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. Keeping up with his initial plan, Contessoto will sell around 10% of his holdings when his portfolio gets as far as a $10 million value, and the rest 90% will be left as it is- invested. Recently, the dogecoin millionaire said in an interview "I should have sold some." Damn right, mate. I STILL BELIEVE IN #DOGECOIN, he said on Twitter. But crypto investor Cooper Turley, 26, said its only a matter of time before alternative currencies are completely mainstream. All rights reserved. In the following weeks, it went to $2 million, then close to $3 million. I didn't sell any. That changed somewhat when I decided to start doing collaborations, sponsorships, ads and promos for other cryptocurrencies and other projects. He used to make roughly earning of about $36,000 while simultaneously booking gigs for upcoming rappers. A dollar invested in Dogecoin on Jan. 1 would be worth $203 today much more than a comparable investment in . Im truly not worried at the end of the day.. Gotta love the conviction. 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. Everyone Practices Cancel Culture | Opinion, Deplatforming Free Speech is Dangerous | Opinion. At the moment, there are ,00 Bitcoin owners . In the volatile cryptocurrency market, you don't need to be on the end of a scam to lose money. 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"I call it the language of the millennials, memes. "So, they literally paid me in dogecoin. Mr Stark is also concerned is that cryptocurrency is facilitating crime. "I can't pass up a good bargain," Contessoto said. He worked twice his strength to have a place of his own. And somewarn to be especially cautious when investing in dogecoin in particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. . He said that he strongly believed in Dogecoins potential and that it could help him build wealth to pass on to his family. He now has more than $800,000 in Doge. Contessoto was intrigued by dogecoin for a few reasons. I also calculated what I would have done in the stock market if I had just kept all my money in Tesla. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6. Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. Since, Contessoto has refused to sell, despite dogecoin's ups and downs. Courtesy Glauber Contessoto. We at cryptobullsclub.com use cookies to personalise ads and to analyse our traffic. All of those things are now a lot easier to do because of cryptocurrency.". . Glauber Contessoto puso todo su dinero en Dogecoin. Cryptobullsclub is a trusted Indian crypto community followed by crypto traders and investors all over the world. However, he is looking forward to growing his brand online. Mr Scott describes it as a cryptocurrency version of an old-style stock market manipulationtailored to the zeitgeist. However, Contessoto had recently lost $167,000 in a day when Dogecoin faced a massive drop in its value. [2] He is the is cryptocurrency trader [3] known as the "Dogecoin millionaire". He believes in his dog god and no one can tell him otherwise. 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. Yermack believes the pandemic only accelerated this trend. In a video Mr 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. "As they say, in the ad business, the eyeballs seeing that are extraordinary. In a tweet in April, he claimed to be the first Dogecoin millionaire of 2021.. On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. Since then, Contessoto hasrefused to sell, despite dogecoin'sups and downs. That's when he announced that he had become aDogecoin millionaire. Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. Since then I have kept every single coin. Blower Repair Pump Repair Engineering Services Replacement Parts. 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. The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. Nonetheless, Contessoto's plan remains the same: "Once I hit $10 million, then I'll take out 10%. Ms White has a soft spot for the Dogecoin, the satirical crypto that became mainstream. According to CoinMarketCap, Dogecoin is at the moment trading at around $0.2191, with a market value of over $28 billion. Dogecoin remains a very lucrative trade. As Musk ramped it up, that's where Dogecoin headed; Mr Contessoto's gamble paid off. Glauber (born August 5, 1983) is famous for being soccer player. Still, Contessoto, just like many big bulls, remains extremely optimistic about Dogecoin, although he isnt presently a millionaire by Dogecoin on paper. In one month, he has made $28,000 from social media ads and promotions, which was primarily paid out in dogecoin. 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. Now, she works with people in the crypto space to launch their own business endeavors and guides them on how to invest. Contessoto never doubted DOgecoin, and as a result, his funding in . 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. 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. Everyone can own Dogecoin, it's cents on a dollar," Mr Contessoto recalled. For us to get there, we have to all believe in the same thing. The value of his holdings climbed to $2 million. "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. "People are going to start investing in Dogecoin and it's going to take off. We know that Glauber is single at this point. Once I put it all out there, I even had people messaging me apologizing for saying mean things to me before. Dogecoin was invented in 2013 to poke fun at Bitcoin. $3 million). Is cryptocurrency financial kryptonite? 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? 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. Contessoto told CNBC that he grew up poor and that his gain from the meme currency was a huge deal for him. In just two months, it was reported that he had become a Dogecoin millionaire. Glauber Contessoto, 33, became a dogecoin millionaire after investing his life savings, $250,000, into the cryptocurrency when it was at $0.045. 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. Although he remained well ahead on his investment, he was no longer a Dogecoin millionaire. How Glauber Contessoto Became Known as the Dogecoin Millionaire. Glauber Contessoto is 33 years old at the time of writing this report. Whatever Happened To The Dogecoin Millionaire. Yesterday, he announced to the Reddit community that he is now a Crypto millionaire. The developers behind the coin wanted to make a silly cryptocurrency with no real valueand even based its image on a popular internet meme. 