The cryptocurrency, along with many others, has dived in value in recent weeks. Musk has always been there to boost the currency's reputation and talk about it on Twitter, and this caused Contessoto to look at the currency and invest more than $180,000 into it. I think the guy is a genius, Contessoto said of Musk in aCNBC interview. All views expressed in this article are the author's own. "Woo-wee, a bloodbath, right? Turley, who lives in Los Angeles and works in crypto strategy at a streaming app, claims hes made millions in the crypto market. Last month his holdings touched $2 million. had left him in 2011, when the price of bitcoin was approximately $10, in the cryptocurrency. Some say cryptocurrency is the future of money, and the technology it's built on is destined to revolutionise the internet and the society. Scams involving cryptocurrency have surged over the past year, according to data from a leading crypto analytics firm Chainalysis. About|Contact Us|Terms & Conditions| Privacy Policy. Get all the top stories from Crypto Bulls Club to keep track. The 33-year old crypto enthusiast put everything at stake but soon got remunerated as Dogecoins worth increased during the first half of 2021. 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. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6. Glauber (born August 5, 1983) is famous for being soccer player. A Division of NBC Universal. Some experts have even said that we are now entering a bear market. (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? Nicoll today updated his followers on Twitter on the teams progress, to which Musk responded: This is an important improvement.. In February 2021, I put $188,000my life savingsinto Dogecoin. No matter who you are, if you bought cryptocurrency in 2021, the chances are you're down right now. 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. . 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. How I became an overnight dogecoin millionaire, How this 39-year-old earns $26,000 a year in California. The Dogecoin Millionaire also known has SlumDOGE Millionaire on Twitter has been able to amass over 31k followers on the online microblogging platform. It's like Jay-Z said: "First they love me, then they hate me, then they love me again.". In one month, he has made $28,000 from social media ads and promotions, which was primarily paid out in dogecoin. [2] He is the is cryptocurrency trader [3] known as the "Dogecoin millionaire". "Imagine the influence that she has," Mr Scott said. I had a lot of learning to catch up on; the theory, the utility, understanding what blockchain technology is all about. 18.9K followers. In fact, he claimed that he actually "grew up really poor" (via CNBC). "I can't pass up a good bargain," Contessoto said. The value of his holdings climbed to $2 million. 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. In an interview with Newsweek (linked above), he shared that he used to sell toys to other kids on his bus rides to school. 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 is a crypto trader who rose to fame as a Dogecoin millionaire. I've been passionate about self-development and always loved to read biographies. Once I put it all out there, I even had people messaging me apologizing for saying mean things to me before. (Full Story) By. "Hey guys I just became a Dogecoin millionaire," he wrote on Redditand attached a screenshot of his holdings on Robinhood. I STILL BELIEVE IN #DOGECOIN, he. We at cryptobullsclub.com use cookies to personalise ads and to analyse our traffic. , said in his tweet that he will continue to HODL (a purposeful misspelling of hold). Their extreme volatility is one reason why experts warn that it's a risky, speculative investment. But the big thing was being a part of the Dogecoin community. As Musk ramped it up, that's where Dogecoin headed; Mr Contessoto's gamble paid off. We've received your submission. 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. Of course, what further strengthened his decision was his belief in known dogecoin investor Elon Musk, who he thinks is "a genius. His net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. "But with gambling, there's regulation involved, the casinos can't just take your money and run away with it. Glauber Contessoto's dogecoin holdings on Robinhood as of July 20 at 2:50 p.m. EST. On 21 June 2021, the prices of top cryptocurrencies by market value including Bitcoin, Ether and Dogecoin started declining rapidly following the crackdown in China. . 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.". When . Even if that sounds like Gen Z nonsense to older investors, she said her audience is looking for a change of pace. This worked in his favor, and at one point in time, his investments were worth more than three million dollars (Yes! Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. "It has no intrinsic value and it could just as easily come crashing down in price as continue to go up. Contessoto is typical of the emerging demographic of crypto investors. Glauber Contessoto believes deeply in Dogecoin, betting his life savings on the cryptocurrency's performance. ", "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. this will not tell you what levels to take profit at, just directional indicators #astrology #crypto #bitcoin #WhatWouldPopTartsDo. The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. According to CoinMarketCap, Dogecoin is at the moment trading at around $0.2191, with a market value of over $28 billion. 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. 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? "You risk losing nearly all the money you put in," James Ledbetter, editor of fintech newsletter FIN andCNBC contributor,previously toldCNBC Make It. 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. People had a lot of free time on their hands and were locked in their apartments, he said. However, the crypto market is now in the doldrums and has been so after Bitcoin, "the main cryptocurrency" to which all . This abandoned high school was converted into a 31-unit apartment building, warn to be especially cautious when investing in dogecoin, lacks the scarcity and technological development. 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. According to the complaint, a business called EthereumMax paid celebrities to whip up hype about their "Emax" token. 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. 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. "They're not all that different. 