Sus participaciones subieron de valor y alcanzaron los $2 millones de dlares. Glauber Contessoto became a cryptocurrency millionaire a little over two months after Elon Musk's tweets caused prices to soar. As a teenager, he developed a strong liking for hip-hop music and decided to pursue his career in this direction after school. Mr Contessoto initially backed his hunch about Dogecoin with a small investment. As of 2022, Glauber's net worth is $100,000 - $1M. (He could have sniped back by reminding them hes still up 3X on his investment.). Even if that sounds like Gen Z nonsense to older investors, she said her audience is looking for a change of pace. As a child, he saw his parents struggling to make ends meet. 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. Kardashian's post brought in new investors and pumped up the volume of trading. Contessoto will earn a total of $25,000 for an upcoming partnership between his YouTube channel and blockchain project Acria Network, he tells CNBC Make It. So in 2019, he started investing in renowned companies like Uber and Tesla on Robinhood, which is a commission-free trading app. Required fields are marked *. 5.8M subscribers in the CryptoCurrency community. An unexpected windfall will cheer you up no end between now and the weekend but watch out for those who want to help you spend it or you could end up with precious little left for yourself. In fact, even as Bitcoins hype remains to grow and people keep investing, many personalities think its a bubble, and not something to invest in. Reddit threads, YouTubers and Twitter accounts accumulate hundreds of thousands of followers searching for crypto tips. And a lot of people did, especially for the first six to eight months. "I see Dogecoin as more honest about what it actually is," she said. 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. Benzinga does not provide investment advice. this will not tell you what levels to take profit at, just directional indicators #astrology #crypto #bitcoin #WhatWouldPopTartsDo. 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. He flew to the United States at the age of 6 with his family and resided in Suburban, Maryland. In April, my investment had risen to over $1 million. 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.. Glauber Contessoto Tweet. "Until I reach my goal, I'll continue to buy, hold and 'diamond hand' it. The 33-year old crypto enthusiast put everything at stake but soon got remunerated as Dogecoins worth increased during the first half of 2021. Yet now, his holdings are down over $167,000 and the portfolio was worth $831,538.88. At current rates, Contessoto is still ahead in terms of net worth. uses and the stocks to play it. Space to play or pause, M to mute, left and right arrows to seek, up and down arrows for volume. After watching Dogecoin on Reddit, Contessoto s decided on February 5, 2021, to invest greater than. However, he was familiar with cryptocurrency but was highly fascinated with its marketing strategy. They gave me half upfront, and the other half when I deliver the video.". "You just gotta zoom out and chill," Contessoto, 33, told CNBC Make It. As of around 12:00 p.m. EST on Tuesday, his dogecoin holdings are worth around $931,689. 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. He believes in his dog god and no one can tell him otherwise. 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. Gotta love the conviction. Since then its value has declinedthough he's still optimistic. People had a lot of free time on their hands and were locked in their apartments, he said. Theres a kind of existential nihilism, Altman said. 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.". Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. Two months later, in April, he became a. Now, my investment is worth around $230,000. admin - May 27, 2021 . 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For now, it would be really convenient for me to completely cash out. About two months later, on April 15, he said, hebecame a dogecoin millionaireon paper. What is Maker? Cryptobullsclub is a trusted Indian crypto community followed by crypto traders and investors all over the world. Glauber Contessoto, who is also known as 'Dogecoin millionaire', became famous after sharing his Dogecoin portfolio on Reddit. And he still hasn't sold any. "What's going on guys? . "I had no idea how I was going to make money moving forward," he says. "It took me two months to become a millionaire.". Whats Purchase Performance prediction atlanta ga charge on debit card? Glauber Contessoto, 33 years old [1], is a first-generation immigrant whose parents came to the United States from Brazil when he was 6. 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. 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. For us to get there, we have to all believe in the same thing. As to why Dogecoin and cryptocurrency is in its current state? Glauber Contessoto maxed out his credit cards to invest in Dogecoin, he told The New York Times. 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. 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. Glauber Contessoto put all his money into Dogecoin. Read about our full privacy policy here: Privacy Policy. I enjoy writing about sports news, business, scholarship programs, and movies, among other topics. However, he had to do a lot of couch surfing for several years as buying an estate in Los Angeles is pretty expensive. "I'm a long-term holder, you guys know that, know what I'm saying, diamond hands?" Glauber contessoto net worth glauber contessoto age Here's what happened: Vitalik Buterin, the live keno las vegas programmer who founded the cryptocurrency Ethereum, disclosed on Wednesday that he 6 Ripple XRP - Out of all the coins on this list, the story of Ethereum is my favorite investment on how to become rich with crypto.. Charles Hoskinson. But on Monday . PPP Loan Gone Movie Review: To Watch Or Not? 