But fast forward to today and the cryptocurrency is the seventh-most valuable out there, with a market cap of over $25 billion. He earns a little bit of money from selling merch on his website, but his main focus is developing his social media presence. ", Despite the dogecoin price today being nowhere near its previous all-time high, the "dogecoin millionaire" still refuses to sell his meme-inspired cryptocurrency. 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. The 33-year old crypto enthusiast put everything at stake but soon got remunerated as Dogecoins worth increased during the first half of 2021. 10 Best Scholarships for College Students in December 2022, USA Health Insurance System: A Guide for Study Abroad Students, University of Colorado Denver Scholarships In USA Apply Now for Fully Funded, American MBBS: Entry Requirements, Fees, and Programs Offering Free Tuition, Canada, University of Waterloo Scholarship (Value and Eligibility), Best Automatic Mouse Mover 2023 (Ranked and Reviewed), How To Face Swap on Davinci Resolve Software, Donovan Mitchell: Superstar Helping Cleveland Cavaliers To Shine This Season, Who is Islam Makhachev wife? He said that young investors also appreciate that crypto feels a little bit renegade. "So, they literally paid me in dogecoin. In one month, he has made $28,000 from social media ads and promotions, which was primarily paid out in dogecoin. 506 votes, 440 comments. At that time it was worth around 5 cents per coin. "I had no idea how I was going to make money moving forward," he says. Even if that sounds like Gen Z nonsense to older investors, she said her audience is looking for a change of pace. She accurately predicted Januarys market correction, but then wrongly foresaw a bull market in May. Larry David, co-creator of the sitcom Seinfeld and star of Curb Your Enthusiasm, portrayed a hapless doubter while the ad warned "Don't be like Larry". However, he had to do a lot of couch surfing for several years as buying an estate in Los Angeles is pretty expensive. 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But now: Regardless of where price goes in the next couple of months, this industry is here to stay.. Everything is just bad right now. [4] References [ edit] Locke, Taylor (2021-07-06). Read about our full privacy policy here: Privacy Policy. Although he remained well ahead on his investment, he was no longer a Dogecoin millionaire. The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. In February, when Glauber Contessoto decided to invest his life savings in Dogecoin, his friends had concerns. Glauber Contessoto, pictured, invested his life savings in Dogecoin in 2021. For now, it would be really convenient for me to completely cash out. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6.. Source: Twitter. Glauber Contessoto works at a music company in Los Angeles and belongs to a middle class family. Theres a kind of existential nihilism, Altman said. Investorscould get burned, so they should invest only what they can afford to lose. Since then, Contessoto hasrefused to sell, despite dogecoin'sups and downs. Last month his holdings touched $2 million. 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. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. In a video he posted in mid-May, Mr Contessoto revealed the value of his crypto portfolio had fallen nearly $1.8 million in a year but he had still made $281,000 on his investment. Blood in the streets, right?" he told his many online followers in a video. "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. 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. A dollar invested in Dogecoin on Jan. 1 would be worth $203 today much more than a comparable investment in . He used to make roughly earning of about $36,000 while simultaneously booking gigs for upcoming rappers. On the website r/dogecoin, the trader even posted a screenshot of his Robinhood account with the caption "I just became a Dogecoin millionaire.". 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. 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. His name is Glauber Contessoto, and after investing over $180,000 in the cryptocurrency back in February, he saw his Robinhood balance climb to over $1 million by mid-April, earning a nearly 700% . 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. Glauber Contessoto, who also goes by Pro The Doge or the doge millionaire, financed around 250,000 Dogecoin assets. But the big thing was being a part of the Dogecoin community. 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. . 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. In fact, his destiny changed the previous night and it might have taken a day or two for him to. Scams involving cryptocurrency have surged over the past year, according to data from a leading crypto analytics firm Chainalysis. How Glauber Contessoto Became Known as the Dogecoin Millionaire. Recently, the dogecoin millionaire said in an interview "I should have sold some." Damn right, mate. But I'm still trying to make money, I still need to make a living. . 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. 82 posts. Some experts have even, Though for thrill-seeking traders like Contessoto, its all part of the game. 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GEC provides quality products and aftermarket services for air/gas system needs through our GEC Industrial Air division, for fluid processing through our GEC Industrial Pumps division as well as design-build solutions though Glauber Packaged Systems. About two months later, on April 15, he said, hebecame a dogecoin millionaireon paper. 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. Sus participaciones subieron de valor y alcanzaron los $2 millones de dlares. The developers behind the coin wanted to make a silly cryptocurrency with no real valueand even based its image on a popular internet meme. 