Some might argue - time will tell. Glauber Contessoto became a cryptocurrency millionaire a little over two months after Elon Musk's tweets caused prices to soar. Maria DiGeronimo Net Worth, Biography, Fiance, Children, Age, Eric Roberts Net Worth, Movies Wife, Wiki. He currently resides in Brazil. . At that time it was worth around 5 cents per coin. 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.". Contessoto investeerde naar eigen . He is known on YouTube as The Dogecoin Millionaire and he is known on Instagram as @ProTheDoge. In addition, Contessoto shared in recent a YouTube video that he's selling his own beard cream lineup called the "Diamond Hand." After its boost, Dogecoins price kept on fluctuating, but Contessoto remained optimistic and was quite confident in holding for the long-term. 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. In the following weeks, it went to $2 million, then close to $3 million. I can't sit here saying "I'm gonna hold forever" and then bail as soon as it gets a little tight. "I don't typically refer to cryptocurrencies as investments because I see them a lot more like gambling," she told Four Corners. 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.". 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. Contessoto, 33, invested in Dogecoin last February, according to the New York Times report. "As they say, in the ad business, the eyeballs seeing that are extraordinary. 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. Investorscould get burned, and in turn, should only invest what they can afford to lose. 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. Glauber Contessoto says that on April 15 at 6:00 p.m. PDT, he became a dogecoin millionaire. Among those is meme-inspired cryptocurrency dogecoin, which is down about 77% since its all-time high of nearly 74 cents in May. MKR Price Prediction 2023, What Is Staking In Cryptocurrency? What is the Producer Michael Woods Net Worth? . 5.8M subscribers in the CryptoCurrency community. In an interview with Newsweek (linked above), he shared that he used to sell toys to other kids on his bus rides to school. As of around 2:50 p.m. EST on Tuesday, his dogecoin holdings were worth $700,217.09. 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. In fact, he claimed that he actually "grew up really poor" (via CNBC). Education + Add. This abandoned high school was converted into a 31-unit apartment building, warn to be especially cautious when investing in dogecoin, lacks the scarcity and technological development. "I can't pass up a good bargain," Contessoto said. "Obviously, it helped that Elon Musk was also a fan of Dogecoin.". How Glauber Contessoto Became Known as the Dogecoin Millionaire. 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. 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. 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. Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. 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. When finalizing the deal, the company asked if he'd prefer to be paid in U.S. dollars or crypto. 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Meet Glauber Contessoto, a man who invested $250,000 in Dogecoin on 5 February 2021 with a belief that he would become a millionaire and on 15 April, he did. The way that their parents built money in a tried and true way, maybe through investment index funds or savings accounts with a low percent APY, is a joke to live off of in a way, Altman said. According to the complaint, a business called EthereumMax paid celebrities to whip up hype about their "Emax" token. 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. 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. Altman charges members $7.77 per month and offers courses ranging in price anywhere from $49 to $1,499. "You risk losing nearly all the money you put in," James Ledbetter, editor of fintech newsletter FIN andCNBC contributor, previously told CNBC Make It. Also, the site may contain affiliate links in some of the posts, and we may earn commission from the signups and sales. As of around 12:00 p.m. EST on Tuesday, his dogecoin holdings are worth around $931,689. Tank Davis Net Worth 2023: How Much Does Tank Davis Make? Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. 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. I STILL BELIEVE IN #DOGECOIN, he said on Twitter. 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. Analysts reveal potential A.I. Dogecoin was invented in 2013 to poke fun at Bitcoin. The top cryptocurrencies by market value, including bitcoin and ether, are plunging on Tuesday amid a sell-off. SlumDoge Millionaire," Glauber Contessoto declares to his hundreds of thousands of followers online. . Is Letmeone dot com a scam or a legit website? Somewarn investors to be especially cautious when investing in dogecoinin particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. Also, I had gone out and preached about those coins being the future. Contessoto is typical of the emerging demographic of crypto investors. 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? I'd be sitting at a profit, and I would be able to just see where the market goes before investing again. He plans to buy more of the digital coin and "hodl" for the long haul. Read the latest news, events, reviews, videos, technical analysis and guides around crypto. 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). I started SuccessTitan to allow everyone to easily learn from the ultra-successful and achieve more in every area of their life. An 85-year Harvard study found the No. 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. The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. 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. "Woo-wee, a bloodbath, right? Read about our full privacy policy here: Privacy Policy. All rights reserved. Two months later, in April, he became a. Though he isn't a financial expert, he's optimistic that dogecoin has already hit bottom. Home / Loyalty / Glauber contessoto net worth. 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 has now turned his attention, Cardano. And somewarn to be especially cautious when investing in dogecoin in particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. He now has more than $800,000 in Doge. His holdings went up in value and touched $2 million. Do Not Sell My Personal Data/Privacy Policy. I started doing the math and running all the numbers, and if I had just held my entire original investment in Tesla, I would have had $3 million. Glauber Contessoto put everything he had into Dogecoin, a highly volatile cryptocurrency that was originally invented as a joke. As of around 12:00 p.m. EST on Tuesday, his dogecoin holdings are worth around $931,689. In one month, he has made $28,000 from social media ads and promotions, which was primarily paid out in dogecoin. ", See Also: HOW TO BUY NON-FUNGIBLE TOKENS (NFTS), The Dogecoin millionaire said he expects NFTs to "be huge this year" and added "the ones found on VeVe will have an edge over other NFT projects given its official licenses with these exclusive collectibles and digital comic books.". HONEST review, Cup Loan Program Application Legit or Scam? And none of what you read here is by any way, an investment advice. Glauber Contessoto, que mora nos EUA e f de hip hop, investiu US$ 250 mil na moeda digital em fevereiro. If I could go back in time, I probably would have taken out $1 million or $500,000. The majority are under 35, and theyre overwhelmingly male, according to Yermack. Last month his holdings touched $2 million. Dogecoin is trading at around 23 cents as of 4:00 p.m. EST on Tuesday, according to CoinMarketCap. Contessoto, who works in a music company, refuses to sell his investment in dogecoin despite losing $167,000 in one day. Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. Gen Z and millennial investors are flocking to buy shares of cryptocoin, such as Bitcoin or Ethereum, with the hopes of winning big. Whats really exciting about crypto is that for the first time in history, we can place a financial value on social capital.. A young Australian tech marketer, Jackson Palmer, co-founded it to mock and satirise the hype about crypto. At current rates, Contessoto is still ahead in terms of net worth. Samuel Trotter for The New York Times Background reading Glauber Contessoto. Courtesy of Glauber Contessoto and Rodrigo Ramos. 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. Now, the price of the meme coin has dropped dramaticallyalong with the rest of the market. No matter who you are, if you bought cryptocurrency in 2021, the chances are you're down right now. Nonetheless, Contessoto's plan remains the same: "Once I hit $10 million, then I'll take out 10%. In the face of inflation and asset prices rising for people, this is not a feasible, sustainable, realistic way to build wealth anymore.. Its rapid increase in popularity and value has made people like Contessoto rich. 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. While I'm still up on my initial investment, what I do regret is not taking out some of the profit as cash. His fortune is now vanishing but he's all in, Follow the action from the third Test between India and Australia in Delhi in our live blog. Its an act of rebellion against traditional methods of investment and business. In July, Contessoto said he bought more Dogecoins worth $5,300 (roughly Rs 3.94 lakhs). 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. 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. Glauber Contessoto is 33 years old at the time of writing this report. "But with gambling, there's regulation involved, the casinos can't just take your money and run away with it. 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