A Division of NBC Universal. 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. "You risk losing nearly all the money you put in," James Ledbetter, editor of fintech newsletter FIN andCNBC contributor,previously toldCNBC Make It. HONEST review, Cup Loan Program Application Legit or Scam? Gotta love the conviction. An 85-year Harvard study found the No. But as we all know, cryptocurrencies have been undergoing a lull lately. As a matter of fact, during the dips, he even bought more Dogecoins. Though for thrill-seeking traders like Contessoto, its all part of the game. Whatever Happened To The Dogecoin Millionaire. "Until I reach my goal, I'll continue to buy, hold and 'diamond hand' it. They are expected to actually play a game, and the odds should be about what they say they are. Once I put it all out there, I even had people messaging me apologizing for saying mean things to me before. Pero la voltil moneda meme ha cado desde entonces y l ya no es millonario Dogecoin. An 85-year Harvard study found the No. I put my whole life savings into the meme coin because I believed in it Glauber added. So far, her record is a bit uneven. Glauber Contessoto is 33 years old at the time of writing this report. The 'SlumDoge Millionaire' made it big with crypto. 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. Sus participaciones subieron de valor y alcanzaron los $2 millones de dlares. Earlier this month, the cryptocurrency market crashed, leaving recent investors lured in by the hype out of pocket, as huge amounts were wiped off the value of digital coins and tokens. Would-be Dogecoin millionaire Glauber Contessoto is convinced that DOGE is a HODL even after the crypto token's price crashed further this week. The meme-induced cryptocurrency that was created as a joke back in 2013 based on the Doge meme of a dog breed Shiba Inu, rocketed to about 73 cents on 8 May, and the value of Contessotos holdings exceeded $2 million. Theyre not so interested in underlying economics, but [rather] the chance of a very rapid, high gain, or a very rapid, sharp loss.. Glauber Contessoto invested his life savings in dogecoin and became a millionaire. Contessoto 202140.72Contessoto18200 ""dogecoin millionaireContessoto16 Contessoto Contessoto"" He plans to buy more of the digital coin and "hodl" for the long haul. Their extreme volatility is one reason why experts warn that it's a risky, speculative investment. (Updated). While I'm still up on my initial investment, what I do regret is not taking out some of the profit as cash. He no longer works at the music company in Los Angeles. IF I CAN HODL YOU CAN HODL!!! Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6.. I had this mindset, I had this conviction, which I still do, about those coins. I'd be sitting at a profit, and I would be able to just see where the market goes before investing again. As Musk ramped it up, that's where Dogecoin headed; Mr Contessoto's gamble paid off. Read about our full privacy policy here: Privacy Policy. Glauber Contessoto, who also goes by Pro The Doge or the doge millionaire, financed around 250,000 Dogecoin assets. The Los Angeles resident reportedly exhausted all of his personal savings on dogecoin, according to Newsweek. He's hopeful it will hit $1 by the end of the year. The developers behind the coin wanted to make a silly cryptocurrency with no real valueand even based its image on a popular internet. As of around 12:00 p.m. EST on Tuesday, his dogecoin holdings are worth around $931,689. From Formula One to football, there is hardly a sporting code these days that's not sponsored by the cryptocurrency industry. When I'm not creating content, I'm most often playing chess. 506 votes, 440 comments. His holdings went up in value and touched $2 million. Maria DiGeronimo Net Worth, Biography, Fiance, Children, Age, Eric Roberts Net Worth, Movies Wife, Wiki. In July, Contessoto said he bought more Dogecoins worth $5,300 (roughly Rs 3.94 lakhs). Follow. "It has no intrinsic value and it could just as easily come crashing down in price as continue to go up.". He claims to have become a dogecoin millionaire on paper two months later, in April. I didn't sell any. As of around 2:50 p.m. EST on Tuesday, his dogecoin holdings were worth $700,217.09. At. "It felt like people were being just taken for a ride," she said. . Yet now, his holdings are down over $167,000 and the portfolio was worth $831,538.88. I enjoy writing about sports news, business, scholarship programs, and movies, among other topics. Glauber Contessoto 33 Dogecoin All-in Dogecoin . "Up until yesterday, I had been a millionaire, if bitcoin and ethereum weren't also [hit], I'd be worried." -Glauber Contessoto, 33 Required fields are marked *. 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. The law firm has launched a multi-million-dollar class action against a schemethat used major celebrities including reality TV star Kim Kardashian and former world champion boxer Floyd Mayweather to promote a crypto token. Amid the rout, Mr Contessoto was counting the cost. People are just on the side lines asking: "When do we jump in?". Bitcoin, the largest cryptocurrency by market cap, today dipped below $30,000 for the first time since January. But investor Glauber Contessoto, whose dogecoin holdings previously surpassed a value of $1 million, isn't worried. Ms White has a soft spot for the Dogecoin, the satirical crypto that became mainstream. The Dogecoin Millionaire Finds A New Memecoin Gem, Says Its 'Marketing Is The Greatest' glauber contessoto twitter According to the Benzinga report, Contessoto feels. Source: Twitter. He told Insider that he believes cardano will be "blockchain 3.0" and is buying the ada token. Contessoto himself also tells his followers not to invest more than they could afford to lose. Get all the top stories from Crypto Bulls Club to keep track. We're also seeing murmurs of a recession coming up soon. , said in his tweet that he will continue to HODL (a purposeful misspelling of hold). Dogecoin was invented in 2013 to poke fun at Bitcoin. 