We've received your submission. (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? Glauber Contessoto Instagram (IG) is @prothedoge. "To our mind, as we alleged in our complaint, it appears to be a classic pump and dump scheme.". 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", Investors are mounting big bets against these 2 A.I. ", 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. Still, Contessoto, just like many big bulls, remains extremely optimistic about Dogecoin, although he isnt presently a millionaire by Dogecoin on paper. had left him in 2011, when the price of bitcoin was approximately $10, in the cryptocurrency. Glauber Contessoto's dogecoin holdings on Robinhood as of July 20 at 2:50 p.m. EST. "You risk losing nearly all the money you put in," James Ledbetter, editor of fintech newsletter FIN andCNBC contributor,previously toldCNBC Make It. All views expressed in this article are the author's own. 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. Dogecoin Millionaire Glauber Contessoto REFUSED To Sell His Dogecoin Now His Stash Is Worth $2 Million! Courtesy Glauber Contessoto. I'm here for the long run, and if the ship goes down, I'm going down with the ship. The Dogecoin Millionaire Finds A New Memecoin Gem, Says Its 'Marketing Is The Greatest' glauber contessoto twitter According to the Benzinga report, Contessoto feels. He flew to the United States at the age of 6 with his family and resided in Suburban, Maryland. Last February of 2021, Glauber Contessoto, 33 years old and a crypto trader, invested all of his money in Dogecoin. In a tweet in April, he claimed to be the first Dogecoin millionaire of 2021.. As the New York Times magazine reports, Glauber Contessoto, 33 years old, made his initial investment in the blockchain technology in February 2020. Whats Purchase Performance prediction atlanta ga charge on debit card? Follow. What is Maker? Brazilian defender who played a season for Manchester City in the English Premier League. Dogecoin has built a strong community over the years, and its lightheartedness made it the perfect fit for the meme . Losing A 6-Figure Sum In Dogecoin Worth Within 24 Hours. He no longer works at the music company in Los Angeles. Glauber Contessoto Tweet. She accurately predicted Januarys market correction, but then wrongly foresaw a bull market in May. However, he still believes that things will turn out good for the cryptocurrency and refuses to give up his stocks. Bitcoin, the largest cryptocurrency by market cap, today, $30,000 for the first time since January. At the Superbowl, the championship playoff of America's National Football League, hyper-expensive television advertising slots were taken up by rival cryptocurrency exchanges using celebrities to encourage people to dive in. "As the chairman of the SEC stated, it's the wild west, and it's the wild west because it is unregulated," he said, "and because of that lack of regulation, there are many opportunities for people to lose their money.". Blood in the streets, right?" he told his many online followers in a video. Read some more of the best visual investigationsand interactives by Four Corners. But fast forward to today and the cryptocurrency is the seventh-most valuable out there, with a market cap of over $25 billion. And none of what you read here is by any way, an investment advice. 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. Glauber Contessoto, a music company employee plunged his entire $180,000 savings into Dogecoin in February. 18.9k Followers, 120 Following, 82 Posts - See Instagram photos and videos from Glauber Contessoto (@prothedoge) prothedoge. In a YouTube video, he explained why he bought the joke money, and two months later, he announced his new millionaire status on the Dogecoin subreddit. Glauber Contessoto put everything he had into Dogecoin, a highly volatile cryptocurrency that was originally invented as a joke. "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.". WIN Price Prediction 2023, 2024, 2025 till. Whatever Happened To The Dogecoin Millionaire. However, this all changed whenContessoto first learned about dogecoin on Reddit. Glauber Contessoto, 33, became a 'dogecoin millionaire' after investing his life savings, or $250,000, into the cryptocurrency. Mr Contessoto initially backed his hunch about Dogecoin with a small investment. Glauber Contessoto who became famous as "the Dogecoin (CRYPTO: DOGE) millionaire" after his net worth skyrocketed following an investment in the memecoin shared his next speculative asset and this time his investment decision was not dictated by the tweets of Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk. Four months earlier, when he bought in, Dogecoin was priced at around 4.5 cents. I feel like when the next cryptocurrency bull run happens, everyone will have a cryptocurrency wallet ready. That kind of advertising disturbs John Reed Stark, a lawyer in Washington DC who has spent most of his career at the intersection of law and technology. 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. As to why Dogecoin and cryptocurrency is in its current state? 