In #Dogecoin. Glauber Contessoto puso todo su dinero en Dogecoin. Now, Glauber Contessoto tells that he intends to go "all in" on another cryptocurrency. Cincoin abre as portas para uma nova era de incluso social digital iniciando a formao da sua comunidade financeira compartilhando informao e distribu. With major cryptocurrencies persisting to be in the red as of the next day, Contessotos portfolio was hit, which only consists of Dogecoin. Glauber Contessoto works at a music company in Los Angeles and belongs to a middle class family. In February 2021, I put $188,000my life savingsinto Dogecoin. The biggest blessing from all this is the online community I've built. After the major currencies hit all-time highs in May a single Bitcoin peaked at around $65,000 theyve been dropping rapidly, with a Bitcoin now worth less than half that. "Up until yesterday, I had been a millionaire, if bitcoin and ethereum weren't also [hit], I'd be worried." -Glauber Contessoto, 33 "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 its boost, Dogecoins price kept on fluctuating, but Contessoto remained optimistic and was quite confident in holding for the long-term. "Day afterday after day, it was like, one scam, one day, two hacks the next day.". Net Worth: Relationship: Single Kids: Edit this Information. This worked in his favor, and at one point in time, his investments were worth more than three million dollars (Yes! "Until I reach my goal, I'll continue to buy, hold and 'diamond hand' it. Then I started getting a lot of hate. Young people seem to enjoy taking what we would call contrarian positions that bet against the wisdom of Wall Street, Yermack said. Glauber Contessoto put all his money into Dogecoin. Crypto is highly volatile. An 85-year Harvard study found the No. Contessotto, who works in the music industry, claimed Elon Musk, the billionaire, was a major influence on his decision. As to why Dogecoin and cryptocurrency is in its current state? 82 posts. 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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. So, I followed my heart. The developers behind the coin wanted to make a silly cryptocurrency with no real valueand even based its image on a popular internet meme. He flew to the United States at the age of 6 with his family and resided in Suburban, Maryland. 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. Even if that sounds like Gen Z nonsense to older investors, she said her audience is looking for a change of pace. SlumDoge Millionaire," Glauber Contessoto declares to his hundreds of thousands of followers online. Investorscould get burned, and in turn, should only invest what they can afford to lose. 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The coin hit 16 cents Tuesday morning before inching up to 17 cents. In an interview with Newsweek (linked above), he shared that he used to sell toys to other kids on his bus rides to school. "Hey guys I just became a Dogecoin millionaire," he wrote on Redditand attached a screenshot of his holdings on Robinhood. 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. #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. 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. This volatility is why experts warn that Crypto . That changed somewhat when I decided to start doing collaborations, sponsorships, ads and promos for other cryptocurrencies and other projects. I enjoy writing about sports news, business, scholarship programs, and movies, among other topics. The 33-year-old tells CNBC Make It that he decided to invest in Dogecoin after learning about it on Reddit. 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. The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. But what if I tell you that Mr. Glauber Contessoto did just that without taking into account the risks associated with the investment. Last month his holdings touched $2 million. But, "if it drops below 20 cents next week, I'll buy the dip again," Contessoto says. Contessoto himself also tells his followers not to invest more than they could afford to lose. People are just on the side lines asking: "When do we jump in?". Even in May, when the value of his holdings surpassed $2 million, he still didn't budge. "Woo-wee, a bloodbath, right? 18.9K followers. (Updated). 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. But crypto investor Cooper Turley, 26, said its only a matter of time before alternative currencies are completely mainstream. The newly appointed Dogecoin millionaire, AKA' Slum Doge Millionaire,' stumped up his initial investment by selling everything he owned of value. Once I put it all out there, I even had people messaging me apologizing for saying mean things to me before. BuyBlockchain.net . 5.8M subscribers in the CryptoCurrency community. And he still hasn't sold any. 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? All Rights Reserved. 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. Two months later, in April, he became a. The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. But the volatile meme coin has since dippedand hes no longer a Dogecoin millionaire. Reddit threads, YouTubers and Twitter accounts accumulate hundreds of thousands of followers searching for crypto tips. * 2022 Insider Inc. and finanzen.net GmbH . When I'm not creating content, I'm most often playing chess. Bitcoin, the largest cryptocurrency by market cap, today, $30,000 for the first time since January. I didn't sell any. The price of Dogecoin has dropped to $0.264 at the time of publishing, but Contessoto . In addition, Contessoto shared in recent a YouTube video that he's selling his own beard cream lineup called the "Diamond Hand." Contessoto, who works in a music company, refuses to sell his investment in dogecoin despite losing $167,000 in one day. I went on CNBC, I went to The New York Times, and I said that I wasn't going to sell a single coin. . By May 2021, Glauber Contessoto assets had grown to 2 . $3 million). Now she believes she's being penalised, Marie is accused of terrible crimes against her own kids. In April 2021, Contessoto told CNBC's "Make It. The top cryptocurrencies by market value, including bitcoin and ether, are plunging on Tuesday amid a sell-off. He is known on YouTube as The Dogecoin Millionaire and he is known on Instagram as @ProTheDoge. Whatever Happened To The Dogecoin Millionaire. Since then I have kept every single coin. 