So, I followed my heart. Glauber's Dogecoin is now worth $323K. Now, she works with people in the crypto space to launch their own business endeavors and guides them on how to invest. Some experts have even said that we are now entering a bear market. 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. 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. He told Insider that he believes cardano will be "blockchain 3.0" and is buying the ada token. Mr Stark is also concerned is that cryptocurrency is facilitating crime. However, he is looking forward to growing his brand online. A young Australian tech marketer, Jackson Palmer, co-founded it to mock and satirise the hype about crypto. He flew to the United States at the age of 6 with his family and resided in Suburban, Maryland. 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. We've received your submission. In #Dogecoin. Contessoto said that there were three main reasons why he decided to invest in Dogecoin: (1) he loved the Dogecoin community on Reddit; (2) he liked the "Shiba Inu" meme; and (3) Elon Musk's Dogecoin advocacy. If I could go back in time, I probably would have taken out $1 million or $500,000. ", Despite the dogecoin price today being nowhere near its previous all-time high, the "dogecoin millionaire" still refuses to sell his meme-inspired cryptocurrency. [4] References [ edit] Locke, Taylor (2021-07-06). 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. The Dogecoin Millionaire also known has SlumDOGE Millionaire on Twitter has been able to amass over 31k followers on the online microblogging platform. Is Letmeone dot com a scam or a legit website? Courtesy of Glauber Contessoto and Rodrigo Ramos. On top of all that, he also went on to liquidate the rest of his owned stock shares as means to go all-out on dogecoin. 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. Home / Loyalty / Glauber contessoto net worth. "I stayed up all night time taking a look at my display," Contessoto, 33, once told CNBC. Ms White has a soft spot for the Dogecoin, the satirical crypto that became mainstream. How To, Glauber Contessoto: The 33-Year-Old Dogecoin holder Who Refuses To Sell Despite Losing $167,000 Overnight. this will not tell you what levels to take profit at, just directional indicators #astrology #crypto #bitcoin #WhatWouldPopTartsDo. 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.). When I'm not creating content, I'm most often playing chess. 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. Glauber Contessoto put all his money into Dogecoin. About two months later, on April 15, he says he became a dogecoin millionaire on paper. Glauber Contessoto puso todo lo que tena en Dogecoin, una criptomoneda muy voltil que se invent originalmente como una broma. Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. 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. 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. Contessoto has built an online following due to his Dogecoin journey. 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. "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. Its rapid increase in popularity and value has made people like Contessoto rich. Courtesy of Glauber Contessoto and Rodrigo Ramos. Contessoto told CNBC that he grew up poor and that his gain from the meme currency was a huge deal for him. 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. Contessotto, who works in the music industry, claimed Elon Musk, the billionaire, was a major influence on his decision. At the time, he considered himself a "technology evangelist" but he now proselytises against cryptocurrency. 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). Contessoto investeerde naar eigen . 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 STILL BELIEVE IN #DOGECOIN, he. A pril 16, 2021 Glauber Contessoto posted a screenshot of his digital wallet on Twitter. SlumDoge Millionaire," Glauber Contessoto declares to his hundreds of thousands of followers online. 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. "All types of horrific crimes from ransomware attacks, and terrorism, and evading sanctions during war time, which is what's going on right now, drug dealing, sex trafficking. 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. They are expected to actually play a game, and the odds should be about what they say they are. He currently resides in Brazil. The irony of all this is that Dogecoin was meant to be a joke. Source: TradingView.com. Now she believes she's being penalised, Marie is accused of terrible crimes against her own kids. . As Musk ramped it up, that's where Dogecoin headed; Mr Contessoto's gamble paid off. At current rates, Contessoto is still ahead in terms of net worth. He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin.. Meanwhile, however, the entire crypto market is suffering at the moment. Everything is just bad right now. The Los Angeles resident reportedly exhausted all of his personal savings on dogecoin, according to Newsweek. It was at once a show of faith and a marketing strategy. Your email address will not be published. His holdings went up in value and touched $2 million. "Doge is my savings account," he said. With major cryptocurrencies persisting to be in the red as of the next day, Contessotos portfolio was hit, which only consists of Dogecoin. Depending on what happens in the coming months, he believes the price could rise. 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. Glauber Contessoto him Glauber Contessoto, 34, lives in Las Vegas, Nevada. Join the tribe of 1000+ members now. "Day afterday after day, it was like, one scam, one day, two hacks the next day.". Pero la voltil moneda meme ha cado desde entonces y l ya no es millonario Dogecoin. 