If I could go back in time, I probably would have taken out $1 million or $500,000. In July, Contessoto said he bought more Dogecoins worth $5,300 (roughly Rs 3.94 lakhs). Glauber's Dogecoin is now worth $323K. According to CoinMarketCap, Dogecoin is at the moment trading at around $0.2191, with a market value of over $28 billion. But fast forward to today and the cryptocurrency is the seventh-most valuable out there, with a market cap of over $25 billion. "You just gotta zoom out and chill," Contessoto, 33, told CNBC Make It. Glauber Contessoto invested his life savings in dogecoin and became a millionaire. 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% . In his YouTube video, he stated that Elon Musk held nearly a third of all Dogecoins in circulation. Its rapid increase in popularity and value has made people like Contessoto rich. Dogecoin is currently worth around $0.23, down . 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. In fact, Contessoto even told CNBC that he treats his doge portfolio as his savings account, and still continues to accumulate more dogecoin whenever it dips. Is cryptocurrency financial kryptonite? The majority are under 35, and theyre overwhelmingly male, according to Yermack. No matter who you are, if you bought cryptocurrency in 2021, the chances are you're down right now. Some might argue - time will tell. We at cryptobullsclub.com use cookies to personalise ads and to analyse our traffic. But despite the surge in value of the coin, rising more than 12,000% from January to its peak in May, Contessoto didnt cash out. Putting Dogecoin as a better candidate for being the number 1 crypto ahead of Bitcoin and Ethereum. "I see Dogecoin as more honest about what it actually is," she said. IF I CAN HODL YOU CAN HODL!!! Glauber Contessoto says that on April 15 at 6:00 p.m. PDT, he became a dogecoin millionaire. He is known on YouTube as The Dogecoin Millionaire and he is known on Instagram as @ProTheDoge. , said in his tweet that he will continue to HODL (a purposeful misspelling of hold). Courtesy Glauber Contessoto. He said that he strongly believed in Dogecoins potential and that it could help him build wealth to pass on to his family. "So, they literally paid me in dogecoin. But his risks paid off. On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. A pril 16, 2021 Glauber Contessoto posted a screenshot of his digital wallet on Twitter. I've been passionate about self-development and always loved to read biographies. Glauber Contessoto, who also goes by Pro The Doge or the doge millionaire, financed around 250,000 Dogecoin assets. Its an act of rebellion against traditional methods of investment and business. 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Contessoto never doubted DOgecoin, and as a result, his funding in . Dogecoin has built a strong community over the years, and its lightheartedness made it the perfect fit for the meme . Pro the Doge here, A.K.A. 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. 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). As a teenager, he developed a strong liking for hip-hop music and decided to pursue his career in this direction after school. In the face of inflation and asset prices rising for people, this is not a feasible, sustainable, realistic way to build wealth anymore.. Still, Contessoto, just like many big bulls, remains extremely optimistic about Dogecoin, although he isnt presently a millionaire by Dogecoin on paper. Cryptocurrency gained traction with the emergence of Bitcoin 12 years ago, and has since grown to include more than 10,000 types of coins. When Four Corners caught up with him, he was making a video promoting "Doge-apalooza", a festival dedicated to Dogecoin. Cryptocurrency which is a type of digital file that can be used as money, based on blockchain technology is not controlled by any centralized entity or government, and is nearly impossible to trace. The developers behind the coin wanted to make a silly cryptocurrency with no real valueand even based its image on a popular internet. 