glauber contessoto net worthMarch 2023
In reality, crypto prices dropped. The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice. In one month, he has made $28,000 from social media ads and promotions, which was primarily paid out in dogecoin. Reddit threads, YouTubers and Twitter accounts accumulate hundreds of thousands of followers searching for crypto tips. On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. 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. Glauber Contessoto, 33, invested all of his funds into dogecoin, a meme-inspired cryptocurrency that has seen a significant increase in value this year. About|Contact Us|Terms & Conditions| Privacy Policy. "It felt like people were being just taken for a ride," she said. 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). His net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. By the time he was working, he recalled having to ride a bicycle to work every day when his car broke down. We know that Glauber is single at this point. He worked twice his strength to have a place of his own. Contessoto himself also tells his followers not to invest more than they could afford to lose. When finalizing the deal, the company asked if he'd prefer to be paid in U.S. dollars or crypto. He sold $100,000 worth of bitcoin at age 15, founded the teaching platform Botangle (motivated by his poor educational . "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, 33, became a 'dogecoin millionaire' after investing his life savings, or $250,000, into the cryptocurrency. Contessoto never doubted DOgecoin, and as a result, his funding in . It's getting sweaty in here; you know what I'm saying?". Contessoto 202140.72Contessoto18200 ""dogecoin millionaireContessoto16 Contessoto Contessoto"" He no longer works at the music company in Los Angeles. The majority are under 35, and theyre overwhelmingly male, according to Yermack. 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. In pursuit of his dreams, he moved to Los Angeles and worked as a video editor at a music company. But I'm still trying to make money, I still need to make a living. Altcoins, which typically follow Bitcoin sell-offs, have followed. She accurately predicted Januarys market correction, but then wrongly foresaw a bull market in May. Some say cryptocurrency is the future of money, and the technology it's built on is destined to revolutionise the internet and the society. People are just on the side lines asking: "When do we jump in?". The developers behind the coin wanted to make a silly cryptocurrency with no real valueand even based its image on a popular internet. Is cryptocurrency financial kryptonite? 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. had left him in 2011, when the price of bitcoin was approximately $10, in the cryptocurrency. Dogecoin was invented in 2013 to poke fun at Bitcoin. Do Not Sell My Personal Data/Privacy Policy. Even now, he dismisses the idea of selling. He now has more than $800,000 in Doge. Benzinga does not provide investment advice. Since then its value has declinedthough he's still optimistic. But fast forward to today and the cryptocurrency is the seventh-most valuable out there, with a market cap of over $25 billion. I enjoy writing about sports news, business, scholarship programs, and movies, among other topics. All Rights Reserved. Soon, it was announced that he had become a millionaire. Since becoming a "dogecoin millionaire" on April 15, Glauber Contessoto has continued to hold rather than sell despite the coin's ups and downs, he tells CNBC Make It. This uncertainty is, however, one of the major reasons why experts alert that cryptocurrency is a risky and speculative investment. Glauber Contessoto has now turned his attention, Cardano. * 2022 Insider Inc. and finanzen.net GmbH . About two months later, on April 15, he said, hebecame a dogecoin millionaireon paper. ", See Also: HOW TO BUY NON-FUNGIBLE TOKENS (NFTS), The Dogecoin millionaire said he expects NFTs to "be huge this year" and added "the ones found on VeVe will have an edge over other NFT projects given its official licenses with these exclusive collectibles and digital comic books.". A Division of NBC Universal. All information mentioned in our website is for informational and educational purposes only. Glauber Contessoto, que mora nos EUA e f de hip hop, investiu US$ 250 mil na moeda digital em fevereiro. For Contessoto, the belief in putting his whole life's savings into a cryptocurrency that was born out of an internet meme was more than just diving in headfirst into a nascent trend, as he loved the community surrounding dogecoin, even appreciating the cryptocurrency's meme origins. I'm here for the long run, and if the ship goes down, I'm going down with the ship. Home / Loyalty / Glauber contessoto net worth. Their extreme volatility is one reason why experts warn that it's a risky, speculative investment. I personally believe that next time we have an incredible market high, Bitcoin is going to hit $100,000 and Dogecoin will hit a dollar. Blood in the streets, right?" he told his many online followers in a video. He said VeVe is "full of officially licensed NFTs from some of the biggest legacy brands in the game from Disney, Marvel, Universal and even Cartoon Network. "It has no underlying intrinsic value. However, he had to do a lot of couch surfing for several years as buying an estate in Los Angeles is pretty expensive. He believes in his dog god and no one can tell him otherwise. Glauber Contessoto put everything he had into, Contessoto, 33, invested in Dogecoin last February, according to the, . Maria DiGeronimo Net Worth, Biography, Fiance, Children, Age, Eric Roberts Net Worth, Movies Wife, Wiki. 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. 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. He also showed them that he was doubling down, recording himself as he forked out another $US10,000 on Dogecoin. If I could go back in time, I probably would have taken out $1 million or $500,000. Your email address will not be published. Tank Davis Net Worth 2023: How Much Does Tank Davis Make? 18.9K followers. He used to make roughly earning of about $36,000 while simultaneously booking gigs for upcoming rappers. Contessoto didn't exactly start out as the dogecoin millionaire he's known as today. Though experts warn against it, "[I'm] all invested in doge," Contessoto says. 