In a tweet in April, he claimed to be the "first Dogecoin millionaire of 2021." 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. "So, I figured, okay, this is going to be the next play," he said. Whats really exciting about crypto is that for the first time in history, we can place a financial value on social capital.. The leading community for cryptocurrency news, discussion, and analysis. he said on the video, "and I'm going to keep on holding it.". 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. He said VeVe is "full of officially licensed NFTs from some of the biggest legacy brands in the game from Disney, Marvel, Universal and even Cartoon Network. Contessoto, who works in a music company, refuses to sell his investment in dogecoin despite losing $167,000 in one day. Glauber Contessoto Tweet. 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. At the moment, there are ,00 Bitcoin owners . However, he is looking forward to growing his brand online. Columbia, MD, is where Glauber Contessoto lives today. In pursuit of his dreams, he moved to Los Angeles and worked as a video editor at a music company. Dogecoin was invented in 2013 to poke fun at Bitcoin. All information mentioned in our website is for informational and educational purposes only. So in 2019, he started investing in renowned companies like Uber and Tesla on Robinhood, which is a commission-free trading app. At the Superbowl, the championship playoff of America's National Football League, hyper-expensive television advertising slots were taken up by rival cryptocurrency exchanges using celebrities to encourage people to dive in. "Doge is my savings account.". "I see Dogecoin as more honest about what it actually is," she said. 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. 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. When I went into this dogecoin investment, I planned on being in it for at least a year, I put in my life savings because I knew I would eventually become a millionaire, said Glauber. The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. All of those things are now a lot easier to do because of cryptocurrency.". Your email address will not be published. He put in all of his money (life savings) and even credit card debt to invest a quarter of a million dollars in Dogecoin (digital currency). Some experts have even said that we are now entering a bear market. "Of course, I said dogecoin," he says. All views expressed in this article are the author's own. Glauber Contessoto is a crypto trader who rose to fame as a Dogecoin millionaire. It's like Jay-Z said: "First they love me, then they hate me, then they love me again.". (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? Meet Glauber Contessoto, . After its boost, Dogecoins price kept on fluctuating, but Contessoto remained optimistic and was quite confident in holding for the long-term. Amid the rout, Mr Contessoto was counting the cost. "People who invest in cryptocurrencies areenormously motivated to speak highly of them," Ms White argues, "because as the more people who also invest in that cryptocurrency the more their investment goes up.". Education + Add. About two months later, on April 15, he said, hebecame a dogecoin millionaireon paper. "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.". "I believe it's one big Ponzi scheme," he told Four Corners. According to the complaint, a business called EthereumMax paid celebrities to whip up hype about their "Emax" token. 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. Theres a kind of existential nihilism, Altman said. While casually browsing Reddit, a post about Dogecoin attracted his attention. Glauber Contessoto an American who reached worldwide fame after becoming a millionaire thanks to aDogecoinDOGE/USD bet has exclusively shared his next big bet with Benzinga. 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. Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. 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. The housing market is likely another; I feel like we're in a bubble with that. 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. Mr Contessoto has the kind of rags to riches tale that has drawn many people to cryptocurrency. Glauber Contessoto believes deeply in Dogecoin, betting his life savings on the cryptocurrency's performance. I've already decided that whatever happens, happens. The biggest blessing from all this is the online community I've built. 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. In reality, crypto prices dropped. A dollar invested in Dogecoin on Jan. 1 would be worth $203 today much more than a comparable investment in . Boston software engineer Molly White has become one of the leading voices of criticism of cryptocurrency. This volatility is why experts warn that Crypto . Glauber Contessoto, 34, lives in Las Vegas, Nevada. All Rights Reserved. So far, her record is a bit uneven. Tank Davis Net Worth 2023: How Much Does Tank Davis Make? We know that Glauber is single at this point. Nonetheless, Contessoto's plan remains the same: "Once I hit $10 million, then I'll take out 10%. ", Investors are mounting big bets against these 2 A.I. Altman charges members $7.77 per month and offers courses ranging in price anywhere from $49 to $1,499. Glauber Contessoto maxed out his credit cards to invest in Dogecoin, he told The New York Times. 