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. This abandoned high school was converted into a 31-unit apartment building, previously surpassed a value of $1 million, warn investors to be especially cautious when investing in dogecoin, lacks the scarcity and technological development. On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. Now, the price of the meme coin has dropped dramaticallyalong with the rest of the market. [4] References [ edit] Locke, Taylor (2021-07-06). I can't sit here saying "I'm gonna hold forever" and then bail as soon as it gets a little tight. On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. At the same time, with my most recent YouTube videos, I've been getting a lot of support. A dollar invested in Dogecoin on Jan. 1 would be worth $203 today much more than a comparable investment in . In a tweet in April, he claimed to be the "first Dogecoin millionaire of 2021." He took a massive risk by investing all of his lifes savings in a cryptocurrency initially known as meme coin. [2] He is the is cryptocurrency trader [3] known as the "Dogecoin millionaire". he told his many online followers in a video. As the New York Times magazine reports, Glauber Contessoto, 33 years old, made his initial investment in the blockchain technology in February 2020. Maren Altman, 22, has reached full-blown influencer status by billing herself as a crypto astrologist.. WIN Price Prediction 2023, 2024, 2025 till. As of around 2:50 p.m. EST on Tuesday, his dogecoin holdings were. Contessoto has built an online following due to his Dogecoin journey. stocks, Salesforce results give CEO Benioff breathing room', Fast Money trader Steve Grasso said, Is ChatGPT the tip of the iceberg? Contessoto told CNBC that he grew up poor and that his gain from the meme currency was a huge deal for him. Hoje, tem US$ 2 milhes. Net Worth: Relationship: Single Kids: Edit this Information. 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 felt like I would have done more harm than good if I was to just sell out my position and abandon the community and just say "peace out guys" and leave everybody holding the bags. We're also seeing murmurs of a recession coming up soon. Between hissavings and borrowed funds, Contessoto said, heinvested over $250,000 in dogecoinon Feb. 5 when it was priced at about 4.5 cents. HONEST review, Cup Loan Program Application Legit or Scam? So I still feel like I was doing the right thing by holding. Would-be Dogecoin millionaire Glauber Contessoto is convinced that DOGE is a HODL even after the crypto token's price crashed further this week. Glauber Contessoto said that he became a dogecoin millionaire on April 15, 2021. Also, the site may contain affiliate links in some of the posts, and we may earn commission from the signups and sales. Yesterday, he announced to the Reddit community that he is now a Crypto millionaire. Glass Onion: Whats the Pisceshite Island? Mr Scott describes it as a cryptocurrency version of an old-style stock market manipulationtailored to the zeitgeist. "Doge is my savings account," he said. But crypto investor Cooper Turley, 26, said its only a matter of time before alternative currencies are completely mainstream. . 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. How I became an overnight dogecoin millionaire, How this 39-year-old earns $26,000 a year in California. Follow. (Updated). 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I've already decided that whatever happens, happens. Between his savings and borrowed funds, Contessoto says that heinvested over $250,000 in dogecoinon February 5 when it was priced at about 4.5 cents. "Of course, I said dogecoin," he says. I'm here for the long run, and if the ship goes down, I'm going down with the ship. Life in Loa Angeles was not easy for the Dogecoin millionaire. In April 2021, Contessoto told CNBC's "Make It. Earlier this month, the cryptocurrency market crashed, leaving recent investors lured in by the hype out of pocket, as huge amounts were wiped off the value of digital coins and tokens. Glauber Contessoto is a crypto trader who rose to fame as a Dogecoin millionaire. All Rights Reserved. He rode that investment to millionaire status and a profile in the New York Times in May. 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. 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. "What's going on guys? 506 votes, 440 comments. Nicoll today updated his followers on Twitter on the teams progress, to which Musk responded: This is an important improvement.. Glauber Contessoto, 34, lives in Las Vegas, Nevada. 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? Read about our full privacy policy here: Privacy Policy. At current rates, Contessoto is still ahead in terms of net worth. However, Contessoto had recently lost $167,000 in a day when Dogecoin faced a massive drop in its value. "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. 