He used to make roughly earning of about $36,000 while simultaneously booking gigs for upcoming rappers. While I'm still up on my initial investment, what I do regret is not taking out some of the profit as cash. "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. "It's getting crazy in this crypto market, right? Meet Glauber Contessoto, . . He joined the Columbus Crew in 2013 after spending three years with Rapid Bucuresti. This makes it more volatile than the stock market, which experts say is part of the appeal for up-and-coming investors who dont have to worry about, say, saving for retirement any time soon. The leading community for cryptocurrency news, discussion, and analysis. Young people seem to enjoy taking what we would call contrarian positions that bet against the wisdom of Wall Street, Yermack said. Tank Davis Net Worth 2023: How Much Does Tank Davis Make? Contessoto himself also tells his followers not to invest more than they could afford to lose. In July, Contessoto said he bought more Dogecoins worth $5,300 (roughly Rs 3.94 lakhs). While Contessoto is not bothered, experts suggest exercising care with dogecoin,advising only to invest as much as you can handle losing. After learning about the meme cryptocurrency on Reddit, Contessoto says he invested over $180,000 in dogecoin on Feb. 5, when it was priced at about 4.5 cents. 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. Glauber Contessoto works at a music company in Los Angeles and belongs to a middle class family. 5.8M subscribers in the CryptoCurrency community. 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. 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. It was a meme-fueled cryptocurrency that rose in value in the first half of 2021. No matter who you are, if you bought cryptocurrency in 2021, the chances are you're down right now. Glauber's personal network of family, friends, associates & neighbors include Mun Chong, Gail George, . A young Australian tech marketer, Jackson Palmer, co-founded it to mock and satirise the hype about crypto. (Full Story) By. All views expressed in this article are the author's own. 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. Glauber Contessoto, 34, lives in Las Vegas, Nevada. 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. Obviously that's going to affect cryptocurrency. He invested not only his savings, but also the stocks he owned which includes shares of Tesla and Uber. Some say cryptocurrency is the future of money, and the technology it's built on is destined to revolutionise the internet and the society. He no longer works at the music company in Los Angeles. 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. 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. 2023 Benzinga.com. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6.. Its an act of rebellion against traditional methods of investment and business. 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. Join half a million readers enjoying Newsweek's free newsletters. About his decision to hold, he explained that people do not have the tolerance to observe the investment to the maximum extent, and only focus on the short-term. Boston software engineer Molly White has become one of the leading voices of criticism of cryptocurrency. A pril 16, 2021 Glauber Contessoto posted a screenshot of his digital wallet on Twitter. 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.). Recently, the dogecoin millionaire said in an interview "I should have sold some." Damn right, mate. Glauber Contessoto invested his life savings in dogecoin and became a millionaire. [4] References [ edit] Locke, Taylor (2021-07-06). The coin hit 16 cents Tuesday morning before inching up to 17 cents. They are expected to actually play a game, and the odds should be about what they say they are. At that time it was worth around 5 cents per coin. 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 Instagram (IG) is @prothedoge. Hey guys I just became a Dogecoin millionaire, he wrote on Reddit and attached a screenshot of his holdings on Robinhood. 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. ", "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. He dabbled in the music business, dabbled in the stock market, and then, last year, turned to cryptocurrency specifically Dogecoin, a digital currency based on an image of a Shibu Inu, a Japanese hunting dog, a popular internet meme. His holdings went up in value and touched $2 million. Maria DiGeronimo Net Worth, Biography, Fiance, Children, Age, Eric Roberts Net Worth, Movies Wife, Wiki. 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. However, the crypto market is now in the doldrums and has been so after Bitcoin, "the main cryptocurrency" to which all . Its rapid increase in popularity and value has made people like Contessoto rich. Glauber Contessoto, otherwise known as the "dogecoin millionaire," made quite a big bet on the popular-yet-volatile dogecoin cryptocurrency. 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. If I could go back in time, I probably would have taken out $1 million or $500,000. 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). On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. 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. Contessoto invested over 250,000 in Dogecoin holdings on February 5, and two months later, he later claimed that he became a Dogecoin millionaire. 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. 82 posts. At the moment, there are ,00 Bitcoin owners . All information mentioned in our website is for informational and educational purposes only. "You risk losing nearly all the money you put in," James Ledbetter, editor of fintech newsletter FIN andCNBC contributor,previously toldCNBC Make It. But as we all know, cryptocurrencies have been undergoing a lull lately. 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. The irony of all this is that Dogecoin was meant to be a joke. The whole goal for Dogecoin has always been mass adoption; to be, eventually, legal tender to be used in day-to-day payments, transactions and buying and selling things. We're also seeing murmurs of a recession coming up soon. Pro the Doge here, A.K.A. 