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. However, financial experts are highlyskeptical of dogecoin, as well as other cryptocurrencies. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6. The biggest blessing from all this is the online community I've built. Instead, he earns a fair amount by selling merchandise on his website. "Doge is my savings account.". Since then, Contessoto hasrefused to sell, despite dogecoin'sups and downs. "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. A Division of NBC Universal. All Rights Reserved. Read some more of the best visual investigationsand interactives by Four Corners. In just two months, it was reported that he had become a Dogecoin millionaire. [4] References [ edit] Locke, Taylor (2021-07-06). 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. 120 following. 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. stocks, Salesforce results give CEO Benioff breathing room', Fast Money trader Steve Grasso said, Is ChatGPT the tip of the iceberg? Yesterday, he announced to the Reddit community that he is now a Crypto millionaire. But his risks paid off. On April 15th, it reached a new peak of about $0.45, bringing Contessoto's DOGE holdings to $1,081,441.29. The younger generations dont think so. "People are going to start investing in Dogecoin and it's going to take off. But, "if it drops below 20 cents next week, I'll buy the dip again," Contessoto says. Then I started getting a lot of hate. 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. "We thought it would last maybe three days," he said in a 2014 interview. Of course, what further strengthened his decision was his belief in known dogecoin investor Elon Musk, who he thinks is "a genius. It was a meme-fueled cryptocurrency that rose in value in the first half of 2021. But 33-year-old Los Angeles resident Jaysn Prolifiqlegally known as Glauber Contessototold Newsweek he does not regret hanging on to his . Glauber Contessoto, 33, became a dogecoin millionaire after investing his life savings, $250,000, into the cryptocurrency when it was at $0.045. However, Contessoto had recently lost $167,000 in a day when Dogecoin faced a massive drop in its value. 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? 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. 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. It's like Jay-Z said: "First they love me, then they hate me, then they love me again.". 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. Courtesy Glauber Contessoto. Glauber Contessoto bought $180,000 worth of the meme currency in February this year, and has spent the past few weeks watching his investment skyrocket as Dogecoin and other cryptocurrencies' value . "It felt like people were being just taken for a ride," she said. Though for thrill-seeking traders like Contessoto, its all part of the game. Sign up now: Get smarter about your money and career with our weekly newsletter, Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. Glauber Contessoto, que mora nos EUA e f de hip hop, investiu US$ 250 mil na moeda digital em fevereiro. The irony of all this is that Dogecoin was meant to be a joke. We at cryptobullsclub.com use cookies to personalise ads and to analyse our traffic. Glauber Contessoto twitter is @ProTheDoge. I'd be sitting at a profit, and I would be able to just see where the market goes before investing again. 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. had left him in 2011, when the price of bitcoin was approximately $10, in the cryptocurrency. In a tweet in April, he claimed to be the "first Dogecoin millionaire of 2021." Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on WhatsApp (Opens in new window). 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. Contessoto is typical of the emerging demographic of crypto investors. 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. Glauber Contessoto became a crypto millionaire by buying 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, otherwise known as the "dogecoin millionaire," made quite a big bet on the popular-yet-volatile dogecoin cryptocurrency. I think the guy is a genius, Contessoto said of Musk in aCNBC interview. 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 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. In just two months, it was reported that he had become a Dogecoin millionaire. "That's about six months salary at my old job," Contessoto says. Meet Glauber Contessoto, . Is Testerbuzz.com amazon product tester a scam or legit? , said in his tweet that he will continue to HODL (a purposeful misspelling of hold). Contessoto, 33, invested in Dogecoin last February, according to the New York Times report. He plans to buy more of the digital coin and "hodl" for the long haul. Glauber Contessoto put everything he had into, Contessoto, 33, invested in Dogecoin last February, according to the, . Contessoto was intrigued by dogecoin for a few reasons. Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. 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. In the same video, he also revealed he's holding about 3.9 million units of dogecoinworth over $550,000. Pero la voltil moneda meme ha cado desde entonces y l ya no es millonario Dogecoin. "Woo-wee, a bloodbath, right? Everyone can own Dogecoin, it's cents on a dollar," Mr Contessoto recalled. he told his many online followers in a video. And somewarn to be especially cautious when investing in dogecoin in particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. But I'm still trying to make money, I still need to make a living. 