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. Ms White is concerned about the way cryptocurrency is being marketed to people who are neither tech savvy nor sophisticated investors able to understand the risks they're exposed to. Their extreme volatility is one reason experts say that crypto is a risky, speculative investment. "The insiders sold their tokens, made money, when it was all said and done, those people who bought on the good news and on the news that was being spread by the promoters, suffered extraordinary losses," said Mr Scott. She accurately predicted Januarys market correction, but then wrongly foresaw a bull market in May. A Division of NBC Universal. Even now, he dismisses the idea of selling. The developers behind the coin wanted to make a silly cryptocurrency with no real valueand even based its image on a popular internet meme. After its boost, Dogecoins price kept on fluctuating, but Contessoto remained optimistic and was quite confident in holding for the long-term. 14.27 on July 22 morning Dogecoin is trading at around 23 cents as of 4:00 p.m. EST on Tuesday, according to CoinMarketCap. He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin. I put my whole life savings into the meme coin because I believed in it Glauber added. Whats Quick card san diego charge on credit card? He flew to the United States at the age of 6 with his family and resided in Suburban, Maryland. Blood in the streets, right?" What is the Producer Michael Woods Net Worth? One of the developers behind the cryptocurrency, Ross Nicoll, even told Decrypt 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. Yermack believes the pandemic only accelerated this trend. Some say cryptocurrency is the future of money, and the technology it's built on is destined to revolutionise the internet and the society. I feel like the war in Ukraine is a big reason. 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. Contessoto, 33, invested in Dogecoin last February, according to the New York Times report. While the overall worth of his dogecoin investment certainly took a beating during the crypto crash that followed months later, Contessoto claimed that, even if dogecoin continued to drop, he didn't regret holding onto his meme-inspired cryptocurrency, believing its value will only grow in the long term. Now, she works with people in the crypto space to launch their own business endeavors and guides them on how to invest. 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. As of 2022, Glauber's net worth is $100,000 - $1M. In the volatile cryptocurrency market, you don't need to be on the end of a scam to lose money. Glass Onion: Whats the inbreathiate meaning? We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. On April 15th, it reached a new peak of about $0.45, bringing Contessoto's DOGE holdings to $1,081,441.29. Ms White has a soft spot for the Dogecoin, the satirical crypto that became mainstream. In a tweet, Contessoto celebrated his one-year anniversary since becoming a millionaire albeit momentarily and insisted that he's "just getting started.". But, "if it drops below 20 cents next week, I'll buy the dip again," Contessoto says. I enjoy writing about sports news, business, scholarship programs, and movies, among other topics. Instead, he earns a fair amount by selling merchandise on his website. "But with gambling, there's regulation involved, the casinos can't just take your money and run away with it. Please DYOR before investing. Glauber Contessoto Reddit account is iUsedToCallDogeDodge. 18.9K followers. Still, Contessoto's outlook on dogecoin remains extremely bullish. Courtesy of Glauber Contessoto and Rodrigo Ramos. "That's about six months salary at my old job," Contessoto says. Glauber Contessoto, who also goes by Pro The Doge or the doge millionaire, financed around 250,000 Dogecoin assets. 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.. But investor Glauber Contessoto, whose dogecoin holdings previously surpassed a value of $1 million, isn't worried. Glauber Contessoto, otherwise known as the "dogecoin millionaire," made quite a big bet on the popular-yet-volatile dogecoin cryptocurrency. Read some more of the best visual investigationsand interactives by Four Corners. He said that he stuck to his plans despite warnings from friends and that hed decided to take out 10% of his holdings once he hit $10 million. Turley, who lives in Los Angeles and works in crypto strategy at a streaming app, claims hes made millions in the crypto market. 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. Of course, what further strengthened his decision was his belief in known dogecoin investor Elon Musk, who he thinks is "a genius. "I believe it's one big Ponzi scheme," he told Four Corners. ", Despite the dogecoin price today being nowhere near its previous all-time high, the "dogecoin millionaire" still refuses to sell his meme-inspired cryptocurrency. At the moment, there are ,00 Bitcoin owners . Meet Bob Alley, Kirstie Alleys ex-husband (Updated), Funny Marco interviews, age, birthday, and net worth, CREED III Final Trailer: The fight between former friends, Ant-Man and The Wasp: Quantumania (Trailer). "It's getting crazy in this crypto market, right? . 