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). WIN Price Prediction 2023, 2024, 2025 till. Glauber Contessoto, who is also known as 'Dogecoin millionaire', became famous after sharing his Dogecoin portfolio on Reddit. According to a tweet Contessoto published, the move comes in . 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). What is Maker? 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. 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. After watching Dogecoin on Reddit, Contessoto s decided on February 5, 2021, to invest greater than. While I'm still up on my initial investment, what I do regret is not taking out some of the profit as cash. Maren Altman, 22, has reached full-blown influencer status by billing herself as a crypto astrologist.. The more he held on, the bigger the internet . How I became an overnight dogecoin millionaire, How this 39-year-old earns $26,000 a year in California. Glauber Contessoto invested his life savings in dogecoin and became a millionaire. Investorscould get burned, so they should invest only what they can afford to lose. Get all the top stories from Crypto Bulls Club to keep track. Contessoto was intrigued by dogecoin for a few reasons. Glass Onion: Whats the inbreathiate meaning? 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. 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. On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. He's hopeful it will hit $1 by the end of the year. 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 Dogecoin Millionaire also known has SlumDOGE Millionaire on Twitter has been able to amass over 31k followers on the online microblogging platform. Glauber Contessoto Reddit account is iUsedToCallDogeDodge. 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. 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. I had this mindset, I had this conviction, which I still do, about those coins. Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. Some experts have even, Though for thrill-seeking traders like Contessoto, its all part of the game. Glass Onion: Whats the Pisceshite Island? Still, Contessoto's outlook on dogecoin remains extremely bullish. Know this before dealing, No Aiden People are reacting to a viral TikTok video featuring a toddler, This is awful, Its In My Legs Guys Try Period Pain Simulator, We Loving Kandi And Tiny If I Get Caught Cover. "It has no underlying intrinsic value. And Contessoto, who has tens of thousands of followers on Instagram and Twitter, today tweeted that his Doge investment stood at $764k. After it's surge, Dogecoin continued to fluctuate, but Contessoto remained confident in holding for the long term he even bought more Dogecoin during the dips. And the main reason that people invest in cryptocurrency is because they believe that there's a greater fool out there. "You risk losing nearly all the money you put in," James Ledbetter, editor of fintech newsletter FIN andCNBC contributor, previously told CNBC Make It. It's like Jay-Z said: "First they love me, then they hate me, then they love me again.". We know that Glauber is single at this point. Some say cryptocurrency is the future of money, and the technology it's built on is destined to revolutionise the internet and the society. Glauber Contessoto put everything he had into Dogecoin, a highly volatile cryptocurrency that was originally invented as a joke. But his risks paid off. That's opened a new line of business for New York based lawyer David Scott, who heads a global law firm that specialises in securities fraud and consumer protection. Soon, it was announced that he had become a millionaire. He said that young investors also appreciate that crypto feels a little bit renegade. Glauber Contessoto 33 Dogecoin All-in Dogecoin . The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. Everyone Practices Cancel Culture | Opinion, Deplatforming Free Speech is Dangerous | Opinion. We at cryptobullsclub.com use cookies to personalise ads and to analyse our traffic. But I still get a lot of hate from people. Instead, he earns a fair amount by selling merchandise on his website. 18.9k Followers, 120 Following, 82 Posts - See Instagram photos and videos from Glauber Contessoto (@prothedoge) 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. Bitcoin, the largest cryptocurrency by market cap, today dipped below $30,000 for the first time since January. ", Despite the dogecoin price today being nowhere near its previous all-time high, the "dogecoin millionaire" still refuses to sell his meme-inspired cryptocurrency. They thought he was risking too much by investing in this joke coin. After days of research,Contessoto then poured all his savings into it, even resorting to borrowing money through margin investing. . All Rights Reserved. "It's a joke coin. Glauber Contessoto, 33, became a dogecoin millionaire after investing his life savings, $250,000, into the cryptocurrency when it was at $0.045. Gotta love the conviction. But 33-year-old Los Angeles resident Jaysn Prolifiqlegally known as Glauber Contessototold Newsweek he does not regret hanging on to his . 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