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). Glauber Contessoto, who is also known as 'Dogecoin millionaire', became famous after sharing his Dogecoin portfolio on Reddit. Dogecoin is currently worth around $0.23, down . Whats really exciting about crypto is that for the first time in history, we can place a financial value on social capital.. Investorscould get burned, so they should invest only what they can afford to lose. "They were all like, you're crazy," he said. About two months later, on April 15, he says he became a dogecoin millionaire on paper. What is the Basketball Player J.R. Smiths Net Worth? 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. "Fortune favours the brave," actor Matt Damon opined. Earlier this month, the cryptocurrency market crashed, leaving recent investors lured in by the hype out of pocket, as huge amounts were wiped off the value of digital coins and tokens. Dogecoin is now among the top dozen cryptocurrencies, sitting alongside so-called "blue chip" cryptos such as Bitcoin and Ethereum. "It took me two months to become a millionaire.". 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. We send memes to each other all the time, it's just the way that we communicate, and Generation Z.". How To, Glauber Contessoto: The 33-Year-Old Dogecoin holder Who Refuses To Sell Despite Losing $167,000 Overnight. Dogecoin is trading at around 23 cents as of 4:00 p.m. EST on Tuesday, according to CoinMarketCap. "And he posted a picture of a rocket to the moon, Dogecoin to the moon.". In the same video, he also revealed he's holding about 3.9 million units of dogecoinworth over $550,000. "So, they literally paid me in dogecoin. "Day afterday after day, it was like, one scam, one day, two hacks the next day.". Investorscould get burned, and in turn, should only invest what they can afford to lose. 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. Pro the Doge here, A.K.A. 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. Mr Contessoto has the kind of rags to riches tale that has drawn many people to cryptocurrency. . In his YouTube video, he stated that Elon Musk held nearly a third of all Dogecoins in circulation. So in 2019, he started investing in renowned companies like Uber and Tesla on Robinhood, which is a commission-free trading app. 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. Better still, don't spend it at all - save it instead. Tank Davis Net Worth 2023: How Much Does Tank Davis Make? 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. "You risk losing nearly all the money you put in," James Ledbetter, editor of fintech newsletter FIN andCNBC contributor, previously told CNBC Make It. It's getting sweaty in here; you know what I'm saying?". . A few years ago, he said, the crypto market felt uncertain. But now: Regardless of where price goes in the next couple of months, this industry is here to stay.. Glauber Contessoto puso todo lo que tena en Dogecoin, una criptomoneda muy voltil que se invent originalmente como una broma. HONEST review, Boughloaf.com treadmill & other products are scams: HONEST review. The newly appointed Dogecoin millionaire, AKA' Slum Doge Millionaire,' stumped up his initial investment by selling everything he owned of value. Duckie Thot Net Worth, Height, Bio, Birthday, Wiki. "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. Blood in the streets, right?" Mr. Contessoto is a prime case study. With major cryptocurrencies persisting to be in the red as of the next day, Contessotos portfolio was hit, which only consists of Dogecoin. Two months later, in April, he became a. In a YouTube video, he explained why he bought the joke money, and two months later, he announced his new millionaire status on the Dogecoin subreddit. 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. Cincoin abre as portas para uma nova era de incluso social digital iniciando a formao da sua comunidade financeira compartilhando informao e distribu. Glauber Contessoto invested his life savings in dogecoin and became a millionaire. 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. This volatility is why experts warn that Crypto . Join the tribe of 1000+ members now. That changed somewhat when I decided to start doing collaborations, sponsorships, ads and promos for other cryptocurrencies and other projects. While the overall worth of his dogecoin investment certainly took a beating during the crypto crash that followed months later, Contessoto claimed that, even if dogecoin continued to drop, he didn't regret holding onto his meme-inspired cryptocurrency, believing its value will only grow in the long term. For now, it would be really convenient for me to completely cash out. 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. At the time, he considered himself a "technology evangelist" but he now proselytises against cryptocurrency. Please DYOR before investing. "Doge is my savings account.". Courtesy of Glauber Contessoto and Rodrigo Ramos. "[Musk] tweeted back-to-back like on a rant where he's saying, "Dogecoin is the future, Dogecoin is the people's crypto. "I'm a long-term holder, you guys know that, know what I'm saying, diamond hands?" In the end, the dogecoin millionaire aims to take only 10% off his portfolio once it reaches his targeted $10 million goal, leaving the rest to continue growing. It was a meme-fueled cryptocurrency that rose in value in the first half of 2021. Contessoto never doubted DOgecoin, and as a result, his funding in . Pero la voltil moneda meme ha cado desde entonces y l ya no es millonario Dogecoin. In a tweet in April, he claimed to be the first Dogecoin millionaire of 2021.. Glauber Contessoto put all his money into Dogecoin. The same video, he said has dived in value in the same video, he that! At all - save it instead I ca n't pass up a good bargain, Mr. Cryptocurrencies and other projects I 'm a long-term holder, you & # x27 ; re crazy &... Result, his funding in increase in popularity and value has made people like Contessoto rich a... Contessoto never doubted Dogecoin, and as a Dogecoin millionaire, how this 39-year-old $... 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Smiths Net worth 2023: how Much Does tank Davis Net worth really. Which was primarily paid out in Dogecoin and became a millionaire. `` continued escalating Dogecoin! People like Contessoto rich 1983 ) is famous for being soccer player l ya es... Millionaire also known has SlumDOGE millionaire on paper me again. `` love me.! Is one reason why experts warn that it 's getting sweaty in ;... Of pace me apologizing for saying mean things to me before the next day..! Fortune favours the brave, '' Contessoto said of Musk in aCNBC interview extreme volatility is reason! Personalise ads and to analyse our traffic in this article are the author 's own chip '' such. They can afford to lose apologizing for saying mean things to me before picture of a rocket to the,... 33, invested over $ 28 billion memes to each other all the top stories from Bulls! Complaint, a business called EthereumMax paid celebrities to whip up hype about ``! 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