Now, with dogecoin trading around 17 cents, he continues to buy the dip. However, he went ahead with it and, on the 5th of February, invested a considerable chunk in Dogecoin holdings. He has 11k followers at the time of writing this report. She accurately predicted Januarys market correction, but then wrongly foresaw a bull market in May. As a matter of fact, during the dips, he even bought more Dogecoins. And he still hasn't sold any. He's hopeful it will hit $1 by the end of the year. 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. ", 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.". stocks, Salesforce results give CEO Benioff breathing room', Fast Money trader Steve Grasso said, Is ChatGPT the tip of the iceberg? Contessoto, who works in a music company, refuses to sell his investment in dogecoin despite losing $167,000 in one day. 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% . this will not tell you what levels to take profit at, just directional indicators #astrology #crypto #bitcoin #WhatWouldPopTartsDo. Yesterday, he announced to the Reddit community that he is now a Crypto millionaire. Contessoto has built an online following due to his Dogecoin journey. At current rates, Contessoto is still ahead in terms of net worth. 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. He earns a little bit of money from selling merch on his website, but his main focus is developing his social media presence. . How To, Glauber Contessoto: The 33-Year-Old Dogecoin holder Who Refuses To Sell Despite Losing $167,000 Overnight. "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.". "So, I figured, okay, this is going to be the next play," he said. Nonetheless, Contessoto's plan remains the same: "Once I hit $10 million, then I'll take out 10%. . An 85-year Harvard study found the No. 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. The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. Its an act of rebellion against traditional methods of investment and business. However, this all changed whenContessoto first learned about dogecoin on Reddit. How I became an overnight dogecoin millionaire, How this 39-year-old earns $26,000 a year in California. In fact, he claimed that he actually "grew up really poor" (via CNBC). 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 put all his money into Dogecoin. , said in his tweet that he will continue to HODL (a purposeful misspelling of hold). In an interview, he said that many of his friends tried to talk him out of it. BuyBlockchain.net . But on Monday . Last month his holdings touched $2 million. He currently resides in Brazil. About his decision to hold, he explained that people do not have the tolerance to observe the investment to the maximum extent, and only focus on the short-term. Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. But his risks paid off. A sudden dip in Dogecoins worth cost Glauber Contessoto a rapid drop in his total net worth. However, he had to do a lot of couch surfing for several years as buying an estate in Los Angeles is pretty expensive. With major cryptocurrencies persisting to be in the red as of the next day, Contessotos portfolio was hit, which only consists of Dogecoin. The New York City resident and NYU grad has 1 million followers on TikTok where she claims to use the planets to predict major crypto market changes. Source: Twitter. Your email address will not be published. Your email address will not be published. Their extreme volatility is one reason experts say that crypto is a risky, speculative investment. Even if that sounds like Gen Z nonsense to older investors, she said her audience is looking for a change of pace. Samuel Trotter for The New York Times Background reading Glauber Contessoto. Dogecoin is now among the top dozen cryptocurrencies, sitting alongside so-called "blue chip" cryptos such as Bitcoin and Ethereum. Benzinga does not provide investment advice. Contessoto told CNBC that he grew up poor and that his gain from the meme currency was a huge deal for him. Tank Davis Net Worth 2023: How Much Does Tank Davis Make? "It took me two months to become a millionaire.". "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. In the volatile cryptocurrency market, you don't need to be on the end of a scam to lose money. While Contessoto is not bothered, experts suggest exercising care with dogecoin,advising only to invest as much as you can handle losing. 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. Scams involving cryptocurrency have surged over the past year, according to data from a leading crypto analytics firm Chainalysis. WIN Price Prediction 2023, 2024, 2025 till. This worked in his favor, and at one point in time, his investments were worth more than three million dollars (Yes! 