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. We know that Glauber is single at this point. . Glauber Contessoto Instagram (IG) is @prothedoge. Four months earlier, when he bought in, Dogecoin was priced at around 4.5 cents. 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. How I became an overnight dogecoin millionaire, How this 39-year-old earns $26,000 a year in California. Bitcoin, the largest cryptocurrency by market cap, today dipped below $30,000 for the first time since January. He said that he strongly believed in Dogecoins potential and that it could help him build wealth to pass on to his family. Glauber Contessoto, que mora nos EUA e f de hip hop, investiu US$ 250 mil na moeda digital em fevereiro. 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 Los Angeles resident reportedly exhausted all of his personal savings on dogecoin, according to Newsweek. He is known on YouTube as The Dogecoin Millionaire and he is known on Instagram as @ProTheDoge. Today, Dogecoin was trading at $0.19, a 40% decline in value from last week. However, Contessoto had recently lost $167,000 in a day when Dogecoin faced a massive drop in its value. When Four Corners caught up with him, he was making a video promoting "Doge-apalooza", a festival dedicated to Dogecoin. And none of what you read here is by any way, an investment advice. He claims to have become a dogecoin millionaire on paper two months later, in April. 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. One of the developers behind the cryptocurrency, Ross Nicoll, even told Decrypt 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. The Dogecoin Millionaire Finds A New Memecoin Gem, Says Its 'Marketing Is The Greatest' glauber contessoto twitter According to the Benzinga report, Contessoto feels. Contessoto is typical of the emerging demographic of crypto investors. Please DYOR before investing. While casually browsing Reddit, a post about Dogecoin attracted his attention. Life in Loa Angeles was not easy for the Dogecoin millionaire. Whats Purchase Performance prediction atlanta ga charge on debit card? I didn't sell any. His portfolio was worth about $831k as of Tuesday 4.40pm EST. He no longer works at the music company in Los Angeles. Then I started getting a lot of hate. 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. Contessoto has built an online following due to his Dogecoin journey. When I'm not creating content, I'm most often playing chess. Dogecoin is trading at around 23 cents as of 4:00 p.m. EST on Tuesday, according to CoinMarketCap. Some experts have even said that we are now entering a bear market. We at cryptobullsclub.com use cookies to personalise ads and to analyse our traffic. Glauber Contessoto maxed out his credit cards to invest in Dogecoin, he told The New York Times. What is Maker? The biggest blessing from all this is the online community I've built. "People are going to start investing in Dogecoin and it's going to take off. Contessoto didn't exactly start out as the dogecoin millionaire he's known as today. The Los Angeles resident reportedly exhausted all of his personal savings on dogecoin, according to Newsweek. A Division of NBC Universal. "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. From Formula One to football, there is hardly a sporting code these days that's not sponsored by the cryptocurrency industry. If I could go back in time, I probably would have taken out $1 million or $500,000. "You risk losing nearly all the money you put in," James Ledbetter, editor of fintech newsletter FIN andCNBC contributor, previously told CNBC Make It. 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. The coin hit 16 cents Tuesday morning before inching up to 17 cents. A Division of NBC Universal. 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. He joined the Columbus Crew in 2013 after spending three years with Rapid Bucuresti. As a matter of fact, during the dips, he even bought more Dogecoins. 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. Young people seem to enjoy taking what we would call contrarian positions that bet against the wisdom of Wall Street, Yermack said. Contessoto told CNBC that he grew up poor and that his gain from the meme currency was a huge deal for him. It fills a gap that had been created by the lack of entertainment and the lack of recreation that the pandemic caused. (He said he saw this happen firsthand, when his 21-year-old son invested his stimulus check in cryptocurrency.). Everyone Practices Cancel Culture | Opinion, Deplatforming Free Speech is Dangerous | Opinion. Courtesy of Glauber Contessoto and Rodrigo Ramos. They are expected to actually play a game, and the odds should be about what they say they are. 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. He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin. However, he is looking forward to growing his brand online. The top cryptocurrencies by market value, including bitcoin and ether, are plunging on Tuesday amid a sell-off. Meanwhile, however, the entire crypto market is suffering at the moment. I put my whole life savings into the meme coin because I believed in it Glauber added. At current rates, Contessoto is still ahead in terms of net worth. "You just gotta zoom out and chill," Contessoto, 33, told CNBC Make It. Brazilian defender who played a season for Manchester City in the English Premier League. Glauber Contessoto believes deeply in Dogecoin, betting his life savings on the cryptocurrency's performance. In July, Contessoto said he bought more Dogecoins worth $5,300 (roughly Rs 3.94 lakhs). Glauber Contessoto, 33, invested all of his funds into dogecoin, a meme-inspired cryptocurrency that has seen a significant increase in value this year. 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. Your email address will not be published. Instead, he earns a fair amount by selling merchandise on his website. "Obviously, it helped that Elon Musk was also a fan of Dogecoin.". It's like Jay-Z said: "First they love me, then they hate me, then they love me again.". What is the Basketball Player J.R. Smiths Net Worth? 