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. "So, they literally paid me in dogecoin. . 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. He flew to the United States at the age of 6 with his family and resided in Suburban, Maryland. He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin.. Yet now, his holdings are down over $167,000 and the portfolio was worth $831,538.88. The younger generation is now becoming a lot more aware. "It has no underlying intrinsic value. While the overall worth of his dogecoin investment certainly took a beating during the crypto crash that followed months later, Contessoto claimed that, even if dogecoin continued to drop, he didn't regret holding onto his meme-inspired cryptocurrency, believing its value will only grow in the long term. Altcoins, which typically follow Bitcoin sell-offs, have followed. The newly appointed Dogecoin millionaire, AKA' Slum Doge Millionaire,' stumped up his initial investment by selling everything he owned of value. Everything is just bad right now. 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. "Doge is my savings account.". He believes in his dog god and no one can tell him otherwise. stocks, Salesforce results give CEO Benioff breathing room', Fast Money trader Steve Grasso said, Is ChatGPT the tip of the iceberg? 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. 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. "To our mind, as we alleged in our complaint, it appears to be a classic pump and dump scheme.". "It made sense to me to invest in Dogecoin because it's the very first time you have a meme and a cryptocurrency paired together," he said. Glauber Contessoto's dogecoin holdings on Robinhood as of July 20 at 2:50 p.m. EST. Since then I have kept every single coin. Blower Repair Pump Repair Engineering Services Replacement Parts. When I'm not creating content, I'm most often playing chess. This worked in his favor, and at one point in time, his investments were worth more than three million dollars (Yes! All Rights Reserved. WIN Price Prediction 2023, 2024, 2025 till. . 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. But the volatile meme coin has since dippedand hes no longer a Dogecoin millionaire. Contessoto was intrigued by dogecoin for a few reasons. Last month his holdings touched $2 million. 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. She also offers a CryptoCharted newsletter for $20 per month. I feel like when the next cryptocurrency bull run happens, everyone will have a cryptocurrency wallet ready. We're also seeing murmurs of a recession coming up soon. So in 2019, he started investing in renowned companies like Uber and Tesla on Robinhood, which is a commission-free trading app. So far, her record is a bit uneven. And somewarn to be especially cautious when investing in dogecoin in particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. The leading community for cryptocurrency news, discussion, and analysis. He's hopeful it will hit $1 by the end of the year. Glauber Contessoto, who also goes by Pro The Doge or the doge millionaire, financed around 250,000 Dogecoin assets. "I had no idea how I was going to make money moving forward," he says. Some experts have even said that we are now entering a bear market. Glauber Contessoto, pictured, invested his life savings in Dogecoin in 2021. I STILL BELIEVE IN #DOGECOIN, he said on Twitter. 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. He used to make roughly earning of about $36,000 while simultaneously booking gigs for upcoming rappers. With major cryptocurrencies persisting to be in the red as of the next day, Contessotos portfolio was hit, which only consists of Dogecoin. Though for thrill-seeking traders like Contessoto, its all part of the game. "[Musk] tweeted back-to-back like on a rant where he's saying, "Dogecoin is the future, Dogecoin is the people's crypto. 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). Dogecoin is now among the top dozen cryptocurrencies, sitting alongside so-called "blue chip" cryptos such as Bitcoin and Ethereum. 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. Investorscould get burned, and in turn, should only invest what they can afford to lose. 506 votes, 440 comments. An 85-year Harvard study found the No. The cryptocurrency, along with many others, has dived in value in recent weeks. All views expressed in this article are the author's own. CNBC had featured the DOGE millionaire a couple of times after the meme-themed digital asset set a new peak price of $0.74 in early May this year, and his Dogecoin became valued at more than $2m. 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. 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.. Today, Dogecoin was trading at $0.19, a 40% decline in value from last week. An 85-year Harvard study found the No. #DiamondHands this is the way #dogecoin we will rise again.. pic.twitter.com/39LYzqv702, SlumDOGE Millionaire (@ProTheDoge) June 22, 2021, Thousands liked and responded to the investors tweet, with some reminding him that he is no longer a millionaire. A rash . He rode that investment to millionaire status and a profile in the New York Times in May. 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? As a child, he saw his parents struggling to make ends meet. Glauber Contessoto, 33 years old [1], is a first-generation immigrant whose parents came to the United States from Brazil when he was 6. We know that Glauber is single at this point. 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. Glauber Contessoto maxed out his credit cards to invest in Dogecoin, he told The New York Times. Whatever the truth, it's impossible to escape the hype. Glauber Contessoto, who is also known as 'Dogecoin millionaire', became famous after sharing his Dogecoin portfolio on Reddit. Young people seem to enjoy taking what we would call contrarian positions that bet against the wisdom of Wall Street, Yermack said. But crypto investor Cooper Turley, 26, said its only a matter of time before alternative currencies are completely mainstream. Brandy Watts: Woman shot to death in Greater Grand Crossing, Nikita Cannady: Memphis daycare owner accused of PPP loan fraud, buys a Rolls Royce, Clarice Alexander: Mother of 7 Shot dead by an alleged stalker, Darion Minter: Man, 28, shot to death in Pullman Neighborhood, Chicago, Parisi charge on credit card and bank statement: What its about, Best Electronic Notebook 2023 (Top Picks), Choosing The Best Truck Wreck Lawyers in 2023, Choosing The Best 18 Wheeler Accident Lawyer and Firms In 2023, 5 Best Face Swap Video Editor Software For PC 2023 (Updated), The Smart Practices To Increase Motivation Among Employees, Wise 188-890 charge on Truist credit card: You are not alone, OF London charge on credit card and bank statement: What its about. Mr Contessoto initially backed his hunch about Dogecoin with a small investment. "What's going on guys? He sold $100,000 worth of bitcoin at age 15, founded the teaching platform Botangle (motivated by his poor educational . he told his many online followers in a video. As of around 2:50 p.m. EST on Tuesday, his dogecoin holdings were. This service may include material from Agence France-Presse (AFP), APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and cannot be reproduced. "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.". Amid the rout, Mr Contessoto was counting the cost. Tank Davis Net Worth 2023: How Much Does Tank Davis Make? 