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. 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. 14.27 on July 22 morning An 85-year Harvard study found the No. Their extreme volatility is one reason experts say that crypto is a risky, speculative investment. The 33-year-old tells CNBC Make It that he decided to invest in Dogecoin after learning about it on Reddit. 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. Glass Onion: Whats the inbreathiate meaning? 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. Glauber Contessoto while speaking to CNBC explained how the Reddit community and Elon Musk inspired his bold decision and how that has paid off. Depending on what happens in the coming months, he believes the price could rise. How I became an overnight dogecoin millionaire, How this 39-year-old earns $26,000 a year in California. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6. (Full Story) By. "I can't pass up a good bargain," Contessoto said. Some might argue - time will tell. Some experts have even said that we are now entering a bear market. I'm still optimistic though. 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. Follow. ", "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. 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. 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. "Imagine the influence that she has," Mr Scott said. "But with gambling, there's regulation involved, the casinos can't just take your money and run away with it. 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. The leading community for cryptocurrency news, discussion, and analysis. He worked twice his strength to have a place of his own. Glauber Contessoto, que mora nos EUA e f de hip hop . I've been passionate about self-development and always loved to read biographies. Glauber Contessoto is 33 years old at the time of writing this report. I feel like the war in Ukraine is a big reason. 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. "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. However, the crypto market is now in the doldrums and has been so after Bitcoin, "the main cryptocurrency" to which all . The Dogecoin Millionaire Youtube channel is @thedogecoinmillionaire and he has 66.9K subscribers. Save my name, email, and website in this browser for the next time I comment. Last month his holdings touched $2 million. Putting Dogecoin as a better candidate for being the number 1 crypto ahead of Bitcoin and Ethereum. I think the guy is a genius, Contessoto said of Musk in aCNBC interview. All of those things are now a lot easier to do because of cryptocurrency.". The biggest blessing from all this is the online community I've built. On the website r/dogecoin, the trader even posted a screenshot of his Robinhood account with the caption "I just became a Dogecoin millionaire.". The 33-year old crypto enthusiast put everything at stake but soon got remunerated as Dogecoins worth increased during the first half of 2021. "It's getting crazy in this crypto market, right? That's when he announced that he had become aDogecoin millionaire. A dollar invested in Dogecoin on Jan. 1 would be worth $203 today much more than a comparable investment in . He said that he strongly believed in Dogecoins potential and that it could help him build wealth to pass on to his family. Join half a million readers enjoying Newsweek's free newsletters. A Division of NBC Universal. 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? As to why Dogecoin and cryptocurrency is in its current state? Since then I have kept every single coin. Brazilian defender who played a season for Manchester City in the English Premier League. Glauber Contessoto, 33, became a dogecoin millionaire after investing his life savings, $250,000, into the cryptocurrency when it was at $0.045. In #Dogecoin. 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. He no longer works at the music company in Los Angeles. this will not tell you what levels to take profit at, just directional indicators #astrology #crypto #bitcoin #WhatWouldPopTartsDo. 82 posts. Read the latest news, events, reviews, videos, technical analysis and guides around crypto. Glauber Contessoto took a big risk on dogecoin, a meme-inspired cryptocurrency that began as a joke, earlier this year. Whatever Happened To The Dogecoin Millionaire. Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. He currently resides in Brazil. But the big thing was being a part of the Dogecoin community. His net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. A rash . While casually browsing Reddit, a post about Dogecoin attracted his attention. The housing market is likely another; I feel like we're in a bubble with that. A young Australian tech marketer, Jackson Palmer, co-founded it to mock and satirise the hype about crypto. I feel like when the next cryptocurrency bull run happens, everyone will have a cryptocurrency wallet ready. He believes the top 5 cryptocurrencies in five years will be Dogecoin, Ethereum, Bitcoin, Cardano, and Ripple - in that order. Kardashian's post brought in new investors and pumped up the volume of trading. If I dont have a lot to start out with, theres not as much to lose.. Contessoto was intrigued by dogecoin for a few reasons. Dogecoin was invented in 2013 to poke fun at Bitcoin. 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. Nonetheless, Contessoto's plan remains the same: "Once I hit $10 million, then I'll take out 10%. Everyone can own Dogecoin, it's cents on a dollar," Mr Contessoto recalled. Its an act of rebellion against traditional methods of investment and business. 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. Glauber Contessoto Instagram (IG) is @prothedoge. Glauber Contessoto Tweet. Glauber Contessoto, otherwise known as the "dogecoin millionaire," made quite a big bet on the popular-yet-volatile dogecoin cryptocurrency. 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. He told Insider that he believes cardano will be "blockchain 3.0" and is buying the ada token. "It felt like people were being just taken for a ride," she said. Glauber Contessoto, 33, invested all of his funds into dogecoin, a meme-inspired cryptocurrency that has seen a significant increase in value this year. Better still, don't spend it at all - save it instead. Since then its value has declinedthough he's still optimistic. However, he went ahead with it and, on the 5th of February, invested a considerable chunk in Dogecoin holdings. Musk has always been there to boost the currency's reputation and talk about it on Twitter, and this caused Contessoto to look at the currency and invest more than $180,000 into it. Courtesy Glauber Contessoto. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. Contessoto 202140.72Contessoto18200 ""dogecoin millionaireContessoto16 Contessoto Contessoto"" Losing A 6-Figure Sum In Dogecoin Worth Within 24 Hours. 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. Hes convinced that the next corporate juggernauts the future Apples and Googles of the world are going to be crypto-based, with younger leaders spearheading new ways to reach potential consumers. 