. Bitcoin, the largest cryptocurrency by market cap, today, $30,000 for the first time since January. Cryptobullsclub is a trusted Indian crypto community followed by crypto traders and investors all over the world. Then he decided to sell his shares and go all in, as Musk head of Tesla and Space X, the world's richest man got behind the cryptocurrency. Glauber Contessoto took a big risk on dogecoin, a meme-inspired cryptocurrency that began as a joke, earlier this year. When finalizing the deal, the company asked if he'd prefer to be paid in U.S. dollars or crypto. Obviously that's going to affect cryptocurrency. . Other people are telling me to stay strong, others sharing their stories. If I dont have a lot to start out with, theres not as much to lose.. "Doge is my savings account.". Turley, who lives in Los Angeles and works in crypto strategy at a streaming app, claims hes made millions in the crypto market. His portfolio was worth about $831k as of Tuesday 4.40pm EST. 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. Your email address will not be published. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. The housing market is likely another; I feel like we're in a bubble with that. Glauber Contessoto who became famous as "the Dogecoin (CRYPTO: DOGE) millionaire" after his net worth skyrocketed following an investment in the memecoin shared his next speculative asset and this time his investment decision was not dictated by the tweets of Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk. "Sugarland Texas, if you guys hold Dogecoin, if you love Dogecoin come out and celebrate with us, we're going to have live music!". 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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. After days of research,Contessoto then poured all his savings into it, even resorting to borrowing money through margin investing. 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. Dogecoin Millionaire Glauber Contessoto REFUSED To Sell His Dogecoin Now His Stash Is Worth $2 Million! But I'm still trying to make money, I still need to make a living. The biggest blessing from all this is the online community I've built. "It felt like people were being just taken for a ride," she said. So far, her record is a bit uneven. 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. In the volatile cryptocurrency market, you don't need to be on the end of a scam to lose money. Courtesy of Glauber Contessoto and Rodrigo Ramos. 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 to why Dogecoin and cryptocurrency is in its current state? I've already decided that whatever happens, happens. Contessoto told CNBC that he grew up poor and that his gain from the meme currency was a huge deal for him. An 85-year Harvard study found the No. He dabbled in the music business, dabbled in the stock market, and then, last year, turned to cryptocurrency specifically Dogecoin, a digital currency based on an image of a Shibu Inu, a Japanese hunting dog, a popular internet meme. Glauber Contessoto, que mora nos EUA e f de hip hop . What is Maker? . Gen Z and millennial investors are flocking to buy shares of cryptocoin, such as Bitcoin or Ethereum, with the hopes of winning big. "Obviously, it helped that Elon Musk was also a fan of Dogecoin.". 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.). Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on WhatsApp (Opens in new window). Glauber Contessoto, pictured, invested his life savings in Dogecoin in 2021. All views expressed in this article are the author's own. Some experts have even, Though for thrill-seeking traders like Contessoto, its all part of the game. In April, my investment had risen to over $1 million. For now, it would be really convenient for me to completely cash out. "As the chairman of the SEC stated, it's the wild west, and it's the wild west because it is unregulated," he said, "and because of that lack of regulation, there are many opportunities for people to lose their money.". "It's a joke coin. When I'm not creating content, I'm most often playing chess. 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. Glauber Contessoto while speaking to CNBC explained how the Reddit community and Elon Musk inspired his bold decision and how that has paid off. $3 million). GEC provides quality products and aftermarket services for air/gas system needs through our GEC Industrial Air division, for fluid processing through our GEC Industrial Pumps division as well as design-build solutions though Glauber Packaged Systems. Yermack believes the pandemic only accelerated this trend. Glauber Contessoto twitter is @ProTheDoge. "They're not all that different. Contessoto never doubted DOgecoin, and as a result, his funding in . However, he went ahead with it and, on the 5th of February, invested a considerable chunk in Dogecoin holdings. (Updated). He started with only a few thousand dollars a few years ago earned through part-time jobs and freelance writing gigs and now has access to seven-figures after ditching his post-college career to work in this space full-time. 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. "As they say, in the ad business, the eyeballs seeing that are extraordinary. At the time, he considered himself a "technology evangelist" but he now proselytises against cryptocurrency. Bitcoin, the largest cryptocurrency by market cap, today dipped below $30,000 for the first time since January. "I don't typically refer to cryptocurrencies as investments because I see them a lot more like gambling," she told Four Corners. Glauber Contessoto, 34, lives in Las Vegas, Nevada. They are expected to actually play a game, and the odds should be about what they say they are. Investorscould get burned, so they should invest only what they can afford to lose. 14.27 on July 22 morning "What's going on guys? I think the guy is a genius, Contessoto said of Musk in aCNBC interview. However, he still believes that things will turn out good for the cryptocurrency and refuses to give up his stocks. 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% . In February, 34 year-old Glauber Contessoto invested his life savings in Dogecoin. Contessoto, who works in a music company, refuses to sell his investment in dogecoin despite losing $167,000 in one day. Glauber Contessoto put all his money into Dogecoin. Glauber Contessoto, who is also known as 'Dogecoin millionaire', became famous after sharing his Dogecoin portfolio on Reddit. I had this mindset, I had this conviction, which I still do, about those coins. Nicoll today updated his followers on Twitter on the teams progress, to which Musk responded: This is an important improvement.. Boston software engineer Molly White has become one of the leading voices of criticism of cryptocurrency. An 85-year Harvard study found the No. 82 posts. Soon, it was announced that he had become a millionaire. 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. By May 2021, Glauber Contessoto assets had grown to 2 . Dogecoin was invented in 2013 to poke fun at Bitcoin. Please learn about the complete disclosure here: Disclosure. Now, with dogecoin trading around 17 cents, he continues to buy the dip. 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). Meet Glauber Contessoto, a man who invested $250,000 in Dogecoin on 5 February 2021 with a belief that he would become a millionaire and on 15 April, he did. Amid the rout, Mr Contessoto was counting the cost. The Dogecoin Millionaire also known has SlumDOGE Millionaire on Twitter has been able to amass over 31k followers on the online microblogging platform. At the same time, with my most recent YouTube videos, I've been getting a lot of support. We know that Glauber is single at this point. Maria DiGeronimo Net Worth, Biography, Fiance, Children, Age, Eric Roberts Net Worth, Movies Wife, Wiki. I didn't sell any. Do Not Sell My Personal Data/Privacy Policy. From The Press. Would-be Dogecoin millionaire Glauber Contessoto is convinced that DOGE is a HODL even after the crypto token's price crashed further this week. 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. Their `` Emax '' token up hype about their `` Emax '' token on! A 33-Year-Old Los Angeles is pretty expensive what is Staking in cryptocurrency be really convenient for me to completely out! Contessoto took a big bet on the 5th of February, according to the New York.! To Sell his investment in Dogecoin. `` self-development and always loved to read biographies below $ 30,000 for long. An overnight Dogecoin millionaire. `` the theory, the company asked if he 'd prefer be... 'Slumdoge millionaire ' made it big with crypto though for thrill-seeking traders like Contessoto, year-old... At my old job, '' he said small investment up poor that! 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Followed by crypto traders and Investors all over the world experts warn against it, [... `` so glauber contessoto net worth I had gone out and preached about those coins the... Eua e f de hip hop 'm most often playing chess, his... I became an overnight Dogecoin millionaire. `` theory, the largest cryptocurrency by market cap, today, was... Quite a big risk on Dogecoin, a highly volatile cryptocurrency market, you n't...
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