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). I feel like the war in Ukraine is a big reason. As the New York Times magazine reports, Glauber Contessoto, 33 years old, made his initial investment in the blockchain technology in February 2020. I feel like when the next cryptocurrency bull run happens, everyone will have a cryptocurrency wallet ready. Cryptocurrency gained traction with the emergence of Bitcoin 12 years ago, and has since grown to include more than 10,000 types of coins. He sold $100,000 worth of bitcoin at age 15, founded the teaching platform Botangle (motivated by his poor educational . "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. I started SuccessTitan to allow everyone to easily learn from the ultra-successful and achieve more in every area of their life. But I'm still trying to make money, I still need to make a living. The price of Dogecoin has dropped to $0.264 at the time of publishing, but Contessoto . In February 2021, I put $188,000my life savingsinto Dogecoin. Glauber Contessoto's dogecoin holdings on Robinhood as of July 20 at 2:50 p.m. EST. uses and the stocks to play it. Glauber Contessoto, 33, in Los Angeles, put his life savings into Dogecoin, turning $250,000 (180,000) into $3.2m at the cryptocurrency's all-time high, when Dogecoin hit 72 cents per coin. 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. People are just on the side lines asking: "When do we jump in?". "It has no intrinsic value and it could just as easily come crashing down in price as continue to go up.". 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. Glauber Contessoto, 33, became a dogecoin millionaire after investing his life savings, $250,000, into the cryptocurrency when it was at $0.045. But, "if it drops below 20 cents next week, I'll buy the dip again," Contessoto says. The Dogecoin Millionaire also known has SlumDOGE Millionaire on Twitter has been able to amass over 31k followers on the online microblogging platform. The top cryptocurrencies by market value, including bitcoin and ether, are plunging on Tuesday amid a sell-off. 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. Now, the price of the meme coin has dropped dramaticallyalong with the rest of the market. But on Monday . Recently, the dogecoin millionaire said in an interview "I should have sold some." Damn right, mate. Better still, don't spend it at all - save it instead. 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. This financial instability became his driving force to become wealthy and successful. Obviously that's going to affect cryptocurrency. But crypto investor Cooper Turley, 26, said its only a matter of time before alternative currencies are completely mainstream. "It has no intrinsic value and it could just as easily come crashing down in price as continue to go up. In an interview, he said that many of his friends tried to talk him out of it. 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. Required fields are marked *. Meanwhile, however, the entire crypto market is suffering at the moment. "Woo-wee, a bloodbath, right? Yesterday, he announced to the Reddit community that he is now a Crypto millionaire. Get all the top stories from Crypto Bulls Club to keep track. 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. 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. "They're not all that different. Glauber Contessoto bought $180,000 worth of the meme currency in February this year, and has spent the past few weeks watching his investment skyrocket as Dogecoin and other cryptocurrencies' value . Is Testerbuzz.com amazon product tester a scam or legit? However, he still believes that things will turn out good for the cryptocurrency and refuses to give up his stocks. Save my name, email, and website in this browser for the next time I comment. Cincoin abre as portas para uma nova era de incluso social digital iniciando a formao da sua comunidade financeira compartilhando informao e distribu. Contessotto, who works in the music industry, claimed Elon Musk, the billionaire, was a major influence on his decision. . I STILL BELIEVE IN #DOGECOIN, he said on Twitter. stocks, Salesforce results give CEO Benioff breathing room', Fast Money trader Steve Grasso said, Is ChatGPT the tip of the iceberg? 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. Glauber Contessoto works at a music company in Los Angeles and belongs to a middle class family. While I'm still up on my initial investment, what I do regret is not taking out some of the profit as cash. Kardashian's post brought in new investors and pumped up the volume of trading. Now, she works with people in the crypto space to launch their own business endeavors and guides them on how to invest. Mr. Contessoto, legally named Jaysn Prolifiq, was born in Brazil. They are expected to actually play a game, and the odds should be about what they say they are. A pril 16, 2021 Glauber Contessoto posted a screenshot of his digital wallet on Twitter. A Division of NBC Universal. 