Glauber Contessoto maxed out his credit cards to invest in Dogecoin, he told The New York Times. Altcoins, which typically follow Bitcoin sell-offs, have followed. Courtesy of Glauber Contessoto and Rodrigo Ramos. An 85-year Harvard study found the No. The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice. "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.". At the moment, there are ,00 Bitcoin owners . Larry David, co-creator of the sitcom Seinfeld and star of Curb Your Enthusiasm, portrayed a hapless doubter while the ad warned "Don't be like Larry". * 2022 Insider Inc. and finanzen.net GmbH . Theres a kind of existential nihilism, Altman said. Contessoto 202140.72Contessoto18200 ""dogecoin millionaireContessoto16 Contessoto Contessoto"" . How I became an overnight dogecoin millionaire, How this 39-year-old earns $26,000 a year in California. [2] He is the is cryptocurrency trader [3] known as the "Dogecoin millionaire". In February, when Glauber Contessoto decided to invest his life savings in Dogecoin, his friends had concerns. Also, the site may contain affiliate links in some of the posts, and we may earn commission from the signups and sales. 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. 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. As a teenager, he developed a strong liking for hip-hop music and decided to pursue his career in this direction after school. ", 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. 5.8M subscribers in the CryptoCurrency community. 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. "You risk losing nearly all the money you put in," James Ledbetter, editor of fintech newsletter FIN andCNBC contributor,previously toldCNBC Make It. "So, they literally paid me in dogecoin. 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. . When . He also showed them that he was doubling down, recording himself as he forked out another $US10,000 on Dogecoin. "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. "Woo-wee, a bloodbath, right? However, financial experts are highly skeptical of dogecoin, as well as other cryptocurrencies. I STILL BELIEVE IN #DOGECOIN, he. "They're not all that different. Glauber Contessoto has now turned his attention, Cardano. This financial instability became his driving force to become wealthy and successful. Meet Glauber Contessoto, . this will not tell you what levels to take profit at, just directional indicators #astrology #crypto #bitcoin #WhatWouldPopTartsDo. Last month his holdings touched $2 million. ", "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. In April of 2021, when the value of dogecoin reached an all-time high of $0.72,. While casually browsing Reddit, a post about Dogecoin attracted his attention. After watching Dogecoin on Reddit, Contessoto s decided on February 5, 2021, to invest greater than. 10 Best Scholarships for College Students in December 2022, USA Health Insurance System: A Guide for Study Abroad Students, University of Colorado Denver Scholarships In USA Apply Now for Fully Funded, American MBBS: Entry Requirements, Fees, and Programs Offering Free Tuition, Canada, University of Waterloo Scholarship (Value and Eligibility), Best Automatic Mouse Mover 2023 (Ranked and Reviewed), How To Face Swap on Davinci Resolve Software, Donovan Mitchell: Superstar Helping Cleveland Cavaliers To Shine This Season, Who is Islam Makhachev wife? Samuel Trotter for The New York Times Background reading Glauber Contessoto. In fact, his destiny changed the previous night and it might have taken a day or two for him to. But I feel like that would probably be the most cowardly move that I could ever make. Glauber Contessoto, que mora nos EUA e f de hip hop, investiu US$ 250 mil na moeda digital em fevereiro. Contessoto hopes that his portfolio will be worth a whopping $10 million one day, and then he will convert a tenth of that into fiat. Putting Dogecoin as a better candidate for being the number 1 crypto ahead of Bitcoin and Ethereum. 14.27 on July 22 morning As of around 12:00 p.m. EST on Tuesday, his dogecoin holdings are worth around $931,689. Glauber (born August 5, 1983) is famous for being soccer player. Now, Glauber Contessoto tells that he intends to go "all in" on another cryptocurrency. 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And somewarn to be especially cautious when investing in dogecoin in particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. 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. As a matter of fact, during the dips, he even bought more Dogecoins. 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. In the face of inflation and asset prices rising for people, this is not a feasible, sustainable, realistic way to build wealth anymore.. Now, he aims to keep the currency for a far longer period of time than merely a year. But crypto investor Cooper Turley, 26, said its only a matter of time before alternative currencies are completely mainstream. 