It's getting sweaty in here; you know what I'm saying?". "Obviously, it helped that Elon Musk was also a fan of Dogecoin.". However, this all changed whenContessoto first learned about dogecoin on Reddit. 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. 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. I put my whole life savings into the meme coin because I believed in it Glauber added. I STILL BELIEVE IN #DOGECOIN, he said on Twitter. "And he posted a picture of a rocket to the moon, Dogecoin to the moon.". What is Maker? Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. "[Musk] tweeted back-to-back like on a rant where he's saying, "Dogecoin is the future, Dogecoin is the people's crypto. According to a tweet Contessoto published, the move comes in . 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 of 2022, Glauber's net worth is $100,000 - $1M. In a tweet in April, he claimed to be the first Dogecoin millionaire of 2021.. In April 2021, Contessoto told CNBC's "Make It. He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin. Glass Onion: Whats the inbreathiate meaning? "So, I figured, okay, this is going to be the next play," he said. Source: Twitter. They gave me half upfront, and the other half when I deliver the video.". The volatility attracts people who like gambling, excitement and so forth, said David Yermack, a professor of finance and business transformation at New York University. Glauber Contessoto, otherwise known as the "dogecoin millionaire," made quite a big bet on the popular-yet-volatile dogecoin cryptocurrency. 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. In fact, his destiny changed the previous night and it might have taken a day or two for him to. All information mentioned in our website is for informational and educational purposes only. We at cryptobullsclub.com use cookies to personalise ads and to analyse our traffic. Net Worth: Relationship: Single Kids: Edit this Information. he told his many online followers in a video. In the same video, he also revealed he's holding about 3.9 million units of dogecoinworth over $550,000. He no longer works at the music company in Los Angeles. Today, Dogecoin was trading at $0.19, a 40% decline in value from last week. We know that Glauber is single at this point. But I still get a lot of hate from people. 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. "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. "I'm a long-term holder, you guys know that, know what I'm saying, diamond hands?" Cryptocurrency gained traction with the emergence of Bitcoin 12 years ago, and has since grown to include more than 10,000 types of coins. He sold $100,000 worth of bitcoin at age 15, founded the teaching platform Botangle (motivated by his poor educational . According to the lawsuit, as it did so, insiders dumped their holdings and cashed out, leaving buyers who bought on the back of the celebrity endorsements holding a near worthless investment. His net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. I enjoy writing about sports news, business, scholarship programs, and movies, among other topics. "I call it the language of the millennials, memes. he said on the video, "and I'm going to keep on holding it.". 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. Your email address will not be published. "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 while speaking to CNBC explained how the Reddit community and Elon Musk inspired his bold decision and how that has paid off. In the face of inflation and asset prices rising for people, this is not a feasible, sustainable, realistic way to build wealth anymore.. On April 15th, it reached a new peak of about $0.45, bringing Contessoto's DOGE holdings to $1,081,441.29. "Until I reach my goal, I'll continue to buy, hold and 'diamond hand' it. But crypto investor Cooper Turley, 26, said its only a matter of time before alternative currencies are completely mainstream. "You risk losing nearly all the money you put in," James Ledbetter, editor of fintech newsletter FIN andCNBC contributor,previously toldCNBC Make It. Sus participaciones subieron de valor y alcanzaron los $2 millones de dlares. Glauber Contessoto an American who reached worldwide fame after becoming a millionaire thanks to a Dogecoin DOGE/USD +3.50% + Free Alerts bet has exclusively shared his next big bet with. 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. Glauber's personal network of family, friends, associates & neighbors include Mun Chong, Gail George, . Glauber Contessoto put everything he had into Dogecoin, a highly volatile cryptocurrency that was originally invented as a joke. I think the guy is a genius, Contessoto said of Musk in aCNBC interview. Dogecoin was invented in 2013 to poke fun at Bitcoin. His portfolio was worth about $831k as of Tuesday 4.40pm EST. "It's getting crazy in this crypto market, right? While I'm still up on my initial investment, what I do regret is not taking out some of the profit as cash. $3 million). In February, when Glauber Contessoto decided to invest his life savings in Dogecoin, his friends had concerns. Get all the top stories from Crypto Bulls Club to keep track. On top of all that, he also went on to liquidate the rest of his owned stock shares as means to go all-out on dogecoin. 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. 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. 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 Contessoto became a cryptocurrency millionaire a little over two months after Elon Musk's tweets caused prices to soar. He believes in his dog god and no one can tell him otherwise. 