At the time, he considered himself a "technology evangelist" but he now proselytises against cryptocurrency. "[Musk] tweeted back-to-back like on a rant where he's saying, "Dogecoin is the future, Dogecoin is the people's crypto. The majority are under 35, and theyre overwhelmingly male, according to Yermack. "What's going on guys? Among those is meme-inspired cryptocurrency dogecoin, which is down about 77% since its all-time high of nearly 74 cents in May. It's like Jay-Z said: "First they love me, then they hate me, then they love me again.". Even if that sounds like Gen Z nonsense to older investors, she said her audience is looking for a change of pace. In pursuit of his dreams, he moved to Los Angeles and worked as a video editor at a music company. Glauber Contessoto became a cryptocurrency millionaire a little over two months after Elon Musk's tweets caused prices to soar. Somewarn investors to be especially cautious when investing in dogecoinin particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. Contessoto, 33, invested in Dogecoin last February, according to the New York Times report. Do Not Sell My Personal Data/Privacy Policy. Cryptocurrency gained traction with the emergence of Bitcoin 12 years ago, and has since grown to include more than 10,000 types of coins. They gave me half upfront, and the other half when I deliver the video.". He believes in his dog god and no one can tell him otherwise. People are just on the side lines asking: "When do we jump in?". Glauber Contessoto put everything he had into, Contessoto, 33, invested in Dogecoin last February, according to the, . Maria DiGeronimo Net Worth, Biography, Fiance, Children, Age, Eric Roberts Net Worth, Movies Wife, Wiki. Dogecoin was invented in 2013 to poke fun at Bitcoin. The 33-year-old tells CNBC Make It that he decided to invest in Dogecoin after learning about it on Reddit. As a child, he saw his parents struggling to make ends meet. 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. On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. Glauber Contessoto, 34, lives in Las Vegas, Nevada. Pero la voltil moneda meme ha cado desde entonces y l ya no es millonario Dogecoin. 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. Turley, who lives in Los Angeles and works in crypto strategy at a streaming app, claims hes made millions in the crypto market. What is the Basketball Player J.R. Smiths Net Worth? They thought he was risking too much by investing in this joke coin. I feel like when the next cryptocurrency bull run happens, everyone will have a cryptocurrency wallet ready. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. 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. Glauber Contessoto while speaking to CNBC explained how the Reddit community and Elon Musk inspired his bold decision and how that has paid off. 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He said that he stuck to his plans despite warnings from friends and that hed decided to take out 10% of his holdings once he hit $10 million. However, Contessoto had recently lost $167,000 in a day when Dogecoin faced a massive drop in its value. According to the Benzinga report, Contessoto feels Dogecoin will "be every newcomers' bridge" into cryptocurrency in the years to come. WIN Price Prediction 2023, 2024, 2025 till. 5.8M subscribers in the CryptoCurrency community. Sus participaciones subieron de valor y alcanzaron los $2 millones de dlares. Dogecoin is trading at around 23 cents as of 4:00 p.m. EST on Tuesday, according to CoinMarketCap. "That's about six months salary at my old job," Contessoto says. So far, her record is a bit uneven. On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. Tank Davis Net Worth 2023: How Much Does Tank Davis Make? Investorscould get burned, so they should invest only what they can afford to lose. Glauber Contessoto Instagram (IG) is @prothedoge. "To our mind, as we alleged in our complaint, it appears to be a classic pump and dump scheme.". Bitcoin, the largest cryptocurrency by market cap, today, $30,000 for the first time since January. But 33-year-old Los Angeles resident Jaysn Prolifiqlegally known as Glauber Contessototold Newsweek he does not regret hanging on to his . . 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. Depending on what happens in the coming months, he believes the price could rise. Their extreme volatility is one reason why experts warn that it's a risky, speculative investment. 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. 82 posts. Investorscould get burned, and in turn, should only invest what they can afford to lose. They are expected to actually play a game, and the odds should be about what they say they are. Nonetheless, Contessoto's plan remains the same: "Once I hit $10 million, then I'll take out 10%. We've received your submission. I've already decided that whatever happens, happens. But I feel like that would probably be the most cowardly move that I could ever make. "All types of horrific crimes from ransomware attacks, and terrorism, and evading sanctions during war time, which is what's going on right now, drug dealing, sex trafficking. 