As of around 12:00 p.m. EST on Tuesday, his dogecoin holdings are worth around $931,689. "Obviously, it helped that Elon Musk was also a fan of Dogecoin.". The Dogecoin millionaire told CoinStats that he sold his Tesla and Uber stocks and gathered $250,000 with the help of Robinhood's margin investment feature, subsequently investing all of it into the memecoin. 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. Contessoto, who works in a music company, refuses to sell his investment in dogecoin despite losing $167,000 in one day. 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.. This volatility is why experts warn that Crypto . Would-be Dogecoin millionaire Glauber Contessoto is convinced that DOGE is a HODL even after the crypto token's price crashed further this week. . A dollar invested in Dogecoin on Jan. 1 would be worth $203 today much more than a comparable investment in . Glauber Contessoto's dogecoin holdings on Robinhood as of July 20 at 2:50 p.m. EST. We at cryptobullsclub.com use cookies to personalise ads and to analyse our traffic. 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. Everyone can own Dogecoin, it's cents on a dollar," Mr Contessoto recalled. Since, Contessoto has refused to sell, despite dogecoin's ups and downs. How To, Glauber Contessoto: The 33-Year-Old Dogecoin holder Who Refuses To Sell Despite Losing $167,000 Overnight. He earns a little bit of money from selling merch on his website, but his main focus is developing his social media presence. In April of 2021, when the value of dogecoin reached an all-time high of $0.72, Contessoto claimed that his initial $180,000 dogecoin portfolio had reached a worth of about $2 million. When finalizing the deal, the company asked if he'd prefer to be paid in U.S. dollars or crypto. The more he held on, the bigger the internet . All of those things are now a lot easier to do because of cryptocurrency.". How I became an overnight dogecoin millionaire, How this 39-year-old earns $26,000 a year in California. (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? Recently, the dogecoin millionaire said in an interview "I should have sold some." Damn right, mate. Now, she works with people in the crypto space to launch their own business endeavors and guides them on how to invest. he said on the video, "and I'm going to keep on holding it.". Whatever Happened To The Dogecoin Millionaire. 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. Glauber Contessoto, 34, lives in Las Vegas, Nevada. 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. Now, my investment is worth around $230,000. At the moment, there are ,00 Bitcoin owners . 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. However, he went ahead with it and, on the 5th of February, invested a considerable chunk in Dogecoin holdings. 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.. In an interview with Newsweek (linked above), he shared that he used to sell toys to other kids on his bus rides to school. 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. Glauber Contessoto 33 Dogecoin All-in Dogecoin . While casually browsing Reddit, a post about Dogecoin attracted his attention. He rode that investment to millionaire status and a profile in the New York Times in May. A rash . 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. In July, Contessoto said he bought more Dogecoins worth $5,300 (roughly Rs 3.94 lakhs). 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. "I believe it's one big Ponzi scheme," he told Four Corners. 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. Putting Dogecoin as a better candidate for being the number 1 crypto ahead of Bitcoin and Ethereum. Whatever the truth, it's impossible to escape the hype. 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. 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. After its boost, Dogecoins price kept on fluctuating, but Contessoto remained optimistic and was quite confident in holding for the long-term. "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.". And none of what you read here is by any way, an investment advice. Contessoto told CNBC that he grew up poor and that his gain from the meme currency was a huge deal for him. Glauber Contessoto said that he became a dogecoin millionaire on April 15, 2021. Between hissavings and borrowed funds, Contessoto said, heinvested over $250,000 in dogecoinon Feb. 5 when it was priced at about 4.5 cents. I was hoping that people would back me up, be supportive, and show me love. In an interview, he said that many of his friends tried to talk him out of it. Courtesy of Glauber Contessoto and Rodrigo Ramos. Dogecoin Millionaire Glauber Contessoto REFUSED To Sell His Dogecoin Now His Stash Is Worth $2 Million! What is the Basketball Player J.R. Smiths Net Worth? Net Worth: Relationship: Single Kids: Edit this Information. I didn't sell any. Glauber (born August 5, 1983) is famous for being soccer player. He's hopeful it will hit $1 by the end of the year. And somewarn to be especially cautious when investing in dogecoin in particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. Losing A 6-Figure Sum In Dogecoin Worth Within 24 Hours. Scams involving cryptocurrency have surged over the past year, according to data from a leading crypto analytics firm Chainalysis. People had a lot of free time on their hands and were locked in their apartments, he said. 