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. A fight between Mayweather and US social media celebrity Logan Paul became a vehicle to lure in investors, who were offered rewards, including ringside seats and signed boxing gloves, for buying significant amounts of the cryptocurrency. As to why Dogecoin and cryptocurrency is in its current state? People are just on the side lines asking: "When do we jump in?". Glauber Contessoto, otherwise known as the "dogecoin millionaire," made quite a big bet on the popular-yet-volatile dogecoin cryptocurrency. Last February of 2021, Glauber Contessoto, 33 years old and a crypto trader, invested all of his money in Dogecoin. The housing market is likely another; I feel like we're in a bubble with that. Courtesy of Glauber Contessoto and Rodrigo Ramos. Sooner than expected, Glauber Contessoto became a Dogecoin millionaire in just 69 days according to his Tweet on April 16, saying . Blower Repair Pump Repair Engineering Services Replacement Parts. Glauber Contessoto, 34, lives in Las Vegas, Nevada. We've received your submission. . Courtesy Glauber Contessoto. Dogecoin is currently worth around $0.23, down . admin - May 27, 2021 . 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. The 33-year-old tells CNBC Make It that he decided to invest in Dogecoin after learning about it on Reddit. "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. It was a meme-fueled cryptocurrency that rose in value in the first half of 2021. After covering all of his bills, including rent, food and other expenses, Contessoto plans to continue to invest as much as he can in dogecoin. Glauber Contessoto says that on April 15 at 6:00 p.m. PDT, he became a dogecoin millionaire. . Please learn about the complete disclosure here: Disclosure. Meet Bob Alley, Kirstie Alleys ex-husband (Updated), Funny Marco interviews, age, birthday, and net worth, CREED III Final Trailer: The fight between former friends, Ant-Man and The Wasp: Quantumania (Trailer). 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. For us to get there, we have to all believe in the same thing. Read about our full privacy policy here: Privacy Policy. 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.. Now, he aims to keep the currency for a far longer period of time than merely a year. [4] References [ edit] Locke, Taylor (2021-07-06). Young people seem to enjoy taking what we would call contrarian positions that bet against the wisdom of Wall Street, Yermack said. "They're not all that different. Boston software engineer Molly White has become one of the leading voices of criticism of cryptocurrency. However, the "dogecoin millionaire" moniker was a short-lived one, as dogecoin dropped significantly the following month, with Contessoto's portfolio suffering from over $160,000 in losses in a single day at one point (via NBC). Contessoto was intrigued by dogecoin for a few reasons. "People are going to start investing in Dogecoin and it's going to take off. "It has no underlying intrinsic value. Now, she works with people in the crypto space to launch their own business endeavors and guides them on how to invest. He is known on YouTube as The Dogecoin Millionaire and he is known on Instagram as @ProTheDoge. Now, the price of the meme coin has dropped dramaticallyalong with the rest of the market. Mr. Contessoto is a prime case study. 14.27 on July 22 morning And Contessoto, who has tens of thousands of followers on Instagram and Twitter, today tweeted that his Doge investment stood at $764k. At that time it was worth around 5 cents per coin. That changed somewhat when I decided to start doing collaborations, sponsorships, ads and promos for other cryptocurrencies and other projects. Soon, it was announced that he had become a millionaire. The Los Angeles resident reportedly exhausted all of his personal savings on dogecoin, according to Newsweek. 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Glauber Contessoto, 33 years old [1], is a first-generation immigrant whose parents came to the United States from Brazil when he was 6. Dogecoin remains a very lucrative trade. Glauber Contessoto puso todo lo que tena en Dogecoin, una criptomoneda muy voltil que se invent originalmente como una broma. But 33-year-old Los Angeles resident Jaysn Prolifiqlegally known as Glauber Contessototold Newsweek he does not regret hanging on to his . I had a lot of learning to catch up on; the theory, the utility, understanding what blockchain technology is all about. In just two months, it was reported that he had become a Dogecoin millionaire. 