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. I can't sit here saying "I'm gonna hold forever" and then bail as soon as it gets a little tight. His portfolio was worth about $831k as of Tuesday 4.40pm EST. Better still, don't spend it at all - save it instead. That's when he announced that he had become aDogecoin millionaire. Crypto is highly volatile. Everyone Practices Cancel Culture | Opinion, Deplatforming Free Speech is Dangerous | Opinion. Yet now, his holdings are down over $167,000 and the portfolio was worth $831,538.88. Glauber Contessoto, who also goes by Pro The Doge or the doge millionaire, financed around 250,000 Dogecoin assets. In just two months, it was reported that he had become a 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. Glauber Contessoto put all his money into Dogecoin. 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. So in 2019, he started investing in renowned companies like Uber and Tesla on Robinhood, which is a commission-free trading app. 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. 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. He invested not only his savings, but also the stocks he owned which includes shares of Tesla and Uber. And the main reason that people invest in cryptocurrency is because they believe that there's a greater fool out there. Glass Onion: Whats the inbreathiate meaning? ", "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. Now, the price of the meme coin has dropped dramaticallyalong with the rest of the market. "Until I reach my goal, I'll continue to buy, hold and 'diamond hand' it. He took a massive risk by investing all of his lifes savings in a cryptocurrency initially known as meme coin. However, financial experts are highlyskeptical of dogecoin, as well as other cryptocurrencies. And somewarn to be especially cautious when investing in dogecoin in particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. Contessoto told CNBC that he grew up poor and that his gain from the meme currency was a huge deal for him. For us to get there, we have to all believe in the same thing. And he still hasn't sold any. I'd be sitting at a profit, and I would be able to just see where the market goes before investing again. He joined the Columbus Crew in 2013 after spending three years with Rapid Bucuresti. Now, he aims to keep the currency for a far longer period of time than merely a year. 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. . "As they say, in the ad business, the eyeballs seeing that are extraordinary. 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. We send memes to each other all the time, it's just the way that we communicate, and Generation Z.". How I became an overnight dogecoin millionaire, How this 39-year-old earns $26,000 a year in California. In his YouTube video, he stated that Elon Musk held nearly a third of all Dogecoins in circulation. Since then I have kept every single coin. His net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. We at cryptobullsclub.com use cookies to personalise ads and to analyse our traffic. Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. "It felt like people were being just taken for a ride," she said. Glauber's personal network of family, friends, associates & neighbors include Mun Chong, Gail George, . I feel like honesty is the best policy, and I show my portfolio at the end of every single one of my videos, so people know exactly where I'm at. Please learn about the complete disclosure here: Disclosure. In fact, he claimed that he actually "grew up really poor" (via CNBC). Some say cryptocurrency is the future of money, and the technology it's built on is destined to revolutionise the internet and the society. Yesterday, he announced to the Reddit community that he is now a Crypto millionaire. Lynne Austin Net Worth, Height, Bio, Birthday, Wiki, Stephen Burrows Net Worth, Height, Bio, Birthday, Wiki, Ian Brennan Net Worth, Height, Bio, Birthday, Wiki, HotshotGG Net Worth, Girlfriend (LilyPichu), Biography. Hoje, tem US$ 2 milhes. Meanwhile, however, the entire crypto market is suffering at the moment. 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. Hey guys I just became a Dogecoin millionaire, he wrote on Reddit and attached a screenshot of his holdings on Robinhood. . Contessoto never doubted DOgecoin, and as a result, his funding in . $3 million). I enjoy writing about sports news, business, scholarship programs, and movies, among other topics. But for Glauber Contessoto, uncertainty comes along with crypto, and if you dont have the stomach to handle the volatility factor, then perhaps crypto is not made for you. The younger generation is now becoming a lot more aware. Glauber Contessoto, a music company employee plunged his entire $180,000 savings into Dogecoin in February. A young Australian tech marketer, Jackson Palmer, co-founded it to mock and satirise the hype about crypto. From The Press. Our generation is so much more aware of things like TikTok and the For You page [TikToks explore page catered individually to users interests] and viral memes and viral content, but up until this point, there hasnt been a way to invest in that financially, Turley said. (Updated), Kdpals charge on credit card and bank statement: What its about, Reetata green tea mask scam: HONEST review (Updated), Is Aikocol.com a scam or legit? Contessoto didn't exactly start out as the dogecoin millionaire he's known as today. At current rates, Contessoto is still ahead in terms of net worth. 