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. Glauber Contessoto puso todo lo que tena en Dogecoin, una criptomoneda muy voltil que se invent originalmente como una broma. I feel like honesty is the best policy, and I show my portfolio at the end of every single one of my videos, so people know exactly where I'm at. Join the tribe of 1000+ members now. Your email address will not be published. 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 $167,000 overnight. Glauber Contessoto took a big risk on dogecoin, a meme-inspired cryptocurrency that began as a joke, earlier this year. Now, with dogecoin trading around 17 cents, he continues to buy the dip. Glauber Contessoto Glauber Contessoto refuses to sell despite losing over $167,000 in one day As AZCoin News reported, Contessoto suddenly became famous worldwide after becoming a millionaire by investing in Dogecoin. 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. Glauber Contessoto, 33, invested all of his funds into dogecoin, a meme-inspired cryptocurrency that has seen a significant increase in value this year. However, he is looking forward to growing his brand online. When Four Corners caught up with him, he was making a video promoting "Doge-apalooza", a festival dedicated to Dogecoin. MKR Price Prediction 2023, What Is Staking In Cryptocurrency? $3 million). Join half a million readers enjoying Newsweek's free newsletters. Altcoins, which typically follow Bitcoin sell-offs, have followed. On April 15th, it reached a new peak of about $0.45, bringing Contessoto's DOGE holdings to $1,081,441.29. Glauber Contessoto, a music company employee plunged his entire $180,000 savings into Dogecoin in February. Meanwhile, however, the entire crypto market is suffering at the moment. All views expressed in this article are the author's own. In a tweet, Contessoto celebrated his one-year anniversary since becoming a millionaire albeit momentarily and insisted that he's "just getting started.". How Glauber Contessoto Became Known as the 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. The housing market is likely another; I feel like we're in a bubble with that. In fact, he claimed that he actually "grew up really poor" (via CNBC). 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). "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.". 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. Yesterday, he announced to the Reddit community that he is now a Crypto millionaire. ", Investors are mounting big bets against these 2 A.I. "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. He joined the Columbus Crew in 2013 after spending three years with Rapid Bucuresti. "Fortune favours the brave," actor Matt Damon opined. It was a meme-fueled cryptocurrency that rose in value in the first half of 2021. Glauber Contessoto is a crypto trader who rose to fame as a Dogecoin millionaire. #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. Glauber Contessoto twitter is @ProTheDoge. 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. Please learn about the complete disclosure here: Disclosure. 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. Mr Scott describes it as a cryptocurrency version of an old-style stock market manipulationtailored to the zeitgeist. It was at once a show of faith and a marketing strategy. 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. He currently resides in Brazil. Contessoto, 33, invested in Dogecoin last February, according to the New York Times report. Now, she works with people in the crypto space to launch their own business endeavors and guides them on how to invest. "It's a joke coin. 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. If I dont have a lot to start out with, theres not as much to lose.. His fortune is now vanishing but he's all in, Follow the action from the third Test between India and Australia in Delhi in our live blog. According to the Benzinga report, Contessoto feels Dogecoin will "be every newcomers' bridge" into cryptocurrency in the years to come. 14.27 on July 22 morning Mr Stark is also concerned is that cryptocurrency is facilitating crime. 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 $25,000 in it. Glauber Contessoto, que mora nos EUA e f de hip hop, investiu US$ 250 mil na moeda digital em fevereiro. 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). "They're not all that different. "So, I figured, okay, this is going to be the next play," he said. "I call it the language of the millennials, memes. But what if I tell you that Mr. Glauber Contessoto did just that without taking into account the risks associated with the investment. He worked twice his strength to have a place of his own. "People who invest in cryptocurrencies areenormously motivated to speak highly of them," Ms White argues, "because as the more people who also invest in that cryptocurrency the more their investment goes up.". A Division of NBC Universal. It's getting sweaty in here; you know what I'm saying?". "That's about six months salary at my old job," Contessoto says. 18.9K followers. Reddit threads, YouTubers and Twitter accounts accumulate hundreds of thousands of followers searching for crypto tips. Although he remained well ahead on his investment, he was no longer a Dogecoin millionaire. As the New York Times magazine reports, Glauber Contessoto, 33 years old, made his initial investment in the blockchain technology in February 2020. 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. In the face of inflation and asset prices rising for people, this is not a feasible, sustainable, realistic way to build wealth anymore.. Investorscould get burned, so they should invest only what they can afford to lose. Whats Quick card san diego charge on credit card? 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. Whatever happens in the short-term doesnt matter to me because Im looking to hodl dogecoin for years to come. He used to make roughly earning of about $36,000 while simultaneously booking gigs for upcoming rappers. 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. "I see Dogecoin as more honest about what it actually is," she said. Depending on what happens in the coming months, he believes the price could rise. 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