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. (Full Story) By. Contessoto never doubted DOgecoin, and as a result, his funding in . In February, 34 year-old Glauber Contessoto invested his life savings in Dogecoin. "[Musk] tweeted back-to-back like on a rant where he's saying, "Dogecoin is the future, Dogecoin is the people's crypto. . "Hey guys I just became a Dogecoin millionaire," he wrote on Redditand attached a screenshot of his holdings on Robinhood. "Up until yesterday, I had been a millionaire, if bitcoin and ethereum weren't also [hit], I'd be worried." -Glauber Contessoto, 33 All Rights Reserved. Investorscould get burned, so they should invest only what they can afford to lose. On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. Gotta love the conviction. Glauber Contessoto became a crypto millionaire by buying Dogecoin. They gave me half upfront, and the other half when I deliver the video.". "I call it the language of the millennials, memes. Then I started getting a lot of hate. 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. 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. What is the Producer Michael Woods Net Worth? An 85-year Harvard study found the No. Glauber Contessoto him Glauber Contessoto Tweet. "I'm a long-term holder, you guys know that, know what I'm saying, diamond hands?" Courtesy of Glauber Contessoto and Rodrigo Ramos. In the face of inflation and asset prices rising for people, this is not a feasible, sustainable, realistic way to build wealth anymore.. Life in Loa Angeles was not easy for the Dogecoin millionaire. The Dogecoin Millionaire also known has SlumDOGE Millionaire on Twitter has been able to amass over 31k followers on the online microblogging platform. In April, my investment had risen to over $1 million. Contessoto told CNBC that he grew up poor and that his gain from the meme currency was a huge deal for him. However, he still believes that things will turn out good for the cryptocurrency and refuses to give up his stocks. 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. 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. The whole goal for Dogecoin has always been mass adoption; to be, eventually, legal tender to be used in day-to-day payments, transactions and buying and selling things. 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's Dogecoin is now worth $323K. 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. #DiamondHands this is the way #dogecoin we will rise again, the tweet read. Contessoto invested over 250,000 in Dogecoin holdings on February 5, and two months later, he later claimed that he became a Dogecoin millionaire. 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. Among those is meme-inspired cryptocurrency dogecoin, which is down about 77% since its all-time high of nearly 74 cents in May. (Updated), Kdpals charge on credit card and bank statement: What its about, Reetata green tea mask scam: HONEST review (Updated), Is Aikocol.com a scam or legit? Meanwhile, however, the entire crypto market is suffering at the moment. But I'm still trying to make money, I still need to make a living. As of around 2:50 p.m. EST on Tuesday, his dogecoin holdings were worth $700,217.09. As of around 12:00 p.m. EST on Tuesday, his dogecoin holdings are worth around $931,689. Mr. Contessoto, legally named Jaysn Prolifiq, was born in Brazil. Hoje, tem US$ 2 milhes. Altman charges members $7.77 per month and offers courses ranging in price anywhere from $49 to $1,499. "They were all like, you're crazy," he said. The younger generation is now becoming a lot more aware. "You risk losing nearly all the money you put in," James Ledbetter, editor of fintech newsletter FIN andCNBC contributor,previously toldCNBC Make It. Glauber Contessoto is 33 years old at the time of writing this report. Their extreme volatility is one reason why experts warn that it's a risky, speculative investment. Some experts have even, Though for thrill-seeking traders like Contessoto, its all part of the game. 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% . Now, the price of the meme coin has dropped dramaticallyalong with the rest of the market. "Doge is my savings account," he said. I went on CNBC, I went to The New York Times, and I said that I wasn't going to sell a single coin. When . That was worth more than $7,000 at the time I interviewed them together. I'm still optimistic though. Glauber Contessoto, 33, became a dogecoin millionaire after investing his life savings, $250,000, into the cryptocurrency when it was at $0.045. But as we all know, cryptocurrencies have been undergoing a lull lately. In April 2021, Contessoto told CNBC's "Make It. The leading community for cryptocurrency news, discussion, and analysis. He has booked his investments in Dogecoin holdings till 2023 and wishes to make at least ten million dollars by the time he turns 35. Yermack believes the pandemic only accelerated this trend. His net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. "Woo-wee, a bloodbath, right? Also, I had gone out and preached about those coins being the future. Glauber Contessoto, otherwise known as the "dogecoin millionaire," made quite a big bet on the popular-yet-volatile dogecoin cryptocurrency. At the moment, there are ,00 Bitcoin owners . But Altman said her clients are along for a wild ride. 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. 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. Columbia, MD, is where Glauber Contessoto lives today. MKR Price Prediction 2023, What Is Staking In Cryptocurrency? Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. Glauber Contessoto said that he became a dogecoin millionaire on April 15, 2021. Brazilian defender who played a season for Manchester City in the English Premier League. However, the crypto market is now in the doldrums and has been so after Bitcoin, "the main cryptocurrency" to which all . Dogecoin is trading at around 23 cents as of 4:00 p.m. EST on Tuesday, according to CoinMarketCap. That changed somewhat when I decided to start doing collaborations, sponsorships, ads and promos for other cryptocurrencies and other projects. 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. 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. 