18.9k Followers, 120 Following, 82 Posts - See Instagram photos and videos from Glauber Contessoto (@prothedoge) prothedoge. He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin. A young Australian tech marketer, Jackson Palmer, co-founded it to mock and satirise the hype about crypto. 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. Even now, he dismisses the idea of selling. Brazilian defender who played a season for Manchester City in the English Premier League. 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. In a tweet, Contessoto celebrated his one-year anniversary since becoming a millionaire albeit momentarily and insisted that he's "just getting started.". Glauber Contessoto said that he became a dogecoin millionaire on April 15, 2021. For us to get there, we have to all believe in the same thing. Glauber Contessoto took a big risk on dogecoin, a meme-inspired cryptocurrency that began as a joke, earlier this year. I'm here for the long run, and if the ship goes down, I'm going down with the ship. The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice. Last month his holdings touched $2 million. The developers behind the coin wanted to make a silly cryptocurrency with no real valueand even based its image on a popular internet meme. 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. Glauber Contessoto, who also goes by Pro The Doge or the doge millionaire, financed around 250,000 Dogecoin assets. "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, pictured, invested his life savings in Dogecoin in 2021. Courtesy Glauber Contessoto. Glass Onion: Whats the inbreathiate meaning? That kind of advertising disturbs John Reed Stark, a lawyer in Washington DC who has spent most of his career at the intersection of law and technology. 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. SlumDoge Millionaire," Glauber Contessoto declares to his hundreds of thousands of followers online. Glauber Contessoto, 33 years old [1], is a first-generation immigrant whose parents came to the United States from Brazil when he was 6. Altcoins, which typically follow Bitcoin sell-offs, have followed. "They were all like, you're crazy," he said. Pro the Doge here, A.K.A. 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. He invested not only his savings, but also the stocks he owned which includes shares of Tesla and Uber. 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. "Obviously, it helped that Elon Musk was also a fan of Dogecoin.". "Imagine the influence that she has," Mr Scott said. Glauber's Dogecoin is now worth $323K. Depending on what happens in the coming months, he believes the price could rise. Glauber Contessoto, who is also known as 'Dogecoin millionaire', became famous after sharing his Dogecoin portfolio on Reddit. How To, Glauber Contessoto: The 33-Year-Old Dogecoin holder Who Refuses To Sell Despite Losing $167,000 Overnight. "Doge is my savings account," he said. 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. Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. . 506 votes, 440 comments. Glauber Contessoto, que mora nos EUA e f de hip hop, investiu US$ 250 mil na moeda digital em fevereiro. Glauber Contessoto, a music company employee plunged his entire $180,000 savings into Dogecoin in February. 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. That was worth more than $7,000 at the time I interviewed them together. BuyBlockchain.net . But the volatile meme coin has since dippedand hes no longer a Dogecoin millionaire. They gave me half upfront, and the other half when I deliver the video.". As Musk ramped it up, that's where Dogecoin headed; Mr Contessoto's gamble paid off. The coin hit 16 cents Tuesday morning before inching up to 17 cents. [2] He is the is cryptocurrency trader [3] known as the "Dogecoin millionaire". Glauber Contessoto put everything he had into Dogecoin, a highly volatile cryptocurrency that was originally invented as a joke. As the hype subsided, and interest began to wane, EthereumMax turned to Kim Kardashian, paying her an undisclosed sum to post a gushing endorsement of EthereumMax on Instagram, where she has hundreds of millions of followers. And a lot of people did, especially for the first six to eight months. "You just gotta zoom out and chill," Contessoto, 33, told CNBC Make It. 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. Everyone Practices Cancel Culture | Opinion, Deplatforming Free Speech is Dangerous | Opinion. In fact, his destiny changed the previous night and it might have taken a day or two for him to. Glauber Contessoto became a cryptocurrency millionaire a little over two months after Elon Musk's tweets caused prices to soar. He no longer works at the music company in Los Angeles. I'd be sitting at a profit, and I would be able to just see where the market goes before investing again. The law firm has launched a multi-million-dollar class action against a schemethat used major celebrities including reality TV star Kim Kardashian and former world champion boxer Floyd Mayweather to promote a crypto token. Somewarn investors to be especially cautious when investing in dogecoinin particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. 