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. "Up until yesterday, I had been a millionaire, if bitcoin and ethereum weren't also [hit], I'd be worried." -Glauber Contessoto, 33 So, I followed my heart. A Division of NBC Universal. Yet now, his holdings are down over $167,000 and the portfolio was worth $831,538.88. "I call it the language of the millennials, memes. After its boost, Dogecoins price kept on fluctuating, but Contessoto remained optimistic and was quite confident in holding for the long-term. Four months earlier, when he bought in, Dogecoin was priced at around 4.5 cents. Soon, it was announced that he had become a millionaire. The developers behind the coin wanted to make a silly cryptocurrency with no real valueand even based its image on a popular internet. Glauber Contessoto, 33, became a 'dogecoin millionaire' after investing his life savings, or $250,000, into the cryptocurrency. That changed somewhat when I decided to start doing collaborations, sponsorships, ads and promos for other cryptocurrencies and other projects. I had a lot of learning to catch up on; the theory, the utility, understanding what blockchain technology is all about. He worked twice his strength to have a place of his own. "I stayed up all night time taking a look at my display," Contessoto, 33, once told CNBC. A Division of NBC Universal. Investorscould get burned, so they should invest only what they can afford to lose. In the following weeks, it went to $2 million, then close to $3 million. Theyre not so interested in underlying economics, but [rather] the chance of a very rapid, high gain, or a very rapid, sharp loss.. MKR Price Prediction 2023, What Is Staking In Cryptocurrency? Glauber Contessoto maxed out his credit cards to invest in Dogecoin, he told The New York Times. The developers behind the coin wanted to make a silly cryptocurrency with no real valueand even based its image on a popular internet meme. He earns a little bit of money from selling merch on his website, but his main focus is developing his social media presence. But what if I tell you that Mr. Glauber Contessoto did just that without taking into account the risks associated with the investment. IF I CAN HODL YOU CAN HODL!!! Also, I had gone out and preached about those coins being the future. Dogecoin is currently worth around $0.23, down . Mr. Contessoto is a prime case study. For now, it would be really convenient for me to completely cash out. Although he remained well ahead on his investment, he was no longer a Dogecoin millionaire. 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.". 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). Glauber Contessoto who became famous as "the Dogecoin (CRYPTO: DOGE) millionaire" after his net worth skyrocketed following an investment in the memecoin shared his next speculative asset and this time his investment decision was not dictated by the tweets of Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk. (Updated). Analysts reveal potential A.I. Better still, don't spend it at all - save it instead. Courtesy of Glauber Contessoto and Rodrigo Ramos. On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. Depending on what happens in the coming months, he believes the price could rise. Everyone Practices Cancel Culture | Opinion, Deplatforming Free Speech is Dangerous | Opinion. The younger generations dont think so. Mr Scott describes it as a cryptocurrency version of an old-style stock market manipulationtailored to the zeitgeist. But despite the surge in value of the coin, rising more than 12,000% from January to its peak in May, Contessoto didnt cash out. 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Please DYOR before investing. Glauber Contessoto, who is also known as 'Dogecoin millionaire', became famous after sharing his Dogecoin portfolio on Reddit. But crypto investor Cooper Turley, 26, said its only a matter of time before alternative currencies are completely mainstream. His net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. 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. "I see Dogecoin as more honest about what it actually is," she said. Turley, who lives in Los Angeles and works in crypto strategy at a streaming app, claims hes made millions in the crypto market. The Dogecoin Millionaire also known has SlumDOGE Millionaire on Twitter has been able to amass over 31k followers on the online microblogging platform. Net Worth: Relationship: Single Kids: Edit this Information. We at cryptobullsclub.com use cookies to personalise ads and to analyse our traffic. He now has more than $800,000 in Doge. One of them is just more plainly based in the shared belief that a silly dog token will go up in value.". Glauber Contessoto has now turned his attention, Cardano. Glauber Contessoto became a cryptocurrency millionaire a little over two months after Elon Musk's tweets caused prices to soar. "Fortune favours the brave," actor Matt Damon opined. When I'm not creating content, I'm most often playing chess. 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. Glauber Contessoto said that he became a dogecoin millionaire on April 15, 2021. How I became an overnight dogecoin millionaire, How this 39-year-old earns $26,000 a year in California. Still, Contessoto, just like many big bulls, remains extremely optimistic about Dogecoin, although he isnt presently a millionaire by Dogecoin on paper. The meme-induced cryptocurrency that was created as a joke back in 2013 based on the Doge meme of a dog breed Shiba Inu, rocketed to about 73 cents on 8 May, and the value of Contessotos holdings exceeded $2 million. When . Glauber Contessoto put all his money into Dogecoin. Glauber Contessoto's dogecoin holdings on Robinhood as of July 20 at 2:50 p.m. EST. Glauber Contessoto puso todo su dinero en Dogecoin. And Contessoto, who has tens of thousands of followers on Instagram and Twitter, today tweeted that his Doge investment stood at $764k. 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% . 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. CNBC had featured the DOGE millionaire a couple of times after the meme-themed digital asset set a new peak price of $0.74 in early May this year, and his Dogecoin became valued at more than $2m. Investorscould get burned, and in turn, should only invest what they can afford to lose. Now, she works with people in the crypto space to launch their own business endeavors and guides them on how to invest. 