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. "That's about six months salary at my old job," Contessoto says. The Los Angeles resident reportedly exhausted all of his personal savings on dogecoin, according to Newsweek. In the following weeks, it went to $2 million, then close to $3 million. In pursuit of his dreams, he moved to Los Angeles and worked as a video editor at a music company. A Division of NBC Universal. "Imagine the influence that she has," Mr Scott said. The difference now is that I feel like it's going to take a lot longer than I had initially expected for these coins to be widely adopted. As for what he's planning to do once he cashes out, he shared he's hoping to start his own record label, with the ultimate goal of ensuring that his mom never has to work again (via Newsweek). Somewarn investors to be especially cautious when investing in dogecoinin particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. Blood in the streets, right?" "I had no idea how I was going to make money moving forward," he says. For now, it would be really convenient for me to completely cash out. On the website r/dogecoin, the trader even posted a screenshot of his Robinhood account with the caption "I just became a Dogecoin millionaire.". Though experts warn against it, "[I'm] all invested in doge," Contessoto says. "It felt like people were being just taken for a ride," she said. Glauber Contessoto, pictured, invested his life savings in Dogecoin in 2021. People had a lot of free time on their hands and were locked in their apartments, he said. Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. 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. Contessoto investeerde naar eigen . About|Contact Us|Terms & Conditions| Privacy Policy. "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. BuyBlockchain.net . 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. But on Monday . Net Worth: Relationship: Single Kids: Edit this Information. . 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. 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. I feel like the war in Ukraine is a big reason. In fact, he claimed that he actually "grew up really poor" (via CNBC). 506 votes, 440 comments. From Formula One to football, there is hardly a sporting code these days that's not sponsored by the cryptocurrency industry. SlumDoge Millionaire," Glauber Contessoto declares to his hundreds of thousands of followers online. 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. He also showed them that he was doubling down, recording himself as he forked out another $US10,000 on Dogecoin. The cryptocurrency, along with many others, has dived in value in recent weeks. Last month his holdings touched $2 million. However, Contessoto had recently lost $167,000 in a day when Dogecoin faced a massive drop in its value. Other people are telling me to stay strong, others sharing their stories. Turley, who lives in Los Angeles and works in crypto strategy at a streaming app, claims hes made millions in the crypto market. So I still feel like I was doing the right thing by holding. Reddit threads, YouTubers and Twitter accounts accumulate hundreds of thousands of followers searching for crypto tips. Blower Repair Pump Repair Engineering Services Replacement Parts. Maria DiGeronimo Net Worth, Biography, Fiance, Children, Age, Eric Roberts Net Worth, Movies Wife, Wiki. Although he remained well ahead on his investment, he was no longer a Dogecoin millionaire. 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. 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. 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. At the time, he considered himself a "technology evangelist" but he now proselytises against cryptocurrency. On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. 5.8M subscribers in the CryptoCurrency community. 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. Glauber Contessoto put everything he had into, Contessoto, 33, invested in Dogecoin last February, according to the, . "And he posted a picture of a rocket to the moon, Dogecoin to the moon.". I started SuccessTitan to allow everyone to easily learn from the ultra-successful and achieve more in every area of their life. As a teenager, he developed a strong liking for hip-hop music and decided to pursue his career in this direction after school. Its an act of rebellion against traditional methods of investment and business. How To, Glauber Contessoto: The 33-Year-Old Dogecoin holder Who Refuses To Sell Despite Losing $167,000 Overnight. Their extreme volatility is one reason experts say that crypto is a risky, speculative investment. Last month his holdings touched $2 million. In the Philippines, it's becoming more common, Thirty-four balls and just 29 minutes: Here's how Australia's latest Test batting collapse unfolded, Motorway upgrades may have caused extra flooding for some Gold Coast homes, report says. 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. 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. Losing A 6-Figure Sum In Dogecoin Worth Within 24 Hours. By May 2021, Glauber Contessoto assets had grown to 2 . ", Despite the dogecoin price today being nowhere near its previous all-time high, the "dogecoin millionaire" still refuses to sell his meme-inspired cryptocurrency. Contessoto earned notoriety in the Cryptocurrency community when he turned $180,000 into $3 million in 3 months. But investor Glauber Contessoto, whose dogecoin holdings previously surpassed a value of $1 million, isn't worried. And none of what you read here is by any way, an investment advice. , said in his tweet that he will continue to HODL (a purposeful misspelling of hold). His holdings went up in value and touched $2 million. Your email address will not be published. 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. Mr Stark is also concerned is that cryptocurrency is facilitating crime. Glauber Contessoto took a big risk on dogecoin, a meme-inspired cryptocurrency that began as a joke, earlier this year. Be especially cautious when investing in dogecoinin particular, since itlacks the scarcity technological. Warn against it, `` [ I 'm still trying to make,. 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