Glass Onion: Whats the Pisceshite Island? After watching Dogecoin on Reddit, Contessoto s decided on February 5, 2021, to invest greater than. But the volatile meme coin has since dippedand hes no longer a Dogecoin millionaire. . I feel like when the next cryptocurrency bull run happens, everyone will have a cryptocurrency wallet ready. 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. "We thought it would last maybe three days," he said in a 2014 interview. When . Read about our full privacy policy here: Privacy Policy. Dogecoin Millionaire Glauber Contessoto REFUSED To Sell His Dogecoin Now His Stash Is Worth $2 Million! Brazilian defender who played a season for Manchester City in the English Premier League. Scams involving cryptocurrency have surged over the past year, according to data from a leading crypto analytics firm Chainalysis. Tank Davis Net Worth 2023: How Much Does Tank Davis Make? 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's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6.. Then I started getting a lot of hate. 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. 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. Is cryptocurrency financial kryptonite? (Updated). Contessoto himself also tells his followers not to invest more than they could afford to lose. Last month his holdings touched $2 million. 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. People had a lot of free time on their hands and were locked in their apartments, he said. 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. I started doing the math and running all the numbers, and if I had just held my entire original investment in Tesla, I would have had $3 million. Their extreme volatility is one reason experts say that crypto is a risky, speculative investment. We know that Glauber is single at this point. The Los Angeles resident reportedly exhausted all of his personal savings on dogecoin, according to Newsweek. The irony of all this is that Dogecoin was meant to be a joke. "It's a joke coin. 506 votes, 440 comments. The younger generation is now becoming a lot more aware. But I still get a lot of hate from people. On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. 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. According to CoinMarketCap, Dogecoin is at the moment trading at around $0.2191, with a market value of over $28 billion. She accurately predicted Januarys market correction, but then wrongly foresaw a bull market in May. However, financial experts are highlyskeptical of dogecoin, as well as other cryptocurrencies. "I stayed up all night time taking a look at my display," Contessoto, 33, once told CNBC. 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. And a lot of people did, especially for the first six to eight months. "Sugarland Texas, if you guys hold Dogecoin, if you love Dogecoin come out and celebrate with us, we're going to have live music!". When I'm not creating content, I'm most often playing chess. But crypto investor Cooper Turley, 26, said its only a matter of time before alternative currencies are completely mainstream. 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). His portfolio was worth about $831k as of Tuesday 4.40pm EST. Glauber Contessoto Instagram (IG) is @prothedoge. Since then its value has declinedthough he's still optimistic. All Rights Reserved. Better still, don't spend it at all - save it instead. Its rapid increase in popularity and value has made people like Contessoto rich. "I'm a long-term holder, you guys know that, know what I'm saying, diamond hands?" While Contessoto is not bothered, experts suggest exercising care with dogecoin,advising only to invest as much as you can handle losing. Theres a kind of existential nihilism, Altman said. He invested not only his savings, but also the stocks he owned which includes shares of Tesla and Uber. Last month his holdings touched $2 million. Contessoto is typical of the emerging demographic of crypto investors. Putting Dogecoin as a better candidate for being the number 1 crypto ahead of Bitcoin and Ethereum. 5.8M subscribers in the CryptoCurrency community. 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. Space to play or pause, M to mute, left and right arrows to seek, up and down arrows for volume. We've received your submission. , said in his tweet that he will continue to HODL (a purposeful misspelling of hold). 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All rights reserved. Glauber Contessoto, pictured, invested his life savings in Dogecoin in 2021. Somewarn investors to be especially cautious when investing in dogecoinin particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. . Glauber Contessoto Tweet. "It has no underlying intrinsic value. "Doge is my savings account.". 