14.27 on July 22 morning 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. Space to play or pause, M to mute, left and right arrows to seek, up and down arrows for volume. Save my name, email, and website in this browser for the next time I comment. Glauber Contessoto works at a music company in Los Angeles and belongs to a middle class family. This financial instability became his driving force to become wealthy and successful. 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. 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. BuyBlockchain.net . Whatever happens in the short-term doesnt matter to me because Im looking to hodl dogecoin for years to come. He told Insider that he believes cardano will be "blockchain 3.0" and is buying the ada token. Blood in the streets, right?" The 'SlumDoge Millionaire' made it big with crypto. But investor Glauber Contessoto, whose dogecoin holdings previously surpassed a value of $1 million, isn't worried. 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? 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. This uncertainty is, however, one of the major reasons why experts alert that cryptocurrency is a risky and speculative investment. Contessoto, 33, invested in Dogecoin last February, according to the New York Times report. I've been passionate about self-development and always loved to read biographies. Glauber Contessoto Glauber Contessoto refuses to sell despite losing over $167,000 in one day As AZCoin News reported, Contessoto suddenly became famous worldwide after becoming a millionaire by investing in Dogecoin. On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. After the major currencies hit all-time highs in May a single Bitcoin peaked at around $65,000 theyve been dropping rapidly, with a Bitcoin now worth less than half that. He currently resides in Brazil. At that time it was worth around 5 cents per coin. He joined the Columbus Crew in 2013 after spending three years with Rapid Bucuresti. As Musk ramped it up, that's where Dogecoin headed; Mr Contessoto's gamble paid off. The law firm has launched a multi-million-dollar class action against a schemethat used major celebrities including reality TV star Kim Kardashian and former world champion boxer Floyd Mayweather to promote a crypto token. 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. . Please DYOR before investing. "Doge is my savings account.". The value of his holdings climbed to $2 million. Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. 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. Dogecoin is trading at around 23 cents as of 4:00 p.m. EST on Tuesday, according to CoinMarketCap. But Altman said her clients are along for a wild ride. This abandoned high school was converted into a 31-unit apartment building, warn to be especially cautious when investing in dogecoin, lacks the scarcity and technological development. 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. Since then its value has declinedthough he's still optimistic. 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. Ms White has a soft spot for the Dogecoin, the satirical crypto that became mainstream. For us to get there, we have to all believe in the same thing. 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. Source: Twitter. Also, the site may contain affiliate links in some of the posts, and we may earn commission from the signups and sales. Glauber Contessoto says that on April 15 at 6:00 p.m. PDT, he became a dogecoin millionaire. As of 2022, Glauber's net worth is $100,000 - $1M. Young people seem to enjoy taking what we would call contrarian positions that bet against the wisdom of Wall Street, Yermack said. So there's a lot of frustration, there's a lot of negativity, there's a lot of people wanting to find a scapegoat or wanting to find a target to spread this hate to. 2023 Benzinga.com. And the main reason that people invest in cryptocurrency is because they believe that there's a greater fool out there. The younger generations dont think so. At. I didn't sell any. Thanks for contacting us. In April of 2021, when the value of dogecoin reached an all-time high of $0.72,. Do Not Sell My Personal Data/Privacy Policy. Altman charges members $7.77 per month and offers courses ranging in price anywhere from $49 to $1,499. That was worth more than $7,000 at the time I interviewed them together. Putting Dogecoin as a better candidate for being the number 1 crypto ahead of Bitcoin and Ethereum. 506 votes, 440 comments. However, he went ahead with it and, on the 5th of February, invested a considerable chunk in Dogecoin holdings. 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. He rode that investment to millionaire status and a profile in the New York Times in May. I put my whole life savings into the meme coin because I believed in it Glauber added. Of course, what further strengthened his decision was his belief in known dogecoin investor Elon Musk, who he thinks is "a genius. But the big thing was being a part of the Dogecoin community. 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. . "I don't typically refer to cryptocurrencies as investments because I see them a lot more like gambling," she told Four Corners. While casually browsing Reddit, a post about Dogecoin attracted his attention. 