"I see Dogecoin as more honest about what it actually is," she said. #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. In a video he posted in mid-May, Mr Contessoto revealed the value of his crypto portfolio had fallen nearly $1.8 million in a year but he had still made $281,000 on his investment. In a YouTube video, he explained why he bought the joke money, and two months later, he announced his new millionaire status on the Dogecoin subreddit. 82 posts. Yesterday, he announced to the Reddit community that he is now a Crypto millionaire. In a tweet in April, he claimed to be the "first Dogecoin millionaire of 2021." "I had no idea how I was going to make money moving forward," he says. Courtesy of Glauber Contessoto and Rodrigo Ramos. 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. Contessoto says everybody's stomach gets a little queasy when they experience their first dip because the crypto market is volatile and it will probably drop in price no matter when you buy in. Glauber Contessoto, 33, became a 'dogecoin millionaire' after investing his life savings, or $250,000, into the cryptocurrency. He's hopeful it will hit $1 by the end of the year. 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. 14.27 on July 22 morning 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. As of around 12:00 p.m. EST on Tuesday, his dogecoin holdings are worth around $931,689. Blood in the streets, right?" he told his many online followers in a video. Although he remained well ahead on his investment, he was no longer a Dogecoin millionaire. In an interview, he said that many of his friends tried to talk him out of it. 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. On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. To keep up with his growing "dogecoin millionaire" brand online, Contessoto also quit his day job at a music company in Los Angeles in June. Would-be Dogecoin millionaire Glauber Contessoto is convinced that DOGE is a HODL even after the crypto token's price crashed further this week. Required fields are marked *. The 33-year old crypto enthusiast put everything at stake but soon got remunerated as Dogecoins worth increased during the first half of 2021. All rights reserved. Glauber Contessoto, 34, lives in Las Vegas, Nevada. His portfolio was worth about $831k as of Tuesday 4.40pm EST. Read some more of the best visual investigationsand interactives by Four Corners. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 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. I STILL BELIEVE IN #DOGECOIN, he. "Day afterday after day, it was like, one scam, one day, two hacks the next day.". 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. 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. In #Dogecoin. He flew to the United States at the age of 6 with his family and resided in Suburban, Maryland. But investor Glauber Contessoto, whose dogecoin holdings previously surpassed a value of $1 million, isn't worried. Glauber Contessoto Reddit account is iUsedToCallDogeDodge. "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. Keeping up with his initial plan, Contessoto will sell around 10% of his holdings when his portfolio gets as far as a $10 million value, and the rest 90% will be left as it is- invested. he told his many online followers in a video. Is Testerbuzz.com amazon product tester a scam or legit? He sold $100,000 worth of bitcoin at age 15, founded the teaching platform Botangle (motivated by his poor educational . At the moment, there are ,00 Bitcoin owners . The leading community for cryptocurrency news, discussion, and analysis. At current rates, Contessoto is still ahead in terms of net worth. Source: TradingView.com. uses and the stocks to play it. At. (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? 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. 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. 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. . Glauber Contessoto Instagram (IG) is @prothedoge. Glauber Contessoto has now turned his attention, Cardano. We at cryptobullsclub.com use cookies to personalise ads and to analyse our traffic. Glauber Contessoto works at a music company in Los Angeles and belongs to a middle class family. Hes convinced that the next corporate juggernauts the future Apples and Googles of the world are going to be crypto-based, with younger leaders spearheading new ways to reach potential consumers. "It's getting crazy in this crypto market, right? Last month his holdings touched $2 million. "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.". And he still hasn't sold any. However, he is looking forward to growing his brand online. However, financial experts are highlyskeptical of dogecoin, as well as other cryptocurrencies. 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. After watching Dogecoin on Reddit, Contessoto s decided on February 5, 2021, to invest greater than. 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). However, the crypto market is now in the doldrums and has been so after Bitcoin, "the main cryptocurrency" to which all . Altman charges members $7.77 per month and offers courses ranging in price anywhere from $49 to $1,499. HONEST review, Boughloaf.com treadmill & other products are scams: HONEST review. Then I started getting a lot of hate. Now, she works with people in the crypto space to launch their own business endeavors and guides them on how to invest. In July, Contessoto said he bought more Dogecoins worth $5,300 (roughly Rs 3.94 lakhs). Mr Contessoto has the kind of rags to riches tale that has drawn many people to cryptocurrency. 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. he said on the video, "and I'm going to keep on holding it.". From Formula One to football, there is hardly a sporting code these days that's not sponsored by the cryptocurrency industry. As to why Dogecoin and cryptocurrency is in its current state? She also offers a CryptoCharted newsletter for $20 per month. admin - May 27, 2021 . But Altman said her clients are along for a wild ride. Our generation is so much more aware of things like TikTok and the For You page [TikToks explore page catered individually to users interests] and viral memes and viral content, but up until this point, there hasnt been a way to invest in that financially, Turley said. He believes in his dog god and no one can tell him otherwise. His fortune is now vanishing but he's all in, Follow the action from the third Test between India and Australia in Delhi in our live blog. #DiamondHands this is the way #dogecoin we will rise again, the tweet read. [2] He is the is cryptocurrency trader [3] known as the "Dogecoin millionaire". Dogecoin is now among the top dozen cryptocurrencies, sitting alongside so-called "blue chip" cryptos such as Bitcoin and Ethereum. Hoje, tem US$ 2 milhes. Space to play or pause, M to mute, left and right arrows to seek, up and down arrows for volume. 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. 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. This volatility is why experts warn that Crypto . Get all the top stories from Crypto Bulls Club to keep track. A rash . 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. Whatever Happened To The Dogecoin Millionaire. 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. 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. BuyBlockchain.net . People are just on the side lines asking: "When do we jump in?". Altcoins, which typically follow Bitcoin sell-offs, have followed. 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. 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. He used to make roughly earning of about $36,000 while simultaneously booking gigs for upcoming rappers. . Some say cryptocurrency is the future of money, and the technology it's built on is destined to revolutionise the internet and the society. 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. Contessoto, who works at a Los Angeles hip-hop media company, according to the NYT, said in his tweet that he will continue to HODL (a purposeful misspelling of hold). I'm still optimistic though. Four months earlier, when he bought in, Dogecoin was priced at around 4.5 cents. "What's going on guys? In April of 2021, when the value of dogecoin reached an all-time high of $0.72,. On April 15th, it reached a new peak of about $0.45, bringing Contessoto's DOGE holdings to $1,081,441.29. If I made $3 million on Tesla, nobody would care, but they do care about the dude who turned $188,000 into $3 million with a cryptocurrency featuring a dog meme. "And he posted a picture of a rocket to the moon, Dogecoin to the moon.". He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin.. And right arrows to seek, up and down arrows for volume an,. 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