Cincoin abre as portas para uma nova era de incluso social digital iniciando a formao da sua comunidade financeira compartilhando informao e distribu. (Updated), Kdpals charge on credit card and bank statement: What its about, Reetata green tea mask scam: HONEST review (Updated), Is Aikocol.com a scam or legit? . 82 posts. He has 11k followers at the time of writing this report. ", Despite the dogecoin price today being nowhere near its previous all-time high, the "dogecoin millionaire" still refuses to sell his meme-inspired cryptocurrency. But crypto investor Cooper Turley, 26, said its only a matter of time before alternative currencies are completely mainstream. 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. 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 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. I put my whole life savings into the meme coin because I believed in it Glauber added. "It's something at the SEC we used to call the Greater Fool Theory that you believe there's a greater fool out there who will pay more, whatever the cryptocurrency might be.". While casually browsing Reddit, a post about Dogecoin attracted his attention. 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. An unexpected windfall will cheer you up no end between now and the weekend but watch out for those who want to help you spend it or you could end up with precious little left for yourself. 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. The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. "Of course, I said dogecoin," he says. 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. In an interview with Newsweek (linked above), he shared that he used to sell toys to other kids on his bus rides to school. * 2022 Insider Inc. and finanzen.net GmbH . 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. Mr Contessoto initially backed his hunch about Dogecoin with a small investment. I STILL BELIEVE IN #DOGECOIN, he. Glauber Contessoto put all his money into Dogecoin. He plans to buy more of the digital coin and "hodl" for the long haul. He earns a little bit of money from selling merch on his website, but his main focus is developing his social media presence. this will not tell you what levels to take profit at, just directional indicators #astrology #crypto #bitcoin #WhatWouldPopTartsDo. Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. Ms White has a soft spot for the Dogecoin, the satirical crypto that became mainstream. Pro the Doge here, A.K.A. And he still hasn't sold any. . Glauber Contessoto Reddit account is iUsedToCallDogeDodge. The Los Angeles resident reportedly exhausted all of his personal savings on dogecoin, according to Newsweek. Even in May, when the value of his holdings surpassed $2 million, he still didn't budge. So in 2019, he started investing in renowned companies like Uber and Tesla on Robinhood, which is a commission-free trading app. Glauber Contessoto, 33 years old [1], is a first-generation immigrant whose parents came to the United States from Brazil when he was 6. Crypto is highly volatile. I went on CNBC, I went to The New York Times, and I said that I wasn't going to sell a single coin. Obviously that's going to affect cryptocurrency. Save my name, email, and website in this browser for the next time I comment. We're also seeing murmurs of a recession coming up soon. Hoje, tem US$ 2 milhes. On the website r/dogecoin, the trader even posted a screenshot of his Robinhood account with the caption "I just became a Dogecoin millionaire.". On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. Reddit threads, YouTubers and Twitter accounts accumulate hundreds of thousands of followers searching for crypto tips. Dogecoin is now among the top dozen cryptocurrencies, sitting alongside so-called "blue chip" cryptos such as Bitcoin and Ethereum. Read about our full privacy policy here: Privacy Policy. [4] References [ edit] Locke, Taylor (2021-07-06). The developers behind the coin wanted to make a silly cryptocurrency with no real valueand even based its image on a popular internet meme. In the same video, he also revealed he's holding about 3.9 million units of dogecoinworth over $550,000. (He could have sniped back by reminding them hes still up 3X on his investment.). 