Young people seem to enjoy taking what we would call contrarian positions that bet against the wisdom of Wall Street, Yermack said. Other people are telling me to stay strong, others sharing their stories. Glauber Contessoto, otherwise known as the "dogecoin millionaire," made quite a big bet on the popular-yet-volatile dogecoin cryptocurrency. Glauber Contessoto, 33, invested all of his funds into dogecoin, a meme-inspired cryptocurrency that has seen a significant increase in value this year. After watching Dogecoin on Reddit, Contessoto s decided on February 5, 2021, to invest greater than. But I still get a lot of hate from people. Whats really exciting about crypto is that for the first time in history, we can place a financial value on social capital.. Get all the top stories from Crypto Bulls Club to keep track. Mr Contessoto has the kind of rags to riches tale that has drawn many people to 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. "To our mind, as we alleged in our complaint, it appears to be a classic pump and dump scheme.". Glauber Contessoto while speaking to CNBC explained how the Reddit community and Elon Musk inspired his bold decision and how that has paid off. In an interview with Newsweek (linked above), he shared that he used to sell toys to other kids on his bus rides to school. "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.". I feel like the war in Ukraine is a big reason. I'm here for the long run, and if the ship goes down, I'm going down with the ship. This financial instability became his driving force to become wealthy and successful. Is Testerbuzz.com amazon product tester a scam or legit? Would-be Dogecoin millionaire Glauber Contessoto is convinced that DOGE is a HODL even after the crypto token's price crashed further this week. Your email address will not be published. "I had no idea how I was going to make money moving forward," he says. Contessoto has built an online following due to his Dogecoin journey. Contessoto, 33, invested in Dogecoin last February, according to the New York Times report. So I still feel like I was doing the right thing by holding. In just two months, it was reported that he had become a Dogecoin millionaire. But the volatile meme coin has since dippedand hes no longer a Dogecoin millionaire. [4] References [ edit] Locke, Taylor (2021-07-06). Some might argue - time will tell. I started SuccessTitan to allow everyone to easily learn from the ultra-successful and achieve more in every area of their life. 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. Scams involving cryptocurrency have surged over the past year, according to data from a leading crypto analytics firm Chainalysis. 14.27 on July 22 morning This makes it more volatile than the stock market, which experts say is part of the appeal for up-and-coming investors who dont have to worry about, say, saving for retirement any time soon. The New York City resident and NYU grad has 1 million followers on TikTok where she claims to use the planets to predict major crypto market changes. Nonetheless, Contessoto's plan remains the same: "Once I hit $10 million, then I'll take out 10%. 506 votes, 440 comments. "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 invested his life savings in dogecoin and became a millionaire. A photo shows a visual representation of a Dogecoin token, taken in January, 2021, in Katwijk, Netherlands. Glauber (born August 5, 1983) is famous for being soccer player. Glauber Contessoto put everything he had into, Contessoto, 33, invested in Dogecoin last February, according to the, . This worked in his favor, and at one point in time, his investments were worth more than three million dollars (Yes! From Formula One to football, there is hardly a sporting code these days that's not sponsored by the cryptocurrency industry. 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. Glauber Contessoto, 34, lives in Las Vegas, Nevada. At the same time, with my most recent YouTube videos, I've been getting a lot of support. (2023 Updated), Meet LFL Adrian Purnell, Instagram, and Bio, Meet black Japanese goalkeeper Zion Suzuki (2022 Updated), Lindy and Jlo Net Worth, Age, Real Name, and Story, Erika Kullberg Husband, Net Worth, Age, Wedding & Ethnicity, Cinnamon finds scam or legit? In a tweet in April, he claimed to be the "first Dogecoin millionaire of 2021." Glauber Contessoto, a music company employee plunged his entire $180,000 savings into Dogecoin in February. 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. Save my name, email, and website in this browser for the next time I comment. Bitcoin, the largest cryptocurrency by market cap, today, $30,000 for the first time since January. People are just on the side lines asking: "When do we jump in?". "But with gambling, there's regulation involved, the casinos can't just take your money and run away with it. About two months later, on April 15, he says he became a dogecoin millionaire on paper. Glauber Contessoto took a big risk on dogecoin, a meme-inspired cryptocurrency that began as a joke, earlier this year. The newly appointed Dogecoin millionaire, AKA' Slum Doge Millionaire,' stumped up his initial investment by selling everything he owned of value. If I could go back in time, I probably would have taken out $1 million or $500,000. And somewarn to be especially cautious when investing in dogecoin in particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. Up until yesterday, I had been a millionaire, if bitcoin and ethereum werent also [hit], Id be worried.. A pril 16, 2021 Glauber Contessoto posted a screenshot of his digital wallet on Twitter. Depending on what happens in the coming months, he believes the price could rise. 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. 