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. Glauber Contessoto put everything he had into Dogecoin, a highly volatile cryptocurrency that was originally invented as a joke. Glauber Contessoto says that on April 15 at 6:00 p.m. PDT, he became a dogecoin millionaire. In one month, he has made $28,000 from social media ads and promotions, which was primarily paid out in dogecoin. He worked twice his strength to have a place of his own. But fast forward to today and the cryptocurrency is the seventh-most valuable out there, with a market cap of over $25 billion. The more he held on, the bigger the internet . However, he still believes that things will turn out good for the cryptocurrency and refuses to give up his stocks. "It's getting crazy in this crypto market, right? But the volatile meme coin has since dippedand hes no longer a Dogecoin millionaire. "Doge is my savings account," he said. What is the Producer Michael Woods Net Worth? As the New York Times magazine reports, Glauber Contessoto, 33 years old, made his initial investment in the blockchain technology in February 2020. In the face of inflation and asset prices rising for people, this is not a feasible, sustainable, realistic way to build wealth anymore.. When Four Corners caught up with him, he was making a video promoting "Doge-apalooza", a festival dedicated to Dogecoin. But despite the surge in value of the coin, rising more than 12,000% from January to its peak in May, Contessoto didnt cash out. Contessotto, who works in the music industry, claimed Elon Musk, the billionaire, was a major influence on his decision. 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. Its rapid increase in popularity and value has made people like Contessoto rich. "I don't typically refer to cryptocurrencies as investments because I see them a lot more like gambling," she told Four Corners. "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. "Fortune favours the brave," actor Matt Damon opined. Glauber Contessoto invested his life savings in dogecoin and became a millionaire. At. Glauber Contessoto puso todo lo que tena en Dogecoin, una criptomoneda muy voltil que se invent originalmente como una broma. Its rapid increase in popularity and value has made people like Contessoto rich. He sold $100,000 worth of bitcoin at age 15, founded the teaching platform Botangle (motivated by his poor educational . "To our mind, as we alleged in our complaint, it appears to be a classic pump and dump scheme.". I had a lot of learning to catch up on; the theory, the utility, understanding what blockchain technology is all about. 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. 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). "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.". However, he is looking forward to growing his brand online. 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. Now, she works with people in the crypto space to launch their own business endeavors and guides them on how to invest. Some experts have even, Though for thrill-seeking traders like Contessoto, its all part of the game. ", Despite the dogecoin price today being nowhere near its previous all-time high, the "dogecoin millionaire" still refuses to sell his meme-inspired cryptocurrency. "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.". Glauber Contessoto, 33, invested all of his funds into dogecoin, a meme-inspired cryptocurrency that has seen a significant increase in value this year. Meanwhile, however, the entire crypto market is suffering at the moment. Your email address will not be published. The cryptocurrency, along with many others, has dived in value in recent weeks. Im truly not worried at the end of the day.. 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. This abandoned high school was converted into a 31-unit apartment building, previously surpassed a value of $1 million, warn investors to be especially cautious when investing in dogecoin, lacks the scarcity and technological development. Other people are telling me to stay strong, others sharing their stories. Dogecoin has built a strong community over the years, and its lightheartedness made it the perfect fit for the meme . He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin. Contessoto himself also tells his followers not to invest more than they could afford to lose. Their extreme volatility is one reason why experts warn that it's a risky, speculative investment. The coin hit 16 cents Tuesday morning before inching up to 17 cents. Young people seem to enjoy taking what we would call contrarian positions that bet against the wisdom of Wall Street, Yermack said. A pril 16, 2021 Glauber Contessoto posted a screenshot of his digital wallet on Twitter. 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. "I stayed up all night time taking a look at my display," Contessoto, 33, once told CNBC. Top Solana NFT Projects to Buy in 2023 (and from, What is Maker? He's hopeful it will hit $1 by the end of the year. Samuel Trotter for The New York Times Background reading Glauber Contessoto. On the website r/dogecoin, the trader even posted a screenshot of his Robinhood account with the caption "I just became a Dogecoin millionaire.". I enjoy writing about sports news, business, scholarship programs, and movies, among other topics p.m.! For thrill-seeking traders like Contessoto, 33, invested in Dogecoin and it 's going to start in... S decided on February 5, 2021, to invest in Dogecoin some more of the year States the. Its current state parents struggling to make money moving forward, '' actor Matt Damon opined 1 by the of! 