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. What is Maker? No matter who you are, if you bought cryptocurrency in 2021, the chances are you're down right now. Glauber Contessoto believes deeply in Dogecoin, betting his life savings on the cryptocurrency's performance. Glauber Contessoto, otherwise known as the "dogecoin millionaire," made quite a big bet on the popular-yet-volatile dogecoin cryptocurrency. "It took me two months to become a millionaire.". Contessotto, who works in the music industry, claimed Elon Musk, the billionaire, was a major influence on his decision. Contessoto says everybody's stomach gets a little queasy when they experience their first dip because the crypto market is volatile and it will probably drop in price no matter when you buy in. 5.8M subscribers in the CryptoCurrency community. Nicoll today updated his followers on Twitter on the teams progress, to which Musk responded: This is an important improvement.. 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. At the time, he considered himself a "technology evangelist" but he now proselytises against cryptocurrency. That changed somewhat when I decided to start doing collaborations, sponsorships, ads and promos for other cryptocurrencies and other projects. Glauber Contessoto, 34, lives in Las Vegas, Nevada. "You risk losing nearly all the money you put in," James Ledbetter, editor of fintech newsletter FIN andCNBC contributor, previously told CNBC Make It. Source: TradingView.com. But as we all know, cryptocurrencies have been undergoing a lull lately. Four months earlier, when he bought in, Dogecoin was priced at around 4.5 cents. In the volatile cryptocurrency market, you don't need to be on the end of a scam to lose money. "You risk losing nearly all the money you put in," James Ledbetter, editor of fintech newsletter FIN andCNBC contributor,previously toldCNBC Make It. 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. Last month his holdings touched $2 million. Samuel Trotter for The New York Times Background reading Glauber Contessoto. In addition, Contessoto shared in recent a YouTube video that he's selling his own beard cream lineup called the "Diamond Hand." 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. Other people are telling me to stay strong, others sharing their stories. Glauber Contessoto put everything he had into Dogecoin, a highly volatile cryptocurrency that was originally invented as a joke. I STILL BELIEVE IN #DOGECOIN, he said on Twitter. But I feel like that would probably be the most cowardly move that I could ever make. People had a lot of free time on their hands and were locked in their apartments, he said. In February, 34 year-old Glauber Contessoto invested his life savings in Dogecoin. Glass Onion: Whats the inbreathiate meaning? In a tweet in April, he claimed to be the first Dogecoin millionaire of 2021.. As of around 2:50 p.m. EST on Tuesday, his dogecoin holdings were. Follow. 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. Since then, Contessoto hasrefused to sell, despite dogecoin'sups and downs. "I believe it's one big Ponzi scheme," he told Four Corners. 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. Whatever the truth, it's impossible to escape the hype. From The Press. 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. The 33-year-old tells CNBC Make It that he decided to invest in Dogecoin after learning about it on Reddit. That was worth more than $7,000 at the time I interviewed them together. "With cryptocurrency, there's really no reason that people need to tell you the risk involved or the odds that you make money and oftentimes people will just totally make off with your cryptocurrency and there's nothing you can do about it. I'm still optimistic though. Altcoins, which typically follow Bitcoin sell-offs, have followed. Glauber Contessoto him Glauber Contessoto 33 Dogecoin All-in Dogecoin . Know this before dealing, No Aiden People are reacting to a viral TikTok video featuring a toddler, This is awful, Its In My Legs Guys Try Period Pain Simulator, We Loving Kandi And Tiny If I Get Caught Cover. How I became an overnight dogecoin millionaire, How this 39-year-old earns $26,000 a year in California. After watching Dogecoin on Reddit, Contessoto s decided on February 5, 2021, to invest greater than. Doge rally was nearing its peak earlier this year when Contessoto had posted to the Dogecoin subreddit, which earned him the title of Dogecoin millionaire. How I became an overnight dogecoin millionaire, How this 39-year-old earns $26,000 a year in California. "You just gotta zoom out and chill," Contessoto, 33, told CNBC Make It. They are expected to actually play a game, and the odds should be about what they say they are. Glauber Contessoto, who is also known as 'Dogecoin millionaire', became famous after sharing his Dogecoin portfolio on Reddit. But fast forward to today and the cryptocurrency is the seventh-most valuable out there, with a market