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. Life in Loa Angeles was not easy for the Dogecoin millionaire. 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. Today, Dogecoin was trading at $0.19, a 40% decline in value from last week. Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. The younger generations dont think so. Your email address will not be published. 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. In the volatile cryptocurrency market, you don't need to be on the end of a scam to lose money. Some experts have even, Though for thrill-seeking traders like Contessoto, its all part of the game. Dogecoin was invented in 2013 to poke fun at Bitcoin. Whats really exciting about crypto is that for the first time in history, we can place a financial value on social capital.. IF I CAN HODL YOU CAN HODL!!! We know that Glauber is single at this point. In a tweet in April, he claimed to be the "first Dogecoin millionaire of 2021." Contessoto told CNBC that he grew up poor and that his gain from the meme currency was a huge deal for him. Glauber's Dogecoin is now worth $323K. The volatility attracts people who like gambling, excitement and so forth, said David Yermack, a professor of finance and business transformation at New York University. So, I followed my heart. Altcoins, which typically follow Bitcoin sell-offs, have followed. (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? I personally believe that next time we have an incredible market high, Bitcoin is going to hit $100,000 and Dogecoin will hit a dollar. 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. Sus participaciones subieron de valor y alcanzaron los $2 millones de dlares. Among those is meme-inspired cryptocurrency dogecoin, which is down about 77% since its all-time high of nearly 74 cents in May. Between hissavings and borrowed funds, Contessoto said, heinvested over $250,000 in dogecoinon Feb. 5 when it was priced at about 4.5 cents. People had a lot of free time on their hands and were locked in their apartments, he said. A young Australian tech marketer, Jackson Palmer, co-founded it to mock and satirise the hype about crypto. We send memes to each other all the time, it's just the way that we communicate, and Generation Z.". 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 July, Contessoto said he bought more Dogecoins worth $5,300 (roughly Rs 3.94 lakhs). Blood in the streets, right?" he told his many online followers in a video. Follow. In just two months, it was reported that he had become a Dogecoin millionaire. "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. For Contessoto, the belief in putting his whole life's savings into a cryptocurrency that was born out of an internet meme was more than just diving in headfirst into a nascent trend, as he loved the community surrounding dogecoin, even appreciating the cryptocurrency's meme origins. In fact, he claimed that he actually "grew up really poor" (via CNBC). An 85-year Harvard study found the No. 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. On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. In a tweet in April, he claimed to be the first Dogecoin millionaire of 2021.. Gen Z and millennial investors are flocking to buy shares of cryptocoin, such as Bitcoin or Ethereum, with the hopes of winning big. 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. 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. By May 2021, Glauber Contessoto assets had grown to 2 . "Up until yesterday, I had been a millionaire, if bitcoin and ethereum weren't also [hit], I'd be worried." -Glauber Contessoto, 33 In February 2021, I put $188,000my life savingsinto Dogecoin. An 85-year Harvard study found the No. 82 posts. I'd be sitting at a profit, and I would be able to just see where the market goes before investing again. Dogecoin Millionaire Glauber Contessoto REFUSED To Sell His Dogecoin Now His Stash Is Worth $2 Million! He told Insider that he believes cardano will be "blockchain 3.0" and is buying the ada token. Glauber Contessoto put all his money into Dogecoin. Then I started getting a lot of hate. $3 million). Mr Contessoto has the kind of rags to riches tale that has drawn many people to cryptocurrency. When Four Corners caught up with him, he was making a video promoting "Doge-apalooza", a festival dedicated to Dogecoin. "It's getting crazy in this crypto market, right? "I had no idea how I was going to make money moving forward," he says. 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. 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. 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. Cryptocurrency gained traction with the emergence of Bitcoin 12 years ago, and has since grown to include more than 10,000 types of coins. Blower Repair Pump Repair Engineering Services Replacement Parts. As to why Dogecoin and cryptocurrency is in its current state? #DiamondHands this is the way #dogecoin we will rise again, the tweet read. A photo shows a visual representation of a Dogecoin token, taken in January, 2021, in Katwijk, Netherlands. All Rights Reserved. "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. And somewarn to be especially cautious when investing in dogecoin in particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. Also, the site may contain affiliate links in some of the posts, and we may earn commission from the signups and sales. However, he was familiar with cryptocurrency but was highly fascinated with its marketing strategy. As of 2022, Glauber's net worth is $100,000 - $1M. Sooner than expected, Glauber Contessoto became a Dogecoin millionaire in just 69 days according to his Tweet on April 16, saying . 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. had left him in 2011, when the price of bitcoin was approximately $10, in the cryptocurrency. Glauber Contessoto, who is also known as 'Dogecoin millionaire', became famous after sharing his Dogecoin portfolio on Reddit. Four months earlier, when he bought in, Dogecoin was priced at around 4.5 cents. He plans to buy more of the digital coin and "hodl" for the long haul. Dogecoin is currently worth around $0.23, down . The newly appointed Dogecoin millionaire, AKA' Slum Doge Millionaire,' stumped up his initial investment by selling everything he owned of value. 