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). This volatility is why experts warn that Crypto . Glauber Contessoto says that he invested over $250,000 in dogecoin on Feb. 5 with a belief that he'd become a millionaire and on April 15, he did. 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). In the following weeks, it went to $2 million, then close to $3 million. The irony of all this is that Dogecoin was meant to be a joke. Home / Loyalty / Glauber contessoto net worth. Still, Contessoto, just like many big bulls, remains extremely optimistic about Dogecoin, although he isnt presently a millionaire by Dogecoin on paper. Glauber Contessoto has now turned his attention, Cardano. HONEST review, Cup Loan Program Application Legit or Scam? I think the guy is a genius, Contessoto said of Musk in aCNBC interview. According to the complaint, a business called EthereumMax paid celebrities to whip up hype about their "Emax" token. Though he isn't a financial expert, he's optimistic that dogecoin has already hit bottom. "It felt like people were being just taken for a ride," she said. admin - May 27, 2021 . We've received your submission. Contessoto never doubted DOgecoin, and as a result, his funding in . Altcoins, which typically follow Bitcoin sell-offs, have followed. And he still hasn't sold any. 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. 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. Is Letmeone dot com a scam or a legit website? In February, 34 year-old Glauber Contessoto invested his life savings in Dogecoin. 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. 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. He has 11k followers at the time of writing this report. ", 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. 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. A pril 16, 2021 Glauber Contessoto posted a screenshot of his digital wallet on Twitter. The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. IF I CAN HODL YOU CAN HODL!!! The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. (Updated). 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. 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 a tweet in April, he claimed to be the "first Dogecoin millionaire of 2021." "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. Courtesy of Glauber Contessoto and Rodrigo Ramos. 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. Source: Twitter. In July, Contessoto said he bought more Dogecoins worth $5,300 (roughly Rs 3.94 lakhs). Glauber Contessoto, que mora nos EUA e f de hip hop . Please learn about the complete disclosure here: Disclosure. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6. It was a meme-fueled cryptocurrency that rose in value in the first half of 2021. From The Press. Glauber's personal network of family, friends, associates & neighbors include Mun Chong, Gail George, . He earns a little bit of money from selling merch on his website, but his main focus is developing his social media presence. Required fields are marked *. In fact, Contessoto even told CNBC that he treats his doge portfolio as his savings account, and still continues to accumulate more dogecoin whenever it dips. Your email address will not be published. Glauber Contessoto Instagram (IG) is @prothedoge. Altman charges members $7.77 per month and offers courses ranging in price anywhere from $49 to $1,499. 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. While casually browsing Reddit, a post about Dogecoin attracted his attention. The 33-year-old tells CNBC Make It that he decided to invest in Dogecoin after learning about it on Reddit. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6.. He said that young investors also appreciate that crypto feels a little bit renegade. Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. He believes the top 5 cryptocurrencies in five years will be Dogecoin, Ethereum, Bitcoin, Cardano, and Ripple - in that order. "Woo-wee, a bloodbath, right? Join the tribe of 1000+ members now. Some might argue - time will tell. All of those things are now a lot easier to do because of cryptocurrency.". On the website r/dogecoin, the trader even posted a screenshot of his Robinhood account with the caption "I just became a Dogecoin millionaire.". Blood in the streets, right?" ", "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. However, he is looking forward to growing his brand online. Contessoto has built an online following due to his Dogecoin journey. Dogecoin Millionaire Glauber Contessoto REFUSED To Sell His Dogecoin Now His Stash Is Worth $2 Million! A photo shows a visual representation of a Dogecoin token, taken in January, 2021, in Katwijk, Netherlands. Better still, don't spend it at all - save it instead. The coin hit 16 cents Tuesday morning before inching up to 17 cents. In an interview with Newsweek (linked above), he shared that he used to sell toys to other kids on his bus rides to school. "I believe it's one big Ponzi scheme," he told Four Corners. According to the Benzinga report, Contessoto feels Dogecoin will "be every newcomers' bridge" into cryptocurrency in the years to come. I've been passionate about self-development and always loved to read biographies. 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. Contessoto is typical of the emerging demographic of crypto investors. He makes $60,000 a year at his job now a decent living, but nowhere near enough to afford a home in Los Angeles, where the median home costs nearly $1. Since then, Contessoto hasrefused to sell, despite dogecoin'sups and downs. Glauber Contessoto said that he became a dogecoin millionaire on April 15, 2021. 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. 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. Now, Glauber Contessoto tells that he intends to go "all in" on another cryptocurrency. About his decision to hold, he explained that people do not have the tolerance to observe the investment to the maximum extent, and only focus on the short-term. 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