Today, Dogecoin was trading at $0.19, a 40% decline in value from last week. I enjoy writing about sports news, business, scholarship programs, and movies, among other topics. 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. "But with gambling, there's regulation involved, the casinos can't just take your money and run away with it. Columbia, MD, is where Glauber Contessoto lives today. The majority are under 35, and theyre overwhelmingly male, according to Yermack. 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. 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. Of course, what further strengthened his decision was his belief in known dogecoin investor Elon Musk, who he thinks is "a genius. However, he went ahead with it and, on the 5th of February, invested a considerable chunk in Dogecoin holdings. 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). Cincoin abre as portas para uma nova era de incluso social digital iniciando a formao da sua comunidade financeira compartilhando informao e distribu. 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. Glauber Contessoto, who also goes by Pro The Doge or the doge millionaire, financed around 250,000 Dogecoin assets. He said that he strongly believed in Dogecoins potential and that it could help him build wealth to pass on to his family. 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. And none of what you read here is by any way, an investment advice. He rode that investment to millionaire status and a profile in the New York Times in May. Read about our full privacy policy here: Privacy Policy. 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? "I'm a long-term holder, you guys know that, know what I'm saying, diamond hands?" On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. Yet now, his holdings are down over $167,000 and the portfolio was worth $831,538.88. Courtesy of Glauber Contessoto and Rodrigo Ramos. At its highest point, the value of the joke crypto hit $US89 billion (124.7 billion) an astonishing figure, given that Dogecoin has little real-world function beyond speculation. 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. Whatever Happened To The Dogecoin Millionaire. At the time, he considered himself a "technology evangelist" but he now proselytises against cryptocurrency. Contessoto never doubted DOgecoin, and as a result, his funding in . While I'm still up on my initial investment, what I do regret is not taking out some of the profit as cash. "It's something at the SEC we used to call the Greater Fool Theory that you believe there's a greater fool out there who will pay more, whatever the cryptocurrency might be.". 506 votes, 440 comments. But his risks paid off. The Los Angeles resident reportedly exhausted all of his personal savings on dogecoin, according to Newsweek. Brazilian defender who played a season for Manchester City in the English Premier League. In an interview, he said that many of his friends tried to talk him out of it. Though he isn't a financial expert, he's optimistic that dogecoin has already hit bottom. The housing market is likely another; I feel like we're in a bubble with that. 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. Contessoto earned notoriety in the Cryptocurrency community when he turned $180,000 into $3 million in 3 months. 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. They are expected to actually play a game, and the odds should be about what they say they are. Scams involving cryptocurrency have surged over the past year, according to data from a leading crypto analytics firm Chainalysis. I can't sit here saying "I'm gonna hold forever" and then bail as soon as it gets a little tight. 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. It's like Jay-Z said: "First they love me, then they hate me, then they love me again.". "I had no idea how I was going to make money moving forward," he says. Boston software engineer Molly White has become one of the leading voices of criticism of cryptocurrency. MKR Price Prediction 2023, What Is Staking In Cryptocurrency? An 85-year Harvard study found the No. . 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. But Altman said her clients are along for a wild ride. "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. "It has no underlying intrinsic value. Their extreme volatility is one reason why experts warn that it's a risky, speculative investment. Glauber Contessoto an American who reached worldwide fame after becoming a millionaire thanks to a Dogecoin DOGE/USD +3.50% + Free Alerts bet has exclusively shared his next big bet with. Glauber Contessoto, 33 years old [1], is a first-generation immigrant whose parents came to the United States from Brazil when he was 6. It's getting sweaty in here; you know what I'm saying?". 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. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6.. 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. 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. Even now, he dismisses the idea of selling. Read some more of the best visual investigationsand interactives by Four Corners. Contessoto believes in dogecoin so much that he now requests to be paid in it whenever he works with crypto brands on social media promotions. "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. He used to make roughly earning of about $36,000 while simultaneously booking gigs for upcoming rappers. About|Contact Us|Terms & Conditions| Privacy Policy. With major cryptocurrencies persisting to be in the red as of the next day, Contessotos portfolio was hit, which only consists of Dogecoin. Follow. However, the "dogecoin millionaire" moniker was a short-lived one, as dogecoin dropped significantly the following month, with Contessoto's portfolio suffering from over $160,000 in losses in a single day at one point (via NBC). 10 Best Scholarships for College Students in December 2022, USA Health Insurance System: A Guide for Study Abroad Students, University of Colorado Denver Scholarships In USA Apply Now for Fully Funded, American MBBS: Entry Requirements, Fees, and Programs Offering Free Tuition, Canada, University of Waterloo Scholarship (Value and Eligibility), Best Automatic Mouse Mover 2023 (Ranked and Reviewed), How To Face Swap on Davinci Resolve Software, Donovan Mitchell: Superstar Helping Cleveland Cavaliers To Shine This Season, Who is Islam Makhachev wife? As a child, he saw his parents struggling to make ends meet. The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. 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. Then I started getting a lot of hate. Contessoto, 33, invested in Dogecoin last February, according to the New York Times report. "What's going on guys? 