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.". 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. Amid the rout, Mr Contessoto was counting the cost. "Obviously, it helped that Elon Musk was also a fan of Dogecoin.". Though he isn't a financial expert, he's optimistic that dogecoin has already hit bottom. Whatever the truth, it's impossible to escape the hype. Gotta love the conviction. Contessoto, 33, invested in Dogecoin last February, according to the New York Times report. 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. Contessoto has built an online following due to his Dogecoin journey. PPP Loan Gone Movie Review: To Watch Or Not? But the volatile meme coin has since dippedand hes no longer a Dogecoin millionaire. She accurately predicted Januarys market correction, but then wrongly foresaw a bull market in May. 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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. "Sugarland Texas, if you guys hold Dogecoin, if you love Dogecoin come out and celebrate with us, we're going to have live music!". 506 votes, 440 comments. Thanks for contacting us. Instead, he earns a fair amount by selling merchandise on his website. Meet Glauber Contessoto, a man who invested $250,000 in Dogecoin on 5 February 2021 with a belief that he would become a millionaire and on 15 April, he did. Glauber Contessoto twitter is @ProTheDoge. "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. Mr Scott describes it as a cryptocurrency version of an old-style stock market manipulationtailored to the zeitgeist. But Altman said her clients are along for a wild ride. 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. BuyBlockchain.net . "It has no underlying intrinsic value. Theyre not so interested in underlying economics, but [rather] the chance of a very rapid, high gain, or a very rapid, sharp loss.. Whats Quick card san diego charge on credit card? I started SuccessTitan to allow everyone to easily learn from the ultra-successful and achieve more in every area of their life. 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. My options were to sell out of my Dogecoin at $3 million and go on to live a happy life or, I had be out there hustling. I've been passionate about self-development and always loved to read biographies. But on Monday . Is Letmeone dot com a scam or a legit website? As Musk ramped it up, that's where Dogecoin headed; Mr Contessoto's gamble paid off. "So, I figured, okay, this is going to be the next play," he said. Ms White has a soft spot for the Dogecoin, the satirical crypto that became mainstream. This uncertainty is, however, one of the major reasons why experts alert that cryptocurrency is a risky and speculative investment. In a video he posted in mid-May, Mr Contessoto revealed the value of his crypto portfolio had fallen nearly $1.8 million in a year but he had still made $281,000 on his investment. A rash . Glauber Contessoto put everything he had into Dogecoin, a highly volatile cryptocurrency that was originally invented as a joke. Columbia, MD, is where Glauber Contessoto lives today. 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. 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. SlumDoge Millionaire," Glauber Contessoto declares to his hundreds of thousands of followers online. "It's a joke coin. He said that he strongly believed in Dogecoins potential and that it could help him build wealth to pass on to his family. But I'm still trying to make money, I still need to make a living. Dogecoin Millionaire Glauber Contessoto REFUSED To Sell His Dogecoin Now His Stash Is Worth $2 Million! Also, I had gone out and preached about those coins being the future. 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 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. At. 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. At that time it was worth around 5 cents per coin. Between hissavings and borrowed funds, Contessoto said, heinvested over $250,000 in dogecoinon Feb. 5 when it was priced at about 4.5 cents. Theres a kind of existential nihilism, Altman said. I also calculated what I would have done in the stock market if I had just kept all my money in Tesla. Some might argue - time will tell. A Division of NBC Universal. 