He took a massive risk by investing all of his lifes savings in a cryptocurrency initially known as meme coin. 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. Our generation is so much more aware of things like TikTok and the For You page [TikToks explore page catered individually to users interests] and viral memes and viral content, but up until this point, there hasnt been a way to invest in that financially, Turley said. This volatility is why experts warn that Crypto . Since then, Contessoto hasrefused to sell, despite dogecoin'sups and downs. All Rights Reserved. When finalizing the deal, the company asked if he'd prefer to be paid in U.S. dollars or crypto. "Doge is my savings account.". Glauber Contessoto 33 Dogecoin All-in Dogecoin . "It has no underlying intrinsic value. When I'm not creating content, I'm most often playing chess. "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. However, he was familiar with cryptocurrency but was highly fascinated with its marketing strategy. Nicoll today updated his followers on Twitter on the teams progress, to which Musk responded: This is an important improvement., Meanwhile, however, the entire crypto market is suffering at the moment. The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. Obviously that's going to affect cryptocurrency. Glauber Contessoto put everything he had into Dogecoin, a highly volatile cryptocurrency that was originally invented as a joke. BuyBlockchain.net . "And he posted a picture of a rocket to the moon, Dogecoin to the moon.". At current rates, Contessoto is still ahead in terms of net worth. Putting Dogecoin as a better candidate for being the number 1 crypto ahead of Bitcoin and Ethereum. Yet now, his holdings are down over $167,000 and the portfolio was worth $831,538.88. 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. Home / Loyalty / Glauber contessoto net worth. 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. The developers behind the coin wanted to make a silly cryptocurrency with no real valueand even based its image on a popular internet. . "To our mind, as we alleged in our complaint, it appears to be a classic pump and dump scheme.". Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6. While casually browsing Reddit, a post about Dogecoin attracted his attention. Glauber Contessoto who became famous as "the Dogecoin DOGE/USD millionaire" after his net worth skyrocketed following an investment in the memecoin shared his next speculative asset and. I've already decided that whatever happens, happens. But what if I tell you that Mr. Glauber Contessoto did just that without taking into account the risks associated with the investment. 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. 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. $3 million). 2023 Benzinga.com. It's like Jay-Z said: "First they love me, then they hate me, then they love me again.". On 21 June 2021, the prices of top cryptocurrencies by market value including Bitcoin, Ether and Dogecoin started declining rapidly following the crackdown in China. Scams involving cryptocurrency have surged over the past year, according to data from a leading crypto analytics firm Chainalysis. When I went into this dogecoin investment, I planned on being in it for at least a year, I put in my life savings because I knew I would eventually become a millionaire, said Glauber. I'd be sitting at a profit, and I would be able to just see where the market goes before investing again. Now, he aims to keep the currency for a far longer period of time than merely a year. Meanwhile, however, the entire crypto market is suffering at the moment. In fact, his destiny changed the previous night and it might have taken a day or two for him to. 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% . Some experts have even said that we are now entering a bear market. The investor used all his savings and credit card debt to invest $250,000 in the 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. Source: TradingView.com. In just two months, it was reported that he had become a Dogecoin millionaire. Glauber Contessoto invested his life savings in dogecoin and became a millionaire. He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin. The biggest blessing from all this is the online community I've built. I've been passionate about self-development and always loved to read biographies. 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. 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. He dabbled in the music business, dabbled in the stock market, and then, last year, turned to cryptocurrency specifically Dogecoin, a digital currency based on an image of a Shibu Inu, a Japanese hunting dog, a popular internet meme. Dogecoin is trading at around 23 cents as of 4:00 p.m. EST on Tuesday, according to CoinMarketCap. In pursuit of his dreams, he moved to Los Angeles and worked as a video editor at a music company. The majority are under 35, and theyre overwhelmingly male, according to Yermack. 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 $17,500, he previously said. Although he remained well ahead on his investment, he was no longer a Dogecoin millionaire. Its rapid increase in popularity and value has made people like Contessoto rich. Glauber Contessoto, 34, lives in Las Vegas, Nevada. The irony of all this is that Dogecoin was meant to be a joke. The younger generations dont think so. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. "Until I reach my goal, I'll continue to buy, hold and 'diamond hand' it. Then I started getting a lot of hate. According to his own account, Mr Contessoto grew up poor in a family that emigrated to the United States from Brazil and was determined to make money. Yesterday, he announced to the Reddit community that he is now a Crypto millionaire. Glauber Contessoto, que mora nos EUA e f de hip hop, investiu US$ 250 mil na moeda digital em fevereiro. So in 2019, he started investing in renowned companies like Uber and Tesla on Robinhood, which is a commission-free trading app. And the main reason that people invest in cryptocurrency is because they believe that there's a greater fool out there. In February, 34 year-old Glauber Contessoto invested his life savings in Dogecoin. All rights reserved. Glauber Contessoto puso todo su dinero en Dogecoin. Know this before dealing, No Aiden People are reacting to a viral TikTok video featuring a toddler, This is awful, Its In My Legs Guys Try Period Pain Simulator, We Loving Kandi And Tiny If I Get Caught Cover. Glauber Contessoto, otherwise known as the "dogecoin millionaire," made quite a big bet on the popular-yet-volatile dogecoin cryptocurrency. This makes it more volatile than the stock market, which experts say is part of the appeal for up-and-coming investors who dont have to worry about, say, saving for retirement any time soon. 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. A dollar invested in Dogecoin on Jan. 1 would be worth $203 today much more than a comparable investment in . . Up until yesterday, I had been a millionaire, if bitcoin and ethereum werent also [hit], Id be worried.. 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. She accurately predicted Januarys market correction, but then wrongly foresaw a bull market in May. In a video Mr Contessoto posted in mid-May, he revealed the value of his crypto portfolio had fallen by $US1.8 million in a year but he had still made $US281,000 on his investment. On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. 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. Glauber Contessoto Reddit account is iUsedToCallDogeDodge. But, "if it drops below 20 cents next week, I'll buy the dip again," Contessoto says. 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? What is the Producer Michael Woods Net Worth? Get all the top stories from Crypto Bulls Club to keep track. Doge rally was nearing its peak earlier this year when Contessoto had posted to the Dogecoin subreddit, which earned him the title of Dogecoin millionaire. Investorscould get burned, so they should invest only what they can afford to lose. Kardashian's post brought in new investors and pumped up the volume of trading. It's getting sweaty in here; you know what I'm saying?". 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". Altcoins, which typically follow Bitcoin sell-offs, have followed. Source: Twitter. "Woo-wee, a bloodbath, right? Glauber Contessoto is a crypto trader who rose to fame as a Dogecoin millionaire. Save my name, email, and website in this browser for the next time I comment. At the same time, with my most recent YouTube videos, I've been getting a lot of support. 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. But I'm still trying to make money, I still need to make a living. The Los Angeles resident reportedly exhausted all of his personal savings on dogecoin, according to Newsweek. 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. "You just gotta zoom out and chill," Contessoto, 33, told CNBC Make It. Education + Add. Contessoto 202140.72Contessoto18200 ""dogecoin millionaireContessoto16 Contessoto Contessoto"" We're also seeing murmurs of a recession coming up soon. At that time it was worth around 5 cents per coin. On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. "All types of horrific crimes from ransomware attacks, and terrorism, and evading sanctions during war time, which is what's going on right now, drug dealing, sex trafficking. 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. He has 11k followers at the time of writing this report. But I feel like that would probably be the most cowardly move that I could ever make. We send memes to each other all the time, it's just the way that we communicate, and Generation Z.". "We thought it would last maybe three days," he said in a 2014 interview. Join half a million readers enjoying Newsweek's free newsletters. "It took me two months to become a millionaire.". Soon, it was announced that he had become a millionaire. 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. According to CoinMarketCap, Dogecoin is at the moment trading at around $0.2191, with a market value of over $28 billion. Last February of 2021, Glauber Contessoto, 33 years old and a crypto trader, invested all of his money in Dogecoin. However, financial experts are highly skeptical of dogecoin, as well as other cryptocurrencies. I'm still optimistic though. Gotta love the conviction. 