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. Contessoto, who works at a Los Angeles hip-hop media company, according to the NYT, said in his tweet that he will continue to HODL (a purposeful misspelling of hold). But I still get a lot of hate from people. Tank Davis Net Worth 2023: How Much Does Tank Davis Make? About two months later, on April 15, he said, hebecame a dogecoin millionaireon paper. We've received your submission. 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. I had a lot of learning to catch up on; the theory, the utility, understanding what blockchain technology is all about. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6. 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. "Hey guys I just became a Dogecoin millionaire," he wrote on Redditand attached a screenshot of his holdings on Robinhood. The value of his holdings climbed to $2 million. Glauber Contessoto says that on April 15 at 6:00 p.m. PDT, he became a dogecoin millionaire. However, he still believes that things will turn out good for the cryptocurrency and refuses to give up his stocks. 5.8M subscribers in the CryptoCurrency community. Better still, don't spend it at all - save it instead. 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. 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. 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. "What's going on guys? Glauber Contessoto, otherwise known as the "dogecoin millionaire," made quite a big bet on the popular-yet-volatile dogecoin cryptocurrency. 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. Glauber Contessoto puso todo lo que tena en Dogecoin, una criptomoneda muy voltil que se invent originalmente como una broma. He plans to buy more of the digital coin and "hodl" for the long haul. Glauber Contessoto 33 Dogecoin All-in Dogecoin . Even if that sounds like Gen Z nonsense to older investors, she said her audience is looking for a change of pace. Ms White has a soft spot for the Dogecoin, the satirical crypto that became mainstream. 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 worked in his favor, and at one point in time, his investments were worth more than three million dollars (Yes! But fast forward to today and the cryptocurrency is the seventh-most valuable out there, with a market cap of over $25 billion. However, this all changed whenContessoto first learned about dogecoin on Reddit. The Dogecoin Millionaire Finds A New Memecoin Gem, Says Its 'Marketing Is The Greatest' glauber contessoto twitter According to the Benzinga report, Contessoto feels. "And he posted a picture of a rocket to the moon, Dogecoin to the moon.". After covering all of his bills, including rent, food and other expenses, Contessoto plans to continue to invest as much as he can in dogecoin. In #Dogecoin. Thanks for contacting us. While I'm still up on my initial investment, what I do regret is not taking out some of the profit as cash. Putting Dogecoin as a better candidate for being the number 1 crypto ahead of Bitcoin and Ethereum. At current rates, Contessoto is still ahead in terms of net worth. "Up until yesterday, I had been a millionaire, if bitcoin and ethereum weren't also [hit], I'd be worried." -Glauber Contessoto, 33 His net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. Hoje, tem US$ 2 milhes. BuyBlockchain.net . This uncertainty is, however, one of the major reasons why experts alert that cryptocurrency is a risky and speculative investment. . He said that young investors also appreciate that crypto feels a little bit renegade. He is known on YouTube as The Dogecoin Millionaire and he is known on Instagram as @ProTheDoge. "It's getting crazy in this crypto market, right? All views expressed in this article are the author's own. Some experts have even, Though for thrill-seeking traders like Contessoto, its all part of the game. "Day afterday after day, it was like, one scam, one day, two hacks the next day.". "Fortune favours the brave," actor Matt Damon opined. 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. Blood in the streets, right?" On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. So in 2019, he started investing in renowned companies like Uber and Tesla on Robinhood, which is a commission-free trading app. Some say cryptocurrency is the future of money, and the technology it's built on is destined to revolutionise the internet and the society. Meanwhile, however, the entire crypto market is suffering at the moment. Glauber Contessoto, que mora nos EUA e f de hip hop . Whatever Happened To The Dogecoin Millionaire. Whats Quick card san diego charge on credit card? Somewarn investors to be especially cautious when investing in dogecoinin particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. Glauber Contessoto, 33 years old [1], is a first-generation immigrant whose parents came to the United States from Brazil when he was 6. A Division of NBC Universal. 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.". Contessotto, who works in the music industry, claimed Elon Musk, the billionaire, was a major influence on his decision. 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. "I call it the language of the millennials, memes. Read the latest news, events, reviews, videos, technical analysis and guides around crypto. For now, it would be really convenient for me to completely cash out. 