Whatever Happened To The Dogecoin Millionaire. Your email address will not be published. Once I put it all out there, I even had people messaging me apologizing for saying mean things to me before. It fills a gap that had been created by the lack of entertainment and the lack of recreation that the pandemic caused. (He said he saw this happen firsthand, when his 21-year-old son invested his stimulus check in cryptocurrency.). I felt like I would have done more harm than good if I was to just sell out my position and abandon the community and just say "peace out guys" and leave everybody holding the bags. 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. Glauber Contessoto, 33, became a dogecoin millionaire after investing his life savings, $250,000, into the cryptocurrency when it was at $0.045. Glauber Contessoto invested his life savings in dogecoin and became a millionaire. In fact, his destiny changed the previous night and it might have taken a day or two for him to. 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. To keep up with his growing "dogecoin millionaire" brand online, Contessoto also quit his day job at a music company in Los Angeles in June. As of around 12:00 p.m. EST on Tuesday, his dogecoin holdings are worth around $931,689. 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. All of those things are now a lot easier to do because of cryptocurrency.". At its highest point, the value of the joke crypto hit $US89 billion (124.7 billion) an astonishing figure, given that Dogecoin has little real-world function beyond speculation. 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. I've already decided that whatever happens, happens. On April 15th, it reached a new peak of about $0.45, bringing Contessoto's DOGE holdings to $1,081,441.29. 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. They thought he was risking too much by investing in this joke coin. 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. Kardashian's post brought in new investors and pumped up the volume of trading. Mr. Contessoto, legally named Jaysn Prolifiq, was born in Brazil. Theyre not so interested in underlying economics, but [rather] the chance of a very rapid, high gain, or a very rapid, sharp loss.. Two months later, in April, he became a. 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In pursuit of his dreams, he moved to Los Angeles and worked as a video editor at a music company. However, the crypto market is now in the doldrums and has been so after Bitcoin, "the main cryptocurrency" to which all . One of them is just more plainly based in the shared belief that a silly dog token will go up in value.". Meanwhile, however, the entire crypto market is suffering at the moment. Dogecoin was invented in 2013 to poke fun at Bitcoin. . However, he is looking forward to growing his brand online. . He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin. And none of what you read here is by any way, an investment advice. Glauber Contessoto Instagram (IG) is @prothedoge. In addition, Contessoto shared in recent a YouTube video that he's selling his own beard cream lineup called the "Diamond Hand." 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. 10 Best Scholarships for College Students in December 2022, USA Health Insurance System: A Guide for Study Abroad Students, University of Colorado Denver Scholarships In USA Apply Now for Fully Funded, American MBBS: Entry Requirements, Fees, and Programs Offering Free Tuition, Canada, University of Waterloo Scholarship (Value and Eligibility), Best Automatic Mouse Mover 2023 (Ranked and Reviewed), How To Face Swap on Davinci Resolve Software, Donovan Mitchell: Superstar Helping Cleveland Cavaliers To Shine This Season, Who is Islam Makhachev wife? 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. The Dogecoin Millionaire Finds A New Memecoin Gem, Says Its 'Marketing Is The Greatest' glauber contessoto twitter According to the Benzinga report, Contessoto feels. 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? About|Contact Us|Terms & Conditions| Privacy Policy. Thanks for contacting us. 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 . By May 2021, Glauber Contessoto assets had grown to 2 . "You just gotta zoom out and chill," Contessoto, 33, told CNBC Make It. 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. Today, Dogecoin was trading at $0.19, a 40% decline in value from last week. 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. And a lot of people did, especially for the first six to eight months. On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. Nonetheless, Contessoto's plan remains the same: "Once I hit $10 million, then I'll take out 10%. 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. He claims to have become a dogecoin millionaire on paper two months later, in April. 82 posts. 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. WIN Price Prediction 2023, 2024, 2025 till. The whole goal for Dogecoin has always been mass adoption; to be, eventually, legal tender to be used in day-to-day payments, transactions and buying and selling things. The coin hit 16 cents Tuesday morning before inching up to 17 cents. If I could go back in time, I probably would have taken out $1 million or $500,000. Join the tribe of 1000+ members now. 14.27 on July 22 morning Instead, he earns a fair amount by selling merchandise on his website. However, financial experts are highly skeptical of dogecoin, as well as other cryptocurrencies. We at cryptobullsclub.com use cookies to personalise ads and to analyse our traffic. Although he remained well ahead on his investment, he was no longer a Dogecoin millionaire. Then I started getting a lot of hate. I've been passionate about self-development and always loved to read biographies. Glauber Contessoto Tweet. Some might argue - time will tell. From The Press. In just two months, it was reported that he had become a Dogecoin millionaire. Bitcoin, the largest cryptocurrency by market cap, today, $30,000 for the first time since January. Altman charges members $7.77 per month and offers courses ranging in price anywhere from $49 to $1,499. . 