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. As a teenager, he developed a strong liking for hip-hop music and decided to pursue his career in this direction after school. "Imagine the influence that she has," Mr Scott said. Brazilian defender who played a season for Manchester City in the English Premier League. Glauber Contessoto became a crypto millionaire by buying Dogecoin. (He could have sniped back by reminding them hes still up 3X on his investment.). Now, Glauber Contessoto tells that he intends to go "all in" on another cryptocurrency. Whatever happens in the short-term doesnt matter to me because Im looking to hodl dogecoin for years to come. Glauber Contessoto twitter is @ProTheDoge. 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. Read about our full privacy policy here: Privacy Policy. $3 million). Theyre not so interested in underlying economics, but [rather] the chance of a very rapid, high gain, or a very rapid, sharp loss.. 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.". From Formula One to football, there is hardly a sporting code these days that's not sponsored by the cryptocurrency industry. MKR Price Prediction 2023, What Is Staking In Cryptocurrency? In a tweet in April, he claimed to be the , And Contessoto, who has tens of thousands of followers on Instagram and Twitter, today, Contessoto, who works at a Los Angeles hip-hop media company, according to the. For us to get there, we have to all believe in the same thing. An 85-year Harvard study found the No. Nonetheless, Contessoto's plan remains the same: "Once I hit $10 million, then I'll take out 10%. 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. Blower Repair Pump Repair Engineering Services Replacement Parts. But 33-year-old Los Angeles resident Jaysn Prolifiqlegally known as Glauber Contessototold Newsweek he does not regret hanging on to his . 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. But I'm still trying to make money, I still need to make a living. Since then, Contessoto hasrefused to sell, despite dogecoin'sups and downs. The cryptocurrency, along with many others, has dived in value in recent weeks. Last month his holdings touched $2 million. 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. Contessoto didn't exactly start out as the dogecoin millionaire he's known as today. In just two months, it was reported that he had become a Dogecoin millionaire. He also showed them that he was doubling down, recording himself as he forked out another $US10,000 on Dogecoin. Contessoto, who works in a music company, refuses to sell his investment in dogecoin despite losing $167,000 in one day. "Woo-wee, a bloodbath, right? Please DYOR before investing. At the moment, there are ,00 Bitcoin owners . 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. HONEST review, Cup Loan Program Application Legit or Scam? 18.9k Followers, 120 Following, 82 Posts - See Instagram photos and videos from Glauber Contessoto (@prothedoge) prothedoge. 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. Altcoins, which typically follow Bitcoin sell-offs, have followed. The newly appointed Dogecoin millionaire, AKA' Slum Doge Millionaire,' stumped up his initial investment by selling everything he owned of value. * 2022 Insider Inc. and finanzen.net GmbH . He believes the top 5 cryptocurrencies in five years will be Dogecoin, Ethereum, Bitcoin, Cardano, and Ripple - in that order. Net Worth: Relationship: Single Kids: Edit this Information. Mr Contessoto initially backed his hunch about Dogecoin with a small investment. Crypto is highly volatile. "It felt like people were being just taken for a ride," she said. Dogecoin is currently worth around $0.23, down . 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. Altman charges members $7.77 per month and offers courses ranging in price anywhere from $49 to $1,499. #DiamondHands this is the way #dogecoin we will rise again, the tweet read. The younger generation is now becoming a lot more aware. In February 2021, I put $188,000my life savingsinto Dogecoin. Glauber Contessoto said that he became a dogecoin millionaire on April 15, 2021. 82 posts. "Woo-wee, a bloodbath, right? And he still hasn't sold any. He rode that investment to millionaire status and a profile in the New York Times in May. 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. 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. No matter who you are, if you bought cryptocurrency in 2021, the chances are you're down right now. People had a lot of free time on their hands and were locked in their apartments, he said. 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.. But I still get a lot of hate from people. Glauber Contessoto's dogecoin holdings on Robinhood as of July 20 at 2:50 p.m. EST. However, this all changed whenContessoto first learned about dogecoin on Reddit. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6. Glauber Contessoto, a music company employee plunged his entire $180,000 savings into Dogecoin in February. I had a lot of learning to catch up on; the theory, the utility, understanding what blockchain technology is all about. "It has no underlying intrinsic value. , said in his tweet that he will continue to HODL (a purposeful misspelling of hold). Join half a million readers enjoying Newsweek's free newsletters. Glauber Contessoto, 33 years old [1], is a first-generation immigrant whose parents came to the United States from Brazil when he was 6. Somewarn investors to be especially cautious when investing in dogecoinin particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. Would-be Dogecoin millionaire Glauber Contessoto is convinced that DOGE is a HODL even after the crypto token's price crashed further this week. Last month his holdings touched $2 million. While Contessoto is not bothered, experts suggest exercising care with dogecoin,advising only to invest as much as you can handle losing. #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. I feel like when the next cryptocurrency bull run happens, everyone will have a cryptocurrency wallet ready. This worked in his favor, and at one point in time, his investments were worth more than three million dollars (Yes! On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. Meet Glauber Contessoto, . Contessoto invested over 250,000 in Dogecoin holdings on February 5, and two months later, he later claimed that he became a Dogecoin millionaire. But his risks paid off. Whats Purchase Performance prediction atlanta ga charge on debit card? In pursuit of his dreams, he moved to Los Angeles and worked as a video editor at a music company. Glauber Contessoto works at a music company in Los Angeles and belongs to a middle class family. Top Solana NFT Projects to Buy in 2023 (and from, What is Maker? Tank Davis Net Worth 2023: How Much Does Tank Davis Make? 