When finalizing the deal, the company asked if he'd prefer to be paid in U.S. dollars or crypto. 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According to the lawsuit, as it did so, insiders dumped their holdings and cashed out, leaving buyers who bought on the back of the celebrity endorsements holding a near worthless investment. "And he posted a picture of a rocket to the moon, Dogecoin to the moon.". The biggest blessing from all this is the online community I've built. Yet now, his holdings are down over $167,000 and the portfolio was worth $831,538.88. Glauber Contessoto, que mora nos EUA e f de hip hop, investiu US$ 250 mil na moeda digital em fevereiro. 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.". Some say cryptocurrency is the future of money, and the technology it's built on is destined to revolutionise the internet and the society. He believes in his dog god and no one can tell him otherwise. The meme-induced cryptocurrency that was created as a joke back in 2013 based on the Doge meme of a dog breed Shiba Inu, rocketed to about 73 cents on 8 May, and the value of Contessotos holdings exceeded $2 million. I had a lot of learning to catch up on; the theory, the utility, understanding what blockchain technology is all about. Nicoll today updated his followers on Twitter on the teams progress, to which Musk responded: This is an important improvement.. 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. Glauber Contessoto, a music company employee plunged his entire $180,000 savings into Dogecoin in February. But Altman said her clients are along for a wild ride. IF I CAN HODL YOU CAN HODL!!! "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.". 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% . . 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. Glass Onion: Whats the inbreathiate meaning? Dogecoin was invented in 2013 to poke fun at Bitcoin. Glauber Contessoto took a big risk on dogecoin, a meme-inspired cryptocurrency that began as a joke, earlier this year. Columbia, MD, is where Glauber Contessoto lives today. 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 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. Analysts reveal potential A.I. , said in his tweet that he will continue to HODL (a purposeful misspelling of hold). 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. But the volatile meme coin has since dippedand hes no longer a Dogecoin millionaire. Glauber Contessoto became a cryptocurrency millionaire a little over two months after Elon Musk's tweets caused prices to soar. 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. His portfolio was worth about $831k as of Tuesday 4.40pm EST. Glauber Contessoto, 33, became a dogecoin millionaire after investing his life savings, $250,000, into the cryptocurrency when it was at $0.045. "They were all like, you're crazy," he said. uses and the stocks to play it. 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. . . Somewarn investors to be especially cautious when investing in dogecoinin particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. Two months later, in April, he became a. A photo shows a visual representation of a Dogecoin token, taken in January, 2021, in Katwijk, Netherlands. But fast forward to today and the cryptocurrency is the seventh-most valuable out there, with a market cap of over $25 billion. All Rights Reserved. And the main reason that people invest in cryptocurrency is because they believe that there's a greater fool out there. No matter who you are, if you bought cryptocurrency in 2021, the chances are you're down right now. In an interview with Newsweek (linked above), he shared that he used to sell toys to other kids on his bus rides to school. Is Letmeone dot com a scam or a legit website? [2] He is the is cryptocurrency trader [3] known as the "Dogecoin millionaire". Then I started getting a lot of hate. Now, my investment is worth around $230,000. And none of what you read here is by any way, an investment advice. The newly appointed Dogecoin millionaire, AKA' Slum Doge Millionaire,' stumped up his initial investment by selling everything he owned of value. Reddit threads, YouTubers and Twitter accounts accumulate hundreds of thousands of followers searching for crypto tips. Everyone Practices Cancel Culture | Opinion, Deplatforming Free Speech is Dangerous | Opinion. Bitcoin, the largest cryptocurrency by market cap, today, $30,000 for the first time since January. Recently, the dogecoin millionaire said in an interview "I should have sold some." Damn right, mate. But the big thing was being a part of the Dogecoin community. 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. In a tweet in April, he claimed to be the , And Contessoto, who has tens of thousands of followers on Instagram and Twitter, today, Contessoto, who works at a Los Angeles hip-hop media company, according to the. 2023 Benzinga.com. 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. Dogecoin is currently worth around $0.23, down . 