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Your email address will not be published. 5.8M subscribers in the CryptoCurrency community. Their extreme volatility is one reason why experts warn that it's a risky, speculative investment. In the following weeks, it went to $2 million, then close to $3 million. "It's getting crazy in this crypto market, right? 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. "Until I reach my goal, I'll continue to buy, hold and 'diamond hand' it. Mr Stark is also concerned is that cryptocurrency is facilitating crime. Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. But I feel like that would probably be the most cowardly move that I could ever make. Would-be Dogecoin millionaire Glauber Contessoto is convinced that DOGE is a HODL even after the crypto token's price crashed further this week. Glauber (born August 5, 1983) is famous for being soccer player. "[Musk] tweeted back-to-back like on a rant where he's saying, "Dogecoin is the future, Dogecoin is the people's crypto. "Woo-wee, a bloodbath, right? Last February of 2021, Glauber Contessoto, 33 years old and a crypto trader, invested all of his money in Dogecoin. After days of research,Contessoto then poured all his savings into it, even resorting to borrowing money through margin investing. In April of 2021, when the value of dogecoin reached an all-time high of $0.72, Contessoto claimed that his initial $180,000 dogecoin portfolio had reached a worth of about $2 million. Please learn about the complete disclosure here: Disclosure. I put my whole life savings into the meme coin because I believed in it Glauber added. Glauber Contessoto believes deeply in Dogecoin, betting his life savings on the cryptocurrency's performance. Blower Repair Pump Repair Engineering Services Replacement Parts. In February, when Glauber Contessoto decided to invest his life savings in Dogecoin, his friends had concerns. Contessoto was intrigued by dogecoin for a few reasons. Yesterday, he announced to the Reddit community that he is now a Crypto millionaire. 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. Even now, he dismisses the idea of selling. Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. 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. Amid the rout, Mr Contessoto was counting the cost. It's getting sweaty in here; you know what I'm saying?". On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. Please DYOR before investing. 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. "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. Glauber Contessoto, 34, lives in Las Vegas, Nevada. IF I CAN HODL YOU CAN HODL!!! On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. "Obviously, it helped that Elon Musk was also a fan of Dogecoin.". He also showed them that he was doubling down, recording himself as he forked out another $US10,000 on Dogecoin. Glauber Contessoto put all his money into Dogecoin. Do Not Sell My Personal Data/Privacy Policy. 18.9k Followers, 120 Following, 82 Posts - See Instagram photos and videos from Glauber Contessoto (@prothedoge) prothedoge. "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.". People had a lot of free time on their hands and were locked in their apartments, he said. "So, they literally paid me in dogecoin. Now, he aims to keep the currency for a far longer period of time than merely a year. 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. He rode that investment to millionaire status and a profile in the New York Times in May. Glauber Contessoto says that on April 15 at 6:00 p.m. PDT, he became a dogecoin millionaire. 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. Yermack believes the pandemic only accelerated this trend. He took a massive risk by investing all of his lifes savings in a cryptocurrency initially known as meme coin. Whats Quick card san diego charge on credit card? As to why Dogecoin and cryptocurrency is in its current state? How Glauber Contessoto Became Known as the Dogecoin Millionaire. As Musk ramped it up, that's where Dogecoin headed; Mr Contessoto's gamble paid off. Still, Contessoto, just like many big bulls, remains extremely optimistic about Dogecoin, although he isnt presently a millionaire by Dogecoin on paper. 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. Even if that sounds like Gen Z nonsense to older investors, she said her audience is looking for a change of pace. Reddit threads, YouTubers and Twitter accounts accumulate hundreds of thousands of followers searching for crypto tips. Glauber's Dogecoin is now worth $323K. Cryptocurrency which is a type of digital file that can be used as money, based on blockchain technology is not controlled by any centralized entity or government, and is nearly impossible to trace. The shared belief that a silly dog token will go up in value from last week, announced. $ 2 million, then I 'll take out 10 % 120 following, 82 Posts - Instagram. And none of what you read here is by any way, an investment.! 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