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. "People are going to start investing in Dogecoin and it's going to take off. But Altman said her clients are along for a wild ride. Mr Contessoto has the kind of rags to riches tale that has drawn many people to cryptocurrency. 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. For now, it would be really convenient for me to completely cash out. Dogecoin was invented in 2013 to poke fun at Bitcoin. 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. What is Maker? Whats really exciting about crypto is that for the first time in history, we can place a financial value on social capital.. 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. 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. Soon, it was announced that he had become a millionaire. The leading community for cryptocurrency news, discussion, and analysis. "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.". Blood in the streets, right?" he told his many online followers in a video. A sudden dip in Dogecoins worth cost Glauber Contessoto a rapid drop in his total net worth. 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. 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. The 33-year old crypto enthusiast put everything at stake but soon got remunerated as Dogecoins worth increased during the first half of 2021. Its an act of rebellion against traditional methods of investment and business. Its rapid increase in popularity and value has made people like Contessoto rich. I can't sit here saying "I'm gonna hold forever" and then bail as soon as it gets a little tight. In this investment journey, his friends even criticized him, "Dude, it's a pump-and-dump [scheme]," one of his friends said in a text message. In an interview, he said that many of his friends tried to talk him out of it. So far, her record is a bit uneven. The developers behind the coin wanted to make a silly cryptocurrency with no real valueand even based its image on a popular internet. Glauber Contessoto believes deeply in Dogecoin, betting his life savings on the cryptocurrency's performance. 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. Gen Z and millennial investors are flocking to buy shares of cryptocoin, such as Bitcoin or Ethereum, with the hopes of winning big. But on Monday . 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). Glauber Contessoto took a big risk on dogecoin, a meme-inspired cryptocurrency that began as a joke, earlier this year. He plans to buy more of the digital coin and "hodl" for the long haul. According to a tweet Contessoto published, the move comes in . had left him in 2011, when the price of bitcoin was approximately $10, in the cryptocurrency. Required fields are marked *. Glauber Contessoto, otherwise known as the "dogecoin millionaire," made quite a big bet on the popular-yet-volatile dogecoin cryptocurrency. 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. According to the Benzinga report, Contessoto feels Dogecoin will "be every newcomers' bridge" into cryptocurrency in the years to come. He is known on YouTube as The Dogecoin Millionaire and he is known on Instagram as @ProTheDoge. Some might argue - time will tell. Glauber Contessoto Tweet. 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". 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. Instead, he earns a fair amount by selling merchandise on his website. In addition, Contessoto shared in recent a YouTube video that he's selling his own beard cream lineup called the "Diamond Hand." Glauber's personal network of family, friends, associates & neighbors include Mun Chong, Gail George, . Between his savings and borrowed funds, Contessoto says that heinvested over $250,000 in dogecoinon February 5 when it was priced at about 4.5 cents. If I dont have a lot to start out with, theres not as much to lose.. Hoje, tem US$ 2 milhes. 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. After watching Dogecoin on Reddit, Contessoto s decided on February 5, 2021, to invest greater than. 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. An 85-year Harvard study found the No. ", "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. he said on the video, "and I'm going to keep on holding it.". Glauber Contessoto Reddit account is iUsedToCallDogeDodge. Bitcoin, the largest cryptocurrency by market cap, today dipped below $30,000 for the first time since January. His net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. "I'm a long-term holder, you guys know that, know what I'm saying, diamond hands?" 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? "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. He grew up poor and that his gain from the meme currency was a major influence on investment... To Los Angeles and worked as a teenager, he considered himself ``..., otherwise known as today exactly start out as the Dogecoin millionaire, '' she said published the... 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