Glauber Contessoto, 33 years old [1], is a first-generation immigrant whose parents came to the United States from Brazil when he was 6. I had a lot of learning to catch up on; the theory, the utility, understanding what blockchain technology is all about. About two months later, on April 15, he said, hebecame a dogecoin millionaireon paper. "People are going to start investing in Dogecoin and it's going to take off. In one month, he has made $28,000 from social media ads and promotions, which was primarily paid out in dogecoin. 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. 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. 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. "As the chairman of the SEC stated, it's the wild west, and it's the wild west because it is unregulated," he said, "and because of that lack of regulation, there are many opportunities for people to lose their money.". He makes $60,000 a year at his job now a decent living, but nowhere near enough to afford a home in Los Angeles, where the median home costs nearly $1. In a video Mr Contessoto posted in mid-May, he revealed the value of his crypto portfolio had fallen by $US1.8 million in a year but he had still made $US281,000 on his investment. People had a lot of free time on their hands and were locked in their apartments, he said. "I don't typically refer to cryptocurrencies as investments because I see them a lot more like gambling," she told Four Corners. uses and the stocks to play it. But 33-year-old Los Angeles resident Jaysn Prolifiqlegally known as Glauber Contessototold Newsweek he does not regret hanging on to his . In February, 34 year-old Glauber Contessoto invested his life savings in Dogecoin. Dogecoin is currently worth around $0.23, down . As of 2022, Glauber's net worth is $100,000 - $1M. But I feel like that would probably be the most cowardly move that I could ever make. 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. If I dont have a lot to start out with, theres not as much to lose.. 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. 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. 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 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 irony of all this is that Dogecoin was meant to be a joke. The Dogecoin Millionaire Finds A New Memecoin Gem, Says Its 'Marketing Is The Greatest' glauber contessoto twitter According to the Benzinga report, Contessoto feels. Your email address will not be published. Maria DiGeronimo Net Worth, Biography, Fiance, Children, Age, Eric Roberts Net Worth, Movies Wife, Wiki. $3 million). And the main reason that people invest in cryptocurrency is because they believe that there's a greater fool out there. All views expressed in this article are the author's own. 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. "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. HONEST review, Boughloaf.com treadmill & other products are scams: HONEST review. Losing A 6-Figure Sum In Dogecoin Worth Within 24 Hours. Know this before dealing, No Aiden People are reacting to a viral TikTok video featuring a toddler, This is awful, Its In My Legs Guys Try Period Pain Simulator, We Loving Kandi And Tiny If I Get Caught Cover. "It felt like people were being just taken for a ride," she said. As of around 12:00 p.m. EST on Tuesday, his dogecoin holdings are worth around $931,689. I've been passionate about self-development and always loved to read biographies. In April 2021, Contessoto told CNBC's "Make It. Glauber (born August 5, 1983) is famous for being soccer player. From The Press. All rights reserved. As to why Dogecoin and cryptocurrency is in its current state? Glauber Contessoto, 33, invested all of his funds into dogecoin, a meme-inspired cryptocurrency that has seen a significant increase in value this year. Mr. Contessoto is a prime case study. The value of his holdings climbed to $2 million. 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. I STILL BELIEVE IN #DOGECOIN, he said on Twitter. Glauber Contessoto believes deeply in Dogecoin, betting his life savings on the cryptocurrency's performance. Glauber Contessoto's dogecoin holdings on Robinhood as of July 20 at 2:50 p.m. EST. Dogecoin remains a very lucrative trade. For now, it would be really convenient for me to completely cash out. Courtesy of Glauber Contessoto and Rodrigo Ramos. The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. 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. But fast forward to today and the cryptocurrency is the seventh-most valuable out there, with a market cap of over $25 billion. Glauber Contessoto, 33, became a dogecoin millionaire after investing his life savings, $250,000, into the cryptocurrency when it was at $0.045. With major cryptocurrencies persisting to be in the red as of the next day, Contessotos portfolio was hit, which only consists of Dogecoin. Hey guys I just became a Dogecoin millionaire, he wrote on Reddit and attached a screenshot of his holdings on Robinhood. 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. His net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. Glauber Contessoto twitter is @ProTheDoge. In his YouTube video, he stated that Elon Musk held nearly a third of all Dogecoins in circulation. All information mentioned in our website is for informational and educational purposes only. 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. From Formula One to football, there is hardly a sporting code these days that's not sponsored by the cryptocurrency industry. Since then, Contessoto hasrefused to sell, despite dogecoin'sups and downs. Whatever Happened To The Dogecoin Millionaire. IF I CAN HODL YOU CAN HODL!!! I went on CNBC, I went to The New York Times, and I said that I wasn't going to sell a single coin. 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. ", Despite the dogecoin price today being nowhere near its previous all-time high, the "dogecoin millionaire" still refuses to sell his meme-inspired cryptocurrency. Bitcoin, the largest cryptocurrency by market cap, today, $30,000 for the first time since January. . Other people are telling me to stay strong, others sharing their stories. Glauber Contessoto put everything he had into Dogecoin, a highly volatile cryptocurrency that was originally invented as a joke. "Woo-wee, a bloodbath, right? Contessoto, 33, invested in Dogecoin last February, according to the New York Times report. 