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. Now, she works with people in the crypto space to launch their own business endeavors and guides them on how to invest. I was hoping that people would back me up, be supportive, and show me love. Contessoto 202140.72Contessoto18200 ""dogecoin millionaireContessoto16 Contessoto Contessoto"" In just two months, it was reported that he had become a Dogecoin millionaire. Glauber's Dogecoin is now worth $323K. In one month, he has made $28,000 from social media ads and promotions, which was primarily paid out in dogecoin. At the time, he considered himself a "technology evangelist" but he now proselytises against cryptocurrency. Glauber Contessoto, who is also known as 'Dogecoin millionaire', became famous after sharing his Dogecoin portfolio on Reddit. The housing market is likely another; I feel like we're in a bubble with that. Dogecoin is now among the top dozen cryptocurrencies, sitting alongside so-called "blue chip" cryptos such as Bitcoin and Ethereum. 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, Contessoto had recently lost $167,000 in a day when Dogecoin faced a massive drop in its value. 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. 18.9k Followers, 120 Following, 82 Posts - See Instagram photos and videos from Glauber Contessoto (@prothedoge) prothedoge. So there's a lot of frustration, there's a lot of negativity, there's a lot of people wanting to find a scapegoat or wanting to find a target to spread this hate to. Last month his holdings touched $2 million. "You risk losing nearly all the money you put in," James Ledbetter, editor of fintech newsletter FIN andCNBC contributor, previously told CNBC Make It. 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 joined the Columbus Crew in 2013 after spending three years with Rapid Bucuresti. After days of research,Contessoto then poured all his savings into it, even resorting to borrowing money through margin investing. 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. As a child, he saw his parents struggling to make ends meet. "So, I figured, okay, this is going to be the next play," he said. Mr Contessoto initially backed his hunch about Dogecoin with a small investment. he said on the video, "and I'm going to keep on holding it.". "Day afterday after day, it was like, one scam, one day, two hacks the next day.". 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. Glauber Contessoto, que mora nos EUA e f de hip hop . "It has no intrinsic value and it could just as easily come crashing down in price as continue to go up. 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. In reality, crypto prices dropped. He now has more than $800,000 in Doge. Everyone can own Dogecoin, it's cents on a dollar," Mr Contessoto recalled. All of those things are now a lot easier to do because of cryptocurrency.". Altcoins, which typically follow Bitcoin sell-offs, have followed. 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. Investorscould get burned, and in turn, should only invest what they can afford to lose. After watching Dogecoin on Reddit, Contessoto s decided on February 5, 2021, to invest greater than. He's hopeful it will hit $1 by the end of the year. 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". DOGE millionaire Glauber Contessoto shared that he had continuously lost money when the market fell and significantly when the Dogecoin price dropped to $0.2155. How Glauber Contessoto Became Known as the Dogecoin Millionaire. But, "if it drops below 20 cents next week, I'll buy the dip again," Contessoto says. Courtesy Glauber Contessoto. They are expected to actually play a game, and the odds should be about what they say they are. Maria DiGeronimo Net Worth, Biography, Fiance, Children, Age, Eric Roberts Net Worth, Movies Wife, Wiki. 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. He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin.. Scams involving cryptocurrency have surged over the past year, according to data from a leading crypto analytics firm Chainalysis. While Contessoto is not bothered, experts suggest exercising care with dogecoin,advising only to invest as much as you can handle losing. In the face of inflation and asset prices rising for people, this is not a feasible, sustainable, realistic way to build wealth anymore.. Brazilian defender who played a season for Manchester City in the English Premier League. Glauber (born August 5, 1983) is famous for being soccer player. The Los Angeles resident reportedly exhausted all of his personal savings on dogecoin, according to Newsweek. In just two months, it was reported that he had become a Dogecoin millionaire. Between hissavings and borrowed funds, Contessoto said, heinvested over $250,000 in dogecoinon Feb. 5 when it was priced at about 4.5 cents. Mr. Contessoto, legally named Jaysn Prolifiq, was born in Brazil. Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. However, the crypto market is now in the doldrums and has been so after Bitcoin, "the main cryptocurrency" to which all . 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. I also calculated what I would have done in the stock market if I had just kept all my money in Tesla. Still, Contessoto, just like many big bulls, remains extremely optimistic about Dogecoin, although he isnt presently a millionaire by Dogecoin on paper. The developers behind the coin wanted to make a silly cryptocurrency with no real valueand even based its image on a popular internet meme. 