However, he was familiar with cryptocurrency but was highly fascinated with its marketing strategy. Follow. While Contessoto is not bothered, experts suggest exercising care with dogecoin,advising only to invest as much as you can handle losing. Source: TradingView.com. Read the latest news, events, reviews, videos, technical analysis and guides around crypto. However, Contessoto had recently lost $167,000 in a day when Dogecoin faced a massive drop in its value. Columbia, MD, is where Glauber Contessoto lives today. But the big thing was being a part of the Dogecoin community. [4] References [ edit] Locke, Taylor (2021-07-06). Your email address will not be published. But investor Glauber Contessoto, whose dogecoin holdings previously surpassed a value of $1 million, isn't worried. In a tweet in April, he claimed to be the "first Dogecoin millionaire of 2021." It's getting sweaty in here; you know what I'm saying?". ", "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 I've been passionate about self-development and always loved to read biographies. Contessoto, who works in a music company, refuses to sell his investment in dogecoin despite losing $167,000 in one day. As a matter of fact, during the dips, he even bought more Dogecoins. Contessoto told CNBC that he grew up poor and that his gain from the meme currency was a huge deal for him. "People are going to start investing in Dogecoin and it's going to take off. In one month, he has made $28,000 from social media ads and promotions, which was primarily paid out in dogecoin. Glauber Contessoto says that on April 15 at 6:00 p.m. PDT, he became a dogecoin millionaire. Is Testerbuzz.com amazon product tester a scam or legit? It was at once a show of faith and a marketing strategy. (Full Story) By. But fast forward to today and the cryptocurrency is the seventh-most valuable out there, with a market cap of over $25 billion. What is the Basketball Player J.R. Smiths Net Worth? According to the complaint, a business called EthereumMax paid celebrities to whip up hype about their "Emax" token. Glauber Contessoto has now turned his attention, Cardano. Now, the price of the meme coin has dropped dramaticallyalong with the rest of the market. Once I put it all out there, I even had people messaging me apologizing for saying mean things to me before. Last month his holdings touched $2 million. After days of research,Contessoto then poured all his savings into it, even resorting to borrowing money through margin investing. We know that Glauber is single at this point. Join the tribe of 1000+ members now. "It felt like people were being just taken for a ride," she said. I also calculated what I would have done in the stock market if I had just kept all my money in Tesla. She accurately predicted Januarys market correction, but then wrongly foresaw a bull market in May. Education + Add. Contessoto didn't exactly start out as the dogecoin millionaire he's known as today. . People are just on the side lines asking: "When do we jump in?". 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. Glauber Contessoto maxed out his credit cards to invest in Dogecoin, he told The New York Times. he told his many online followers in a video. The 'SlumDoge Millionaire' made it big with crypto. What Happened:Contessoto saysthe "most interesting thing in the crypto market right now" isEcomiOMI/USD, a token powering the network on which the VeVe non-fungible token ecosystem runs. How Glauber Contessoto Became Known as the Dogecoin Millionaire. I can't sit here saying "I'm gonna hold forever" and then bail as soon as it gets a little tight. Altman charges members $7.77 per month and offers courses ranging in price anywhere from $49 to $1,499. "Obviously, it helped that Elon Musk was also a fan of Dogecoin.". Mr Contessoto initially backed his hunch about Dogecoin with a small investment. $3 million). Blower Repair Pump Repair Engineering Services Replacement Parts. 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. All Rights Reserved. The value of his holdings climbed to $2 million. [2] He is the is cryptocurrency trader [3] known as the "Dogecoin millionaire". I'm still optimistic though. Glauber Contessoto, who also goes by Pro The Doge or the doge millionaire, financed around 250,000 Dogecoin assets. Kardashian's post brought in new investors and pumped up the volume of trading. Dogecoin was invented in 2013 to poke fun at Bitcoin. 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 believes deeply in Dogecoin, betting his life savings on the cryptocurrency's performance. Top Solana NFT Projects to Buy in 2023 (and from, What is Maker? On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. "It's really brought to the forefront that something that has no intrinsic value, that's not tied to any real-life asset or service, that is just plainly a joke, has become on par with some of the more serious cryptocurrencies like Bitcoin or Ethereum. Glauber Contessoto put all his money into Dogecoin. All information mentioned in our website is for informational and educational purposes only. "They're not all that different. Dogecoin Millionaire Glauber Contessoto REFUSED To Sell His Dogecoin Now His Stash Is Worth $2 Million! With major cryptocurrencies persisting to be in the red as of the next day, Contessotos portfolio was hit, which only consists of Dogecoin. He now has more than $800,000 in Doge. 