cap of over $25 billion. A dollar invested in Dogecoin on Jan. 1 would be worth $203 today much more than a comparable investment in . Brazilian defender who played a season for Manchester City in the English Premier League. I've been passionate about self-development and always loved to read biographies. Glauber Contessoto, 33, invested all of his funds into dogecoin, a meme-inspired cryptocurrency that has seen a significant increase in value this year. ", "I had a game plan in mind going into this purchase, and I wouldn't feel right always telling people to 'buy and hold' and as soon as I hit $3 million, cash out and leaving everyone else hanging," he said. That's when he announced that he had become aDogecoin millionaire. Los Angeles-based Glauber Contessoto became a millionaire on April 15, 2021, 69 days after investing his life savings - over $250,000 in dogecoin in February. "Hey guys I just became a Dogecoin millionaire," he wrote on Redditand attached a screenshot of his holdings on Robinhood. Everyone can own Dogecoin, it's cents on a dollar," Mr Contessoto recalled. Investorscould get burned, and in turn, should only invest what they can afford to lose. With major cryptocurrencies persisting to be in the red as of the next day, Contessotos portfolio was hit, which only consists of Dogecoin. 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. The newly appointed Dogecoin millionaire, AKA' Slum Doge Millionaire,' stumped up his initial investment by selling everything he owned of value. , said in his tweet that he will continue to HODL (a purposeful misspelling of hold). In a tweet, Contessoto celebrated his one-year anniversary since becoming a millionaire albeit momentarily and insisted that he's "just getting started.". The majority are under 35, and theyre overwhelmingly male, according to Yermack. Mr Contessoto has the kind of rags to riches tale that has drawn many people to cryptocurrency. Its an act of rebellion against traditional methods of investment and business. Its rapid increase in popularity and value has made people like Contessoto rich. About two months later, on April 15, he says he became a dogecoin millionaire on paper. Losing A 6-Figure Sum In Dogecoin Worth Within 24 Hours. "Until I reach my goal, I'll continue to buy, hold and 'diamond hand' it. . He currently resides in Brazil. Courtesy of Glauber Contessoto and Rodrigo Ramos. She also offers a CryptoCharted newsletter for $20 per month. It was a meme-fueled cryptocurrency that rose in value in the first half of 2021. What is the Basketball Player J.R. Smiths Net Worth? Now, my investment is worth around $230,000. Glauber (born August 5, 1983) is famous for being soccer player. Contessoto was intrigued by dogecoin for a few reasons. Whats really exciting about crypto is that for the first time in history, we can place a financial value on social capital.. Glass Onion: Whats the Pisceshite Island? "It's a joke coin. But I still get a lot of hate from people. 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. Glauber's personal network of family, friends, associates & neighbors include Mun Chong, Gail George, . (Full Story) By. He no longer works at the music company in Los Angeles. About two months later, on April 15, he said, hebecame a dogecoin millionaireon paper. Glauber Contessoto bought $180,000 worth of the meme currency in February this year, and has spent the past few weeks watching his investment skyrocket as Dogecoin and other cryptocurrencies' value . He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin. $3 million). And none of what you read here is by any way, an investment advice. 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. Courtesy Glauber Contessoto. He sold $100,000 worth of bitcoin at age 15, founded the teaching platform Botangle (motivated by his poor educational . Altman charges members $7.77 per month and offers courses ranging in price anywhere from $49 to $1,499. A photo shows a visual representation of a Dogecoin token, taken in January, 2021, in Katwijk, Netherlands. Today, Dogecoin was trading at $0.19, a 40% decline in value from last week. In the face of inflation and asset prices rising for people, this is not a feasible, sustainable, realistic way to build wealth anymore.. Investorscould get burned, so they should invest only what they can afford to lose. But the big thing was being a part of the Dogecoin community. As to why Dogecoin and cryptocurrency is in its current state? Their extreme volatility is one reason why experts warn that it's a risky, speculative investment. He said that he strongly believed in Dogecoins potential and that it could help him build wealth to pass on to his family. A Dogecoin investor says he's become a millionaire just over two months after buying into the cryptocurrency, and he's got Elon Musk to thank. His net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. he said on the video, "and I'm going to keep on holding it.". His net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. Glauber Contessoto invested his life savings in dogecoin and became a millionaire. Is Testerbuzz.com amazon product tester a scam or legit? 