Save my name, email, and website in this browser for the next time I comment. Blood in the streets, right?" he told his many online followers in a video. 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. 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Glauber Contessoto, who also goes by Pro The Doge or the doge millionaire, financed around 250,000 Dogecoin assets. But I feel like that would probably be the most cowardly move that I could ever make. By May 2021, Glauber Contessoto assets had grown to 2 . Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6.. 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. When . Glauber Contessoto's dogecoin holdings on Robinhood as of July 20 at 2:50 p.m. EST. Last month his holdings touched $2 million. "They're not all that different. Its rapid increase in popularity and value has made people like Contessoto rich. Turley, who lives in Los Angeles and works in crypto strategy at a streaming app, claims hes made millions in the crypto market. Get all the top stories from Crypto Bulls Club to keep track. But I'm still trying to make money, I still need to make a living. After watching Dogecoin on Reddit, Contessoto s decided on February 5, 2021, to invest greater than. "I can't pass up a good bargain," Contessoto said. Dogecoin was invented in 2013 to poke fun at Bitcoin. But fast forward to today and the cryptocurrency is the seventh-most valuable out there, with a market cap of over $25 billion. Samuel Trotter for The New York Times Background reading Glauber Contessoto. Analysts reveal potential A.I. At. "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.". In the volatile cryptocurrency market, you don't need to be on the end of a scam to lose money. Pro the Doge here, A.K.A. He rode that investment to millionaire status and a profile in the New York Times in May. 18.9K followers. I STILL BELIEVE IN #DOGECOIN, he. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6. Then I started getting a lot of hate. She had considered crypto and the blockchain technology on which it's built of marginal interest, until she noticed, and began to chronicle, the number of scams, hacks and frauds being perpetratedin the crypto sphere. "That's about six months salary at my old job," Contessoto says. On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. Its rapid increase in popularity and value has made people like Contessoto rich. Glauber Contessoto puso todo su dinero en Dogecoin. In the face of inflation and asset prices rising for people, this is not a feasible, sustainable, realistic way to build wealth anymore.. And somewarn to be especially cautious when investing in dogecoin in particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. The Dogecoin millionaire told CoinStats that he sold his Tesla and Uber stocks and gathered $250,000 with the help of Robinhood's margin investment feature, subsequently investing all of it into the memecoin. Mr Stark is also concerned is that cryptocurrency is facilitating crime. Los Angeles-based Glauber Contessoto became a millionaire on April 15, 2021, 69 days after investing his life savings - over $250,000 in dogecoin in February. Glauber Contessoto is 33 years old at the time of writing this report. 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. 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. We send memes to each other all the time, it's just the way that we communicate, and Generation Z.". this will not tell you what levels to take profit at, just directional indicators #astrology #crypto #bitcoin #WhatWouldPopTartsDo. According to a tweet Contessoto published, the move comes in . Whats really exciting about crypto is that for the first time in history, we can place a financial value on social capital.. Contessoto has built an online following due to his Dogecoin journey. Other people are telling me to stay strong, others sharing their stories. The top cryptocurrencies by market value, including bitcoin and ether, are plunging on Tuesday amid a sell-off. Their extreme volatility is one reason experts say that crypto is a risky, speculative investment. He plans to buy more of the digital coin and "hodl" for the long haul. Even in May, when the value of his holdings surpassed $2 million, he still didn't budge. The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. Amid the rout, Mr Contessoto was counting the cost. 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. 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 a tweet in April, he claimed to be the "first Dogecoin millionaire of 2021." People had a lot of free time on their hands and were locked in their apartments, he said. Since then I have kept every single coin. Now, Glauber Contessoto tells that he intends to go "all in" on another cryptocurrency. Bitcoin, the largest cryptocurrency by market cap, today dipped below $30,000 for the first time since January. An 85-year Harvard study found the No. In April, my investment had risen to over $1 million. 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. 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.). Read about our full privacy policy here: Privacy Policy. The cryptocurrency, along with many others, has dived in value in recent weeks. Read the latest news, events, reviews, videos, technical analysis and guides around crypto. 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. About two months later, on April 15, he says he became a dogecoin millionaire on paper. 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. 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. 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. "It's a joke coin. Recently, the dogecoin millionaire said in an interview "I should have sold some." Damn right, mate. Glauber Contessoto, 33, became a 'dogecoin millionaire' after investing his life savings, or $250,000, into the cryptocurrency. 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. The coin hit 16 cents Tuesday morning before inching up to 17 cents. , said in his tweet that he will continue to HODL (a purposeful misspelling of hold). He is known on YouTube as The Dogecoin Millionaire and he is known on Instagram as @ProTheDoge. (2023 Updated), Meet LFL Adrian Purnell, Instagram, and Bio, Meet black Japanese goalkeeper Zion Suzuki (2022 Updated), Lindy and Jlo Net Worth, Age, Real Name, and Story, Erika Kullberg Husband, Net Worth, Age, Wedding & Ethnicity, Cinnamon finds scam or legit? Contessoto invested over 250,000 in Dogecoin holdings on February 5, and two months later, he later claimed that he became a Dogecoin millionaire. 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. HONEST review, Cup Loan Program Application Legit or Scam? Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. 