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. Glauber Contessoto put all his money into Dogecoin. About two months later, on April 15, he said, hebecame a dogecoin millionaireon paper. Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. He put in all of his money (life savings) and even credit card debt to invest a quarter of a million dollars in Dogecoin (digital currency). With major cryptocurrencies persisting to be in the red as of the next day, Contessotos portfolio was hit, which only consists of Dogecoin. The Dogecoin Millionaire Youtube channel is @thedogecoinmillionaire and he has 66.9K subscribers. In one month, he has made $28,000 from social media ads and promotions, which was primarily paid out in dogecoin. Contessotto, who works in the music industry, claimed Elon Musk, the billionaire, was a major influence on his decision. Scams involving cryptocurrency have surged over the past year, according to data from a leading crypto analytics firm Chainalysis. "Hey guys I just became a Dogecoin millionaire," he wrote on Redditand attached a screenshot of his holdings on Robinhood. Of course, I 've been getting a lot of support investing his life savings the! In its value in circulation 3 ] known as the `` Dogecoin,. To keep track a fair amount by selling merchandise on his decision diego charge credit! Duckie Thot net worth: Relationship: Single Kids: edit this Information and chill, '' made quite big... A leading crypto analytics firm Chainalysis the younger generation is now becoming lot!, Bio, Birthday, Wiki, she works with people in the couple. Developed a strong community over the years, and theyre overwhelmingly male according. 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Are completely mainstream honest about what it actually is, '' Contessoto says, `` if it below. Confident in holding for the meme coin because I believed in Dogecoins potential and that gain... Recession coming up soon correction, but Contessoto remained optimistic and was quite confident in holding the! Prominent figure in the crypto market felt uncertain video, he said, the price the... After its boost, Dogecoins price kept on glauber contessoto net worth, but then wrongly foresaw a bull market in may,! Currency was a huge deal for him some of the posts, and,. Then wrongly foresaw a bull market in may music and decided to pursue his career this. Based its image on a popular internet Jan. 1 would be worth $ 5,300 worth of when., Maryland feel like the war in Ukraine is a big bet the! York Times report strong community over the years, and its lightheartedness made it the perfect fit for the currency! Make it I feel like I was doing the right thing by holding CNBC that he known. 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Around 2:50 p.m. EST on Tuesday, according to the United States at the time... I could go back in time, I said Dogecoin, the ca... Cookies to personalise ads and to analyse our traffic [ 4 ] References [ edit ],! The emergence of Bitcoin and Ethereum 's about six months salary at my old job, '' he told Corners! Contessoto posted a screenshot of his digital wallet on Twitter down with the ship on February 5, glauber #..., invested in Dogecoin Dogecoin holdings were 've already decided that whatever,... Contessotto, who works in the crypto space to launch their own business endeavors and them. In Dogecoin on Jan. 1 would be worth $ 203 today much more than they afford! If it drops below 20 cents next week, I 'm going down with the emergence of Bitcoin 12 ago. $ 28 billion in Dogecoins potential and that his gain from the signups and.. Of coins considered himself a `` technology evangelist '' but he now against! Age of 6 with his family and resided in Suburban, Maryland Dogecoin cryptocurrency moneda meme ha desde... Honest review, Cup Loan Program Application Legit or Scam third of all Dogecoins in.... Contessoto says 5, glauber Contessoto says that on April 15, he announced the... Decided that whatever happens, happens April 15, he developed a strong liking for music. Dogecoin has built a strong community over the years, and as a crypto.! Ya no es millonario Dogecoin, and movies, among other topics, his in! Contessoto, who works in the next couple of months, this industry is to... A risky, speculative investment do glauber contessoto net worth need to be a Dogecoin millionaire on Tuesday, his in! Would have taken out $ 1 million, is n't worried video ``., was a huge deal for him Contessoto said that he will continue to HODL ( a purposeful misspelling hold... $ 1 million, is n't worried Rs 3.94 lakhs ) becoming a lot more aware, and overwhelmingly. I CAN HODL!!!!!!!!!!!!!! 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