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 . 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). He took a massive risk by investing all of his lifes savings in a cryptocurrency initially known as meme coin. , said in his tweet that he will continue to HODL (a purposeful misspelling of hold). He believes in his dog god and no one can tell him otherwise. Last month his holdings touched $2 million. 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. Young people seem to enjoy taking what we would call contrarian positions that bet against the wisdom of Wall Street, Yermack said. Contessoto earned notoriety in the Cryptocurrency community when he turned $180,000 into $3 million in 3 months. Dogecoins rise over the last year is partly down to Tesla CEO Elon Musk, one of the richest men in the world, who has said it is his favorite crypto and has influenced its wild price swings with his tweets. "I see Dogecoin as more honest about what it actually is," she said. He used to make roughly earning of about $36,000 while simultaneously booking gigs for upcoming rappers. In just two months, it was reported that he had become a Dogecoin millionaire. But investor Glauber Contessoto, whose dogecoin holdings previously surpassed a value of $1 million, isn't worried. Source: TradingView.com. Blower Repair Pump Repair Engineering Services Replacement Parts. It was at once a show of faith and a marketing strategy. But I feel like that would probably be the most cowardly move that I could ever make. How I became an overnight dogecoin millionaire, How this 39-year-old earns $26,000 a year in California. I've been passionate about self-development and always loved to read biographies. While casually browsing Reddit, a post about Dogecoin attracted his attention. Your email address will not be published. Bitcoin, the largest cryptocurrency by market cap, today dipped below $30,000 for the first time since January. this will not tell you what levels to take profit at, just directional indicators #astrology #crypto #bitcoin #WhatWouldPopTartsDo. "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. Glauber Contessoto Instagram (IG) is @prothedoge. Also, I had gone out and preached about those coins being the future. "They were all like, you're crazy," he said. Glauber Contessoto, pictured, invested his life savings in Dogecoin in 2021. Among those is meme-inspired cryptocurrency dogecoin, which is down about 77% since its all-time high of nearly 74 cents in May. Source: Twitter. 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. Four months earlier, when he bought in, Dogecoin was priced at around 4.5 cents. 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Glauber Contessoto's dogecoin holdings on Robinhood as of July 20 at 2:50 p.m. EST. 18.9k Followers, 120 Following, 82 Posts - See Instagram photos and videos from Glauber Contessoto (@prothedoge) prothedoge. How Glauber Contessoto Became Known as the Dogecoin Millionaire. If I dont have a lot to start out with, theres not as much to lose.. The housing market is likely another; I feel like we're in a bubble with that. 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. 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. An 85-year Harvard study found the No. On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. He joined the Columbus Crew in 2013 after spending three years with Rapid Bucuresti. Glauber Contessoto Reddit account is iUsedToCallDogeDodge. Glauber Contessoto works at a music company in Los Angeles and belongs to a middle class family. "It has no intrinsic value and it could just as easily come crashing down in price as continue to go up.". Soon, it was announced that he had become a millionaire. A Division of NBC Universal. "I don't typically refer to cryptocurrencies as investments because I see them a lot more like gambling," she told Four Corners. Mr Contessoto initially backed his hunch about Dogecoin with a small investment. They gave me half upfront, and the other half when I deliver the video.". Mr Scott describes it as a cryptocurrency version of an old-style stock market manipulationtailored to the zeitgeist. 14.27 on July 22 morning I'm here for the long run, and if the ship goes down, I'm going down with the ship. Glauber Contessoto, 34, lives in Las Vegas, Nevada. "It took me two months to become a millionaire.". 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Glauber Contessoto, 33, became a 'dogecoin millionaire' after investing his life savings, or $250,000, into the cryptocurrency. "It has no underlying intrinsic value. 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. "I'm a long-term holder, you guys know that, know what I'm saying, diamond hands?" Losing A 6-Figure Sum In Dogecoin Worth Within 24 Hours. Please learn about the complete disclosure here: Disclosure. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6.. My options were to sell out of my Dogecoin at $3 million and go on to live a happy life or, I had be out there hustling. But the volatile meme coin has since dippedand hes no longer a Dogecoin millionaire. Glauber (born August 5, 1983) is famous for being soccer player. Required fields are marked *. 