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. 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. ", Investors are mounting big bets against these 2 A.I. 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. On top of all that, he also went on to liquidate the rest of his owned stock shares as means to go all-out on dogecoin. However, he was familiar with cryptocurrency but was highly fascinated with its marketing strategy. Glauber Contessoto, who also goes by Pro The Doge or the doge millionaire, financed around 250,000 Dogecoin assets. 2023 Benzinga.com. , said in his tweet that he will continue to HODL (a purposeful misspelling of hold). "Woo-wee, a bloodbath, right? He worked twice his strength to have a place of his own. Glauber Contessoto, pictured, invested his life savings in Dogecoin in 2021. Turley, who lives in Los Angeles and works in crypto strategy at a streaming app, claims hes made millions in the crypto market. 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 the volatile meme coin has since dippedand hes no longer a Dogecoin millionaire. He told Insider that he believes cardano will be "blockchain 3.0" and is buying the ada token. On the website r/dogecoin, the trader even posted a screenshot of his Robinhood account with the caption "I just became a Dogecoin millionaire.". Glauber Contessoto became a cryptocurrency millionaire a little over two months after Elon Musk's tweets caused prices to soar. In addition, Contessoto shared in recent a YouTube video that he's selling his own beard cream lineup called the "Diamond Hand." The younger generations dont think so. "I'm a long-term holder, you guys know that, know what I'm saying, diamond hands?" 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. Its rapid increase in popularity and value has made people like Contessoto rich. For now, it would be really convenient for me to completely cash out. However, the crypto market is now in the doldrums and has been so after Bitcoin, "the main cryptocurrency" to which all . Some might argue - time will tell. Glauber Contessoto, 34, lives in Las Vegas, Nevada. Glauber Contessoto put all his money into Dogecoin. ", See Also: HOW TO BUY NON-FUNGIBLE TOKENS (NFTS), The Dogecoin millionaire said he expects NFTs to "be huge this year" and added "the ones found on VeVe will have an edge over other NFT projects given its official licenses with these exclusive collectibles and digital comic books.". According to a tweet Contessoto published, the move comes in . But for Glauber Contessoto, uncertainty comes along with crypto, and if you dont have the stomach to handle the volatility factor, then perhaps crypto is not made for you. The 33-year-old tells CNBC Make It that he decided to invest in Dogecoin after learning about it on Reddit. Glauber contessoto net worth glauber contessoto age Here's what happened: Vitalik Buterin, the live keno las vegas programmer who founded the cryptocurrency Ethereum, disclosed on Wednesday that he 6 Ripple XRP - Out of all the coins on this list, the story of Ethereum is my favorite investment on how to become rich with crypto.. Charles Hoskinson. 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. "Fortune favours the brave," actor Matt Damon opined. 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. He dabbled in the music business, dabbled in the stock market, and then, last year, turned to cryptocurrency specifically Dogecoin, a digital currency based on an image of a Shibu Inu, a Japanese hunting dog, a popular internet meme. 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.". $3 million). Get all the top stories from Crypto Bulls Club to keep track. A pril 16, 2021 Glauber Contessoto posted a screenshot of his digital wallet on Twitter. Read some more of the best visual investigationsand interactives by Four Corners. Although he remained well ahead on his investment, he was no longer a Dogecoin millionaire. From The Press. People are just on the side lines asking: "When do we jump in?". A lot of people don't realize this, but the first time I ever invested in any cryptocurrency was also in February 2021, so I had been in the space for two months and became a millionaire. According to his own account, Mr Contessoto grew up poor in a family that emigrated to the United States from Brazil and was determined to make money. BuyBlockchain.net . I had a lot of learning to catch up on; the theory, the utility, understanding what blockchain technology is all about. "What's going on guys? So, I think when you couple that with this new sexy cryptocurrency buzz, the celebrity promoting it, the social media reach, boy, it's a deadly combination.". Glauber Contessoto, 33 years old [1], is a first-generation immigrant whose parents came to the United States from Brazil when he was 6. He invested not only his savings, but also the stocks he owned which includes shares of Tesla and Uber. That's when he announced that he had become aDogecoin millionaire. The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice. He sold $100,000 worth of bitcoin at age 15, founded the teaching platform Botangle (motivated by his poor educational . In just two months, it was reported that he had become a Dogecoin millionaire. But crypto investor Cooper Turley, 26, said its only a matter of time before alternative currencies are completely mainstream. 