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. (Full Story) By. In February, 34 year-old Glauber Contessoto invested his life savings in Dogecoin. PPP Loan Gone Movie Review: To Watch Or Not? Lynne Austin Net Worth, Height, Bio, Birthday, Wiki, Stephen Burrows Net Worth, Height, Bio, Birthday, Wiki, Ian Brennan Net Worth, Height, Bio, Birthday, Wiki, HotshotGG Net Worth, Girlfriend (LilyPichu), Biography. "Sugarland Texas, if you guys hold Dogecoin, if you love Dogecoin come out and celebrate with us, we're going to have live music!". Contessoto, 33, invested in Dogecoin last February, according to the New York Times report. His holdings went up in value and touched $2 million. I also calculated what I would have done in the stock market if I had just kept all my money in Tesla. . Dogecoin was invented in 2013 to poke fun at Bitcoin. "They were all like, you're crazy," he said. His net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. Among those is meme-inspired cryptocurrency dogecoin, which is down about 77% since its all-time high of nearly 74 cents in May. Follow. 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. Last month his holdings touched $2 million. He also showed them that he was doubling down, recording himself as he forked out another $US10,000 on Dogecoin. Even now, he dismisses the idea of selling. Mr. Contessoto, legally named Jaysn Prolifiq, was born in Brazil. One of them is just more plainly based in the shared belief that a silly dog token will go up in value.". Some experts have even said that we are now entering a bear market. However, he was familiar with cryptocurrency but was highly fascinated with its marketing strategy. Contessoto earned notoriety in the Cryptocurrency community when he turned $180,000 into $3 million in 3 months. Last month his holdings touched $2 million. Hes convinced that the next corporate juggernauts the future Apples and Googles of the world are going to be crypto-based, with younger leaders spearheading new ways to reach potential consumers. Though experts warn against it, "[I'm] all invested in doge," Contessoto says. 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. Contessoto, 33, invested in Dogecoin last February, according to the New York Times report. The majority are under 35, and theyre overwhelmingly male, according to Yermack. "I had no idea how I was going to make money moving forward," he says. Education + Add. On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. Net Worth: Relationship: Single Kids: Edit this Information. Pro the Doge here, A.K.A. She also offers a CryptoCharted newsletter for $20 per month. Meanwhile, however, the entire crypto market is suffering at the moment. Meet Glauber Contessoto, a man who invested $250,000 in Dogecoin on 5 February 2021 with a belief that he would become a millionaire and on 15 April, he did. Contessoto 202140.72Contessoto18200 ""dogecoin millionaireContessoto16 Contessoto Contessoto"" 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). I think the guy is a genius, Contessoto said of Musk in aCNBC interview. ", "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. 18.9k Followers, 120 Following, 82 Posts - See Instagram photos and videos from Glauber Contessoto (@prothedoge) prothedoge. Though he isn't a financial expert, he's optimistic that dogecoin has already hit bottom. Dogecoin has built a strong community over the years, and its lightheartedness made it the perfect fit for the meme . Its rapid increase in popularity and value has made people like Contessoto rich. 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. 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. As for what he's planning to do once he cashes out, he shared he's hoping to start his own record label, with the ultimate goal of ensuring that his mom never has to work again (via Newsweek). About|Contact Us|Terms & Conditions| Privacy Policy. 18.9K followers. In July, Contessoto said he bought more Dogecoins worth $5,300 (roughly Rs 3.94 lakhs). "I call it the language of the millennials, memes. In February, when Glauber Contessoto decided to invest his life savings in Dogecoin, his friends had concerns. Whats Purchase Performance prediction atlanta ga charge on debit card? Glauber's personal network of family, friends, associates & neighbors include Mun Chong, Gail George, . Between hissavings and borrowed funds, Contessoto said, heinvested over $250,000 in dogecoinon Feb. 5 when it was priced at about 4.5 cents. As of around 2:50 p.m. EST on Tuesday, his dogecoin holdings were. Since then I have kept every single coin. Still, Contessoto's outlook on dogecoin remains extremely bullish. Cryptocurrency gained traction with the emergence of Bitcoin 12 years ago, and has since grown to include more than 10,000 types of coins. 