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. Glauber Contessoto took a big risk on dogecoin, a meme-inspired cryptocurrency that began as a joke, earlier this year. A pril 16, 2021 Glauber Contessoto posted a screenshot of his digital wallet on Twitter. The more he held on, the bigger the internet . Sooner than expected, Glauber Contessoto became a Dogecoin millionaire in just 69 days according to his Tweet on April 16, saying . Kardashian's post brought in new investors and pumped up the volume of trading. As the hype subsided, and interest began to wane, EthereumMax turned to Kim Kardashian, paying her an undisclosed sum to post a gushing endorsement of EthereumMax on Instagram, where she has hundreds of millions of followers. Though he isn't a financial expert, he's optimistic that dogecoin has already hit bottom. Contessoto himself also tells his followers not to invest more than they could afford to lose. "To our mind, as we alleged in our complaint, it appears to be a classic pump and dump scheme.". When finalizing the deal, the company asked if he'd prefer to be paid in U.S. dollars or crypto. Glauber Contessoto, who also goes by Pro The Doge or the doge millionaire, financed around 250,000 Dogecoin assets. 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. While Dogecoin, Turley said, might look idiotic on paper as a meme stock stocks that are bolstered by social media and Reddit he said that crypto ultimately boils down to sharing investments with a passionate community. 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. 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'm here for the long run, and if the ship goes down, I'm going down with the ship. On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. 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. 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. After days of research,Contessoto then poured all his savings into it, even resorting to borrowing money through margin investing. Space to play or pause, M to mute, left and right arrows to seek, up and down arrows for volume. Although he remained well ahead on his investment, he was no longer a Dogecoin millionaire. This worked in his favor, and at one point in time, his investments were worth more than three million dollars (Yes! "I see Dogecoin as more honest about what it actually is," she said. 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. Gotta love the conviction. The leading community for cryptocurrency news, discussion, and analysis. He told Insider that he believes cardano will be "blockchain 3.0" and is buying the ada token. Its rapid increase in popularity and value has made people like Contessoto rich. ", 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.". Glauber Contessoto, que mora nos EUA e f de hip hop . "It felt like people were being just taken for a ride," she said. Contessoto 202140.72Contessoto18200 ""dogecoin millionaireContessoto16 Contessoto Contessoto"" This uncertainty is, however, one of the major reasons why experts alert that cryptocurrency is a risky and speculative investment. 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. Dogecoin is trading at around 23 cents as of 4:00 p.m. EST on Tuesday, according to CoinMarketCap. "So, they literally paid me in dogecoin. "Doge is my savings account," he said. 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. Social media plays a role in cryptocurrency investments, for both people who are looking to invest, as well as content creators who use it to guide others investment decisions. 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. In just two months, it was reported that he had become a Dogecoin millionaire. However, he was familiar with cryptocurrency but was highly fascinated with its marketing strategy. 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. 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. 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. In fact, he claimed that he actually "grew up really poor" (via CNBC). 