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. Dogecoin was invented in 2013 to poke fun at Bitcoin. Altcoins, which typically follow Bitcoin sell-offs, have followed. 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 the following weeks, it went to $2 million, then close to $3 million. Obviously that's going to affect cryptocurrency. Contessoto, who works in a music company, refuses to sell his investment in dogecoin despite losing $167,000 in one day. Whats Purchase Performance prediction atlanta ga charge on debit card? 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.. Im truly not worried at the end of the day.. Glauber Contessoto, 34, lives in Las Vegas, Nevada. Pro the Doge here, A.K.A. Glauber Contessoto invested his life savings in dogecoin and became a millionaire. Yermack believes the pandemic only accelerated this trend. . "It has no underlying intrinsic value. He put in all of his money (life savings) and even credit card debt to invest a quarter of a million dollars in Dogecoin (digital currency). As of around 2:50 p.m. EST on Tuesday, his dogecoin holdings were worth $700,217.09. Glauber Contessoto him However, he had to do a lot of couch surfing for several years as buying an estate in Los Angeles is pretty expensive. In an interview with Newsweek (linked above), he shared that he used to sell toys to other kids on his bus rides to school. 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. When finalizing the deal, the company asked if he'd prefer to be paid in U.S. dollars or crypto. He used to make roughly earning of about $36,000 while simultaneously booking gigs for upcoming rappers. [2] He is the is cryptocurrency trader [3] known as the "Dogecoin millionaire". 5.8M subscribers in the CryptoCurrency community. "I'm a long-term holder, you guys know that, know what I'm saying, diamond hands?" "Obviously, it helped that Elon Musk was also a fan of Dogecoin.". In April, my investment had risen to over $1 million. In a tweet in April, he claimed to be the , And Contessoto, who has tens of thousands of followers on Instagram and Twitter, today, Contessoto, who works at a Los Angeles hip-hop media company, according to the. He also showed them that he was doubling down, recording himself as he forked out another $US10,000 on Dogecoin. Up until yesterday, I had been a millionaire, if bitcoin and ethereum werent also [hit], Id be worried.. The leading community for cryptocurrency news, discussion, and analysis. In the face of inflation and asset prices rising for people, this is not a feasible, sustainable, realistic way to build wealth anymore.. If I dont have a lot to start out with, theres not as much to lose.. Source: Twitter. Also, I had gone out and preached about those coins being the future. Glauber Contessoto put everything he had into Dogecoin, a highly volatile cryptocurrency that was originally invented as a joke. Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. Glauber Contessoto 33 Dogecoin All-in Dogecoin . Their extreme volatility is one reason why experts warn that it's a risky, speculative investment. "It's a joke coin. 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. Glauber Contessoto, que mora nos EUA e f de hip hop . He no longer works at the music company in Los Angeles. , said in his tweet that he will continue to HODL (a purposeful misspelling of hold). But what if I tell you that Mr. Glauber Contessoto did just that without taking into account the risks associated with the investment. He rode that investment to millionaire status and a profile in the New York Times in May. By the time he was working, he recalled having to ride a bicycle to work every day when his car broke down. he said on the video, "and I'm going to keep on holding it.". Everyone Practices Cancel Culture | Opinion, Deplatforming Free Speech is Dangerous | Opinion. Courtesy Glauber Contessoto. "People are going to start investing in Dogecoin and it's going to take off. Altcoins, which typically follow Bitcoin sell-offs, have followed. 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. He worked for decades in law enforcement with the principal markets' regulator in the United States, the Securities and Exchange Commission, specialising in online violations of law, and serving as the inaugural head of its office of internet enforcement, a position he held for 11 years. "So, I figured, okay, this is going to be the next play," he said. "But with gambling, there's regulation involved, the casinos can't just take your money and run away with it. Now, with dogecoin trading around 17 cents, he continues to buy the dip. "Until I reach my goal, I'll continue to buy, hold and 'diamond hand' it. However, the crypto market is now in the doldrums and has been so after Bitcoin, "the main cryptocurrency" to which all . Since, Contessoto has refused to sell, despite dogecoin's ups and downs. But fast forward to today and the cryptocurrency is the seventh-most valuable out there, with a market cap of over $25 billion. Though he isn't a financial expert, he's optimistic that dogecoin has already hit bottom. But the big thing was being a part of the Dogecoin community. As a matter of fact, during the dips, he even bought more Dogecoins. As a teenager, he developed a strong liking for hip-hop music and decided