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. ", 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.". . "I believe it's one big Ponzi scheme," he told Four Corners. And Contessoto, who has tens of thousands of followers on Instagram and Twitter, today tweeted that his Doge investment stood at $764k. Is Letmeone dot com a scam or a legit website? 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. So I still feel like I was doing the right thing by holding. They are expected to actually play a game, and the odds should be about what they say they are. Save my name, email, and website in this browser for the next time I comment. The majority are under 35, and theyre overwhelmingly male, according to Yermack. Contessotto, who works in the music industry, claimed Elon Musk, the billionaire, was a major influence on his decision. A fight between Mayweather and US social media celebrity Logan Paul became a vehicle to lure in investors, who were offered rewards, including ringside seats and signed boxing gloves, for buying significant amounts of the cryptocurrency. Required fields are marked *. Glauber Contessoto 33 Dogecoin All-in Dogecoin . About two months later, on April 15, he says he became a dogecoin millionaire on paper. He believes in his dog god and no one can tell him otherwise. Contessoto didn't exactly start out as the dogecoin millionaire he's known as today. 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. Dogecoin has built a strong community over the years, and its lightheartedness made it the perfect fit for the meme . Today, Dogecoin was trading at $0.19, a 40% decline in value from last week. The more he held on, the bigger the internet . As Musk ramped it up, that's where Dogecoin headed; Mr Contessoto's gamble paid off. From The Press. However, he is looking forward to growing his brand online. Contessoto has built an online following due to his Dogecoin journey. Life in Loa Angeles was not easy for the Dogecoin millionaire. #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. "I see Dogecoin as more honest about what it actually is," she said. Theyre not so interested in underlying economics, but [rather] the chance of a very rapid, high gain, or a very rapid, sharp loss.. Whatever the truth, it's impossible to escape the hype. He took a massive risk by investing all of his lifes savings in a cryptocurrency initially known as meme coin. Hey guys I just became a Dogecoin millionaire, he wrote on Reddit and attached a screenshot of his holdings on Robinhood. Gotta love the conviction. "It's getting crazy in this crypto market, right? 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.". Some experts have even said that we are now entering a bear market. "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. The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. 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. 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. But Altman said her clients are along for a wild ride. Somewarn investors to be especially cautious when investing in dogecoinin particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. Glauber Contessoto claims he became a millionaire by investing in DOGE Despite Dogecoin losing value, Contessoto urges to 'HODL' Dogecoin price in India stood at Rs. His holdings went up in value and touched $2 million. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6.. 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 can't pass up a good bargain," Contessoto said. It was a meme-fueled cryptocurrency that rose in value in the first half of 2021. She also offers a CryptoCharted newsletter for $20 per month. Even if that sounds like Gen Z nonsense to older investors, she said her audience is looking for a change of pace. "I had no idea how I was going to make money moving forward," he says. BuyBlockchain.net . 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 Dogecoin Millionaire Youtube channel is @thedogecoinmillionaire and he has 66.9K subscribers. "That's about six months salary at my old job," Contessoto says. His portfolio was worth about $831k as of Tuesday 4.40pm EST. He is known on YouTube as The Dogecoin Millionaire and he is known on Instagram as @ProTheDoge. 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. He told Insider that he believes cardano will be "blockchain 3.0" and is buying the ada token. Whats really exciting about crypto is that for the first time in history, we can place a financial value on social capital.. In a videoMr 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. Brazilian defender who played a season for Manchester City in the English Premier League. Gen Z and millennial investors are flocking to buy shares of cryptocoin, such as Bitcoin or Ethereum, with the hopes of winning big. , said in his tweet that he will continue to HODL (a purposeful misspelling of hold). All Rights Reserved. Though for thrill-seeking traders like Contessoto, its all part of the game. "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.". Duckie Thot Net Worth, Height, Bio, Birthday, Wiki. In April 2021, Contessoto told CNBC's "Make It. Home / Loyalty / Glauber contessoto net worth. 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