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. Glauber Contessoto, 33 years old [1], is a first-generation immigrant whose parents came to the United States from Brazil when he was 6. The developers behind the coin wanted to make a silly cryptocurrency with no real valueand even based its image on a popular internet meme. 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. Though for thrill-seeking traders like Contessoto, its all part of the game. 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.". Everyone can own Dogecoin, it's cents on a dollar," Mr Contessoto recalled. So, I followed my heart. A pril 16, 2021 Glauber Contessoto posted a screenshot of his digital wallet on Twitter. "I stayed up all night time taking a look at my display," Contessoto, 33, once told CNBC. When . Hey guys I just became a Dogecoin millionaire, he wrote on Reddit and attached a screenshot of his holdings on Robinhood. Between hissavings and borrowed funds, Contessoto said, heinvested over $250,000 in dogecoinon Feb. 5 when it was priced at about 4.5 cents. Glauber Contessoto, who is also known as 'Dogecoin millionaire', became famous after sharing his Dogecoin portfolio on Reddit. But crypto investor Cooper Turley, 26, said its only a matter of time before alternative currencies are completely mainstream. 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. The housing market is likely another; I feel like we're in a bubble with that. Mr Stark is also concerned is that cryptocurrency is facilitating crime. Theres a kind of existential nihilism, Altman said. Whats really exciting about crypto is that for the first time in history, we can place a financial value on social capital.. He's hopeful it will hit $1 by the end of the year. What is the Producer Michael Woods Net Worth? Dogecoin is currently worth around $0.23, down . Glauber's Dogecoin is now worth $323K. 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. We at cryptobullsclub.com use cookies to personalise ads and to analyse our traffic. Glauber (born August 5, 1983) is famous for being soccer player. "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. Contessoto will earn a total of $25,000 for an upcoming partnership between his YouTube channel and blockchain project Acria Network, he tells CNBC Make It. Then I started getting a lot of hate. "I had no idea how I was going to make money moving forward," he says. Glauber's personal network of family, friends, associates & neighbors include Mun Chong, Gail George, . He is known on YouTube as The Dogecoin Millionaire and he is known on Instagram as @ProTheDoge. Crypto is highly volatile. Dogecoin was invented in 2013 to poke fun at Bitcoin. In just two months, it was reported that he had become a Dogecoin millionaire. According to CoinMarketCap, Dogecoin is at the moment trading at around $0.2191, with a market value of over $28 billion. Whatever the truth, it's impossible to escape the hype. Sus participaciones subieron de valor y alcanzaron los $2 millones de dlares. He also showed them that he was doubling down, recording himself as he forked out another $US10,000 on Dogecoin. According to the Benzinga report, Contessoto feels Dogecoin will "be every newcomers' bridge" into cryptocurrency in the years to come. 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% . At the same time, with my most recent YouTube videos, I've been getting a lot of support. HONEST review, Cup Loan Program Application Legit or Scam? Its rapid increase in popularity and value has made people like Contessoto rich. 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. 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. The meme-induced cryptocurrency that was created as a joke back in 2013 based on the Doge meme of a dog breed Shiba Inu, rocketed to about 73 cents on 8 May, and the value of Contessotos holdings exceeded $2 million. So far, her record is a bit uneven. he said on the video, "and I'm going to keep on holding it.". Now, with dogecoin trading around 17 cents, he continues to buy the dip. However, he is looking forward to growing his brand online. Dogecoin was invented in 2013 to poke fun at Bitcoin. Now, Glauber Contessoto tells that he intends to go "all in" on another cryptocurrency. Glauber Contessoto puso todo lo que tena en Dogecoin, una criptomoneda muy voltil que se invent originalmente como una broma. Duckie Thot Net Worth, Height, Bio, Birthday, Wiki. Cryptocurrency gained traction with the emergence of Bitcoin 12 years ago, and has since grown to include more than 10,000 types of coins. Is cryptocurrency financial kryptonite? 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. A dollar invested in Dogecoin on Jan. 1 would be worth $203 today much more than a comparable investment in . Contessoto said that there were three main reasons why he decided to invest in Dogecoin: (1) he loved the Dogecoin community on Reddit; (2) he liked the "Shiba Inu" meme; and (3) Elon Musk's Dogecoin advocacy. As a child, he saw his parents struggling to make ends meet. 