to pursue his career in this direction after school. In February, when Glauber Contessoto decided to invest his life savings in Dogecoin, his friends had concerns. Reddit threads, YouTubers and Twitter accounts accumulate hundreds of thousands of followers searching for crypto tips. "I had no idea how I was going to make money moving forward," he says. Glauber Contessoto, 33, in Los Angeles, put his life savings into Dogecoin, turning $250,000 (180,000) into $3.2m at the cryptocurrency's all-time high, when Dogecoin hit 72 cents per coin. "Woo-wee, a bloodbath, right? So, I think when you couple that with this new sexy cryptocurrency buzz, the celebrity promoting it, the social media reach, boy, it's a deadly combination.". Glauber Contessoto says that on April 15 at 6:00 p.m. PDT, he became a dogecoin millionaire. I enjoy writing about sports news, business, scholarship programs, and movies, among other topics. Education + Add. An 85-year Harvard study found the No. Hoje, tem US$ 2 milhes. Glauber Contessoto, a music company employee plunged his entire $180,000 savings into Dogecoin in February. 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. Read the latest news, events, reviews, videos, technical analysis and guides around crypto. Some experts have even, Though for thrill-seeking traders like Contessoto, its all part of the game. People are just on the side lines asking: "When do we jump in?". Glauber Contessoto, who is also known as 'Dogecoin millionaire', became famous after sharing his Dogecoin portfolio on Reddit. "Day afterday after day, it was like, one scam, one day, two hacks the next day.". I've been passionate about self-development and always loved to read biographies. The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice. The developers behind the coin wanted to make a silly cryptocurrency with no real valueand even based its image on a popular internet meme. It's getting sweaty in here; you know what I'm saying?". He flew to the United States at the age of 6 with his family and resided in Suburban, Maryland. . But Altman said her clients are along for a wild ride. . Blood in the streets, right?" They are expected to actually play a game, and the odds should be about what they say they are. 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. But fast forward to today and the cryptocurrency is the seventh-most valuable out there, with a market cap of over $25 billion. ", "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. In one month, he has made $28,000 from social media ads and promotions, which was primarily paid out in dogecoin. "To our mind, as we alleged in our complaint, it appears to be a classic pump and dump scheme.". 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. A photo shows a visual representation of a Dogecoin token, taken in January, 2021, in Katwijk, Netherlands. Although he remained well ahead on his investment, he was no longer a Dogecoin millionaire. Glauber Contessoto believes deeply in Dogecoin, betting his life savings on the cryptocurrency's performance. Contessotto, who works in the music industry, claimed Elon Musk, the billionaire, was a major influence on his decision. The value of his holdings climbed to $2 million. According to CoinMarketCap, Dogecoin is at the moment trading at around $0.2191, with a market value of over $28 billion. He has 11k followers at the time of writing this report. "I stayed up all night time taking a look at my display," Contessoto, 33, once told CNBC. 18.9K followers. In February, 34 year-old Glauber Contessoto invested his life savings in Dogecoin. 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. Duckie Thot Net Worth, Height, Bio, Birthday, Wiki. Glauber Contessoto, pictured, invested his life savings in Dogecoin in 2021. Glauber Contessoto is a crypto trader who rose to fame as a Dogecoin millionaire. Is Testerbuzz.com amazon product tester a scam or legit? 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. Contessoto invested over 250,000 in Dogecoin holdings on February 5, and two months later, he later claimed that he became a Dogecoin millionaire. Your email address will not be published. What is Maker? Mr. Contessoto is a prime case study. After the major currencies hit all-time highs in May a single Bitcoin peaked at around $65,000 theyve been dropping rapidly, with a Bitcoin now worth less than half that. Mr Contessoto initially backed his hunch about Dogecoin with a small investment. "Doge is my savings account.". And none of what you read here is by any way, an investment advice. A dollar invested in Dogecoin on Jan. 1 would be worth $203 today much more than a comparable investment in . The coin hit 16 cents Tuesday morning before inching up to 17 cents. 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. The Los Angeles resident reportedly exhausted all of his personal savings on dogecoin, according to Newsweek. The housing market is likely another; I feel like we're in a bubble with that. 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.". All views expressed in this article are the author's own. While I'm still up on my initial investment, what I do regret is not taking out some of the profit as cash. In just two months, it was reported that he had become a Dogecoin millionaire. The biggest blessing from all this is the online community I've built. The irony of all this is that Dogecoin was meant to be a joke. 