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. Last February of 2021, Glauber Contessoto, 33 years old and a crypto trader, invested all of his money in Dogecoin. Contessoto believes in dogecoin so much that he now requests to be paid in it whenever he works with crypto brands on social media promotions. Glauber Contessoto, 33, invested all of his funds into dogecoin, a meme-inspired cryptocurrency that has seen a significant increase in value this year. 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. 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. As to why Dogecoin and cryptocurrency is in its current state? He said that he strongly believed in Dogecoins potential and that it could help him build wealth to pass on to his family. "Of course, I said dogecoin," he says. "We thought it would last maybe three days," he said in a 2014 interview. Brazilian defender who played a season for Manchester City in the English Premier League. 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. 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. 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? Although he remained well ahead on his investment, he was no longer a Dogecoin millionaire. His portfolio was worth about $831k as of Tuesday 4.40pm EST. But as we all know, cryptocurrencies have been undergoing a lull lately. Its an act of rebellion against traditional methods of investment and business. Glauber Contessoto, who also goes by Pro The Doge or the doge millionaire, financed around 250,000 Dogecoin assets. In the same video, he also revealed he's holding about 3.9 million units of dogecoinworth over $550,000. After days of research,Contessoto then poured all his savings into it, even resorting to borrowing money through margin investing. Turley, who lives in Los Angeles and works in crypto strategy at a streaming app, claims hes made millions in the crypto market. Also, the site may contain affiliate links in some of the posts, and we may earn commission from the signups and sales. Nonetheless, Contessoto's plan remains the same: "Once I hit $10 million, then I'll take out 10%. Everyone Practices Cancel Culture | Opinion, Deplatforming Free Speech is Dangerous | Opinion. 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". Mr Contessoto has the kind of rags to riches tale that has drawn many people to cryptocurrency. For us to get there, we have to all believe in the same thing. 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. Dogecoin was invented in 2013 to poke fun at Bitcoin. He said that he took a huge risk to buy Dogecoin by using all his savings and sales from his shares of Tesla and Uber and that he invested on margin from Robinhood. Glauber Contessoto, 34, lives in Las Vegas, Nevada. I'd be sitting at a profit, and I would be able to just see where the market goes before investing again. ", 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.". Their extreme volatility is one reason experts say that crypto is a risky, speculative investment. While Contessoto is not bothered, experts suggest exercising care with dogecoin,advising only to invest as much as you can handle losing. 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. Contessoto said that his holdings are down over $167,000 yesterday itself, and his portfolio was worth as of Tuesday at 2:10 a.m. IST. He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin.. Everyone can own Dogecoin, it's cents on a dollar," Mr Contessoto recalled. "People are going to start investing in Dogecoin and it's going to take off. Glauber Contessoto put everything he had into, Contessoto, 33, invested in Dogecoin last February, according to the, . 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. Get all the top stories from Crypto Bulls Club to keep track. At the time, he considered himself a "technology evangelist" but he now proselytises against cryptocurrency. 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. Now, the price of the meme coin has dropped dramaticallyalong with the rest of the market. According to CoinMarketCap, Dogecoin is at the moment trading at around $0.2191, with a market value of over $28 billion. His net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. . Altcoins, which typically follow Bitcoin sell-offs, have followed. He makes $60,000 a year at his job now a decent living, but nowhere near enough to afford a home in Los Angeles, where the median home costs nearly $1. 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. Glauber Contessoto while speaking to CNBC explained how the Reddit community and Elon Musk inspired his bold decision and how that has paid off. Contessoto, who works in a music company, refuses to sell his investment in dogecoin despite losing $167,000 in one day. AEST = Australian Eastern Standard Time which is 10 hours ahead of GMT (Greenwich Mean Time), abc.net.au/news/cryptocurrency-four-corners-investigation/101092486, Get breaking news alerts directly to your phone with our app, Help keep family & friends informed by sharing this article. Dogecoin is currently worth around $0.23, down . And he still hasn't sold any. ", Despite the dogecoin price today being nowhere near its previous all-time high, the "dogecoin millionaire" still refuses to sell his meme-inspired cryptocurrency. "[Musk] tweeted back-to-back like on a rant where he's saying, "Dogecoin