But Altman said her clients are along for a wild ride. Analysts reveal potential A.I. "It has no underlying intrinsic value. Glauber Contessoto, 33, became a 'dogecoin millionaire' after investing his life savings, or $250,000, into the cryptocurrency. Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. Sooner than expected, Glauber Contessoto became a Dogecoin millionaire in just 69 days according to his Tweet on April 16, saying . In a tweet in April, he claimed to be the first Dogecoin millionaire of 2021.. This worked in his favor, and at one point in time, his investments were worth more than three million dollars (Yes! Kardashian's post brought in new investors and pumped up the volume of trading. Glauber Contessoto, otherwise known as the "dogecoin millionaire," made quite a big bet on the popular-yet-volatile dogecoin cryptocurrency. The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice. It's getting sweaty in here; you know what I'm saying?". 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. Contessoto has built an online following due to his Dogecoin journey. From The Press. Last month his holdings touched $2 million. (Full Story) By. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6. And somewarn to be especially cautious when investing in dogecoin in particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. He joined the Columbus Crew in 2013 after spending three years with Rapid Bucuresti. 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. But fast forward to today and the cryptocurrency is the seventh-most valuable out there, with a market cap of over $25 billion. Though for thrill-seeking traders like Contessoto, its all part of the game. At the moment, there are ,00 Bitcoin owners . , said in his tweet that he will continue to HODL (a purposeful misspelling of hold). A photo shows a visual representation of a Dogecoin token, taken in January, 2021, in Katwijk, Netherlands. Glauber Contessoto bought $180,000 worth of the meme currency in February this year, and has spent the past few weeks watching his investment skyrocket as Dogecoin and other cryptocurrencies' value . #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. Maria DiGeronimo Net Worth, Biography, Fiance, Children, Age, Eric Roberts Net Worth, Movies Wife, Wiki. Their extreme volatility is one reason why experts warn that it's a risky, speculative investment. As to why Dogecoin and cryptocurrency is in its current state? Glauber Contessoto him However, the crypto market is now in the doldrums and has been so after Bitcoin, "the main cryptocurrency" to which all . Brazilian defender who played a season for Manchester City in the English Premier League. Life in Loa Angeles was not easy for the Dogecoin millionaire. We've received your submission. Whatever the truth, it's impossible to escape the hype. 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 is a crypto trader who rose to fame as a Dogecoin millionaire. 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. I STILL BELIEVE IN #DOGECOIN, he said on Twitter. [2] He is the is cryptocurrency trader [3] known as the "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. For us to get there, we have to all believe in the same thing. It was a meme-fueled cryptocurrency that rose in value in the first half of 2021. When finalizing the deal, the company asked if he'd prefer to be paid in U.S. dollars or crypto. Glauber Contessoto, who is also known as 'Dogecoin millionaire', became famous after sharing his Dogecoin portfolio on Reddit. On April 15th, it reached a new peak of about $0.45, bringing Contessoto's DOGE holdings to $1,081,441.29. . In the volatile cryptocurrency market, you don't need to be on the end of a scam to lose money. . In just two months, it was reported that he had become a Dogecoin millionaire. I've been passionate about self-development and always loved to read biographies. 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. Since then its value has declinedthough he's still optimistic. "I had no idea how I was going to make money moving forward," he says. The younger generations dont think so. Though he isn't a financial expert, he's optimistic that dogecoin has already hit bottom. At current rates, Contessoto is still ahead in terms of net worth. But the big thing was being a part of the Dogecoin community. Investorscould get burned, so they should invest only what they can afford to lose. Glauber Contessoto Reddit account is iUsedToCallDogeDodge. I put my whole life savings into the meme coin because I believed in it Glauber added. Bitcoin, the largest cryptocurrency by market cap, today, $30,000 for the first time since January. He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin. 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. Larry David, co-creator of the sitcom Seinfeld and star of Curb Your Enthusiasm, portrayed a hapless doubter while the ad warned "Don't be like Larry". 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. (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? "Woo-wee, a bloodbath, right? But, "if it drops below 20 cents next week, I'll buy the dip again," Contessoto says. 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. A Division of NBC Universal. The price of Dogecoin has dropped to $0.264 at the time of publishing, but Contessoto . [4] References [ edit] Locke, Taylor (2021-07-06). "They're not all that different. Dogecoin remains a very lucrative trade. But I'm still trying to make money, I still need to make a living. 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. As of 2022, Glauber's net worth is $100,000 - $1M. Between his savings and borrowed funds, Contessoto says that heinvested over $250,000 in dogecoinon February 5 when it was priced at about 4.5 cents. Gen Z and millennial investors are flocking to buy shares of cryptocoin, such as Bitcoin or Ethereum, with the hopes of winning big. But 33-year-old Los Angeles resident Jaysn Prolifiqlegally known as Glauber Contessototold Newsweek he does not regret hanging on to his . Crypto is highly volatile. Glauber's Dogecoin is now worth $323K. "It felt like people were being just taken for a ride," she said. Glauber Contessoto took a big risk on dogecoin, a meme-inspired cryptocurrency that began as a joke, earlier this year. All rights reserved. After hitting a record high on May 8 of around 73 cents, the digital coin fell to around 47 cents on May 9, and Contessoto invested another $17,500, he previously said. 