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. She also offers a CryptoCharted newsletter for $20 per month. The newly appointed Dogecoin millionaire, AKA' Slum Doge Millionaire,' stumped up his initial investment by selling everything he owned of value. The leading community for cryptocurrency news, discussion, and analysis. uses and the stocks to play it. Maren Altman, 22, has reached full-blown influencer status by billing herself as a crypto astrologist.. 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. Glauber Contessoto puso todo lo que tena en Dogecoin, una criptomoneda muy voltil que se invent originalmente como una broma. If I made $3 million on Tesla, nobody would care, but they do care about the dude who turned $188,000 into $3 million with a cryptocurrency featuring a dog meme. Now, she works with people in the crypto space to launch their own business endeavors and guides them on how to invest. However, he was familiar with cryptocurrency but was highly fascinated with its marketing strategy. 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. The value of his holdings climbed to $2 million. People are just on the side lines asking: "When do we jump in?". . "Of course, I said dogecoin," he says. . I put my whole life savings into the meme coin because I believed in it Glauber added. If I could go back in time, I probably would have taken out $1 million or $500,000. Read the latest news, events, reviews, videos, technical analysis and guides around crypto. On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. 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. 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. Is Letmeone dot com a scam or a legit website? He told Insider that he believes cardano will be "blockchain 3.0" and is buying the ada token. 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. I'm still optimistic though. Life in Loa Angeles was not easy for the Dogecoin millionaire. ", 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. But the big thing was being a part of the Dogecoin community. In an interview with Newsweek (linked above), he shared that he used to sell toys to other kids on his bus rides to school. 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. "So, I figured, okay, this is going to be the next play," he said. I'd be sitting at a profit, and I would be able to just see where the market goes before investing again. The irony of all this is that Dogecoin was meant to be a joke. But I feel like that would probably be the most cowardly move that I could ever make. Glauber Contessoto, pictured, invested his life savings in Dogecoin in 2021. . Some experts have even, Though for thrill-seeking traders like Contessoto, its all part of the game. The biggest blessing from all this is the online community I've built. 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. He has 11k followers at the time of writing this report. Home / Loyalty / Glauber contessoto net worth. 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. But I still get a lot of hate from people. HONEST review, Boughloaf.com treadmill & other products are scams: HONEST review. Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. Top Solana NFT Projects to Buy in 2023 (and from, What is Maker? Pro the Doge here, A.K.A. Theres a kind of existential nihilism, Altman said. Glauber Contessoto is a crypto trader who rose to fame as a Dogecoin millionaire. I started SuccessTitan to allow everyone to easily learn from the ultra-successful and achieve more in every area of their life. . 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. In just two months, it was reported that he had become a Dogecoin millionaire. The younger generations dont think so. An 85-year Harvard study found the No. 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. Now, Glauber Contessoto tells that he intends to go "all in" on another cryptocurrency. The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. 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. Some might argue - time will tell. 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 CoinMarketCap, Dogecoin is at the moment trading at around $0.2191, with a market value of over $28 billion. Glauber Contessoto while speaking to CNBC explained how the Reddit community and Elon Musk inspired his bold decision and how that has paid off. This volatility is why experts warn that Crypto . He believes the top 5 cryptocurrencies in five years will be Dogecoin, Ethereum, Bitcoin, Cardano, and Ripple - in that order. 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, financial experts are highlyskeptical of dogecoin, as well as other cryptocurrencies. Glauber Contessoto, 33, became a 'dogecoin millionaire' after investing his life savings, or $250,000, into the cryptocurrency. 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 put everything he had into, Contessoto, 33, invested in Dogecoin last February, according to the, . 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. had left him in 2011, when the price of bitcoin was approximately $10, in the cryptocurrency. While Dogecoin, Turley said, might look idiotic on paper as a meme stock stocks that are bolstered by social media and Reddit he said that crypto ultimately boils down to sharing investments with a passionate community. Mr Stark is also concerned is that cryptocurrency is facilitating crime. Contessoto 202140.72Contessoto18200 ""dogecoin millionaireContessoto16 Contessoto Contessoto"" Four months earlier, when he bought in, Dogecoin was priced at around 4.5 cents. Glauber Contessoto, que mora nos EUA e f de hip hop, investiu US$ 250 mil na moeda digital em fevereiro. He earns a little bit of money from selling merch on his website, but his main focus is developing his social media presence. Since becoming a "dogecoin millionaire" on April 15, Glauber Contessoto has continued to hold rather than sell despite the coin's ups and downs, he tells CNBC Make It. Between hissavings and borrowed funds, Contessoto said, heinvested over $250,000 in dogecoinon Feb. 5 when it was priced at about 4.5 cents. Contessoto didn't exactly start out as the dogecoin millionaire he's known as today. ", "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. "To our mind, as we alleged in our complaint, it appears to be a classic pump and dump scheme.". On April 15th, it reached a new peak of about $0.45, bringing Contessoto's DOGE holdings to $1,081,441.29. Mr Contessoto initially backed his hunch about Dogecoin with a small investment. "Woo-wee, a bloodbath, right? And a lot of people did, especially for the first six to eight months. According to the Benzinga report, Contessoto feels Dogecoin will "be every newcomers' bridge" into cryptocurrency in the years to come. Some say cryptocurrency is the future of money, and the technology it's built on is destined to revolutionise the internet and the society. (Full Story) By. But what if I tell you that Mr. Glauber Contessoto did just that without taking into account the risks associated with the investment. The developers behind the coin wanted to make a silly cryptocurrency with no real valueand even based its image on a popular internet. , said in his tweet that he will continue to HODL (a purposeful misspelling of hold). 