Glauber Contessoto says that on April 15 at 6:00 p.m. PDT, he became a dogecoin millionaire. Dogecoin is now among the top dozen cryptocurrencies, sitting alongside so-called "blue chip" cryptos such as Bitcoin and Ethereum. Glauber Contessoto, who also goes by Pro The Doge or the doge millionaire, financed around 250,000 Dogecoin assets. A Division of NBC Universal. (2023 Updated), Meet LFL Adrian Purnell, Instagram, and Bio, Meet black Japanese goalkeeper Zion Suzuki (2022 Updated), Lindy and Jlo Net Worth, Age, Real Name, and Story, Erika Kullberg Husband, Net Worth, Age, Wedding & Ethnicity, Cinnamon finds scam or legit? Even in May, when the value of his holdings surpassed $2 million, he still didn't budge. Hoje, tem US$ 2 milhes. I enjoy writing about sports news, business, scholarship programs, and movies, among other topics. Glauber Contessoto became a cryptocurrency millionaire a little over two months after Elon Musk's tweets caused prices to soar. The 33-year old crypto enthusiast put everything at stake but soon got remunerated as Dogecoins worth increased during the first half of 2021. 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. Young people seem to enjoy taking what we would call contrarian positions that bet against the wisdom of Wall Street, Yermack said. Cryptobullsclub is a trusted Indian crypto community followed by crypto traders and investors all over the world. Glauber Contessoto, a Dogecoin investor famous for investing his $250,000 life savings in the meme-inspired cryptocurrency in early February to become a millionaire, is doubling down on his bet In the meme-inspired cryptocurrency by investing an additional $25,000 in it. Soon, it was announced that he had become a millionaire. Altman charges members $7.77 per month and offers courses ranging in price anywhere from $49 to $1,499. However, Contessoto had recently lost $167,000 in a day when Dogecoin faced a massive drop in its value. 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. Glauber Contessoto while speaking to CNBC explained how the Reddit community and Elon Musk inspired his bold decision and how that has paid off. In his YouTube video, he stated that Elon Musk held nearly a third of all Dogecoins in circulation. A rash . Hey guys I just became a Dogecoin millionaire, he wrote on Reddit and attached a screenshot of his holdings on Robinhood. Glauber's Dogecoin is now worth $323K. 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.". Their extreme volatility is one reason why experts warn that it's a risky, speculative investment. Glauber's personal network of family, friends, associates & neighbors include Mun Chong, Gail George, . On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. As for what he's planning to do once he cashes out, he shared he's hoping to start his own record label, with the ultimate goal of ensuring that his mom never has to work again (via Newsweek). Glauber Contessoto is 33 years old at the time of writing this report. Contessoto, who works in a music company, refuses to sell his investment in dogecoin despite losing $167,000 in one day. In July, Contessoto said he bought more Dogecoins worth $5,300 (roughly Rs 3.94 lakhs). He took a massive risk by investing all of his lifes savings in a cryptocurrency initially known as meme coin. "So, they literally paid me in dogecoin. At that time it was worth around 5 cents per coin. 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. At the same time, with my most recent YouTube videos, I've been getting a lot of support. Theyre not so interested in underlying economics, but [rather] the chance of a very rapid, high gain, or a very rapid, sharp loss.. 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. 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. But, "if it drops below 20 cents next week, I'll buy the dip again," Contessoto says. But I feel like that would probably be the most cowardly move that I could ever make. Ms White has a soft spot for the Dogecoin, the satirical crypto that became mainstream. Nonetheless, Contessoto's plan remains the same: "Once I hit $10 million, then I'll take out 10%. Even if that sounds like Gen Z nonsense to older investors, she said her audience is looking for a change of pace. If I dont have a lot to start out with, theres not as much to lose.. For us to get there, we have to all believe in the same thing. 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). And the main reason that people invest in cryptocurrency is because they believe that there's a greater fool out there. 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. Last month his holdings touched $2 million. Samuel Trotter for The New York Times Background reading Glauber Contessoto. I feel like when the next cryptocurrency bull run happens, everyone will have a cryptocurrency wallet ready. About|Contact Us|Terms & Conditions| Privacy Policy. In the same video, he also revealed he's holding about 3.9 million units of dogecoinworth over $550,000. had left him in 2011, when the price of bitcoin was approximately $10, in the cryptocurrency. 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. . The Dogecoin Millionaire Finds A New Memecoin Gem, Says Its 'Marketing Is The Greatest' glauber contessoto twitter According to the Benzinga report, Contessoto feels. On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. A photo shows a visual representation of a Dogecoin token, taken in January, 2021, in Katwijk, Netherlands. "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.". Would-be Dogecoin millionaire Glauber Contessoto is convinced that DOGE is a HODL even after the crypto token's price crashed further this week. Of course, what further strengthened his decision was his belief in known dogecoin investor Elon Musk, who he thinks is "a genius. In April of 2021, when the value of dogecoin reached an all-time high of $0.72,. "It's getting crazy in this crypto market, right? Four months earlier, when he bought in, Dogecoin was priced at around 4.5 cents. The more he held on, the bigger the internet . Glauber Contessoto Reddit account is iUsedToCallDogeDodge. They gave me half upfront, and the other half when I deliver the video.". 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. 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. "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 put everything he had into Dogecoin, a highly volatile cryptocurrency that was originally invented as a joke. Mr. Contessoto, legally named Jaysn Prolifiq, was born in Brazil. 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. Although he remained well ahead on his investment, he was no longer a Dogecoin millionaire. 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? 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. As a child, he saw his parents struggling to make ends meet. Pero la voltil moneda meme ha cado desde entonces y l ya no es millonario Dogecoin. "That's about six months salary at my old job," Contessoto says. He plans to buy more of the digital coin and "hodl" for the long haul. The irony of all this is that Dogecoin was meant to be a joke. $3 million). 