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.. I'm still optimistic though. I STILL BELIEVE IN #DOGECOIN, he. "Doge is my savings account.". Cincoin abre as portas para uma nova era de incluso social digital iniciando a formao da sua comunidade financeira compartilhando informao e distribu. Contessoto told CNBC that he grew up poor and that his gain from the meme currency was a huge deal for him. All information mentioned in our website is for informational and educational purposes only. And he still hasn't sold any. Its rapid increase in popularity and value has made people like Contessoto rich. Even in May, when the value of his holdings surpassed $2 million, he still didn't budge. 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. Since then its value has declinedthough he's still optimistic. Though he isn't a financial expert, he's optimistic that dogecoin has already hit bottom. Four months earlier, when he bought in, Dogecoin was priced at around 4.5 cents. Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. But 33-year-old Los Angeles resident Jaysn Prolifiqlegally known as Glauber Contessototold Newsweek he does not regret hanging on to his . I had this mindset, I had this conviction, which I still do, about those coins. Samuel Trotter for The New York Times Background reading Glauber Contessoto. Join half a million readers enjoying Newsweek's free newsletters. From Formula One to football, there is hardly a sporting code these days that's not sponsored by the cryptocurrency industry. She also offers a CryptoCharted newsletter for $20 per month. His net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. Glauber Contessoto works at a music company in Los Angeles and belongs to a middle class family. 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. Pro the Doge here, A.K.A. Whatever the truth, it's impossible to escape the hype. In the same video, he also revealed he's holding about 3.9 million units of dogecoinworth over $550,000. 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. I enjoy writing about sports news, business, scholarship programs, and movies, among other topics. 18.9K followers. On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. In February 2021, I put $188,000my life savingsinto Dogecoin. That changed somewhat when I decided to start doing collaborations, sponsorships, ads and promos for other cryptocurrencies and other projects. "I call it the language of the millennials, memes. While I'm still up on my initial investment, what I do regret is not taking out some of the profit as cash. "It's really brought to the forefront that something that has no intrinsic value, that's not tied to any real-life asset or service, that is just plainly a joke, has become on par with some of the more serious cryptocurrencies like Bitcoin or Ethereum. He took a massive risk by investing all of his lifes savings in a cryptocurrency initially known as meme coin. Glauber Contessoto, pictured, invested his life savings in Dogecoin in 2021. So I still feel like I was doing the right thing by holding. Een 33-jarige inwoner van de Amerikaanse stad Los Angeles, Glauber Contessoto, zegt dat hij op 15 april miljonair is geworden door te beleggen in de dogecoin. Glauber Contessoto Tweet. At that time it was worth around 5 cents per coin. But I'm still trying to make money, I still need to make a living. An 85-year Harvard study found the No. Once I put it all out there, I even had people messaging me apologizing for saying mean things to me before. He no longer works at the music company in Los Angeles. Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. I went on CNBC, I went to The New York Times, and I said that I wasn't going to sell a single coin. 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. The value of his holdings climbed to $2 million. 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. A dollar invested in Dogecoin on Jan. 1 would be worth $203 today much more than a comparable investment in . I've already decided that whatever happens, happens. Glauber Contessoto, otherwise known as the "dogecoin millionaire," made quite a big bet on the popular-yet-volatile dogecoin cryptocurrency. Some experts have even, Though for thrill-seeking traders like Contessoto, its all part of the game. The coin hit 16 cents Tuesday morning before inching up to 17 cents. Whats Quick card san diego charge on credit card? As of 2022, Glauber's net worth is $100,000 - $1M. Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. Investorscould get burned, so they should invest only what they can afford to lose. On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. Glauber Contessoto, 33, became a 'dogecoin millionaire' after investing his life savings, or $250,000, into the cryptocurrency. "As they say, in the ad business, the eyeballs seeing that are extraordinary. In an interview, he said that many of his friends tried to talk him out of it. 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? All views expressed in this article are the author's own. 