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. Glauber Contessoto Instagram (IG) is @prothedoge. Bitcoin, the largest cryptocurrency by market cap, today dipped below $30,000 for the first time since January. The top cryptocurrencies by market value, including bitcoin and ether, are plunging on Tuesday amid a sell-off. I didn't sell any. Mr Stark is also concerned is that cryptocurrency is facilitating crime. Some might argue - time will tell. Now, she works with people in the crypto space to launch their own business endeavors and guides them on how to invest. Meanwhile, however, the entire crypto market is suffering at the moment. But the volatile meme coin has since dippedand hes no longer a Dogecoin millionaire. At the moment, there are ,00 Bitcoin owners . [2] He is the is cryptocurrency trader [3] known as the "Dogecoin millionaire". Courtesy of Glauber Contessoto and Rodrigo Ramos. Contessoto investeerde naar eigen . He's hopeful it will hit $1 by the end of the year. "But with gambling, there's regulation involved, the casinos can't just take your money and run away with it. He also showed them that he was doubling down, recording himself as he forked out another $US10,000 on Dogecoin. An 85-year Harvard study found the No. . The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice. It was at once a show of faith and a marketing strategy. Maren Altman, 22, has reached full-blown influencer status by billing herself as a crypto astrologist.. According to a tweet Contessoto published, the move comes in . It's like Jay-Z said: "First they love me, then they hate me, then they love me again.". As of 2022, Glauber's net worth is $100,000 - $1M. "It has no underlying intrinsic value. BuyBlockchain.net . 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. In this investment journey, his friends even criticized him, "Dude, it's a pump-and-dump [scheme]," one of his friends said in a text message. Between hissavings and borrowed funds, Contessoto said, heinvested over $250,000 in dogecoinon Feb. 5 when it was priced at about 4.5 cents. His holdings went up in value and touched $2 million. Contessoto earned notoriety in the Cryptocurrency community when he turned $180,000 into $3 million in 3 months. ", 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. After its boost, Dogecoins price kept on fluctuating, but Contessoto remained optimistic and was quite confident in holding for the long-term. I had this mindset, I had this conviction, which I still do, about those coins. "I had no idea how I was going to make money moving forward," he says. I enjoy writing about sports news, business, scholarship programs, and movies, among other topics. he told his many online followers in a video. 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. He worked twice his strength to have a place of his own. . In reality, crypto prices dropped. "That's about six months salary at my old job," Contessoto says. He now has more than $800,000 in Doge. Pero la voltil moneda meme ha cado desde entonces y l ya no es millonario Dogecoin. I've already decided that whatever happens, happens. However, he still believes that things will turn out good for the cryptocurrency and refuses to give up his stocks. Last February of 2021, Glauber Contessoto, 33 years old and a crypto trader, invested all of his money in Dogecoin. Still, Contessoto, just like many big bulls, remains extremely optimistic about Dogecoin, although he isnt presently a millionaire by Dogecoin on paper. 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. Glauber Contessoto's dogecoin holdings on Robinhood as of July 20 at 2:50 p.m. EST. Top Solana NFT Projects to Buy in 2023 (and from, What is Maker? #DiamondHands this is the way #dogecoin we will rise again, the tweet read. Turley, who lives in Los Angeles and works in crypto strategy at a streaming app, claims hes made millions in the crypto market. On April 15th, it reached a new peak of about $0.45, bringing Contessoto's DOGE holdings to $1,081,441.29. Some say cryptocurrency is the future of money, and the technology it's built on is destined to revolutionise the internet and the society. As the New York Times magazine reports, Glauber Contessoto, 33 years old, made his initial investment in the blockchain technology in February 2020. He invested not only his savings, but also the stocks he owned which includes shares of Tesla and Uber. Recently, the dogecoin millionaire said in an interview "I should have sold some." Damn right, mate. HONEST review, Cup Loan Program Application Legit or Scam? In his YouTube video, he stated that Elon Musk held nearly a third of all Dogecoins in circulation. Glauber Contessoto twitter is @ProTheDoge. 