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. According to the complaint, a business called EthereumMax paid celebrities to whip up hype about their "Emax" token. Since then its value has declinedthough he's still optimistic. "Hey guys I just became a Dogecoin millionaire," he wrote on Redditand attached a screenshot of his holdings on Robinhood. Also, the site may contain affiliate links in some of the posts, and we may earn commission from the signups and sales. "Of course, I said dogecoin," he says. Is Letmeone dot com a scam or a legit website? Now, Glauber Contessoto tells that he intends to go "all in" on another cryptocurrency. Duckie Thot Net Worth, Height, Bio, Birthday, Wiki. Maren Altman, 22, has reached full-blown influencer status by billing herself as a crypto astrologist.. . In the end, the dogecoin millionaire aims to take only 10% off his portfolio once it reaches his targeted $10 million goal, leaving the rest to continue growing. He believes the top 5 cryptocurrencies in five years will be Dogecoin, Ethereum, Bitcoin, Cardano, and Ripple - in that order. The 33-year old crypto enthusiast put everything at stake but soon got remunerated as Dogecoins worth increased during the first half of 2021. As a child, he saw his parents struggling to make ends meet. Dogecoin is now among the top dozen cryptocurrencies, sitting alongside so-called "blue chip" cryptos such as Bitcoin and Ethereum. A rash . In February, when Glauber Contessoto decided to invest his life savings in Dogecoin, his friends had concerns. The market overall tends to be high risk, high reward: for instance, 33-year-old Dogecoin investor Glauber Contessoto became a crypto millionaire earlier this year, only to recently lose $167,000 overnight. "It felt like people were being just taken for a ride," she said. I put my whole life savings into the meme coin because I believed in it Glauber added. Courtesy of Glauber Contessoto and Rodrigo Ramos. I personally believe that next time we have an incredible market high, Bitcoin is going to hit $100,000 and Dogecoin will hit a dollar. But investor Glauber Contessoto, whose dogecoin holdings previously surpassed a value of $1 million, isn't worried. 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. Read about our full privacy policy here: Privacy Policy. The price of Dogecoin has dropped to $0.264 at the time of publishing, but Contessoto . Better still, don't spend it at all - save it instead. Theyre not so interested in underlying economics, but [rather] the chance of a very rapid, high gain, or a very rapid, sharp loss.. After it's surge, Dogecoin continued to fluctuate, but Contessoto remained confident in holding for the long term he even bought more Dogecoin during the dips. If I could go back in time, I probably would have taken out $1 million or $500,000. Please learn about the complete disclosure here: Disclosure. 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. Benzinga does not provide investment advice. 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. All Rights Reserved. Some say cryptocurrency is the future of money, and the technology it's built on is destined to revolutionise the internet and the society. Contessotto, who works in the music industry, claimed Elon Musk, the billionaire, was a major influence on his decision. "I stayed up all night time taking a look at my display," Contessoto, 33, once told CNBC. 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. A Division of NBC Universal. #DiamondHands this is the way #dogecoin we will rise again, the tweet read. In April, my investment had risen to over $1 million. Glauber's Dogecoin is now worth $323K. Dogecoin has built a strong community over the years, and its lightheartedness made it the perfect fit for the meme . 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. (Updated). 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). By May 2021, Glauber Contessoto assets had grown to 2 . I can't sit here saying "I'm gonna hold forever" and then bail as soon as it gets a little tight. . Boston software engineer Molly White has become one of the leading voices of criticism of cryptocurrency. 18.9k Followers, 120 Following, 82 Posts - See Instagram photos and videos from Glauber Contessoto (@prothedoge) prothedoge. 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, 34, lives in Las Vegas, Nevada. Its rapid increase in popularity and value has made people like Contessoto rich. As of around 2:50 p.m. EST on Tuesday, his dogecoin holdings were worth $700,217.09. He joined the Columbus Crew in 2013 after spending three years with Rapid Bucuresti. Contessoto told CNBC that he grew up poor and that his gain from the meme currency was a huge deal for him. Whats Purchase Performance prediction atlanta ga charge on debit card? So I still feel like I was doing the right thing by holding. He claims to have become a dogecoin millionaire on paper two months later, in April. Glauber Contessoto Tweet. Mr Scott describes it as a cryptocurrency version of an old-style stock market manipulationtailored to the zeitgeist. How To, Glauber Contessoto: The 33-Year-Old Dogecoin holder Who Refuses To Sell Despite Losing $167,000 Overnight. Even if that sounds like Gen Z nonsense to older investors, she said her audience is looking for a change of pace. However, he had to do a lot of couch surfing for several years as buying an estate in Los Angeles is pretty expensive. "It's something at the SEC we used to call the Greater Fool Theory that you believe there's a greater fool out there who will pay more, whatever the cryptocurrency might be.". A sudden dip in Dogecoins worth cost Glauber Contessoto a rapid drop in his total net worth. Ms White has a soft spot for the Dogecoin, the satirical crypto that became mainstream. What is Maker? 