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. Contessoto will earn a total of $25,000 for an upcoming partnership between his YouTube channel and blockchain project Acria Network, he tells CNBC Make It. Better still, don't spend it at all - save it instead. 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 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. This uncertainty is, however, one of the major reasons why experts alert that cryptocurrency is a risky and speculative investment. He has 11k followers at the time of writing this report. After days of research,Contessoto then poured all his savings into it, even resorting to borrowing money through margin investing. The coin hit 16 cents Tuesday morning before inching up to 17 cents. "I had no idea how I was going to make money moving forward," he says. I had this mindset, I had this conviction, which I still do, about those coins. Everything is just bad right now. Whatever the truth, it's impossible to escape the hype. Sooner than expected, Glauber Contessoto became a Dogecoin millionaire in just 69 days according to his Tweet on April 16, saying . (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? "[Musk] tweeted back-to-back like on a rant where he's saying, "Dogecoin is the future, Dogecoin is the people's crypto. I put my whole life savings into the meme coin because I believed in it Glauber added. Their extreme volatility is one reason why experts warn that it's a risky, speculative investment. I STILL BELIEVE IN #DOGECOIN, he. Between hissavings and borrowed funds, Contessoto said, heinvested over $250,000 in dogecoinon Feb. 5 when it was priced at about 4.5 cents. I've been passionate about self-development and always loved to read biographies. Glauber Contessoto became a crypto millionaire by buying Dogecoin. Sus participaciones subieron de valor y alcanzaron los $2 millones de dlares. "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.". However, this all changed whenContessoto first learned about dogecoin on Reddit. In February, when Glauber Contessoto decided to invest his life savings in Dogecoin, his friends had concerns. uses and the stocks to play it. The leading community for cryptocurrency news, discussion, and analysis. Contessoto is typical of the emerging demographic of crypto investors. Glauber Contessoto Tweet. Glauber Contessoto while speaking to CNBC explained how the Reddit community and Elon Musk inspired his bold decision and how that has paid off. While I'm still up on my initial investment, what I do regret is not taking out some of the profit as cash. Glauber Contessoto Instagram (IG) is @prothedoge. Contessoto, 33, invested in Dogecoin last February, according to the New York Times report. 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. "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.". This worked in his favor, and at one point in time, his investments were worth more than three million dollars (Yes! 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. According to his own account, Mr Contessoto grew up poor in a family that emigrated to the United States from Brazil and was determined to make money. Investorscould get burned, so they should invest only what they can afford to lose. At its highest point, the value of the joke crypto hit $US89 billion (124.7 billion) an astonishing figure, given that Dogecoin has little real-world function beyond speculation. Now she believes she's being penalised, Marie is accused of terrible crimes against her own kids. Glauber Contessoto, que mora nos EUA e f de hip hop . "Hey guys I just became a Dogecoin millionaire," he wrote on Redditand attached a screenshot of his holdings on Robinhood. Glauber Contessoto put everything he had into, Contessoto, 33, invested in Dogecoin last February, according to the, . Meanwhile, however, the entire crypto market is suffering at the moment. I had a lot of learning to catch up on; the theory, the utility, understanding what blockchain technology is all about. They thought he was risking too much by investing in this 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. "What's going on guys? I started SuccessTitan to allow everyone to easily learn from the ultra-successful and achieve more in every area of their life. 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. ", "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. "Up until yesterday, I had been a millionaire, if bitcoin and ethereum weren't also [hit], I'd be worried." -Glauber Contessoto, 33 What is the Basketball Player J.R. Smiths Net Worth? Glauber Contessoto, 33, became a 'dogecoin millionaire' after investing his life savings, or $250,000, into the cryptocurrency. 2023 Benzinga.com. Glauber Contessoto, pictured, invested his life savings in Dogecoin in 2021. He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin.. 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. 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. Cryptocurrency which is a type of digital file that can be used as money, based on blockchain technology is not controlled by any centralized entity or government, and is nearly impossible to trace. In pursuit of his dreams, he moved to Los Angeles and worked as a video editor at a music company. His portfolio was worth about $831k as of Tuesday 4.40pm EST. I'm here for the long run, and if the ship goes down, I'm going down with the ship. Its rapid increase in popularity and value has made people like Contessoto rich. 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. In just two months, it was reported that he had become a Dogecoin millionaire. Source: TradingView.com. IF I CAN HODL YOU CAN HODL!!! "You risk losing nearly all the money you put in," James Ledbetter, editor of fintech newsletter FIN andCNBC contributor, previously told CNBC Make It. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6.. Mr Contessoto initially backed his hunch about Dogecoin with a small investment. Even now, he dismisses the idea of selling. Their extreme volatility is one reason experts say that crypto is a risky, speculative investment. 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. Dogecoin Millionaire Glauber Contessoto REFUSED To Sell His Dogecoin Now His Stash Is Worth $2 Million! Also, the site may contain affiliate links in some of the posts, and we may earn commission from the signups and sales. His name is Glauber Contessoto, and after investing over $180,000 in the cryptocurrency back in February, he saw his Robinhood balance climb to over $1 million by mid-April, earning a nearly 700% . Glauber Contessoto put all his money into Dogecoin. Since then its value has declinedthough he's still optimistic. His net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. 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