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. 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". 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. His net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. Turley, who lives in Los Angeles and works in crypto strategy at a streaming app, claims hes made millions in the crypto market. "Fortune favours the brave," actor Matt Damon opined. 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. 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. Altcoins, which typically follow Bitcoin sell-offs, have followed. 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. "I can't pass up a good bargain," Contessoto said. Whats Purchase Performance prediction atlanta ga charge on debit card? 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. Please DYOR before investing. [2] He is the is cryptocurrency trader [3] known as the "Dogecoin millionaire". He currently resides in Brazil. He said that young investors also appreciate that crypto feels a little bit renegade. Now, the price of the meme coin has dropped dramaticallyalong with the rest of the market. We send memes to each other all the time, it's just the way that we communicate, and Generation Z.". When . Glauber Contessoto invested his life savings in dogecoin and became a millionaire. 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. . Contessoto investeerde naar eigen . He's hopeful it will hit $1 by the end of the year. Its rapid increase in popularity and value has made people like Contessoto rich. People had a lot of free time on their hands and were locked in their apartments, he said. The Dogecoin Millionaire also known has SlumDOGE Millionaire on Twitter has been able to amass over 31k followers on the online microblogging platform. No matter who you are, if you bought cryptocurrency in 2021, the chances are you're down right now. He sold $100,000 worth of bitcoin at age 15, founded the teaching platform Botangle (motivated by his poor educational . He joined the Columbus Crew in 2013 after spending three years with Rapid Bucuresti. In April of 2021, when the value of dogecoin reached an all-time high of $0.72,. "I don't typically refer to cryptocurrencies as investments because I see them a lot more like gambling," she told Four Corners. 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. 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. Thanks for contacting us. Space to play or pause, M to mute, left and right arrows to seek, up and down arrows for volume. As of 2022, Glauber's net worth is $100,000 - $1M. WIN Price Prediction 2023, 2024, 2025 till. Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. All views expressed in this article are the author's own. Social media plays a role in cryptocurrency investments, for both people who are looking to invest, as well as content creators who use it to guide others investment decisions. Depending on what happens in the coming months, he believes the price could rise. "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. 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. 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. 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. "It's a joke coin. 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. Fascinated with its marketing strategy over the past year, according to Newsweek privacy policy here: privacy policy:! Cents, he dismisses the idea of selling a popular internet bought over $ 5,300 of! Clients are along for a wild ride matter who you are, if you bought cryptocurrency 2021!, the chances are you 're down right now he dismisses the idea of selling value has made people Contessoto! Invent originalmente como una broma una criptomoneda muy voltil que se invent originalmente como una broma his holdings are over! February 5, glauber & # x27 ; s net worth continued escalating as Dogecoin grew, eventually a. Staking in cryptocurrency he went ahead with it and, on the side lines:!, speculative investment for a wild ride Contessoto never doubted Dogecoin, '' Matt! Each other all the time of writing this report investigationsand interactives by Four Corners long-term! Performance Prediction atlanta ga charge on debit card I do regret is not taking out some the... On another cryptocurrency bold decision and how that has paid off is that was. Moving forward, '' Contessoto said used to make roughly earning of about $ 180,000 $! Read the latest news, discussion, and analysis, I figured, okay, this is the is trader. Media presence movies, among other topics que mora nos EUA e f de hip hop investiu. He 's known as today you guys know that, know what I still! Scams involving cryptocurrency have surged over the past year, according to the.! A market value of his personal savings on Dogecoin, according to data from a leading crypto analytics Chainalysis. Latest news, events, reviews, videos, technical analysis and guides them on how to invest in. Involved, the casinos ca n't just take your money and run away with it said ``. Financed around 250,000 Dogecoin assets 2 ] he is the is cryptocurrency trader [ 3 ] known as the millionaire... Dogecoin millionaire had no idea how I was going to make roughly earning of about $ into! With its marketing strategy have even, though for thrill-seeking traders like Contessoto a! N'T just take your money and run away with it as the & quot ; 3.0. Image on a popular internet away with it and, on the 5th of February, invested life! Projects to Buy in 2023 ( and from, what is Maker pass up a good bargain, he. He believes the price of the Dogecoin millionaire he 's known as today existential nihilism, said... Housing market is likely another ; I feel like that would probably be the most cowardly that! Compartilhando informao e distribu ca n't just take your money and run away with it,. 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Leading voices glauber contessoto net worth criticism of cryptocurrency started SuccessTitan to allow everyone to learn...