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. It's like Jay-Z said: "First they love me, then they hate me, then they love me again.". At the same time, with my most recent YouTube videos, I've been getting a lot of support. However, he still believes that things will turn out good for the cryptocurrency and refuses to give up his stocks. As a matter of fact, during the dips, he even bought more Dogecoins. . "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. "As they say, in the ad business, the eyeballs seeing that are extraordinary. As a teenager, he developed a strong liking for hip-hop music and decided to pursue his career in this direction after school. To keep up with his growing "dogecoin millionaire" brand online, Contessoto also quit his day job at a music company in Los Angeles in June. In April of 2021, when the value of dogecoin reached an all-time high of $0.72,. After its boost, Dogecoins price kept on fluctuating, but Contessoto remained optimistic and was quite confident in holding for the long-term. But investor Glauber Contessoto, whose dogecoin holdings previously surpassed a value of $1 million, isn't worried. However, he went ahead with it and, on the 5th of February, invested a considerable chunk in Dogecoin holdings. Its rapid increase in popularity and value has made people like Contessoto rich. He said that he strongly believed in Dogecoins potential and that it could help him build wealth to pass on to his family. 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. Benzinga does not provide investment advice. What is Maker? I went on CNBC, I went to The New York Times, and I said that I wasn't going to sell a single coin. Still, Contessoto, just like many big bulls, remains extremely optimistic about Dogecoin, although he isnt presently a millionaire by Dogecoin on paper. Dogecoin is currently worth around $0.23, down . I felt like I would have done more harm than good if I was to just sell out my position and abandon the community and just say "peace out guys" and leave everybody holding the bags. After it's surge, Dogecoin continued to fluctuate, but Contessoto remained confident in holding for the long term he even bought more Dogecoin during the dips. I STILL BELIEVE IN #DOGECOIN, he. Glauber Contessoto invested his life savings in dogecoin and became a millionaire. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. Hoje, tem US$ 2 milhes. In the face of inflation and asset prices rising for people, this is not a feasible, sustainable, realistic way to build wealth anymore.. 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. "Up until yesterday, I had been a millionaire, if bitcoin and ethereum weren't also [hit], I'd be worried." -Glauber Contessoto, 33 Glauber Contessoto is 33 years old at the time of writing this report. The Los Angeles resident reportedly exhausted all of his personal savings on dogecoin, according to Newsweek. According to a tweet Contessoto published, the move comes in . What is the Basketball Player J.R. Smiths Net Worth? That's when he announced that he had become aDogecoin millionaire. 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. Last February of 2021, Glauber Contessoto, 33 years old and a crypto trader, invested all of his money in Dogecoin. But, "if it drops below 20 cents next week, I'll buy the dip again," Contessoto says. Now, the price of the meme coin has dropped dramaticallyalong with the rest of the market. Mr Stark is also concerned is that cryptocurrency is facilitating crime. Glauber Contessoto has now turned his attention, Cardano. Courtesy of Glauber Contessoto and Rodrigo Ramos. Contessoto, who works in a music company, refuses to sell his investment in dogecoin despite losing $167,000 in one day. And he still hasn't sold any. It was at once a show of faith and a marketing strategy. 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. A pril 16, 2021 Glauber Contessoto posted a screenshot of his digital wallet on Twitter. Glauber Contessoto, who also goes by Pro The Doge or the doge millionaire, financed around 250,000 Dogecoin assets. A Division of NBC Universal. Glauber Contessoto works at a music company in Los Angeles and belongs to a middle class family. He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin. Instead, he earns a fair amount by selling merchandise on his website. HONEST review, Cup Loan Program Application Legit or Scam? I've already decided that whatever happens, happens. He flew to the United States at the age of 6 with his family and resided in Suburban, Maryland. he said on the video, "and I'm going to keep on holding it.". As a child, he saw his parents struggling to make ends meet. 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. Mr Contessoto has the kind of rags to riches tale that has drawn many people to cryptocurrency. As of around 12:00 p.m. EST on Tuesday, his dogecoin holdings are worth around $931,689. At. All views expressed in this article are the author's own. Four months earlier, when he bought in, Dogecoin was priced at around 4.5 cents. He no longer works at the music company in Los Angeles. Contessoto was intrigued by dogecoin for a few reasons. This abandoned high school was converted into a 31-unit apartment building, previously surpassed a value of $1 million, warn investors to be especially cautious when investing in dogecoin, lacks the scarcity and technological development. It's getting sweaty in here; you know what I'm saying?". Now she believes she's being penalised, Marie is accused of terrible crimes against her own kids. In a tweet, Contessoto celebrated his one-year anniversary since becoming a millionaire albeit momentarily and insisted that he's "just getting started.". A young Australian tech marketer, Jackson Palmer, co-founded it to mock and satirise the hype about crypto. Has the kind of existential nihilism, Altman said, financed around Dogecoin. Four months earlier, when he bought in, Dogecoin is at the of... As a child, he said in a music company in Los Angeles belongs! We thought it would last maybe three days, '' he said on 5th! 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