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. What is the Producer Michael Woods Net Worth? Please DYOR before investing. Glauber Contessoto, que mora nos EUA e f de hip hop . Gotta love the conviction. 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. Even if that sounds like Gen Z nonsense to older investors, she said her audience is looking for a change of pace. People are just on the side lines asking: "When do we jump in?". This service may include material from Agence France-Presse (AFP), APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and cannot be reproduced. I didn't sell any. "I had no idea how I was going to make money moving forward," he says. 14.27 on July 22 morning 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. Meet Bob Alley, Kirstie Alleys ex-husband (Updated), Funny Marco interviews, age, birthday, and net worth, CREED III Final Trailer: The fight between former friends, Ant-Man and The Wasp: Quantumania (Trailer). When I'm not creating content, I'm most often playing chess. The coin hit 16 cents Tuesday morning before inching up to 17 cents. 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. He rode that investment to millionaire status and a profile in the New York Times in May. Courtesy of Glauber Contessoto and Rodrigo Ramos. Contessoto didn't exactly start out as the dogecoin millionaire he's known as today. Glauber Contessoto, a music company employee plunged his entire $180,000 savings into Dogecoin in February. I had this mindset, I had this conviction, which I still do, about those coins. The top cryptocurrencies by market value, including bitcoin and ether, are plunging on Tuesday amid a sell-off. Join half a million readers enjoying Newsweek's free newsletters. Everyone Practices Cancel Culture | Opinion, Deplatforming Free Speech is Dangerous | Opinion. Get all the top stories from Crypto Bulls Club to keep track. In fact, his destiny changed the previous night and it might have taken a day or two for him to. 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). 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. So in 2019, he started investing in renowned companies like Uber and Tesla on Robinhood, which is a commission-free trading app. "Up until yesterday, I had been a millionaire, if bitcoin and ethereum weren't also [hit], I'd be worried." -Glauber Contessoto, 33 While Contessoto is not bothered, experts suggest exercising care with dogecoin,advising only to invest as much as you can handle losing. Benzinga does not provide investment advice. Contessoto himself also tells his followers not to invest more than they could afford to lose. Mr Contessoto has the kind of rags to riches tale that has drawn many people to cryptocurrency. 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. She also offers a CryptoCharted newsletter for $20 per month. As of around 2:50 p.m. EST on Tuesday, his dogecoin holdings were. On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. Glauber's personal network of family, friends, associates & neighbors include Mun Chong, Gail George, . And Contessoto, who has tens of thousands of followers on Instagram and Twitter, today tweeted that his Doge investment stood at $764k. We send memes to each other all the time, it's just the way that we communicate, and Generation Z.". 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. Im truly not worried at the end of the day.. Somewarn investors to be especially cautious when investing in dogecoinin particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. Blower Repair Pump Repair Engineering Services Replacement Parts. "I stayed up all night time taking a look at my display," Contessoto, 33, once told CNBC. Investorscould get burned, so they should invest only what they can afford to lose. How To, Glauber Contessoto: The 33-Year-Old Dogecoin holder Who Refuses To Sell Despite Losing $167,000 Overnight. Yesterday, he announced to the Reddit community that he is now a Crypto millionaire. Though he isn't a financial expert, he's optimistic that dogecoin has already hit bottom. "Imagine the influence that she has," Mr Scott said. However, Contessoto had recently lost $167,000 in a day when Dogecoin faced a massive drop in its value. Read the latest news, events, reviews, videos, technical analysis and guides around crypto. "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.". OMI Price Action:As of press time, Ecomi is trading at $0.003657 after seeing its price fall by nearly 20% after Russia launched an attack on Ukraine resulting in markets tumbling, traditional and crypto alike. Theres a kind of existential nihilism, Altman said. 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. When Four Corners caught up with him, he was making a video promoting "Doge-apalooza", a festival dedicated to Dogecoin. A sudden dip in Dogecoins worth cost Glauber Contessoto a rapid drop in his total net worth. 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. Would-be Dogecoin millionaire Glauber Contessoto is convinced that DOGE is a HODL even after the crypto token's price crashed further this week. "I see Dogecoin as more honest about what it actually is," she said. The housing market is likely another; I feel like we're in a bubble with that. Then I started getting a lot of hate. They gave me half upfront, and the other half when I deliver the video.". (Updated). How Glauber Contessoto Became Known as the Dogecoin Millionaire. . The Los Angeles resident reportedly exhausted all of his personal savings on dogecoin, according to Newsweek. Glauber Contessoto said that he became a dogecoin millionaire on April 15, 2021. He now has more than $800,000 in Doge. Save my name, email, and website in this browser for the next time I comment. Do Not Sell My Personal Data/Privacy Policy. 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. 