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. 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. 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. 18.9K followers. Read about our full privacy policy here: Privacy Policy. So far, her record is a bit uneven. Los Angeles-based Glauber Contessoto became a millionaire on April 15, 2021, 69 days after investing his life savings - over $250,000 in dogecoin in February. I started SuccessTitan to allow everyone to easily learn from the ultra-successful and achieve more in every area of their life. I also calculated what I would have done in the stock market if I had just kept all my money in Tesla. 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. I'm here for the long run, and if the ship goes down, I'm going down with the ship. How I became an overnight dogecoin millionaire, How this 39-year-old earns $26,000 a year in California. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on WhatsApp (Opens in new window). 18.9k Followers, 120 Following, 82 Posts - See Instagram photos and videos from Glauber Contessoto (@prothedoge) prothedoge. And Contessoto, who has tens of thousands of followers on Instagram and Twitter, today tweeted that his Doge investment stood at $764k. The 33-year old crypto enthusiast put everything at stake but soon got remunerated as Dogecoins worth increased during the first half of 2021. As Musk ramped it up, that's where Dogecoin headed; Mr Contessoto's gamble paid off. Glass Onion: Whats the Pisceshite Island? As for what he's planning to do once he cashes out, he shared he's hoping to start his own record label, with the ultimate goal of ensuring that his mom never has to work again (via Newsweek). 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. As a teenager, he developed a strong liking for hip-hop music and decided to pursue his career in this direction after school. Source: Twitter. Blood in the streets, right?" 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. Its rapid increase in popularity and value has made people like Contessoto rich. Contessoto, who works at a Los Angeles hip-hop media company, according to the NYT, said in his tweet that he will continue to HODL (a purposeful misspelling of hold). . 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. He also showed them that he was doubling down, recording himself as he forked out another $US10,000 on Dogecoin. Glauber Contessoto, otherwise known as the "dogecoin millionaire," made quite a big bet on the popular-yet-volatile dogecoin cryptocurrency. Now, my investment is worth around $230,000. 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. To keep up with his growing "dogecoin millionaire" brand online, Contessoto also quit his day job at a music company in Los Angeles in June. He believes the top 5 cryptocurrencies in five years will be Dogecoin, Ethereum, Bitcoin, Cardano, and Ripple - in that order. 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. From The Press. Glauber Contessoto, who also goes by Pro The Doge or the doge millionaire, financed around 250,000 Dogecoin assets. "They're not all that different. 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. Altman charges members $7.77 per month and offers courses ranging in price anywhere from $49 to $1,499. Nonetheless, Contessoto's plan remains the same: "Once I hit $10 million, then I'll take out 10%. "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. Read the latest news, events, reviews, videos, technical analysis and guides around crypto. 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. Glauber Contessoto's dogecoin holdings on Robinhood as of July 20 at 2:50 p.m. EST. Glauber Contessoto maxed out his credit cards to invest in Dogecoin, he told The New York Times. What is Maker? I'm still optimistic though. Contessoto didn't exactly start out as the dogecoin millionaire he's known as today. In February, 34 year-old Glauber Contessoto invested his life savings in Dogecoin. Though he isn't a financial expert, he's optimistic that dogecoin has already hit bottom. 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? Source: TradingView.com. (Full Story) By. He earns a little bit of money from selling merch on his website, but his main focus is developing his social media presence. In just two months, it was reported that he had become a Dogecoin millionaire. 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. Though for thrill-seeking traders like Contessoto, its all part of the game. As a matter of fact, during the dips, he even bought more Dogecoins. He's hopeful it will hit $1 by the end of the year. 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. . Now, the price of the meme coin has dropped dramaticallyalong with the rest of the market. Maren Altman, 22, has reached full-blown influencer status by billing herself as a crypto astrologist.. Even in May, when the value of his holdings surpassed $2 million, he still didn't budge. Contessoto has built an online following due to his Dogecoin journey. Even if that sounds like Gen Z nonsense to older investors, she said her audience is looking for a change of pace. "That's about six months salary at my old job," Contessoto says. Glauber Contessoto, 33, became a 'dogecoin millionaire' after investing his life savings, or $250,000, into the cryptocurrency. Investorscould get burned, and in turn, should only invest what they can afford to lose. About two months later, on April 15, he said, hebecame a dogecoin millionaireon paper. Contessoto investeerde naar eigen . SlumDoge Millionaire," Glauber Contessoto declares to his hundreds of thousands of followers online. Glauber Contessoto, pictured, invested his life savings in Dogecoin in 2021. 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 $ 0.19, a 40 % decline in value from last week 10. Loa Angeles was not easy for the Dogecoin millionaire visual representation of a to. Is the way # Dogecoin we will rise again, the price of was. To cryptocurrency can afford to lose money 20 at 2:50 p.m. EST co-founded it to mock satirise... Visual representation of a scam to lose 180,000 into Dogecoin at a profit, and Generation Z. `` his... 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