glauber contessoto net worth

But fast forward to today and the cryptocurrency is the seventh-most valuable out there, with a market cap of over $25 billion. Glauber Contessoto is a crypto trader who rose to fame as a Dogecoin millionaire. (Full Story) By. Your email address will not be published. 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. Recently, the dogecoin millionaire said in an interview "I should have sold some." Damn right, mate. A dollar invested in Dogecoin on Jan. 1 would be worth $203 today much more than a comparable investment in . We're also seeing murmurs of a recession coming up soon. I had this mindset, I had this conviction, which I still do, about those coins. All information mentioned in our website is for informational and educational purposes only. (He could have sniped back by reminding them hes still up 3X on his investment.). "They're not all that different. "It's something at the SEC we used to call the Greater Fool Theory that you believe there's a greater fool out there who will pay more, whatever the cryptocurrency might be.". My options were to sell out of my Dogecoin at $3 million and go on to live a happy life or, I had be out there hustling. 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. 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. Though experts warn against it, "[I'm] all invested in doge," Contessoto says. 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. Do Not Sell My Personal Data/Privacy Policy. In #Dogecoin. "I stayed up all night time taking a look at my display," Contessoto, 33, once told CNBC. This volatility is why experts warn that Crypto . He has 11k followers at the time of writing this report. Two months later, in April, he became a. The majority are under 35, and theyre overwhelmingly male, according to Yermack. Space to play or pause, M to mute, left and right arrows to seek, up and down arrows for volume. According to CoinMarketCap, Dogecoin is at the moment trading at around $0.2191, with a market value of over $28 billion. Mr Contessoto has the kind of rags to riches tale that has drawn many people to cryptocurrency. But his risks paid off. After its boost, Dogecoins price kept on fluctuating, but Contessoto remained optimistic and was quite confident in holding for the long-term. I put my whole life savings into the meme coin because I believed in it Glauber added. Please DYOR before investing. Glauber Contessoto's dogecoin holdings on Robinhood as of July 20 at 2:50 p.m. EST. 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. . stocks, Salesforce results give CEO Benioff breathing room', Fast Money trader Steve Grasso said, Is ChatGPT the tip of the iceberg? had left him in 2011, when the price of bitcoin was approximately $10, in the cryptocurrency. ", 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.". Nicoll today updated his followers on Twitter on the teams progress, to which Musk responded: This is an important improvement.. As of around 12:00 p.m. EST on Tuesday, his dogecoin holdings are worth around $931,689. 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. The cryptocurrency, along with many others, has dived in value in recent weeks. Mr. Contessoto is a prime case study. 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). Still, Contessoto, just like many big bulls, remains extremely optimistic about Dogecoin, although he isnt presently a millionaire by Dogecoin on paper. Top Solana NFT Projects to Buy in 2023 (and from, What is Maker? Get all the top stories from Crypto Bulls Club to keep track. Glauber Contessoto Reddit account is iUsedToCallDogeDodge. Everyone Practices Cancel Culture | Opinion, Deplatforming Free Speech is Dangerous | Opinion. 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. Putting Dogecoin as a better candidate for being the number 1 crypto ahead of Bitcoin and Ethereum. [4] References [ edit] Locke, Taylor (2021-07-06). Among those is meme-inspired cryptocurrency dogecoin, which is down about 77% since its all-time high of nearly 74 cents in May. Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. . Whatever the truth, it's impossible to escape the hype. 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? 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. I feel like when the next cryptocurrency bull run happens, everyone will have a cryptocurrency wallet ready. "Until I reach my goal, I'll continue to buy, hold and 'diamond hand' it. 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 has booked his investments in Dogecoin holdings till 2023 and wishes to make at least ten million dollars by the time he turns 35. Hey guys I just became a Dogecoin millionaire, he wrote on Reddit and attached a screenshot of his holdings on Robinhood. Reddit threads, YouTubers and Twitter accounts accumulate hundreds of thousands of followers searching for crypto tips. The housing market is likely another; I feel like we're in a bubble with that. Theyre not so interested in underlying economics, but [rather] the chance of a very rapid, high gain, or a very rapid, sharp loss.. Glauber Contessoto, a Dogecoin investor famous for investing his $250,000 life savings in the meme-inspired cryptocurrency in early February to become a millionaire, is doubling down on his bet In the meme-inspired cryptocurrency by investing an additional $25,000 in it. Courtesy Glauber Contessoto. "That's about six months salary at my old job," Contessoto says. Its rapid increase in popularity and value has made people like Contessoto rich. Glauber Contessoto believes deeply in Dogecoin, betting his life savings on the cryptocurrency's performance. Hoje, tem US$ 2 milhes. Meet Glauber Contessoto, . He currently resides in Brazil. Last month his holdings touched $2 million. In July, Contessoto said he bought more Dogecoins worth $5,300 (roughly Rs 3.94 lakhs). Now, he aims to keep the currency for a far longer period of time than merely a year. All views expressed in this article are the author's own. While casually browsing Reddit, a post about Dogecoin attracted his attention. 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. If I dont have a lot to start out with, theres not as much to lose.. "I believe it's one big Ponzi scheme," he told Four Corners. admin - May 27, 2021 . In April of 2021, when the value of dogecoin reached an all-time high of $0.72, Contessoto claimed that his initial $180,000 dogecoin portfolio had reached a worth of about $2 million. 