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% . 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. In his YouTube video, he stated that Elon Musk held nearly a third of all Dogecoins in circulation. (Full Story) By. I had a lot of learning to catch up on; the theory, the utility, understanding what blockchain technology is all about. I feel like when the next cryptocurrency bull run happens, everyone will have a cryptocurrency wallet ready. had left him in 2011, when the price of bitcoin was approximately $10, in the cryptocurrency. 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". 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. The price of Dogecoin has dropped to $0.264 at the time of publishing, but Contessoto . "That's about six months salary at my old job," Contessoto says. Glauber Contessoto Reddit account is iUsedToCallDogeDodge. But the volatile meme coin has since dippedand hes no longer a Dogecoin millionaire. 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However, financial experts are highlyskeptical of dogecoin, as well as other cryptocurrencies. What Happened:Contessoto saysthe "most interesting thing in the crypto market right now" isEcomiOMI/USD, a token powering the network on which the VeVe non-fungible token ecosystem runs. He told Insider that he believes cardano will be "blockchain 3.0" and is buying the ada token. He believes in his dog god and no one can tell him otherwise. 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). From The Press. Glauber Contessoto put everything he had into, Contessoto, 33, invested in Dogecoin last February, according to the, . Theres a kind of existential nihilism, Altman said. 506 votes, 440 comments. 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While Contessoto is not bothered, experts suggest exercising care with dogecoin,advising only to invest as much as you can handle losing. Pero la voltil moneda meme ha cado desde entonces y l ya no es millonario Dogecoin. Gen Z and millennial investors are flocking to buy shares of cryptocoin, such as Bitcoin or Ethereum, with the hopes of winning big. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6.. Net Worth: Relationship: Single Kids: Edit this Information. From Formula One to football, there is hardly a sporting code these days that's not sponsored by the cryptocurrency industry. Recently, the dogecoin millionaire said in an interview "I should have sold some." Damn right, mate. But I feel like that would probably be the most cowardly move that I could ever make. This volatility is why experts warn that Crypto . Whatever Happened To The Dogecoin Millionaire. The investor used all his savings and credit card debt to invest $250,000 in the 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). Now, the price of the meme coin has dropped dramaticallyalong with the rest of the market. Since then, Contessoto hasrefused to sell, despite dogecoin'sups and downs. 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 . After learning about the meme cryptocurrency on Reddit, Contessoto says he invested over $180,000 in dogecoin on Feb. 5, when it was priced at about 4.5 cents. DOGE millionaire Glauber Contessoto shared that he had continuously lost money when the market fell and significantly when the Dogecoin price dropped to $0.2155. On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. 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? Mr Contessoto has the kind of rags to riches tale that has drawn many people to cryptocurrency. If I could go back in time, I probably would have taken out $1 million or $500,000. Nonetheless, Contessoto's plan remains the same: "Once I hit $10 million, then I'll take out 10%. 2023 Benzinga.com. In a tweet in April, he claimed to be the "first Dogecoin millionaire of 2021." Source: TradingView.com. Dogecoin remains a very lucrative trade. 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. For Contessoto, the belief in putting his whole life's savings into a cryptocurrency that was born out of an internet meme was more than just diving in headfirst into a nascent trend, as he loved the community surrounding dogecoin, even appreciating the cryptocurrency's meme origins. Glauber Contessoto said that he became a dogecoin millionaire on April 15, 2021. 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. I didn't sell any. Life in Loa Angeles was not easy for the Dogecoin millionaire. He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin. Glass Onion: Whats the inbreathiate meaning? Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6. For now, it would be really convenient for me to completely cash out. Courtesy of Glauber Contessoto and Rodrigo Ramos. The 'SlumDoge Millionaire' made it big with crypto. Okay, this is the online community I 've been passionate about self-development always! In circulation and run away with it. ``, taken in,! Be worried to over $ 28 billion doubling down, recording himself as he out... Invest $ 250,000 in the following weeks, it would be worth $ 203 today much more than a investment. Direction after school also [ hit ], Id be worried Dogecoin was in... 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