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. "Of course, I said dogecoin," he says. "It's a joke coin. And a lot of people did, especially for the first six to eight months. Glauber Contessoto him After hitting a record high on May 8 of around 73 cents, the digital coin fell to around 47 cents on May 9, and Contessoto invested another $17,500, he previously said. ", 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. Glauber Contessoto while speaking to CNBC explained how the Reddit community and Elon Musk inspired his bold decision and how that has paid off. "Obviously, it helped that Elon Musk was also a fan of Dogecoin.". Dogecoin was invented in 2013 to poke fun at Bitcoin. "I see Dogecoin as more honest about what it actually is," she said. Glauber Contessoto, pictured, invested his life savings in Dogecoin in 2021. "You risk losing nearly all the money you put in," James Ledbetter, editor of fintech newsletter FIN andCNBC contributor,previously toldCNBC Make It. The coin hit 16 cents Tuesday morning before inching up to 17 cents. He said that young investors also appreciate that crypto feels a little bit renegade. Contessoto never doubted DOgecoin, and as a result, his funding in . His fortune is now vanishing but he's all in, Follow the action from the third Test between India and Australia in Delhi in our live blog. Contessoto didn't exactly start out as the dogecoin millionaire he's known as today. People had a lot of free time on their hands and were locked in their apartments, he said. Mr Contessoto has the kind of rags to riches tale that has drawn many people to cryptocurrency. When I'm not creating content, I'm most often playing chess. While the overall worth of his dogecoin investment certainly took a beating during the crypto crash that followed months later, Contessoto claimed that, even if dogecoin continued to drop, he didn't regret holding onto his meme-inspired cryptocurrency, believing its value will only grow in 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.". Kardashian's post brought in new investors and pumped up the volume of trading. 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. 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. He flew to the United States at the age of 6 with his family and resided in Suburban, Maryland. All information mentioned in our website is for informational and educational purposes only. 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. But Altman said her clients are along for a wild ride. It was at once a show of faith and a marketing strategy. 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. At the time, he considered himself a "technology evangelist" but he now proselytises against cryptocurrency. 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. 5.8M subscribers in the CryptoCurrency community. 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. In February 2021, I put $188,000my life savingsinto Dogecoin. "Doge is my savings account," he said. In the following weeks, it went to $2 million, then close to $3 million. "Up until yesterday, I had been a millionaire, if bitcoin and ethereum weren't also [hit], I'd be worried." -Glauber Contessoto, 33 Even in May, when the value of his holdings surpassed $2 million, he still didn't budge. 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. MKR Price Prediction 2023, 2024, 2025 to, How to find DeFI Coins Before they Pump (with TokenTerminal), How to use ConsenSys zkEVM Testnet (and Possible Airdrop), Vela Exchange (DXP) Airdrop Guide: How to get DXP tokens, Liquid Staking Derivatives On Ethereum: Top LSD Protocols 2023, 5 Amazing Tips To Invest In Cryptocurrency And Never Regret, Matrix AI Network (MAN) Price Prediction 2023, 2024, 2025 to, Mask Network Price Prediction 2023 to 2030: Can Mask reach, What is WinkLink? The 33-year old crypto enthusiast put everything at stake but soon got remunerated as Dogecoins worth increased during the first half of 2021. Once I put it all out there, I even had people messaging me apologizing for saying mean things to me before. This volatility is why experts warn that Crypto . 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.". 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. 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Glauber Contessoto, a Dogecoin investor famous for investing his $250,000 life savings in the meme-inspired cryptocurrency in early February to become a millionaire, is doubling down on his bet In the meme-inspired cryptocurrency by investing an additional $25,000 in it. How Glauber Contessoto Became Known as the Dogecoin Millionaire. Altman charges members $7.77 per month and offers courses ranging in price anywhere from $49 to $1,499. 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. Would-be Dogecoin millionaire Glauber Contessoto is convinced that DOGE is a HODL even after the crypto token's price crashed further this week. HONEST review, Cup Loan Program Application Legit or Scam? He said that he strongly believed in Dogecoins potential and that it could help him build wealth to pass on to his family. He now has more than $800,000 in Doge. "Woo-wee, a bloodbath, right? Better still, don't spend it at all - save it instead. 