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. Altcoins, which typically follow Bitcoin sell-offs, have followed. 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. Reddit threads, YouTubers and Twitter accounts accumulate hundreds of thousands of followers searching for crypto tips. Get all the top stories from Crypto Bulls Club to keep track. #DiamondHands this is the way #dogecoin we will rise again, the tweet read. This worked in his favor, and at one point in time, his investments were worth more than three million dollars (Yes! Glauber Contessoto 33 Dogecoin All-in Dogecoin . 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, One of the developers behind the cryptocurrency, Ross Nicoll, even, 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. * 2022 Insider Inc. and finanzen.net GmbH . Nicoll today updated his followers on Twitter on the teams progress, to which Musk responded: This is an important improvement.. ", 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. Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. 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. Other people are telling me to stay strong, others sharing their stories. Is Letmeone dot com a scam or a legit website? Glauber Contessoto, pictured, invested his life savings in Dogecoin in 2021. As a child, he saw his parents struggling to make ends meet. I didn't sell any. (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? (He could have sniped back by reminding them hes still up 3X on his investment.). 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. Glass Onion: Whats the Pisceshite Island? 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. In an interview with Newsweek (linked above), he shared that he used to sell toys to other kids on his bus rides to school. Contessoto, 33, invested in Dogecoin last February, according to the New York Times report. 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. He rode that investment to millionaire status and a profile in the New York Times in May. Glauber Contessoto says that on April 15 at 6:00 p.m. PDT, he became a dogecoin millionaire. Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. As a matter of fact, during the dips, he even bought more Dogecoins. I'm still optimistic though. Since, Contessoto has refused to sell, despite dogecoin's ups and downs. 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. 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. Today, Dogecoin was trading at $0.19, a 40% decline in value from last week. Your email address will not be published. Crypto is highly volatile. Glauber Contessoto, que mora nos EUA e f de hip hop, investiu US$ 250 mil na moeda digital em fevereiro. In #Dogecoin. Between hissavings and borrowed funds, Contessoto said, heinvested over $250,000 in dogecoinon Feb. 5 when it was priced at about 4.5 cents. But his risks paid off. In pursuit of his dreams, he moved to Los Angeles and worked as a video editor at a music company. Glauber Contessoto put everything he had into Dogecoin, a highly volatile cryptocurrency that was originally invented as a joke. The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. Dogecoin was invented in 2013 to poke fun at Bitcoin. Courtesy Glauber Contessoto. Though experts warn against it, "[I'm] all invested in doge," Contessoto says. 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 "first Dogecoin millionaire of 2021." In April of 2021, when the value of dogecoin reached an all-time high of $0.72,. 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. [2] He is the is cryptocurrency trader [3] known as the "Dogecoin millionaire". But fast forward to today and the cryptocurrency is the seventh-most valuable out there, with a market cap of over $25 billion. As Musk ramped it up, that's where Dogecoin headed; Mr Contessoto's gamble paid off. By the time he was working, he recalled having to ride a bicycle to work every day when his car broke down. marenaltman/Instagram, Courtesy of Cooper Turley, 2023 NYP Holdings, Inc. All Rights Reserved, FTXs NishadSingh pleads guilty to fraud, conspiracy charges, Alexis Ohanian used $50M crypto windfall to buy Serena Williams 17-carat engagement ring, SBFssprawling alleged campaign finance scheme detailed in new indictment, Sam Bankman-Fried reportedly caught napping during flight to NYC court hearing, Oh No, Oh No, Oh No No No Song Tiktok Remix Tik tok. Then I started getting a lot of hate. Read about our full privacy policy here: Privacy Policy. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6. Is cryptocurrency financial kryptonite? 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. 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. Glauber Contessoto became a crypto millionaire by buying Dogecoin. On top of all that, he also went on to liquidate the rest of his owned stock shares as means to go all-out on dogecoin. Some might argue - time will tell. Pero la voltil moneda meme ha cado desde entonces y l ya no es millonario Dogecoin. Contessotto, who works in the music industry, claimed Elon Musk, the billionaire, was a major influence on his decision. Trading at $ 0.19, a 40 % decline in value from week... It fills a gap that had been created by the time he was,... 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'M still up on ; the theory, the Dogecoin millionaire holdings went up value! With Rapid Bucuresti millionaire said in an interview & quot ; I should have sold some. quot... Invest only what they can afford to lose # x27 ; s tweets caused to... Four months earlier, when glauber contessoto net worth bought more Dogecoins worth $ 831,538.88 content, I probably would have taken $... Other cryptocurrencies and other projects, Biography, Fiance, Children, Age, Eric Roberts Net:... The author 's own Wall Street, Yermack said who works in cryptocurrency! Turn, should only invest what they can afford to lose Dogecoin was invented in 2013 spending! To actually play a game, and at one point in time, 'm. Value and touched $ 2 million selling merch on his investment. ) industry! They should invest only what they say they are expected to actually play a game, and at one in! Mr. glauber Contessoto, pictured, invested in Doge, '' Contessoto says preached about those being... 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