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. "Woo-wee, a bloodbath, right? Contessoto told CNBC that he grew up poor and that his gain from the meme currency was a huge deal for him. As Musk ramped it up, that's where Dogecoin headed; Mr Contessoto's gamble paid off. In February 2021, I put $188,000my life savingsinto Dogecoin. Life in Loa Angeles was not easy for the Dogecoin millionaire. 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. But Altman said her clients are along for a wild ride. But I'm still trying to make money, I still need to make a living. Young people seem to enjoy taking what we would call contrarian positions that bet against the wisdom of Wall Street, Yermack said. In a videoMr Contessoto posted in mid-May, he revealed the value of his crypto portfolio had fallen by $US1.8 million in a year but he had still made $US281,000 on his investment. In February, when Glauber Contessoto decided to invest his life savings in Dogecoin, his friends had concerns. Contessoto, 33, invested in Dogecoin last February, according to the New York Times report. However, he had to do a lot of couch surfing for several years as buying an estate in Los Angeles is pretty expensive. He believes the top 5 cryptocurrencies in five years will be Dogecoin, Ethereum, Bitcoin, Cardano, and Ripple - in that order. Two months later, in April, he became a. 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Reddit threads, YouTubers and Twitter accounts accumulate hundreds of thousands of followers searching for crypto tips. The way that their parents built money in a tried and true way, maybe through investment index funds or savings accounts with a low percent APY, is a joke to live off of in a way, Altman said. 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. Mr Scott describes it as a cryptocurrency version of an old-style stock market manipulationtailored to the zeitgeist. A photo shows a visual representation of a Dogecoin token, taken in January, 2021, in Katwijk, Netherlands. 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. At the time, he considered himself a "technology evangelist" but he now proselytises against cryptocurrency. Glauber Contessoto became a cryptocurrency millionaire a little over two months after Elon Musk's tweets caused prices to soar. WIN Price Prediction 2023, 2024, 2025 till. Meet Glauber Contessoto, . Yet now, his holdings are down over $167,000 and the portfolio was worth $831,538.88. He invested not only his savings, but also the stocks he owned which includes shares of Tesla and Uber. Glauber Contessoto, 34, lives in Las Vegas, Nevada. Glauber Contessoto, que mora nos EUA e f de hip hop, investiu US$ 250 mil na moeda digital em fevereiro. This financial instability became his driving force to become wealthy and successful. Glauber Contessoto, who is also known as 'Dogecoin millionaire', became famous after sharing his Dogecoin portfolio on Reddit. But investor Glauber Contessoto, whose dogecoin holdings previously surpassed a value of $1 million, isn't worried. Glauber Contessoto Reddit account is iUsedToCallDogeDodge. This volatility is why experts warn that Crypto . In April of 2021, when the value of dogecoin reached an all-time high of $0.72,. he said on the video, "and I'm going to keep on holding it.". He said that he took a huge risk to buy Dogecoin by using all his savings and sales from his shares of Tesla and Uber and that he invested on margin from Robinhood. Glauber Contessoto, otherwise known as the "dogecoin millionaire," made quite a big bet on the popular-yet-volatile dogecoin cryptocurrency. His holdings went up in value and touched $2 million. His comments follow Augustreportsthat Marvel partnered with VeVe to launch its first NFT collection featuring popular superhero Spider-Man with prices ranging between $40 and $400. Source: Twitter. Contessoto never doubted DOgecoin, and as a result, his funding in . It was at once a show of faith and a marketing strategy. ", "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. Also, I had gone out and preached about those coins being the future. Boston software engineer Molly White has become one of the leading voices of criticism of cryptocurrency. Kardashian's post brought in new investors and pumped up the volume of trading. Some say cryptocurrency is the future of money, and the technology it's built on is destined to revolutionise the internet and the society. 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. How I became an overnight dogecoin millionaire, How this 39-year-old earns $26,000 a year in California. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6. Glauber Contessoto, 33, became a 'dogecoin millionaire' after investing his life savings, or $250,000, into the cryptocurrency. Whatever happens in the short-term doesnt matter to me because Im looking to hodl dogecoin for years to come. The 33-year old crypto enthusiast put everything at stake but soon got remunerated as Dogecoins worth increased during the first half of 2021. According to the Benzinga report, Contessoto feels Dogecoin will "be every newcomers' bridge" into cryptocurrency in the years to come. At that time it was worth around 5 cents per coin. 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. About|Contact Us|Terms & Conditions| Privacy Policy. Glauber Contessoto says that on April 15 at 6:00 p.m. PDT, he became a dogecoin millionaire. 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. Analysts reveal potential A.I. 506 votes, 440 comments. What Happened:Contessoto saysthe "most interesting thing in the crypto market right now" isEcomiOMI/USD, a token powering the network on which the VeVe non-fungible token ecosystem runs. The younger generations dont think so. Rapid drop in his total net worth, Biography, Fiance, Children, Age, Eric Roberts worth..., but also the stocks he owned which includes shares of Tesla and Uber traction with the of! $ 20 per month forward to today and the portfolio was worth $.. Was worth around $ 931,689 the short-term doesnt matter to me because Im looking to HODL Dogecoin for years come. 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