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Sus participaciones subieron de valor y alcanzaron los $2 millones de dlares. After covering all of his bills, including rent, food and other expenses, Contessoto plans to continue to invest as much as he can in dogecoin. This abandoned high school was converted into a 31-unit apartment building, warn to be especially cautious when investing in dogecoin, lacks the scarcity and technological development. 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). Recently, the dogecoin millionaire said in an interview "I should have sold some." Damn right, mate. Columbia, MD, is where Glauber Contessoto lives today. "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. Is Letmeone dot com a scam or a legit website? Glauber Contessoto maxed out his credit cards to invest in Dogecoin, he told The New York Times. "Doge is my savings account.". Glauber Contessoto an American who reached worldwide fame after becoming a millionaire thanks to aDogecoinDOGE/USD bet has exclusively shared his next big bet with Benzinga. Ms White is concerned about the way cryptocurrency is being marketed to people who are neither tech savvy nor sophisticated investors able to understand the risks they're exposed to. Mr Stark believes that regulation has been too slow, and this could result in another financial crisis "that could be even worse than the crisis in 2008.". In fact, his destiny changed the previous night and it might have taken a day or two for him to. According to CoinMarketCap, Dogecoin is at the moment trading at around $0.2191, with a market value of over $28 billion. However, he was familiar with cryptocurrency but was highly fascinated with its marketing strategy. Glauber Contessoto puso todo lo que tena en Dogecoin, una criptomoneda muy voltil que se invent originalmente como una broma. A Division of NBC Universal. He is known on YouTube as The Dogecoin Millionaire and he is known on Instagram as @ProTheDoge. #DiamondHands this is the way #dogecoin we will rise again, the tweet read. ", 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. Please DYOR before investing. The cryptocurrency, along with many others, has dived in value in recent weeks. 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. Dogecoin Millionaire Glauber Contessoto REFUSED To Sell His Dogecoin Now His Stash Is Worth $2 Million! Everything is just bad right now. Glauber Contessoto works at a music company in Los Angeles and belongs to a middle class family. As of around 12:00 p.m. EST on Tuesday, his dogecoin holdings are worth around $931,689. "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. Meet Glauber Contessoto, . As of around 12:00 p.m. EST on Tuesday, his dogecoin holdings are worth around $931,689. Now she believes she's being penalised, Marie is accused of terrible crimes against her own kids. "I see Dogecoin as more honest about what it actually is," she said. 120 following. Cincoin abre as portas para uma nova era de incluso social digital iniciando a formao da sua comunidade financeira compartilhando informao e distribu. Dogecoin is currently worth around $0.23, down . The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. "It has no intrinsic value and it could just as easily come crashing down in price as continue to go up. Up until yesterday, I had been a millionaire, if bitcoin and ethereum werent also [hit], Id be worried.. Follow. I was hoping that people would back me up, be supportive, and show me love. 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. The newly appointed Dogecoin millionaire, AKA' Slum Doge Millionaire,' stumped up his initial investment by selling everything he owned of value. The difference now is that I feel like it's going to take a lot longer than I had initially expected for these coins to be widely adopted. * 2022 Insider Inc. and finanzen.net GmbH . A few years ago, he said, the crypto market felt uncertain. But now: Regardless of where price goes in the next couple of months, this industry is here to stay.. And he still hasn't sold any. Contessoto didn't exactly start out as the dogecoin millionaire he's known as today. 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. "To our mind, as we alleged in our complaint, it appears to be a classic pump and dump scheme.". In the following weeks, it went to $2 million, then close to $3 million. He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin.. Whats Quick card san diego charge on credit card? At the same time, with my most recent YouTube videos, I've been getting a lot of support. The coin hit 16 cents Tuesday morning before inching up to 17 cents. 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. 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. Glauber Contessoto while speaking to CNBC explained how the Reddit community and Elon Musk inspired his bold decision and how that has paid off. Glauber Contessoto put all his money into Dogecoin. Putting Dogecoin as a better candidate for being the number 1 crypto ahead of Bitcoin and Ethereum. 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. We're also seeing murmurs of a recession coming up soon. How To, Glauber Contessoto: The 33-Year-Old Dogecoin holder Who Refuses To Sell Despite Losing $167,000 Overnight. Is cryptocurrency financial kryptonite? What is Maker? What is the Basketball Player J.R. Smiths Net Worth? 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? 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. In February 2021, I put $188,000my life savingsinto Dogecoin. 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