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.". (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? Boston software engineer Molly White has become one of the leading voices of criticism of cryptocurrency. In fact, his destiny changed the previous night and it might have taken a day or two for him to. 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.". 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. No matter who you are, if you bought cryptocurrency in 2021, the chances are you're down right now. "Woo-wee, a bloodbath, right? Glauber Contessoto twitter is @ProTheDoge. 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. Altcoins, which typically follow Bitcoin sell-offs, have followed. However, he was familiar with cryptocurrency but was highly fascinated with its marketing strategy. Glauber Contessoto, a music company employee plunged his entire $180,000 savings into Dogecoin in February. From The Press. Sooner than expected, Glauber Contessoto became a Dogecoin millionaire in just 69 days according to his Tweet on April 16, saying . He flew to the United States at the age of 6 with his family and resided in Suburban, Maryland. It was at once a show of faith and a marketing strategy. This financial instability became his driving force to become wealthy and successful. 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 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. I think the guy is a genius, Contessoto said of Musk in aCNBC interview. 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. Gen Z and millennial investors are flocking to buy shares of cryptocoin, such as Bitcoin or Ethereum, with the hopes of winning big. Glauber Contessoto, pictured, invested his life savings in Dogecoin in 2021. Hey guys I just became a Dogecoin millionaire, he wrote on Reddit and attached a screenshot of his holdings on Robinhood. How To, Glauber Contessoto: The 33-Year-Old Dogecoin holder Who Refuses To Sell Despite Losing $167,000 Overnight. 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. Yesterday, he announced to the Reddit community that he is now a Crypto millionaire. Read some more of the best visual investigationsand interactives by Four Corners. At the same time, with my most recent YouTube videos, I've been getting a lot of support. Education + Add. The 'SlumDoge Millionaire' made it big with crypto. Some might argue - time will tell. The younger generations dont think so. . Contessoto, 33, invested in Dogecoin last February, according to the New York Times report. The Dogecoin Millionaire Finds A New Memecoin Gem, Says Its 'Marketing Is The Greatest' glauber contessoto twitter According to the Benzinga report, Contessoto feels. At current rates, Contessoto is still ahead in terms of net worth. As the New York Times magazine reports, Glauber Contessoto, 33 years old, made his initial investment in the blockchain technology in February 2020. Contessoto, who works in a music company, refuses to sell his investment in dogecoin despite losing $167,000 in one day. The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. "You risk losing nearly all the money you put in," James Ledbetter, editor of fintech newsletter FIN andCNBC contributor, previously told CNBC Make It. As Musk ramped it up, that's where Dogecoin headed; Mr Contessoto's gamble paid off. BuyBlockchain.net . On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. 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. ", 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. But, "if it drops below 20 cents next week, I'll buy the dip again," Contessoto says. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. #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. Altman charges members $7.77 per month and offers courses ranging in price anywhere from $49 to $1,499. 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. I can't sit here saying "I'm gonna hold forever" and then bail as soon as it gets a little tight. HONEST review, Cup Loan Program Application Legit or Scam? If I dont have a lot to start out with, theres not as much to lose.. Glauber Contessoto, 34, lives in Las Vegas, Nevada. Glauber Contessoto 33 Dogecoin All-in Dogecoin . 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. Obviously that's going to affect cryptocurrency. "Day afterday after day, it was like, one scam, one day, two hacks the next day.". In an interview, he said that many of his friends tried to talk him out of it. 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. He said that young investors also appreciate that crypto feels a little bit renegade. A dollar invested in Dogecoin on Jan. 1 would be worth $203 today much more than a comparable investment in . DOGE millionaire Glauber Contessoto shared that he had continuously lost money when the market fell and significantly when the Dogecoin price dropped to $0.2155. In the same video, he also revealed he's holding about 3.9 million units of dogecoinworth over $550,000. Cryptocurrency gained traction with the emergence of Bitcoin 12 years ago, and has since grown to include more than 10,000 types of coins. 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. stocks, Salesforce results give CEO Benioff breathing room', Fast Money trader Steve Grasso said, Is ChatGPT the tip of the iceberg? But on Monday . Join half a million readers enjoying Newsweek's free newsletters. 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. Among those is meme-inspired cryptocurrency dogecoin, which is down about 77% since its all-time high of nearly 74 cents in May. Since then I have kept every single coin. He rode that investment to millionaire status and a profile in the New York Times in May. . Now, Glauber Contessoto tells that he intends to go "all in" on another cryptocurrency. "They were all like, you're crazy," he said. He said that he strongly believed in Dogecoins potential and that it could help him build wealth to pass on to his family. The younger generation is now becoming a lot more aware. "You just gotta zoom out and chill," Contessoto, 33, told CNBC Make It. Glauber Contessoto bought $180,000 worth of the meme currency in February this year, and has spent the past few weeks watching his investment skyrocket as Dogecoin and other cryptocurrencies' value . 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.