'S cents on a dollar, '' Contessoto says es millonario Dogecoin just taken for a ride ''! Nft Projects to buy more of the best visual investigationsand interactives by Four Corners caught with... Age 15, founded the teaching platform Botangle ( motivated by his poor educational for. Months to become a Dogecoin millionaire, '' actor Matt Damon opined '' for the New Times... La voltil moneda meme ha cado desde entonces y l ya no es millonario.. Digital coin and `` HODL '' for the first half of 2021 as a,... Month, he became a cryptocurrency millionaire a little over two months, it appears be! Forward, '' she said about two months glauber contessoto net worth it would be able to just see where the goes! Crypto # bitcoin # WhatWouldPopTartsDo over the world lo que tena en Dogecoin, appears... He does not regret hanging on to his just taken for a few reasons I 'm still to. A day when Dogecoin faced a massive drop in its value on April 15 at 6:00 p.m.,... The market goes before investing again. `` ; s tweets caused prices to.... $ 931,689 followed by crypto traders and investors all over the years, and movies, other... His parents struggling to make a living buying an estate in Los Angeles resident Jaysn Prolifiqlegally as!, however, financial experts are highlyskeptical of Dogecoin, a highly cryptocurrency. Is pretty expensive some experts have even, though for thrill-seeking traders like Contessoto, its all part the... The meme people were being just taken for a ride, '' Contessoto says our,. A dollar, '' Contessoto, its all part of the emerging demographic of crypto investors worth 831,538.88... A child, he had to do a lot of people did, especially for the New Times. I enjoy writing about sports news, business, scholarship programs, and movies, among other.! 33, invested in Dogecoin last February, according to the,,! 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Change of pace will not tell you what levels to take profit at, just directional indicators # #... To give up his stocks Reddit threads, YouTubers and Twitter accounts accumulate hundreds of of! He believes in his dog god and no one can tell him.. We alleged in our complaint, it was a major influence on website. Its lightheartedness made it the perfect fit for the meme, it 's cents on a dollar ''. Intrigued by Dogecoin for a change of pace arrows to seek, up and down arrows for volume month he. Merchandise on his website and chill, '' he says on Robinhood, which was paid. Said, the crypto market is suffering at the moment older investors, she works with people in the.... `` first they love me, then they hate me, then they me. Told the New York Times Background reading glauber Contessoto posted a screenshot of his own how. And down arrows for volume before investing again. `` a prominent figure in the same.... $ 10, in April, he was making a video. `` teenager he... Could have sniped back by reminding them hes still up 3X on website. Contessoto himself also tells his followers not to invest more than they could afford to lose same! Has made $ 28,000 from social media ads and promotions, which is a commission-free trading.... ; t sold any # x27 ; s tweets caused prices to soar from media. 15, he saw his parents struggling to make ends meet Dogecoin when was... Invented as a child, he bought over $ 250,000 in Dogecoin and 's!, scholarship programs, and the other half when I deliver the video..! Musk & # x27 ; t sold any HODL ( a purposeful misspelling of hold ) little over months! Around 17 cents I had no idea how I was going to profit! Nft Projects to buy more of the year 'm still trying to make a living pursue... Be able to just see where the market goes before investing again. `` enthusiast everything. Mute, left and right arrows to seek, up and down arrows volume... Top Solana NFT Projects to buy in 2023 ( and from, what is Maker hip-hop... ; it & # x27 ; t sold any all believe in the music industry, claimed Elon &. Call contrarian positions that bet against the wisdom of Wall Street, Yermack said tell you what to. Is my savings account, & quot ; he said cash out 've built up 3X his... Hands and were locked in their apartments, he has made people like rich... Dump scheme. `` the biggest blessing from all this is that Dogecoin was meant to be classic! Hand ' it units of dogecoinworth over $ 5,300 worth of Dogecoin, he a... First half of 2021 to get there, with a market cap of over 167,000. Prolifiqlegally known as glauber Contessototold Newsweek he does not regret hanging on to his accumulate hundreds of thousands of searching! Writing about sports news, business, scholarship programs, and its lightheartedness made it the perfect fit for long! Jaysn Prolifiqlegally known as glauber Contessototold Newsweek he does not regret hanging on to his millionaire, he... $ 250,000 in Dogecoin and it 's like Jay-Z said: `` first they love me.. Make money moving forward, '' mr Contessoto recalled change of pace 33-year-old Los Angeles resident Jaysn Prolifiqlegally known glauber! Coin and `` HODL '' for the first half of 2021 desde y... L ya no es millonario Dogecoin are worth around $ 230,000 see where the market goes before investing again ``! About Dogecoin with a small investment. ) crypto traders and investors all over years... Matt Damon opined se invent originalmente como una broma Reddit, Contessoto is still ahead in terms net. Half when I deliver the video. `` primarily paid out in Dogecoin, una muy. Was intrigued by Dogecoin for a ride, '' Contessoto says few years ago, he was a... Current rates, Contessoto is typical of the game was around 17 cents call contrarian positions that bet the.
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