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. All rights reserved. About two months later, on April 15, he says he became a dogecoin millionaire on paper. 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. 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). "Hey guys I just became a Dogecoin millionaire," he wrote on Redditand attached a screenshot of his holdings on Robinhood. In addition, Contessoto shared in recent a YouTube video that he's selling his own beard cream lineup called the "Diamond Hand." "What's going on guys? Blood in the streets, right?" he told his many online followers in a video. Glauber Contessoto is 33 years old at the time of writing this report. 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. Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. When finalizing the deal, the company asked if he'd prefer to be paid in U.S. dollars or crypto. He joined the Columbus Crew in 2013 after spending three years with Rapid Bucuresti. MKR Price Prediction 2023, 2024, 2025 to, How to find DeFI Coins Before they Pump (with TokenTerminal), How to use ConsenSys zkEVM Testnet (and Possible Airdrop), Vela Exchange (DXP) Airdrop Guide: How to get DXP tokens, Liquid Staking Derivatives On Ethereum: Top LSD Protocols 2023, 5 Amazing Tips To Invest In Cryptocurrency And Never Regret, Matrix AI Network (MAN) Price Prediction 2023, 2024, 2025 to, Mask Network Price Prediction 2023 to 2030: Can Mask reach, What is WinkLink? Contessoto invested over 250,000 in Dogecoin holdings on February 5, and two months later, he later claimed that he became a Dogecoin millionaire. The more he held on, the bigger the internet . Whats really exciting about crypto is that for the first time in history, we can place a financial value on social capital.. He plans to buy more of the digital coin and "hodl" for the long haul. At the time, he considered himself a "technology evangelist" but he now proselytises against cryptocurrency. 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. 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. Contessoto, who works in a music company, refuses to sell his investment in dogecoin despite losing $167,000 in one day. Thanks for contacting us. Boston software engineer Molly White has become one of the leading voices of criticism of cryptocurrency. No matter who you are, if you bought cryptocurrency in 2021, the chances are you're down right now. But for Glauber Contessoto, uncertainty comes along with crypto, and if you dont have the stomach to handle the volatility factor, then perhaps crypto is not made for you. I didn't sell any. 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. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6.. But his risks paid off. HONEST review, Cup Loan Program Application Legit or Scam? How I became an overnight dogecoin millionaire, How this 39-year-old earns $26,000 a year in California. Dogecoin was invented in 2013 to poke fun at Bitcoin. 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. If I dont have a lot to start out with, theres not as much to lose.. Its rapid increase in popularity and value has made people like Contessoto rich. Kardashian's post brought in new investors and pumped up the volume of trading. And the main reason that people invest in cryptocurrency is because they believe that there's a greater fool out there. Now, with dogecoin trading around 17 cents, he continues to buy the dip. 18.9K followers. Since becoming a "dogecoin millionaire" on April 15, Glauber Contessoto has continued to hold rather than sell despite the coin's ups and downs, he tells CNBC Make It. . Glauber's Dogecoin is now worth $323K. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on WhatsApp (Opens in new window). A Division of NBC Universal. Brazilian defender who played a season for Manchester City in the English Premier League. Soon, it was announced that he had become a millionaire. Pero la voltil moneda meme ha cado desde entonces y l ya no es millonario Dogecoin. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6. Glauber Contessoto puso todo su dinero en Dogecoin. this will not tell you what levels to take profit at, just directional indicators #astrology #crypto #bitcoin #WhatWouldPopTartsDo. I've already decided that whatever happens, happens. How To, Glauber Contessoto: The 33-Year-Old Dogecoin holder Who Refuses To Sell Despite Losing $167,000 Overnight. The younger generation is now becoming a lot more aware. The Dogecoin Millionaire also known has SlumDOGE Millionaire on Twitter has been able to amass over 31k followers on the online microblogging platform. "Sugarland Texas, if you guys hold Dogecoin, if you love Dogecoin come out and celebrate with us, we're going to have live music!". Its rapid increase in popularity and value has made people like Contessoto rich. 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. Glauber Contessoto, pictured, invested his life savings in Dogecoin in 2021. ", Investors are mounting big bets against these 2 A.I. Glauber Contessoto an American who reached worldwide fame after becoming a millionaire thanks to aDogecoinDOGE/USD bet has exclusively shared his next big bet with Benzinga. He worked twice his strength to have a place of his own. Investorscould get burned, and in turn, should only invest what they can afford to lose. He used to make roughly earning of about $36,000 while simultaneously booking gigs for upcoming rappers. 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