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. He has booked his investments in Dogecoin holdings till 2023 and wishes to make at least ten million dollars by the time he turns 35. The value of his holdings climbed to $2 million. In the Philippines, it's becoming more common, Thirty-four balls and just 29 minutes: Here's how Australia's latest Test batting collapse unfolded, Motorway upgrades may have caused extra flooding for some Gold Coast homes, report says. Still, Contessoto's outlook on dogecoin remains extremely bullish. HONEST review, Boughloaf.com treadmill & other products are scams: HONEST review. And none of what you read here is by any way, an investment advice. 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. 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 85-year Harvard study found the No. So far, her record is a bit uneven. 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. Im truly not worried at the end of the day.. Its rapid increase in popularity and value has made people like Contessoto rich. Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. 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. "They were all like, you're crazy," he said. About his decision to hold, he explained that people do not have the tolerance to observe the investment to the maximum extent, and only focus on the short-term. BuyBlockchain.net . All views expressed in this article are the author's own. Glauber Contessoto him Glauber (born August 5, 1983) is famous for being soccer player. 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. The housing market is likely another; I feel like we're in a bubble with that. Gen Z and millennial investors are flocking to buy shares of cryptocoin, such as Bitcoin or Ethereum, with the hopes of winning big. Glauber Contessoto Instagram (IG) is @prothedoge. "It's a joke coin. The Dogecoin Millionaire also known has SlumDOGE Millionaire on Twitter has been able to amass over 31k followers on the online microblogging platform. "You risk losing nearly all the money you put in," James Ledbetter, editor of fintech newsletter FIN andCNBC contributor,previously toldCNBC Make It. Glauber Contessoto, pictured, invested his life savings in Dogecoin in 2021. As of around 2:50 p.m. EST on Tuesday, his dogecoin holdings were. However, he went ahead with it and, on the 5th of February, invested a considerable chunk in Dogecoin holdings. 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. Though he isn't a financial expert, he's optimistic that dogecoin has already hit bottom. . He rode that investment to millionaire status and a profile in the New York Times in May. Scams involving cryptocurrency have surged over the past year, according to data from a leading crypto analytics firm Chainalysis. Obviously that's going to affect cryptocurrency. All rights reserved. Life in Loa Angeles was not easy for the Dogecoin millionaire. 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. . But on Monday . But I'm still trying to make money, I still need to make a living. 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). Glauber Contessoto invested his life savings in dogecoin and became a millionaire. Home / Loyalty / Glauber contessoto net worth. 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. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. Contessotto, who works in the music industry, claimed Elon Musk, the billionaire, was a major influence on his decision. Is Letmeone dot com a scam or a legit website? 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Crypto is highly volatile. How To, Glauber Contessoto: The 33-Year-Old Dogecoin holder Who Refuses To Sell Despite Losing $167,000 Overnight. In a tweet in April, he claimed to be the "first Dogecoin millionaire of 2021." "I'm a long-term holder, you guys know that, know what I'm saying, diamond hands?" Cincoin abre as portas para uma nova era de incluso social digital iniciando a formao da sua comunidade financeira compartilhando informao e distribu. The 'SlumDoge Millionaire' made it big with crypto. Now, my investment is worth around $230,000. So I still feel like I was doing the right thing by holding. "So, I figured, okay, this is going to be the next play," he said. No matter who you are, if you bought cryptocurrency in 2021, the chances are you're down right now. While casually browsing Reddit, a post about Dogecoin attracted his attention. I also calculated what I would have done in the stock market if I had just kept all my money in Tesla. The Los Angeles resident reportedly exhausted all of his personal savings on dogecoin, according to Newsweek. 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. This worked in his favor, and at one point in time, his investments were worth more than three million dollars (Yes! 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. Some experts have even said that we are now entering a bear market. 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. 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. stocks, Salesforce results give CEO Benioff breathing room', Fast Money trader Steve Grasso said, Is ChatGPT the tip of the iceberg? 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. Crypto trader Glauber Contessoto says his investment in Dogecoin (DOGE) has grown to over $1 million after betting his entire net worth on the meme cryptocurrency. Courtesy of Glauber Contessoto and Rodrigo Ramos. But Altman said her clients are along for a wild ride. Contessoto 202140.72Contessoto18200 ""dogecoin millionaireContessoto16 Contessoto Contessoto"" ", 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. "Doge is my savings account.". So, I followed my heart. He believes the top 5 cryptocurrencies in five years will be Dogecoin, Ethereum, Bitcoin, Cardano, and Ripple - in that order. He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin.. So in 2019, he started investing in renowned companies like Uber and Tesla on Robinhood, which is a commission-free trading app. Glauber Contessoto puso todo lo que tena en Dogecoin, una criptomoneda muy voltil que se invent originalmente como una broma. He's hopeful it will hit $1 by the end of the year. 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. ", Investors are mounting big bets against these 2 A.I. 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. He flew to the United States at the age of 6 with his family and resided in Suburban, Maryland. [2] He is the is cryptocurrency trader [3] known as the "Dogecoin millionaire". Thanks for contacting us. 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). Voltil moneda meme ha cado desde entonces y l ya no es millonario.! Feel like I was doing the right thing by holding how that has paid off Dogecoin attracted attention... 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'' for the long haul 've been getting a lot of support flew. Crazy in this crypto market glauber contessoto net worth right who also goes by Pro the Doge or the or!