is the future, Dogecoin is the people's crypto. And somewarn to be especially cautious when investing in dogecoin in particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. His comments follow Augustreportsthat Marvel partnered with VeVe to launch its first NFT collection featuring popular superhero Spider-Man with prices ranging between $40 and $400. Contessoto investeerde naar eigen . He said VeVe is "full of officially licensed NFTs from some of the biggest legacy brands in the game from Disney, Marvel, Universal and even Cartoon Network. I went on CNBC, I went to The New York Times, and I said that I wasn't going to sell a single coin. Mr. Contessoto, legally named Jaysn Prolifiq, was born in Brazil. At the same time, with my most recent YouTube videos, I've been getting a lot of support. . "They're not all that different. A pril 16, 2021 Glauber Contessoto posted a screenshot of his digital wallet on Twitter. Glauber Contessoto is a crypto trader who rose to fame as a Dogecoin millionaire. Glauber Contessoto invested his life savings in dogecoin and became a millionaire. Is Letmeone dot com a scam or a legit website? I was hoping that people would back me up, be supportive, and show me love. Analysts reveal potential A.I. Once I put it all out there, I even had people messaging me apologizing for saying mean things to me before. Today, Dogecoin was trading at $0.19, a 40% decline in value from last week. And a lot of people did, especially for the first six to eight months. "You risk losing nearly all the money you put in," James Ledbetter, editor of fintech newsletter FIN andCNBC contributor,previously toldCNBC Make It. In April 2021, Contessoto told CNBC's "Make It. 82 posts. The Dogecoin Millionaire Youtube channel is @thedogecoinmillionaire and he has 66.9K subscribers. As of 2022, Glauber's net worth is $100,000 - $1M. 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. Benzinga does not provide investment advice. 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, 33, in Los Angeles, put his life savings into Dogecoin, turning $250,000 (180,000) into $3.2m at the cryptocurrency's all-time high, when Dogecoin hit 72 cents per coin. Glauber Contessoto believes deeply in Dogecoin, betting his life savings on the cryptocurrency's performance. The younger generations dont think so. 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). "Until I reach my goal, I'll continue to buy, hold and 'diamond hand' it. ", "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. Up until yesterday, I had been a millionaire, if bitcoin and ethereum werent also [hit], Id be worried.. Glauber's Dogecoin is now worth $323K. Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. His digital wallet on Twitter bit renegade commission from the signups and sales todo! Contessoto Instagram ( IG ) is famous for being the number 1 crypto ahead of Bitcoin Ethereum! Call contrarian positions that bet against the wisdom of Wall Street, Yermack said to catch on... To keep track a 6-Figure Sum in Dogecoin in 2021 young investors also appreciate that crypto is a trading. An overnight Dogecoin millionaire. `` invested in Dogecoin and it 's to! It could just as easily come crashing down in price as continue to (! Thought it would last maybe three days, '' actor Matt Damon opined I said Dogecoin una... Million in 3 months course, I 'll take out 10 % show of faith and a lot people. 33-Year-Old Los Angeles and belongs to a middle class family undergoing a lull lately his family p.m. PDT he. Market is likely another ; I feel like that would probably be the most cowardly move that I ever... Is famous for being the number 1 crypto ahead of Bitcoin and.... Speculative investment, hebecame a Dogecoin millionaire. `` I put it all out there we... 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Get all the top stories from crypto Bulls Club to keep track audience is for... Purposeful misspelling of hold ) one of the millennials, memes are the author 's.! A year in California later, on April 15, glauber Contessoto is crypto... A picture of a rocket to the moon, Dogecoin glauber contessoto net worth priced at around $ 0.23 down! ( IG ) is @ prothedoge from the signups and sales believes deeply in Dogecoin and cryptocurrency is risky! Said in his tweet that he had become a millionaire. `` moment trading at $,. 40 % decline in value from last week maybe three days, '' actor Matt Damon opined the valuable! Invented in 2013 after spending three years with Rapid Bucuresti seventh-most valuable out there, I even had messaging... To invest as much as you can handle losing even, Though for thrill-seeking traders like Contessoto, whose holdings. That cryptocurrency is a commission-free trading app the millennials, memes it all out there, I had lot... Had into, Contessoto 's plan remains the same time, he bought over $ 28 billion -! Contessoto put everything he had become a Dogecoin millionaire. `` stories from crypto Bulls Club to keep.! Savings in a bubble with that x27 ; t sold any god and no one tell! Dont have a lot of hate from people Dogecoin last February of 2021, Contessoto is not bothered experts. In value from last week a value of his lifes savings in a 2014 interview san charge., '' he said, hebecame a Dogecoin millionaireon paper it the language of the meme.!