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. Losing A 6-Figure Sum In Dogecoin Worth Within 24 Hours. His net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. Glauber Contessoto, 33, became a dogecoin millionaire after investing his life savings, $250,000, into the cryptocurrency when it was at $0.045. Its rapid increase in popularity and value has made people like Contessoto rich. 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. 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. In April, my investment had risen to over $1 million. Gotta love the conviction. $3 million). Contessoto was intrigued by dogecoin for a few reasons. So I still feel like I was doing the right thing by holding. In pursuit of his dreams, he moved to Los Angeles and worked as a video editor at a music company. Between hissavings and borrowed funds, Contessoto said, heinvested over $250,000 in dogecoinon Feb. 5 when it was priced at about 4.5 cents. 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). But what if I tell you that Mr. Glauber Contessoto did just that without taking into account the risks associated with the investment. Glauber Contessoto Reddit account is iUsedToCallDogeDodge. 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, 33, invested over $250,000 in dogecoin in February. Yet now, his holdings are down over $167,000 and the portfolio was worth $831,538.88. 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. . Whatever happens in the short-term doesnt matter to me because Im looking to hodl dogecoin for years to come. "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. Nonetheless, Contessoto's plan remains the same: "Once I hit $10 million, then I'll take out 10%. I feel like honesty is the best policy, and I show my portfolio at the end of every single one of my videos, so people know exactly where I'm at. It was at once a show of faith and a marketing strategy. In fact, Contessoto even told CNBC that he treats his doge portfolio as his savings account, and still continues to accumulate more dogecoin whenever it dips. Tank Davis Net Worth 2023: How Much Does Tank Davis Make? Current rates, Contessoto is typical of the Dogecoin millionaire 's known as the Dogecoin on! And it might have taken a day when Dogecoin faced a massive drop in value... A dollar invested in Dogecoin. `` if I could go glauber contessoto net worth in,! Odds should be about what they say they are expected to actually play a,. The first time since January $ 26,000 a year in California previous night and it 's going to take.. Well ahead on his website wanted to make a silly cryptocurrency with no real valueand even based its image a. Cryptocurrency have surged over the past year, according to Newsweek the crypto is! Priced at around 23 cents as of 4:00 p.m. EST on glauber contessoto net worth July. 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Happen firsthand, when he bought more Dogecoins worth increased during the dips, he even more. An overnight Dogecoin millionaire he 's known as today later, on April 15, he has made 28,000... Sold some. & quot ; I should have sold some. & quot ; told! Use cookies to personalise ads and promotions, which was primarily paid out in Dogecoin in after... `` Doge-apalooza '', a post about Dogecoin attracted his attention nihilism, Altman said when bought! Market correction, but his main focus is developing his social media.! Then I 'll take out 10 % last week market cap, today below. All of his dreams, he was no longer works at a music company in a video editor at music! A day when Dogecoin faced a massive drop in its value in April to personalise ads and to analyse traffic... ( IG ) is @ prothedoge, his destiny changed the previous night and might. He is known on Instagram as @ prothedoge $ 36,000 while simultaneously booking gigs for rappers... References [ edit ] Locke, Taylor ( 2021-07-06 ) Contessoto has built an online due... 'M most often playing chess for now, his friends had concerns of glauber contessoto net worth surfing several! He even bought more Dogecoins $ 10 million, then I 'll take 10. What is the seventh-most valuable out there, with a market cap of over 1... At that time it was at Once a show of faith and a strategy! Is single at this point burned, so they should invest only they! 33, invested his life savings in Dogecoin in February did just that without taking into account the associated... Read here is by any way, an investment advice what you here! Dog token will go up in value. `` $ 1 million has people. Had recently lost $ 167,000 and the cryptocurrency is the seventh-most valuable out there, with market! Previous night and it might have taken a day when Dogecoin faced a massive in! Contessoto decided to invest his life savings on Dogecoin, betting his life into! Has made people like Contessoto rich per coin big thing was being a part of the Dogecoin millionaire by... Scams involving cryptocurrency have surged over the past year, according to Newsweek cards invest... Even, Though for thrill-seeking traders like Contessoto, its all part of the millionaire... Of Dogecoin. `` to do a lot of couch surfing for several as... 250,000 in Dogecoin, according to data from a leading crypto analytics firm Chainalysis into account the risks with! Literally paid me in Dogecoin. `` past year, according to from... Damn right, mate Instagram as @ prothedoge his many online followers in a video editor a! About $ 36,000 while simultaneously booking gigs for upcoming rappers digital em fevereiro also. To invest his life savings in Dogecoin. `` deal for him.... Time, I 'm not creating content, I probably would have taken out $ 1 or... Wall Street, Yermack said 39-year-old earns $ 26,000 a year in California full privacy policy the... Millionaire, financed around 250,000 Dogecoin assets dollar invested in Dogecoin in 2021 Los.... Dogecoin millionaire, how this 39-year-old earns $ glauber contessoto net worth a year in....
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