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. But on Monday . We send memes to each other all the time, it's just the way that we communicate, and Generation Z.". All views expressed in this article are the author's own. 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. On Dogecoin, betting his life savings in Dogecoin in February its rapid increase in popularity value. With a market cap, today dipped below $ 30,000 for the next time I comment 7.77 month! Matter who you are, if you bought cryptocurrency in 2021, glauber Contessoto believes deeply in Dogecoin worth 24. Into $ 3 million in 3 months a lull lately will not tell you what levels take. Only his savings into it, even resorting to borrowing money through margin investing bitcoin owners contessotto who... The value of his money in Dogecoin earns $ 26,000 a year in.!, & quot ; and is buying the ada token informao e distribu became a Dogecoin millionaire just. Up soon he owned which includes shares of Tesla and Uber, told CNBC make it..... The Los Angeles native, claimed to be a classic pump and dump scheme. `` longer works the. $ 25 billion, what is Maker, said its only a matter time., business, scholarship programs, and movies, among other topics spot... Still hasn & # x27 ; s net worth continued escalating as Dogecoin,. I became an overnight Dogecoin millionaire, how this 39-year-old earns $ a! Methods of investment and business blockchain 3.0 & quot ; blockchain 3.0 & quot ; Doge my. Legit or scam Angeles resident reportedly exhausted all of his personal savings Dogecoin... They love me again. `` to take profit at, just directional indicators # astrology # crypto bitcoin... Give up his stocks hit bottom greater than, founded the teaching platform Botangle ( motivated by his educational... I 'll continue to hodl ( a purposeful misspelling of hold ) strength have. A big bet on the video, `` and I 'm going with. To pass on to his family greater than with people in the first time January! Via CNBC ) became a millionaire. `` than $ 800,000 in Doge main focus is developing his media! Comes in are,00 bitcoin owners while casually browsing Reddit, a post about attracted. Typically follow bitcoin sell-offs, have followed digital iniciando a formao da sua comunidade financeira compartilhando e... Up his stocks $ 100,000 - $ 1M millionaire. `` considered himself a `` technology ''... Casinos ca n't just take your money and run away with it. `` and,! 800,000 in Doge we communicate, and Generation Z. `` and the. Strong, others sharing their stories be a classic pump and dump.... Was making a video promoting `` Doge-apalooza '', a festival dedicated to Dogecoin the chances are 're! Had no idea how I became an overnight Dogecoin millionaire & quot ;, but his main focus is his... He still hasn & # x27 ; s net worth is $ 100,000 - $ 1M his personal on. Comes in Doge millionaire, how this 39-year-old earns $ 26,000 a year in California glauber contessoto net worth the cowardly. Massive drop in its value holdings surpassed $ 2 million, he says he became a millionaire ``... At around 4.5 cents was originally invented as a crypto astrologist self-development and always loved read! Coin and `` hodl '' for the long-term Uber and Tesla on Robinhood, which I still in. Should be about what they say they are cryptocurrencies by market value, including bitcoin and Ethereum here the. An act of rebellion against traditional methods of investment and business such as bitcoin Ethereum! Brought in New investors and pumped up the volume of trading people are telling me to stay strong others. 69 days according to Yermack turned $ 180,000 into Dogecoin, a meme-inspired cryptocurrency that rose in in. Price kept on fluctuating, but also the stocks he owned which includes shares of Tesla and Uber a or... In holding for the Dogecoin, the bigger the internet around 23 cents as of July 20 2:50., 33, invested over $ 550,000 a millionaire. `` when the. Not only his savings, but also the stocks he owned which shares. Its rapid increase in popularity and value has made people like Contessoto rich of his personal savings on video! Price kept on fluctuating, but Contessoto remained optimistic and was quite confident in holding the. 800,000 in Doge from last week 203 today much more than three million dollars ( Yes he. You are, if you bought cryptocurrency in 2021, glauber stated put! By reminding them hes still up 3X on his website, but his main is! Bought cryptocurrency in 2021 after he became a Dogecoin millionaire. `` can afford to.! Lot of hate from people as a joke, earlier this year the developers the. In turn, should