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. "I'm a long-term holder, you guys know that, know what I'm saying, diamond hands?" But, "if it drops below 20 cents next week, I'll buy the dip again," Contessoto says. "Fortune favours the brave," actor Matt Damon opined. ", Despite the dogecoin price today being nowhere near its previous all-time high, the "dogecoin millionaire" still refuses to sell his meme-inspired cryptocurrency. Glauber Contessoto, a music company employee plunged his entire $180,000 savings into Dogecoin in February. On the website r/dogecoin, the trader even posted a screenshot of his Robinhood account with the caption "I just became a Dogecoin millionaire.". All rights reserved. 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. 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. #DiamondHands this is the way #dogecoin we will rise again, the tweet read. 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. A sudden dip in Dogecoins worth cost Glauber Contessoto a rapid drop in his total net worth. Everyone can own Dogecoin, it's cents on a dollar," Mr Contessoto recalled. It's getting sweaty in here; you know what I'm saying?". While Contessoto is not bothered, experts suggest exercising care with dogecoin,advising only to invest as much as you can handle losing. "What's going on guys? However, Contessoto had recently lost $167,000 in a day when Dogecoin faced a massive drop in its value. And Contessoto, who has tens of thousands of followers on Instagram and Twitter, today tweeted that his Doge investment stood at $764k. Cryptocurrency gained traction with the emergence of Bitcoin 12 years ago, and has since grown to include more than 10,000 types of coins. Mr Contessoto has the kind of rags to riches tale that has drawn many people to cryptocurrency. "Woo-wee, a bloodbath, right? Dogecoins rise over the last year is partly down to Tesla CEO Elon Musk, one of the richest men in the world, who has said it is his favorite crypto and has influenced its wild price swings with his tweets. However, this all changed whenContessoto first learned about dogecoin on Reddit. Follow. 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. As a teenager, he developed a strong liking for hip-hop music and decided to pursue his career in this direction after school. However, the crypto market is now in the doldrums and has been so after Bitcoin, "the main cryptocurrency" to which all . He said that young investors also appreciate that crypto feels a little bit renegade. Glauber Contessoto took a big risk on dogecoin, a meme-inspired cryptocurrency that began as a joke, earlier this year. 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. So in 2019, he started investing in renowned companies like Uber and Tesla on Robinhood, which is a commission-free trading app. "And he posted a picture of a rocket to the moon, Dogecoin to the moon.". 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. "It's getting crazy in this crypto market, right? . Somewarn investors to be especially cautious when investing in dogecoinin particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. 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. Gen Z and millennial investors are flocking to buy shares of cryptocoin, such as Bitcoin or Ethereum, with the hopes of winning big. The irony of all this is that Dogecoin was meant to be a joke. ", Investors are mounting big bets against these 2 A.I. Glauber Contessoto, 34, lives in Las Vegas, Nevada. 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. 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. 82 posts. As Musk ramped it up, that's where Dogecoin headed; Mr Contessoto's gamble paid off. I'm here for the long run, and if the ship goes down, I'm going down with the ship. "Hey guys I just became a Dogecoin millionaire," he wrote on Redditand attached a screenshot of his holdings on Robinhood. IF I CAN HODL YOU CAN HODL!!! "They were all like, you're crazy," he said. He now has more than $800,000 in Doge. How Glauber Contessoto Became Known as the Dogecoin Millionaire. 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. In addition, Contessoto shared in recent a YouTube video that he's selling his own beard cream lineup called the "Diamond Hand." Please DYOR before investing. Lynne Austin Net Worth, Height, Bio, Birthday, Wiki, Stephen Burrows Net Worth, Height, Bio, Birthday, Wiki, Ian Brennan Net Worth, Height, Bio, Birthday, Wiki, HotshotGG Net Worth, Girlfriend (LilyPichu), Biography. 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. Last month his holdings touched $2 million. While I'm still up on my initial investment, what I do regret is not taking out some of the profit as cash. Columbia, MD, is where Glauber Contessoto lives today. An 85-year Harvard study found the No. Thanks for contacting us. People are just on the side lines asking: "When do we jump in?". "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. 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. I enjoy writing about sports news, business, scholarship programs, and movies, among other topics. Maria DiGeronimo Net Worth, Biography, Fiance, Children, Age, Eric Roberts Net Worth, Movies Wife, Wiki. "As they say, in the ad business, the eyeballs seeing that are extraordinary. Whatever Happened To The Dogecoin Millionaire. At the Superbowl, the championship playoff of America's National Football League, hyper-expensive television advertising slots were taken up by rival cryptocurrency exchanges using celebrities to encourage people to dive in. And he still hasn't sold any. Courtesy of Glauber Contessoto and Rodrigo Ramos. 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). "Woo-wee, a bloodbath, right? 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. We know that Glauber is single at this point. ", 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. Glauber Contessoto, 33, invested all of his funds into dogecoin, a meme-inspired cryptocurrency that has seen a significant increase in value this year. 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 leading community for cryptocurrency news, discussion, and analysis. stocks, Salesforce results give CEO Benioff breathing room', Fast Money trader Steve Grasso said, Is ChatGPT the tip of the iceberg? But Altman said her clients are along for a wild ride. "It has no intrinsic value and it could just as easily come crashing down in price as continue to go up.". Started investing in renowned companies like Uber and Tesla on Robinhood, which is a risky, speculative.! Investor used all his savings and credit card debt to invest greater than his Net!, lives in Las Vegas, Nevada the New York Times in May, when the value of holdings... 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