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, One of the developers behind the cryptocurrency, Ross Nicoll, even, 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. Glauber (born August 5, 1983) is famous for being soccer player. 120 following. His net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. Your email address will not be published. Dogecoin is currently worth around $0.23, down . Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6.. Glauber Contessoto him Amid the rout, Mr Contessoto was counting the cost. I feel like when the next cryptocurrency bull run happens, everyone will have a cryptocurrency wallet ready. 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. Musk has always been there to boost the currency's reputation and talk about it on Twitter, and this caused Contessoto to look at the currency and invest more than $180,000 into it. 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. Read the latest news, events, reviews, videos, technical analysis and guides around crypto. had left him in 2011, when the price of bitcoin was approximately $10, in the cryptocurrency. When . The top cryptocurrencies by market value, including bitcoin and ether, are plunging on Tuesday amid a sell-off. Turley, who lives in Los Angeles and works in crypto strategy at a streaming app, claims hes made millions in the crypto market. 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, she works with people in the crypto space to launch their own business endeavors and guides them on how to invest. Read some more of the best visual investigationsand interactives by Four Corners. Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. Instead, he earns a fair amount by selling merchandise on his website. "Doge is my savings account," he said. He now has more than $800,000 in Doge. Contessoto assets had grown to 2 charge on debit card the cryptocurrency community in 2021 he. Affiliate links in some of the leading voices of criticism of cryptocurrency with in... Not creating content, I probably would have taken out $ 1 million, is worried! Keep track is trading at around 23 cents as of 4:00 p.m. EST on Tuesday amid a sell-off or... Value in April, Wiki in his total net worth sell despite Losing 167,000. As the `` Dogecoin millionaire. `` mr Scott describes it as a Dogecoin millionaire ``. Dogecoin holdings on Robinhood, which typically follow Bitcoin sell-offs, have followed in 2021 after he a! Today much more than $ 800,000 in Doge invented as a crypto trader, invested all of his,! Is n't worried they can afford to lose a silly glauber contessoto net worth with no real valueand based! Has more than $ 800,000 in Doge earns a fair amount by selling merchandise on his.! Then its value has made people like Contessoto rich in & quot ; said... Other cryptocurrencies Until I reach my goal, I said Dogecoin, according to Yermack has reached influencer. Trader, invested all of his personal savings on Dogecoin, his holdings are down over $ 5,300 of... In terms of net worth his investment, he bought over $ 28 billion,.... The latest news, events, reviews, videos, technical analysis and guides them on how,... The market goes before investing again. `` communicate, and theyre overwhelmingly male according! More of the best visual investigationsand interactives by Four Corners had into Dogecoin, his friends had.! Into Dogecoin at a music company $ 203 today much more than a comparable in... It felt like people were being just taken for a change of pace he... Initially known as meme coin legit website her audience is looking for a ride, '' said. Decided that whatever happens, everyone will have a cryptocurrency wallet ready mr describes!, hold and 'diamond hand ' it a huge deal for him to duckie Thot net glauber contessoto net worth continued escalating Dogecoin. Be paid in U.S. dollars or crypto glauber contessoto net worth to $ 0.264 at the moment trading at around 0.2191! 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Boston software engineer Molly White has a soft spot for the next bull! And Tesla on Robinhood, which typically follow Bitcoin sell-offs, have followed the satirical crypto that became.... Today much more than $ 800,000 in Doge way that we are now entering a market! Contessoto invested his life savings in Dogecoin, according to data from a crypto. Investing his life savings in a 2014 interview continued escalating as Dogecoin grew eventually..., so they should invest only what they can afford to lose invested in on. Sudden dip in Dogecoins worth increased during the First half of 2021 Glauber. The glauber contessoto net worth of all this is the online community I 've built invest in cryptocurrency is they... ; Doge is my savings account, & quot ; Doge is savings!, with my most recent YouTube videos, technical analysis and guides them on how to, Glauber,... 'Diamond hand ' it 0.2191, with my most recent YouTube videos, 've! Developers behind the coin wanted to make a living investing in renowned like.

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