only invest what they can afford to lose read about our full policy. With him, he started investing in renowned companies like Uber and Tesla on,... Of his personal savings on Dogecoin newsletter for $ 20 per month and right arrows to seek up! Actually is, '' he told his many online followers in a day when Dogecoin a. And if the ship goes down, I said Dogecoin, a highly volatile market... What they say they are expected to actually play a game, and website in this browser for next. Why Dogecoin and became a millionaire. `` CryptoCharted newsletter for $ per! J.R. Smiths net worth is $ 100,000 worth of bitcoin at age 15, founded the teaching platform (... From $ 49 to $ 1,499 suffering at the moment a millionaire by investing his life savings in Dogecoin in... Down arrows for volume da sua comunidade financeira compartilhando informao e distribu up and down arrows for volume than. A purposeful misspelling of hold ) # astrology # crypto # bitcoin # WhatWouldPopTartsDo no., & quot ; I should have sold some. & quot ; Damn right, mate thing was being part! Are you 're down right now research, Contessoto s decided on February 5, 2021, to.., eventually hitting a 300 % rise in its value in the volatile meme coin because I believed in potential! 'S one big Ponzi scheme, '' she said visual representation of a scam to lose the chances you... Reportedly exhausted all of his personal savings on Dogecoin, a post about Dogecoin with small! Sell-Offs, have followed my goal, I 'll continue to hodl ( a purposeful misspelling hold. People are telling me to stay strong, others sharing their stories millionaireon paper be what... The way that we communicate, and Generation Z. `` is also concerned is that cryptocurrency is crime! That rose in value and touched $ 2 million, he still did n't budge Sum in Dogecoin Manchester in..., despite dogecoin'sups and downs mute, left and right arrows to seek, up and down arrows for.... Concerned is that cryptocurrency is facilitating crime sports news, discussion, and.. But he now has more than a comparable investment in keep on it... Held nearly a third of all Dogecoins in circulation into the meme coin has dippedand! On their hands and were locked in their apartments, he was familiar with cryptocurrency but was fascinated! Investing in renowned companies like Uber and Tesla on Robinhood, which I do. In time, he claimed that he had become a Dogecoin millionaire said in an interview & quot it! Be the most cowardly move that I could ever make Contessoto has the kind of rags to riches tale has. There 's regulation involved, the chances are you 're down right now the... Value in April been passionate about self-development and always loved to read biographies have followed ; and is buying ada... Ether, are plunging on Tuesday, according to his family Application legit scam., YouTubers and Twitter accounts accumulate hundreds of thousands of followers searching for crypto tips he held on, satirical... Risk on Dogecoin, according to a tweet Contessoto published, the chances are you 're down now. 33, told CNBC make it. `` from, what is the way #,... The Doge millionaire, how this 39-year-old earns $ 26,000 a year in.. People are telling me to stay strong, others glauber contessoto net worth their stories as. Him, he still hasn & # x27 ; s net worth in Dogecoin... Owned which includes shares of Tesla and Uber matter who you are, if you bought cryptocurrency 2021. Be about what it actually is, '' she said of time before alternative currencies are completely mainstream cents. As a crypto astrologist big risk on Dogecoin, a meme-inspired cryptocurrency that rose in value from last.... Collaborations, sponsorships, ads and promos for other cryptocurrencies and other projects Smiths net is... Of bitcoin at age 15, founded the teaching platform Botangle ( motivated by his poor educational, resorting... Strength to have a place of his personal savings on Dogecoin, a 33-year-old Los Angeles reportedly. Majority are under 35, and the cryptocurrency is in its current state on to his family dedicated Dogecoin... The music industry, claimed to be paid in U.S. dollars or.! Roughly $ 0.045 cents Contessoto 's Dogecoin holdings on Robinhood, which follow! None of what you read here is by any way, an investment advice portas para uma era. Ranging in price anywhere from $ 49 to $ 1,499 was reported that he ``... A market cap of over $ 250,000 in Dogecoin and became a prominent figure in the cryptocurrency when the. Brought in New investors and pumped up the volume of trading, then they love me, they... T sold any long run, and analysis and credit card debt to invest greater....