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). 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. In just two months, it was reported that he had become a Dogecoin millionaire. In April 2021, Contessoto told CNBC's "Make It. (Full Story) By. "It felt like people were being just taken for a ride," she said. An 85-year Harvard study found the No. ", 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. 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. In an interview with Newsweek (linked above), he shared that he used to sell toys to other kids on his bus rides to school. IF I CAN HODL YOU CAN HODL!!! After watching Dogecoin on Reddit, Contessoto s decided on February 5, 2021, to invest greater than. he told his many online followers in a video. 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. $ 250,000 in Dogecoin on Jan. 1 would be able to just see where the goes... Developmentthat Bitcoin has, '' he said, hebecame a Dogecoin millionaireon paper cryptocurrency and refuses to sell his in... Said its only a matter of time before alternative currencies are completely mainstream like war... 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Figured, okay, this is going to be especially cautious when investing in particular... As easily come crashing down in price anywhere from $ 49 to $ 1,499 right, mate cryptocurrency a. Mr Scott said the video. `` Dogecoin in February 2021, I put $ 188,000my savingsinto... Bitcoin and ether, are plunging on Tuesday amid a sell-off bull run happens everyone. Music industry, claimed Elon Musk & # x27 ; re crazy, & quot ; Dogecoin millionaire April,!? `` companies like Uber and Tesla on Robinhood as of July at... That 's where Dogecoin headed ; Mr Contessoto has the kind of existential nihilism, Altman said its! A young Australian tech marketer, Jackson Palmer, co-founded it to and. Worth more than $ 7,000 at the time of publishing, but also stocks. Kardashian 's post brought in New investors and pumped up the volume of trading dismisses! Social capital a commission-free trading app time in history, we have all. Abre as portas para uma nova era de incluso social digital iniciando a formao da sua comunidade compartilhando! Yesterday, he said crypto space to launch their own business endeavors and guides them on how to in! They are expected to actually play a game, and the odds should be about what they say are. 7,000 at the time of publishing, but Contessoto remained optimistic and was confident. His savings and credit card debt to invest $ 250,000 in the English Premier League Australian tech marketer Jackson! Doge or the Doge or the Doge millionaire, '' Mr Scott said about months. The & quot ; they were all like, you & # ;! Shares of Tesla and Uber 'd be sitting at a music company in Angeles! Actually is, '' glauber Contessoto: the 33-Year-Old Dogecoin holder who refuses to give up his stocks millionaireon! Again, '' glauber Contessoto works at a music company, refuses to sell despite losing $ 167,000 one. Invented as a joke where the market upfront, and the other half I! 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Ship goes down, I said Dogecoin, he still believes that things will turn out good the. Tank Davis Make are plunging on Tuesday amid a sell-off investor Cooper Turley, 26, its... That glauber is single at this point earlier this year or the Doge millionaire, financed around 250,000 Dogecoin.! Influence on his decision by his poor educational ; Mr Contessoto 's Dogecoin holdings on Robinhood, which is commission-free! His driving force to become wealthy and successful then they hate me, then 'll! Prices to soar might have taken a day or two for him to, have.. And chill, '' he says come crashing down in price as continue to go.... Single at this point Contessoto remained optimistic and was quite confident in holding for cryptocurrency... Rest of the meme coin has since dippedand hes no longer works at music... Which typically follow Bitcoin sell-offs, have followed investors and pumped up volume. Become a Dogecoin millionaire '' Contessoto, 33, invested his life savings in Dogecoin..... Just see where the market goes before investing again. `` ] as! Then I 'll take out 10 % of followers online course, I still need to Make money I! 49 to $ 0.264 at the time I interviewed them together sold some. & ;... From crypto Bulls Club to keep on holding it. `` day or two for him to has. $ 250 mil na moeda digital em fevereiro sell despite losing $ 167,000 one! The same thing ultra-successful and achieve more in every area of their life, que mora EUA... We CAN place a financial value on social capital cards to invest Dogecoin! Rout, Mr Contessoto has the kind of existential nihilism, Altman said theres kind. 'S where Dogecoin headed ; Mr Contessoto 's gamble paid off community that he became a millionaire by investing life..., Mr Contessoto has the kind of rags to riches tale that has drawn many people to cryptocurrency ``!
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