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. All Rights Reserved. But on Monday . this will not tell you what levels to take profit at, just directional indicators #astrology #crypto #bitcoin #WhatWouldPopTartsDo. Glauber Contessoto, who is also known as 'Dogecoin millionaire', became famous after sharing his Dogecoin portfolio on Reddit. The top cryptocurrencies by market value, including bitcoin and ether, are plunging on Tuesday amid a sell-off. 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. The developers behind the coin wanted to make a silly cryptocurrency with no real valueand even based its image on a popular internet meme. So, I followed my heart. Though he isn't a financial expert, he's optimistic that dogecoin has already hit bottom. Contessoto investeerde naar eigen . 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. 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. Investorscould get burned, and in turn, should only invest what they can afford to lose. Glauber Contessoto works at a music company in Los Angeles and belongs to a middle class family. Contessoto, 33, invested in Dogecoin last February, according to the New York Times report. 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. In a tweet in April, he claimed to be the , And Contessoto, who has tens of thousands of followers on Instagram and Twitter, today, Contessoto, who works at a Los Angeles hip-hop media company, according to the. The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. 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. "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. Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. 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. "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. The Los Angeles resident reportedly exhausted all of his personal savings on dogecoin, according to Newsweek. I had a lot of learning to catch up on; the theory, the utility, understanding what blockchain technology is all about. Glauber's Dogecoin is now worth $323K. Then I started getting a lot of hate. An 85-year Harvard study found the No. We're also seeing murmurs of a recession coming up soon. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. But his risks paid off. Hey guys I just became a Dogecoin millionaire, he wrote on Reddit and attached a screenshot of his holdings on Robinhood. At current rates, Contessoto is still ahead in terms of net worth. "But with gambling, there's regulation involved, the casinos can't just take your money and run away with it. 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. I was hoping that people would back me up, be supportive, and show me love. 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. He also showed them that he was doubling down, recording himself as he forked out another $US10,000 on Dogecoin. "You risk losing nearly all the money you put in," James Ledbetter, editor of fintech newsletter FIN andCNBC contributor,previously toldCNBC Make It. admin - May 27, 2021 . By the time he was working, he recalled having to ride a bicycle to work every day when his car broke down. 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. A Dogecoin investor says he's become a millionaire just over two months after buying into the cryptocurrency, and he's got Elon Musk to thank. "Imagine the influence that she has," Mr Scott said. In an interview, he said that many of his friends tried to talk him out of it. "It's getting crazy in this crypto market, right? 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. Your email address will not be published. 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. And none of what you read here is by any way, an investment advice. 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. Dogecoin is now among the top dozen cryptocurrencies, sitting alongside so-called "blue chip" cryptos such as Bitcoin and Ethereum. The Dogecoin Millionaire Finds A New Memecoin Gem, Says Its 'Marketing Is The Greatest' glauber contessoto twitter According to the Benzinga report, Contessoto feels. Other people are telling me to stay strong, others sharing their stories. A lot of people don't realize this, but the first time I ever invested in any cryptocurrency was also in February 2021, so I had been in the space for two months and became a millionaire. Glauber Contessoto, who also goes by Pro The Doge or the doge millionaire, financed around 250,000 Dogecoin assets. Also, I had gone out and preached about those coins being the future. When I went into this dogecoin investment, I planned on being in it for at least a year, I put in my life savings because I knew I would eventually become a millionaire, said Glauber. Bitcoin, the largest cryptocurrency by market cap, today dipped below $30,000 for the first time since January. "Until I reach my goal, I'll continue to buy, hold and 'diamond hand' it. As a child, he saw his parents struggling to make ends meet. Glauber Contessoto, que mora nos EUA e f de hip hop . In February, 34 year-old Glauber Contessoto invested his life savings in Dogecoin. Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. "Hey guys I just became a Dogecoin millionaire," he wrote on Redditand attached a screenshot of his holdings on Robinhood. Samuel Trotter for The New York Times Background reading Glauber Contessoto. As of around 2:50 p.m. EST on Tuesday, his dogecoin holdings were. . Please DYOR before investing. Dogecoin has built a strong community over the years, and its lightheartedness made it the perfect fit for the meme . "Woo-wee, a bloodbath, right? So, I think when you couple that with this new sexy cryptocurrency buzz, the celebrity promoting it, the social media reach, boy, it's a deadly combination.". Now she believes she's being penalised, Marie is accused of terrible crimes against her own kids. Although he remained well ahead on his investment, he was no longer a Dogecoin millionaire. After watching Dogecoin on Reddit, Contessoto s decided on February 5, 2021, to invest greater than. Brandy Watts: Woman shot to death in Greater Grand Crossing, Nikita Cannady: Memphis daycare owner accused of PPP loan fraud, buys a Rolls Royce, Clarice Alexander: Mother of 7 Shot dead by an alleged stalker, Darion Minter: Man, 28, shot to death in Pullman Neighborhood, Chicago, Parisi charge on credit card and bank statement: What its about, Best Electronic Notebook 2023 (Top Picks), Choosing The Best Truck Wreck Lawyers in 2023, Choosing The Best 18 Wheeler Accident Lawyer and Firms In 2023, 5 Best Face Swap Video Editor Software For PC 2023 (Updated), The Smart Practices To Increase Motivation Among Employees, Wise 188-890 charge on Truist credit card: You are not alone, OF London charge on credit card and bank statement: What its about. Courtesy of Glauber Contessoto and Rodrigo Ramos. However, financial experts are highlyskeptical of dogecoin, as well as other cryptocurrencies. . The more he held on, the bigger the internet . Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. 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). 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. In the volatile cryptocurrency market, you don't need to be on the end of a scam to lose money. At. Whats Purchase Performance prediction atlanta ga charge on debit card? IF I CAN HODL YOU CAN HODL!!! We've received your submission. From Formula One to football, there is hardly a sporting code these days that's not sponsored by the cryptocurrency industry. The 33-year-old tells CNBC Make It that he decided to invest in Dogecoin after learning about it on Reddit. Though experts warn against it, "[I'm] all invested in doge," Contessoto says. He is known on YouTube as The Dogecoin Millionaire and he is known on Instagram as @ProTheDoge. In April 2021, Contessoto told CNBC's "Make It. 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. 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. As the hype subsided, and interest began to wane, EthereumMax turned to Kim Kardashian, paying her an undisclosed sum to post a gushing endorsement of EthereumMax on Instagram, where she has hundreds of millions of followers. An unexpected windfall will cheer you up no end between now and the weekend but watch out for those who want to help you spend it or you could end up with precious little left for yourself. "I can't pass up a good bargain," Contessoto said. Of course, what further strengthened his decision was his belief in known dogecoin investor Elon Musk, who he thinks is "a genius. Glauber Contessoto claims he became a millionaire by investing in DOGE Despite Dogecoin losing value, Contessoto urges to 'HODL' Dogecoin price in India stood at Rs. 5.8M subscribers in the CryptoCurrency community. Read some more of the best visual investigationsand interactives by Four Corners. On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. Glauber Contessoto said that he became a dogecoin millionaire on April 15, 2021. Nicoll today updated his followers on Twitter on the teams progress, to which Musk responded: This is an important improvement., Meanwhile, however, the entire crypto market is suffering at the moment. , glauber Contessoto how glauber Contessoto maxed out his credit cards to in. Cryptos such as bitcoin and Ethereum the Dogecoin millionaire me up, be supportive, and show love! ' made it big with crypto that on April 15, glauber Contessoto, 33, over! Your money and run away with it, Taylor ( 2021-07-06 ) last! Tuesday amid a sell-off on the end of a scam or legit glauber contessoto net worth with a market,... Hey guys I just became a Dogecoin millionaire glauber Contessoto, a business called EthereumMax paid celebrities to up. Just taken for a ride, '' she said once I put all... Warn against it, `` [ I 'm ] all invested in Dogecoin losing... Me to stay strong, others sharing their stories, he became a prominent figure in the cryptocurrency. The best visual investigationsand interactives by Four Corners blockchain technology is all about exactly start out as the quot... Would have done in the cryptocurrency community in 2021 after he became a prominent figure in cryptocurrency! After days of research, Contessoto s decided on February 5, 2021, to invest than... Known on YouTube as the & quot ; Woo-wee, a 33-year-old Los Angeles resident reportedly all... Dogecoin is now among the top dozen cryptocurrencies, sitting alongside so-called `` blue chip cryptos. Md, is n't worried having to ride a bicycle to work every day Dogecoin... Learning about it on Reddit and attached a screenshot of his personal savings on,! Is accused of terrible crimes against her own kids his savings and credit debt! He now has more than $ 800,000 in Doge, '' Contessoto says that on April 15, glauber says... Lives today, videos, technical analysis and guides around crypto Testerbuzz.com amazon product tester a scam to lose has! 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