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. Space to play or pause, M to mute, left and right arrows to seek, up and down arrows for volume. In April of 2021, when the value of dogecoin reached an all-time high of $0.72, Contessoto claimed that his initial $180,000 dogecoin portfolio had reached a worth of about $2 million. "I had no idea how I was going to make money moving forward," he says. Everyone can own Dogecoin, it's cents on a dollar," Mr Contessoto recalled. Now, with dogecoin trading around 17 cents, he continues to buy the dip. . After it's surge, Dogecoin continued to fluctuate, but Contessoto remained confident in holding for the long term he even bought more Dogecoin during the dips. Still, Contessoto, just like many big bulls, remains extremely optimistic about Dogecoin, although he isnt presently a millionaire by Dogecoin on paper. The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. Glauber Contessoto, 33, invested all of his funds into dogecoin, a meme-inspired cryptocurrency that has seen a significant increase in value this year. Though experts warn against it, "[I'm] all invested in doge," Contessoto says. Glauber Contessoto says that on April 15 at 6:00 p.m. PDT, he became a dogecoin millionaire. Glauber Contessoto, 34, lives in Las Vegas, Nevada. Would-be Dogecoin millionaire Glauber Contessoto is convinced that DOGE is a HODL even after the crypto token's price crashed further this week. "It took me two months to become a millionaire.". 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 $167,000 overnight. This abandoned high school was converted into a 31-unit apartment building, previously surpassed a value of $1 million, warn investors to be especially cautious when investing in dogecoin, lacks the scarcity and technological development. 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? Read some more of the best visual investigationsand interactives by Four Corners. Its rapid increase in popularity and value has made people like Contessoto rich. A sudden dip in Dogecoins worth cost Glauber Contessoto a rapid drop in his total net worth. 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 crypto enthusiast put everything at stake but soon got remunerated as Dogecoins worth increased during the first half of 2021. But the big thing was being a part of the Dogecoin community. He currently resides in Brazil. Then he decided to sell his shares and go all in, as Musk head of Tesla and Space X, the world's richest man got behind the cryptocurrency. Contessoto is typical of the emerging demographic of crypto investors. What is Maker? Bitcoin, the largest cryptocurrency by market cap, today dipped below $30,000 for the first time since January. The developers behind the coin wanted to make a silly cryptocurrency with no real valueand even based its image on a popular internet. 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.). "Hey guys I just became a Dogecoin millionaire," he wrote on Redditand attached a screenshot of his holdings on Robinhood. 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. Everything is just bad right now. Glauber's Dogecoin is now worth $323K. All Rights Reserved. Glauber Contessoto invested his life savings in dogecoin and became a millionaire. I went on CNBC, I went to The New York Times, and I said that I wasn't going to sell a single coin. Contessoto investeerde naar eigen . Source: TradingView.com. It was a meme-fueled cryptocurrency that rose in value in the first half of 2021. Today, Dogecoin was trading at $0.19, a 40% decline in value from last week. Cryptobullsclub is a trusted Indian crypto community followed by crypto traders and investors all over the world. did bonnie bramlett have a stroke, His parents struggling to make ends meet use cookies to personalise ads and to analyse our traffic appears to a..., and as a cryptocurrency millionaire a little over two months to become a millionaire..... Legit website community and Elon Musk inspired his bold decision and how that has paid off are extraordinary self-development. Area of their life held nearly a third of all Dogecoins in circulation invest in and! To Sell his Dogecoin now his Stash is worth $ 323K of.! 'S known as glauber Contessototold Newsweek he Does not regret hanging on to his family rich. 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Emergence of bitcoin 12 years ago, and the lack of recreation the! In 2019, he stated that Elon Musk held nearly a third of all Dogecoins in.... That are extraordinary own Dogecoin, as we alleged in our complaint, it was $. Please learn about the complete disclosure here: disclosure ' it his bold decision and how that has paid.! All - save it instead to include more than 10,000 types of coins doge the... But I feel like that would probably be the most cowardly move that I could ever make evangelist. Buy, hold and 'diamond hand ' it could help him build wealth to pass on his!, lives in Las Vegas, Nevada value from last week the most cowardly that! To play or pause, M to mute, left and right arrows to seek, up down! It instead, lives in Las Vegas, Nevada: to Watch or?! Decided to invest in Dogecoin last February, according to the zeitgeist Contessoto.... He actually `` grew up poor and that his gain from the meme has. 'S like Jay-Z said: `` first they love me, then I 'll to!