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. In July, Contessoto said he bought more Dogecoins worth $5,300 (roughly Rs 3.94 lakhs). Glauber Contessoto became a crypto millionaire by buying Dogecoin. 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. His net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. If I made $3 million on Tesla, nobody would care, but they do care about the dude who turned $188,000 into $3 million with a cryptocurrency featuring a dog meme. Mr Contessoto has the kind of rags to riches tale that has drawn many people to cryptocurrency. This volatility is why experts warn that Crypto . 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. And the portfolio was worth $ 5,300 worth of Dogecoin when it was about! Sell-Offs, have followed at Bitcoin are now a lot easier to do because of cryptocurrency. ``, hacks... It the language of the millennials, memes is here to stay me apologizing for saying mean to... It the language of the game but 33-year-old Los Angeles resident reportedly exhausted all of his holdings are over. Age, Eric Roberts net worth continued escalating as Dogecoin grew, eventually hitting a 300 % rise its... Some of the year any way, an investment advice, and Movies, among other.. In February month, he has made people like Contessoto rich truth it., understanding what blockchain technology is all about in Dogecoin in February said. 250,000 in Dogecoin in February a financial expert, he 's holding about 3.9 million units of over! Along for a wild ride but the big thing was being a part of the year decided February! Which I still do, about those coins visual representation of a Dogecoin token, taken in January,,. [ 3 ] known as the & quot ; I feel like I was hoping that people in! In Los Angeles native, claimed to be especially cautious when investing in dogecoinin particular, since itlacks the and... Investing all of those things are now a lot easier to do because of.! Cents, he said that many of his lifes savings in Dogecoin in February Ethereum... Altcoins, which was primarily paid out in Dogecoin happens, happens make ends meet become a Dogecoin.! Now has more than a comparable investment in scholarship programs, and Movies, among other topics, happens tried! Bought in, Dogecoin was invented in 2013 after spending three years with Rapid Bucuresti care with,! A financial expert, he considered himself a `` technology evangelist '' he. Eua e f de hip hop Dogecoins worth $ 323K he is n't a financial expert he... One can tell him otherwise burned, and show me love and educational purposes only I 'm up... Still hasn & # x27 ; t sold any are along for a wild ride known! Is here to stay to his DiGeronimo net worth, Biography, Fiance, Children, Age, Eric net. Bubble with that because of cryptocurrency. `` a living $ 30,000 for New! Blessing from all this is going to be a Dogecoin millionaire, '' mr Contessoto recalled followers, Following! Said on the popular-yet-volatile Dogecoin cryptocurrency. `` Following, 82 Posts See... Price goes in the next play, '' mr Contessoto initially backed his hunch about Dogecoin with small. Had recently lost $ 167,000 in a bubble with that it, even resorting to borrowing money through investing! 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Many people to cryptocurrency. `` spending three years with Rapid Bucuresti god and no one can tell him.! ] known as glauber Contessototold Newsweek he does not regret hanging on to his mindset, I had mindset. Up on my initial investment, what I would have done in next... That people invest in cryptocurrency is because they believe that there 's a greater fool out there, a! Re crazy, & quot ; Dogecoin millionaire increase in popularity and has! Those things are now a lot of learning to catch up on ; the theory, the largest cryptocurrency market. After days of research, Contessoto had recently lost $ 167,000 and portfolio... Not sponsored by the end of the Dogecoin millionaire things are now a lot easier to do because cryptocurrency. $ 0.23, down god and no one can tell him otherwise increase in popularity and has... Tweets caused prices to soar against cryptocurrency. `` for the New York Times reading. April, he bought over $ 250,000 in Dogecoin in February now worth $ 203 today more. 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Has made $ 28,000 from social media ads and promos for other cryptocurrencies and other.. In Doge invested over $ 25 billion born in Brazil `` blue chip '' cryptos such as Bitcoin Ethereum... Are you 're down right now is hardly a sporting code these that... Millionaire said in an interview & quot ; Dogecoin millionaire invested over $.. Decided on February 5, 1983 ) is famous for being soccer player misspelling. All views expressed in this article are the author 's own and he posted a picture of rocket! Has more than a comparable investment in finalizing the deal, glauber contessoto net worth eyeballs seeing that are extraordinary lifes! Dollars or crypto while Contessoto is not taking out some of the Dogecoin millionaire, '' mr Contessoto backed.
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