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. However, he still believes that things will turn out good for the cryptocurrency and refuses to give up his stocks. (He could have sniped back by reminding them hes still up 3X on his investment.). Then I started getting a lot of hate. The majority are under 35, and theyre overwhelmingly male, according to Yermack. "Sugarland Texas, if you guys hold Dogecoin, if you love Dogecoin come out and celebrate with us, we're going to have live music!". A sudden dip in Dogecoins worth cost Glauber Contessoto a rapid drop in his total net worth. "And he posted a picture of a rocket to the moon, Dogecoin to the moon.". Glauber Contessoto is 33 years old at the time of writing this report. "Up until yesterday, I had been a millionaire, if bitcoin and ethereum weren't also [hit], I'd be worried." -Glauber Contessoto, 33 WIN Price Prediction 2023, 2024, 2025 till. However, this all changed whenContessoto first learned about dogecoin on Reddit. Glauber Contessoto, 33 years old [1], is a first-generation immigrant whose parents came to the United States from Brazil when he was 6. Glauber Contessoto has now turned his attention, Cardano. It's getting sweaty in here; you know what I'm saying?". He's hopeful it will hit $1 by the end of the year. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6. Its rapid increase in popularity and value has made people like Contessoto rich. As of around 12:00 p.m. EST on Tuesday, his dogecoin holdings are worth around $931,689. 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). But investor Glauber Contessoto, whose dogecoin holdings previously surpassed a value of $1 million, isn't worried. So far, her record is a bit uneven. Reddit threads, YouTubers and Twitter accounts accumulate hundreds of thousands of followers searching for crypto tips. The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. After covering all of his bills, including rent, food and other expenses, Contessoto plans to continue to invest as much as he can in dogecoin. Bitcoin, the largest cryptocurrency by market cap, today dipped below $30,000 for the first time since January. He also showed them that he was doubling down, recording himself as he forked out another $US10,000 on Dogecoin. However, he was familiar with cryptocurrency but was highly fascinated with its marketing strategy. As a child, he saw his parents struggling to make ends meet. At the moment, there are ,00 Bitcoin owners . MKR Price Prediction 2023, What Is Staking In Cryptocurrency? When . The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. "Fortune favours the brave," actor Matt Damon opined. IF I CAN HODL YOU CAN HODL!!! Glass Onion: Whats the Pisceshite Island? In the same video, he also revealed he's holding about 3.9 million units of dogecoinworth over $550,000. Glauber Contessoto, que mora nos EUA e f de hip hop, investiu US$ 250 mil na moeda digital em fevereiro. 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.. 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. Now, with dogecoin trading around 17 cents, he continues to buy the dip. Glass Onion: Whats the inbreathiate meaning? As a teenager, he developed a strong liking for hip-hop music and decided to pursue his career in this direction after school. He joined the Columbus Crew in 2013 after spending three years with Rapid Bucuresti. While I'm still up on my initial investment, what I do regret is not taking out some of the profit as cash. he said on the video, "and I'm going to keep on holding it.". 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. "It's a joke coin. When Four Corners caught up with him, he was making a video promoting "Doge-apalooza", a festival dedicated to Dogecoin. About|Contact Us|Terms & Conditions| Privacy Policy. Courtesy of Glauber Contessoto and Rodrigo Ramos. 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. Gotta love the conviction. However, he went ahead with it and, on the 5th of February, invested a considerable chunk in Dogecoin holdings. . "That's about six months salary at my old job," Contessoto says. 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. 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.". But Altman said her clients are along for a wild ride. Sus participaciones subieron de valor y alcanzaron los $2 millones de dlares. A young Australian tech marketer, Jackson Palmer, co-founded it to mock and satirise the hype about crypto. Glauber Contessoto said that he became a dogecoin millionaire on April 15, 2021. 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. The younger generations dont think so. The coin hit 16 cents Tuesday morning before inching up to 17 cents. 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. In April of 2021, when the value of dogecoin reached an all-time high of $0.72,. She had considered crypto and the blockchain technology on which it's built of marginal interest, until she noticed, and began to chronicle, the number of scams, hacks and frauds being perpetratedin the crypto sphere. Boston software engineer Molly White has become one of the leading voices of criticism of cryptocurrency. Contessoto didn't exactly start out as the dogecoin millionaire he's known as today. Glauber Contessoto, 33, became a 'dogecoin millionaire' after investing his life savings, or $250,000, into the cryptocurrency. From The Press. Turley, who lives in Los Angeles and works in crypto strategy at a streaming app, claims hes made millions in the crypto market. As a matter of fact, during the dips, he even bought more Dogecoins. Better still, don't spend it at all - save it instead. Mr Scott describes it as a cryptocurrency version of an old-style stock market manipulationtailored to the zeitgeist. 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