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.). Contessoto investeerde naar eigen . Your email address will not be published. One of them is just more plainly based in the shared belief that a silly dog token will go up in value.". Mr Stark is also concerned is that cryptocurrency is facilitating crime. When finalizing the deal, the company asked if he'd prefer to be paid in U.S. dollars or crypto. Gotta love the conviction. I enjoy writing about sports news, business, scholarship programs, and movies, among other topics. The 'SlumDoge Millionaire' made it big with crypto. Investorscould get burned, and in turn, should only invest what they can afford to lose. She also offers a CryptoCharted newsletter for $20 per month. People had a lot of free time on their hands and were locked in their apartments, he said. Your email address will not be published. had left him in 2011, when the price of bitcoin was approximately $10, in the cryptocurrency. And somewarn to be especially cautious when investing in dogecoin in particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. Source: Twitter. Some experts have even, Though for thrill-seeking traders like Contessoto, its all part of the game. On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. "I don't typically refer to cryptocurrencies as investments because I see them a lot more like gambling," she told Four Corners. But despite the surge in value of the coin, rising more than 12,000% from January to its peak in May, Contessoto didnt cash out. 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. As the New York Times magazine reports, Glauber Contessoto, 33 years old, made his initial investment in the blockchain technology in February 2020. What is the Basketball Player J.R. Smiths Net Worth? However, this all changed whenContessoto first learned about dogecoin on Reddit. Today, Dogecoin was trading at $0.19, a 40% decline in value from last week. "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. Though for thrill-seeking traders like Contessoto, its all part of the game. Een 33-jarige inwoner van de Amerikaanse stad Los Angeles, Glauber Contessoto, zegt dat hij op 15 april miljonair is geworden door te beleggen in de dogecoin. ", 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.". Cryptobullsclub is a trusted Indian crypto community followed by crypto traders and investors all over the world. Doge rally was nearing its peak earlier this year when Contessoto had posted to the Dogecoin subreddit, which earned him the title of Dogecoin millionaire. Between hissavings and borrowed funds, Contessoto said, heinvested over $250,000 in dogecoinon Feb. 5 when it was priced at about 4.5 cents. On April 15th, it reached a new peak of about $0.45, bringing Contessoto's DOGE holdings to $1,081,441.29. 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. Even in May, when the value of his holdings surpassed $2 million, he still didn't budge. However, he was familiar with cryptocurrency but was highly fascinated with its marketing strategy. 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. Gen Z and millennial investors are flocking to buy shares of cryptocoin, such as Bitcoin or Ethereum, with the hopes of winning big. 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. Glauber Contessoto has now turned his attention, Cardano. But, "if it drops below 20 cents next week, I'll buy the dip again," Contessoto says. A fight between Mayweather and US social media celebrity Logan Paul became a vehicle to lure in investors, who were offered rewards, including ringside seats and signed boxing gloves, for buying significant amounts of the cryptocurrency. "They're not all that different. The top cryptocurrencies by market value, including bitcoin and ether, are plunging on Tuesday amid a sell-off. But investor Glauber Contessoto, whose dogecoin holdings previously surpassed a value of $1 million, isn't worried. 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). 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. 2023 Benzinga.com. Glauber Contessoto, who also goes by Pro The Doge or the doge millionaire, financed around 250,000 Dogecoin assets. 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. 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. But what if I tell you that Mr. Glauber Contessoto did just that without taking into account the risks associated with the investment. Theyre not so interested in underlying economics, but [rather] the chance of a very rapid, high gain, or a very rapid, sharp loss.. 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. "You risk losing nearly all the money you put in," James Ledbetter, editor of fintech newsletter FIN andCNBC contributor,previously toldCNBC Make It. And he still hasn't sold any. Somewarn investors to be especially cautious when investing in dogecoinin particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. "I believe it's one big Ponzi scheme," he told Four Corners. he said on the video, "and I'm going to keep on holding it.". "I'm a long-term holder, you guys know that, know what I'm saying, diamond hands?" "Fortune favours the brave," actor Matt Damon opined. 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. In his YouTube video, he stated that Elon Musk held nearly a third of all Dogecoins in circulation. Glauber Contessoto, a music company employee plunged his entire $180,000 savings into Dogecoin in February. And the main reason that people invest in cryptocurrency is because they believe that there's a greater fool out there. That was worth more than $7,000 at the time I interviewed them together. We send memes to each other all the time, it's just the way that we communicate, and Generation Z.". "Doge is my savings account.". "And he posted a picture of a rocket to the moon, Dogecoin to the moon.". The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. 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. 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. Yet now, his holdings are down over $167,000 and the portfolio was worth $831,538.88. 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. The irony of all this is that Dogecoin was meant to be a joke. After its boost, Dogecoins price kept on fluctuating, but Contessoto remained optimistic and was quite confident in holding for the long-term. So, I followed my heart. Glauber (born August 5, 1983) is famous for being soccer player. He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin. "Day afterday after day, it was like, one scam, one day, two hacks the next day.". 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. 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. Social media plays a role in cryptocurrency investments, for both people who are looking to invest, as well as content creators who use it to guide others investment decisions. IF I CAN HODL YOU CAN HODL!!! He's hopeful it will hit $1 by the end of the year. It's getting sweaty in here; you know what I'm saying?". Glauber Contessoto, who is also known as 'Dogecoin millionaire', became famous after sharing his Dogecoin portfolio on Reddit. . But I still get a lot of hate from people. Some say cryptocurrency is the future of money, and the technology it's built on is destined to revolutionise the internet and the society. Four months earlier, when he bought in, Dogecoin was priced at around 4.5 cents. Savings into Dogecoin in February has made people like Contessoto, 33, invested over 250,000. 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