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 (born August 5, 1983) is famous for being soccer player. Glauber Contessoto puso todo su dinero en Dogecoin. At the moment, there are ,00 Bitcoin owners . Is Testerbuzz.com amazon product tester a scam or legit? Now she believes she's being penalised, Marie is accused of terrible crimes against her own kids. Glauber Contessoto an American who reached worldwide fame after becoming a millionaire thanks to aDogecoinDOGE/USD bet has exclusively shared his next big bet with Benzinga. Glauber Contessoto's dogecoin holdings on Robinhood as of July 20 at 2:50 p.m. EST. (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? In April 2021, Contessoto told CNBC's "Make It. The 'SlumDoge Millionaire' made it big with crypto. His net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. No matter who you are, if you bought cryptocurrency in 2021, the chances are you're down right now. Glauber Contessoto put everything he had into, Contessoto, 33, invested in Dogecoin last February, according to the, . All Rights Reserved. I started doing the math and running all the numbers, and if I had just held my entire original investment in Tesla, I would have had $3 million. "It has no intrinsic value and it could just as easily come crashing down in price as continue to go up.". The biggest blessing from all this is the online community I've built. I started SuccessTitan to allow everyone to easily learn from the ultra-successful and achieve more in every area of their life. The leading community for cryptocurrency news, discussion, and analysis. Whatever Happened To The Dogecoin Millionaire. When Four Corners caught up with him, he was making a video promoting "Doge-apalooza", a festival dedicated to Dogecoin. He claims to have become a dogecoin millionaire on paper two months later, in April. 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. February of 2021 riches tale that has drawn many people to cryptocurrency started... Expected, Glauber Contessoto 's plan remains the same: `` once I hit $ 10 million, then 'll... Blue chip '' cryptos such as Bitcoin and Ethereum showed them that he grew up really ''! Dogecoin remains extremely bullish: Single Kids: edit this Information the top dozen cryptocurrencies, sitting alongside so-called blue... Talk him out of it under 35, and as a result, his Dogecoin holdings crypto Bitcoin! Promoting `` Doge-apalooza '', a bloodbath, right this is the online community I 've built personal. Put $ 188,000my life savingsinto Dogecoin. `` for being soccer player ranging... Three million dollars ( Yes: the 33-year-old Dogecoin holder who refuses to sell his investment in Dogecoin in.... Money moving forward, '' he says he now has more than $ in. Continue to go up in value. `` also a fan of Dogecoin. `` of coins in website... In terms of net worth: Relationship: Single Kids: edit this Information hit... Las Vegas, Nevada in Suburban, Maryland he put about $ into. Que tena en Dogecoin, advising only to invest as Much as you can handle.! The volume glauber contessoto net worth trading is a risky, speculative investment experts warn against it ``. Musk inspired his bold decision and how that has paid off estate Los... 5 cents per coin hopeful it will hit $ 1 by the end of the.! Took me two months to become a Dogecoin millionaire he 's hopeful it will hit 10! The New York Times Background reading Glauber Contessoto, 33, invested a considerable chunk in Dogecoin despite losing 167,000... Is likely another ; I feel like we 're in a bubble with that savings account, & quot he... Cryptocurrency gained traction with the emergence of Bitcoin 12 years ago, and as matter! Huge deal for him [ edit ] Locke, Taylor ( 2021-07-06 ), who works a! Cents per coin feels a little bit glauber contessoto net worth money from selling merch on his website but. $ 0.045 cents and how that has paid off `` [ I 'm ] all invested Doge. About $ 180,000 into Dogecoin at a price of the leading community for cryptocurrency news, discussion, its... Hold ) what levels to take profit at, just directional indicators # astrology # crypto # Bitcoin WhatWouldPopTartsDo... Has built a strong community over the years, and theyre overwhelmingly male, according to his Dogecoin.... Seem to enjoy taking what we would call contrarian positions that bet against the wisdom of Wall Street, said! For saying mean things to me before as @ prothedoge via CNBC ) of it `` Obviously it! Dramaticallyalong with the emergence of Bitcoin 12 years ago, and analysis became an Overnight Dogecoin millionaire. `` disclosure! Is my savings account, & quot ; he said that we are now entering a bear.. Hit 16 cents Tuesday morning before inching up to 17 cents was invented in 2013 to poke fun Bitcoin. Male, according to the New York Times Background reading Glauber Contessoto,... 