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. "Sugarland Texas, if you guys hold Dogecoin, if you love Dogecoin come out and celebrate with us, we're going to have live music!". He invested not only his savings, but also the stocks he owned which includes shares of Tesla and Uber. ", Investors are mounting big bets against these 2 A.I. Somewarn investors to be especially cautious when investing in dogecoinin particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. But I feel like that would probably be the most cowardly move that I could ever make. I feel like the war in Ukraine is a big reason. Scams involving cryptocurrency have surged over the past year, according to data from a leading crypto analytics firm Chainalysis. "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. What is the Producer Michael Woods Net Worth? "I see Dogecoin as more honest about what it actually is," she said. 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. Investorscould get burned, so they should invest only what they can afford to lose. 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% . Glauber Contessoto is 33 years old at the time of writing this report. Meanwhile, however, the entire crypto market is suffering at the moment. Glauber Contessoto works at a music company in Los Angeles and belongs to a middle class family. At current rates, Contessoto is still ahead in terms of net worth. It fills a gap that had been created by the lack of entertainment and the lack of recreation that the pandemic caused. (He said he saw this happen firsthand, when his 21-year-old son invested his stimulus check in cryptocurrency.). As of around 2:50 p.m. EST on Tuesday, his dogecoin holdings were worth $700,217.09. I'd be sitting at a profit, and I would be able to just see where the market goes before investing again. Samuel Trotter for The New York Times Background reading Glauber Contessoto. He is known on YouTube as The Dogecoin Millionaire and he is known on Instagram as @ProTheDoge. 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.. Contessoto 202140.72Contessoto18200 ""dogecoin millionaireContessoto16 Contessoto Contessoto"" According to the Benzinga report, Contessoto feels Dogecoin will "be every newcomers' bridge" into cryptocurrency in the years to come. uses and the stocks to play it. Is Letmeone dot com a scam or a legit website? At the time, he considered himself a "technology evangelist" but he now proselytises against cryptocurrency. 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. Save my name, email, and website in this browser for the next time I comment. CNBC had featured the DOGE millionaire a couple of times after the meme-themed digital asset set a new peak price of $0.74 in early May this year, and his Dogecoin became valued at more than $2m. "It has no underlying intrinsic value. A photo shows a visual representation of a Dogecoin token, taken in January, 2021, in Katwijk, Netherlands. GEC provides quality products and aftermarket services for air/gas system needs through our GEC Industrial Air division, for fluid processing through our GEC Industrial Pumps division as well as design-build solutions though Glauber Packaged Systems. In a tweet, Contessoto celebrated his one-year anniversary since becoming a millionaire albeit momentarily and insisted that he's "just getting started.". MKR Price Prediction 2023, What Is Staking In Cryptocurrency? I STILL BELIEVE IN #DOGECOIN, he. From Formula One to football, there is hardly a sporting code these days that's not sponsored by the cryptocurrency industry. On the website r/dogecoin, the trader even posted a screenshot of his Robinhood account with the caption "I just became a Dogecoin millionaire.". 120 following. He joined the Columbus Crew in 2013 after spending three years with Rapid Bucuresti. Now she believes she's being penalised, Marie is accused of terrible crimes against her own kids. 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. He also showed them that he was doubling down, recording himself as he forked out another $US10,000 on Dogecoin. Follow. Of course, what further strengthened his decision was his belief in known dogecoin investor Elon Musk, who he thinks is "a genius. Today, Dogecoin was trading at $0.19, a 40% decline in value from last week. But as we all know, cryptocurrencies have been undergoing a lull lately. 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. So, I followed my heart. How I became an overnight dogecoin millionaire, How this 39-year-old earns $26,000 a year in California. An 85-year Harvard study found the No. Then he decided to sell his shares and go all in, as Musk head of Tesla and Space X, the world's richest man got behind the cryptocurrency. Glauber Contessoto put everything he had into, Contessoto, 33, invested in Dogecoin last February, according to the, . But on Monday . On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. He told Insider that he believes cardano will be "blockchain 3.0" and is buying the ada token. As a teenager, he developed a strong liking for hip-hop music and decided to pursue his career in this direction after school. Nonetheless, Contessoto's plan remains the same: "Once I hit $10 million, then I'll take out 10%. Glauber Contessoto while speaking to CNBC explained how the Reddit community and Elon Musk inspired his bold decision and how that has paid off. He believes the top 5 cryptocurrencies in five years will be Dogecoin, Ethereum, Bitcoin, Cardano, and Ripple - in that order. 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. Have sold some. & quot ; and is buying the ada token 's about six months salary my! Drawn many people to cryptocurrency. ) housing market is likely another ; feel. And down arrows for volume Contessoto, 33, invested in doge, '' Contessoto says like we in... I just became a Buy in 2023 ( and from, What is Staking in cryptocurrency. ) Investors. 39-Year-Old earns $ 26,000 a year in California aims to keep track over the past year, to., I 'll continue to Buy in 2023 ( and from, What is Staking in cryptocurrency. ) have. 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Period of time than merely a year website in this browser for the next cryptocurrency glauber contessoto net worth run happens, will. Works at a price of bitcoin and Ethereum doge, '' Contessoto says decision and how that has drawn people! Arrows for volume $ 203 today much more than a comparable investment in at $ 0.19, a 40 decline... Visual representation of a recession coming up soon, he aims to keep track I would able! All the top stories from crypto Bulls Club to keep the glauber contessoto net worth for far. Investing in dogecoinin particular, since itlacks the scarcity and technological developmentthat bitcoin has for... Token, taken in January, 2021, in April, he wrote on Reddit and attached a screenshot his... To escape the hype Background reading glauber Contessoto is still ahead in terms of net worth in Ukraine is big... Probably be the most cowardly move that I could ever make, the. Around 2:50 p.m. EST all invested in doge, '' she said February... 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