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. 120 following. In #Dogecoin. Space to play or pause, M to mute, left and right arrows to seek, up and down arrows for volume. He took a massive risk by investing all of his lifes savings in a cryptocurrency initially known as meme coin. Contessoto never doubted DOgecoin, and as a result, his funding in . All rights reserved. The 33-year old crypto enthusiast put everything at stake but soon got remunerated as Dogecoins worth increased during the first half of 2021. Pero la voltil moneda meme ha cado desde entonces y l ya no es millonario Dogecoin. Thanks for contacting us. Altcoins, which typically follow Bitcoin sell-offs, have followed. Mr. Contessoto is a prime case study. Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. He no longer works at the music company in Los Angeles. At the same time, with my most recent YouTube videos, I've been getting a lot of support. The Dogecoin Millionaire Youtube channel is @thedogecoinmillionaire and he has 66.9K subscribers. 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. From Formula One to football, there is hardly a sporting code these days that's not sponsored by the cryptocurrency industry. . The biggest blessing from all this is the online community I've built. Now she believes she's being penalised, Marie is accused of terrible crimes against her own kids. Join half a million readers enjoying Newsweek's free newsletters. Whatever happens in the short-term doesnt matter to me because Im looking to hodl dogecoin for years to come. Contessoto investeerde naar eigen . Contessoto himself also tells his followers not to invest more than they could afford to lose. The 'SlumDoge Millionaire' made it big with crypto. In one month, he has made $28,000 from social media ads and promotions, which was primarily paid out in dogecoin. he told his many online followers in a video. 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. Glauber Contessoto who became famous as "the Dogecoin DOGE/USD millionaire" after his net worth skyrocketed following an investment in the memecoin shared his next speculative asset and. Dogecoin was invented in 2013 to poke fun at Bitcoin. "You risk losing nearly all the money you put in," James Ledbetter, editor of fintech newsletter FIN andCNBC contributor,previously toldCNBC Make It. "It took me two months to become a millionaire.". 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. The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. "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.". What is Maker? Glauber Contessoto while speaking to CNBC explained how the Reddit community and Elon Musk inspired his bold decision and how that has paid off. I had this mindset, I had this conviction, which I still do, about those coins. I started SuccessTitan to allow everyone to easily learn from the ultra-successful and achieve more in every area of their life. "I don't typically refer to cryptocurrencies as investments because I see them a lot more like gambling," she told Four Corners. 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). Everything is just bad right now. In February, 34 year-old Glauber Contessoto invested his life savings in Dogecoin. Glauber Contessoto Instagram (IG) is @prothedoge. The difference now is that I feel like it's going to take a lot longer than I had initially expected for these coins to be widely adopted. Since then I have kept every single coin. And the main reason that people invest in cryptocurrency is because they believe that there's a greater fool out there. 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. Still, Contessoto, just like many big bulls, remains extremely optimistic about Dogecoin, although he isnt presently a millionaire by Dogecoin on paper. Glauber Contessoto puso todo lo que tena en Dogecoin, una criptomoneda muy voltil que se invent originalmente como una broma. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. It was at once a show of faith and a marketing strategy. "So, they literally paid me in dogecoin. * 2022 Insider Inc. and finanzen.net GmbH . In fact, his destiny changed the previous night and it might have taken a day or two for him to. 18.9K followers. Contessoto will earn a total of $25,000 for an upcoming partnership between his YouTube channel and blockchain project Acria Network, he tells CNBC Make It. 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. AEST = Australian Eastern Standard Time which is 10 hours ahead of GMT (Greenwich Mean Time), abc.net.au/news/cryptocurrency-four-corners-investigation/101092486, Get breaking news alerts directly to your phone with our app, Help keep family & friends informed by sharing this article. Penalised, Marie is accused of terrible crimes against her own Kids industry! A matter of time before alternative currencies are completely mainstream over the past,... In July, Contessoto has refused to sell his investment, he said that of. Biggest blessing from all this is the Basketball Player J.R. Smiths Net worth 12:00! 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