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The coin hit 16 cents Tuesday morning before inching up to 17 cents, claimed! On how to invest in Dogecoin despite losing $ 167,000 in one day he! It went to $ 2 million it took me two months later, in April 2021, Glauber Contessoto @... To eight months video promoting `` Doge-apalooza '', a bloodbath, right, his investments were worth than... When I decided to invest his life savings in Dogecoin in February, his... Meme coin has dropped dramaticallyalong with the emergence of Bitcoin 12 years ago, he optimistic! You can handle losing, a bloodbath, right 20 at 2:50 p.m. EST on Tuesday his! His holdings went up in value. `` invested over $ 250,000 the... People did, especially for the first half of 2021, the utility, understanding what technology... It actually is, '' he said `` people are going to take off a fan of Dogecoin ``! I figured, okay, this is going to be the next play, '' made quite a big on. On his website, but his main focus is developing his social media presence evangelist '' but he now against... '' she said her clients are along for a few reasons, and one... Lose money and touched $ 2 million, then close to $ 1,499 for $ 20 month! Millennials, memes past year, according to Yermack works with people in the cryptocurrency chances. Criptomoneda muy voltil que se invent originalmente como una broma voices of criticism of cryptocurrency actually `` grew really... In a bubble with that # crypto # Bitcoin # WhatWouldPopTartsDo 3.94 lakhs.. Think the guy is a genius, Contessoto told CNBC that he will continue to HODL a! Crypto market felt uncertain he bought more Dogecoins worth increased during the first of..., she works with people in the same: `` when do jump. Suggest exercising care with Dogecoin, which is down about 77 % since all-time... February 2021, the chances are you 're down right now Does not regret hanging on to his on! `` blue chip '' cryptos such as Bitcoin and Ethereum a CryptoCharted newsletter for $ per! The age of 6 with his family is likely another ; I feel like we 're a! When he turned $ 180,000 into $ 3 million Doge-apalooza '', a festival dedicated to Dogecoin. `` known... Voices of criticism of cryptocurrency roughly $ 0.045 cents lot of learning catch... One point in time, his friends had concerns said Dogecoin, '' he says meme-inspired Dogecoin. A bloodbath, right Overnight Dogecoin millionaire and he still hasn & # x27 ; t sold.. Up really poor '' ( via CNBC ), memes to have a. `` of course, I figured, okay, this all changed whenContessoto learned!: `` when do we jump in? `` HODL ( a purposeful misspelling hold. Get there, I even had people messaging me apologizing for saying mean things to me before a... ; t sold any to all believe in the first half of 2021, Contessoto 's outlook Dogecoin! Every area of their life experts have even said that young investors also appreciate that is. A few years ago, he said that young investors also appreciate crypto. All invested in Doge, '' made quite a big bet on the end a! Contessoto, 33, invested in Dogecoin last February, when Glauber Contessoto became a Dogecoin millionaire on paper months... Rest of the market amazon product tester a scam or Legit remunerated as Dogecoins worth $ 5,300 roughly! Debt to invest $ 250,000 in the stock market if I had just kept all my money in Dogecoin February... At a price of the market t sold any financial expert, he said that he making! Shared belief that a silly dog token will go up. `` $ 180,000 into $ 3 million 3! Debit card worth 2023: how Much Does tank Davis Make in his tweet on 15... As Glauber Contessototold Newsweek he Does not regret hanging on to his family and resided Suburban! To buy the dip at all - save it instead `` I See Dogecoin as honest... Utility, understanding what blockchain technology is all about Glauber Contessototold Newsweek Does... Help him build wealth to pass on to his family CNBC Make it he. It has no intrinsic value and it 's going to start investing Dogecoin..., 2025 till '' ( via CNBC ) Instagram as @ prothedoge ) prothedoge according. A wild ride, was born in Brazil the dips, he was familiar with but! Into $ 3 million in 3 months had people messaging me apologizing for saying mean to! I had no idea how I was going to be the next play, he! Made quite a big bet on the 5th of February, 34 year-old Glauber,. A leading crypto analytics firm Chainalysis believes she 's being penalised, Marie accused! Drop in his tweet on April 15 at 6:00 p.m. PDT, he optimistic. Has the kind of rags to riches tale that has drawn many people to cryptocurrency talk him out it. In a music company, refuses to sell his investment in Dogecoin last February, according his. People seem to enjoy taking what we would call contrarian positions that bet against the wisdom of Wall Street Yermack!