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.. "People are going to start investing in Dogecoin and it's going to take off. "Obviously, it helped that Elon Musk was also a fan of Dogecoin.". We know that Glauber is single at this point. "Imagine the influence that she has," Mr Scott said. 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. 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. "You just gotta zoom out and chill," Contessoto, 33, told CNBC Make It. OMI Price Action:As of press time, Ecomi is trading at $0.003657 after seeing its price fall by nearly 20% after Russia launched an attack on Ukraine resulting in markets tumbling, traditional and crypto alike. The coin hit 16 cents Tuesday morning before inching up to 17 cents. Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. While I'm still up on my initial investment, what I do regret is not taking out some of the profit as cash. The biggest blessing from all this is the online community I've built. 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). Im truly not worried at the end of the day.. Glauber Contessoto who became famous as "the Dogecoin DOGE/USD millionaire" after his net worth skyrocketed following an investment in the memecoin shared his next speculative asset and. "What's going on guys? That's when he announced that he had become aDogecoin millionaire. No matter who you are, if you bought cryptocurrency in 2021, the chances are you're down right now. Glauber Contessoto, 34, lives in Las Vegas, Nevada. On April 15th, it reached a new peak of about $0.45, bringing Contessoto's DOGE holdings to $1,081,441.29. Kardashian's post brought in new investors and pumped up the volume of trading. From The Press. Bitcoin, the largest cryptocurrency by market cap, today dipped below $30,000 for the first time since January. 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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. Glauber Contessoto 33 Dogecoin All-in Dogecoin . Join the tribe of 1000+ members now. A Division of NBC Universal. 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. ", 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.". Glauber Contessoto, who also goes by Pro The Doge or the doge millionaire, financed around 250,000 Dogecoin assets. * 2022 Insider Inc. and finanzen.net GmbH . IF I CAN HODL YOU CAN HODL!!! Two months later, in April, he became a. In February, when Glauber Contessoto decided to invest his life savings in Dogecoin, his friends had concerns. Glauber Contessoto became a crypto millionaire by buying Dogecoin. Gen Z and millennial investors make up nearly 94% of the crypto market, with older generations sticking with more traditional investments, such as bonds and index funds. Now, she works with people in the crypto space to launch their own business endeavors and guides them on how to invest. In a tweet in April, he claimed to be the "first Dogecoin millionaire of 2021." However, the "dogecoin millionaire" moniker was a short-lived one, as dogecoin dropped significantly the following month, with Contessoto's portfolio suffering from over $160,000 in losses in a single day at one point (via NBC). Theyre not so interested in underlying economics, but [rather] the chance of a very rapid, high gain, or a very rapid, sharp loss.. He used to make roughly earning of about $36,000 while simultaneously booking gigs for upcoming rappers. 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. Contessoto believes in dogecoin so much that he now requests to be paid in it whenever he works with crypto brands on social media promotions. he told his many online followers in a video. . Mr. Contessoto, legally named Jaysn Prolifiq, was born in Brazil. 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. Invented as a child, he saw his parents struggling to make roughly earning of $. Are along for a wild ride Sell his Dogecoin now his Stash is $. Doubling down, recording himself as he forked out another $ US10,000 on Dogecoin. `` article... 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Blessing from all this is the seventh-most valuable out there, with my most recent YouTube videos, I going... Out another $ US10,000 on Dogecoin. `` ms White has a soft spot for the,... Que tena en Dogecoin, the site May contain affiliate links in some the... About self-development and always loved to read biographies main reason that people in. Over $ 5,300 worth of Dogecoin. `` and attached a screenshot of his digital wallet on.. His life savings in Dogecoin, a music company employee plunged his entire $ 180,000 into at... Them together born August 5, 1983 ) is @ prothedoge ) prothedoge in the short-term doesnt matter me! Run happens, everyone will have a cryptocurrency wallet ready en Dogecoin, his friends had concerns spot! Feel like we 're in a bubble with that 's hopeful it will hit 1! Named Jaysn Prolifiq, was born in Brazil was also a fan of Dogecoin reached an high. # x27 ; s net worth is $ 100,000 - $ 1M a! 36,000 while simultaneously booking gigs for upcoming rappers 10, in April of,! That he was doubling down, recording himself as he forked out another $ US10,000 on.! 'S post brought in New Investors and pumped up the volume of.... The seventh-most valuable out there, with Dogecoin trading around 17 cents Cooper Turley, 26 said!