82 posts. As to why Dogecoin and cryptocurrency is in its current state? Investorscould get burned, so they should invest only what they can afford to lose. The irony of all this is that Dogecoin was meant to be a joke. Glauber Contessoto has now turned his attention, Cardano. (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? We send memes to each other all the time, it's just the way that we communicate, and Generation Z.". Glauber Contessoto's dogecoin holdings on Robinhood as of July 20 at 2:50 p.m. EST. But, "if it drops below 20 cents next week, I'll buy the dip again," Contessoto says. "It's getting crazy in this crypto market, right? Is Testerbuzz.com amazon product tester a scam or legit? In a videoMr Contessoto posted in mid-May, he revealed the value of his crypto portfolio had fallen by $US1.8 million in a year but he had still made $US281,000 on his investment. he told his many online followers in a video. Contessoto never doubted DOgecoin, and as a result, his funding in . The housing market is likely another; I feel like we're in a bubble with that. 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, 33, invested in Dogecoin last February, according to the New York Times report. He worked twice his strength to have a place of his own. At the moment, there are ,00 Bitcoin owners . The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice. Crypto is highly volatile. On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. When I'm not creating content, I'm most often playing chess. Whatever Happened To The Dogecoin Millionaire. He has 11k followers at the time of writing this report. I'm here for the long run, and if the ship goes down, I'm going down with the ship. Glauber Contessoto believes deeply in Dogecoin, betting his life savings on the cryptocurrency's performance. I had this mindset, I had this conviction, which I still do, about those coins. As of around 12:00 p.m. EST on Tuesday, his dogecoin holdings are worth around $931,689. Glauber Contessoto, 34, lives in Las Vegas, Nevada. At current rates, Contessoto is still ahead in terms of net worth. But as we all know, cryptocurrencies have been undergoing a lull lately. How I became an overnight dogecoin millionaire, How this 39-year-old earns $26,000 a year in California. On 21 June 2021, the prices of top cryptocurrencies by market value including Bitcoin, Ether and Dogecoin started declining rapidly following the crackdown in China. Boston software engineer Molly White has become one of the leading voices of criticism of cryptocurrency. That changed somewhat when I decided to start doing collaborations, sponsorships, ads and promos for other cryptocurrencies and other projects. Other people are telling me to stay strong, others sharing their stories. He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin. "They're not all that different. Lynne Austin Net Worth, Height, Bio, Birthday, Wiki, Stephen Burrows Net Worth, Height, Bio, Birthday, Wiki, Ian Brennan Net Worth, Height, Bio, Birthday, Wiki, HotshotGG Net Worth, Girlfriend (LilyPichu), Biography. Contessoto, who works in a music company, refuses to sell his investment in dogecoin despite losing $167,000 in one day. By May 2021, Glauber Contessoto assets had grown to 2 . But investor Glauber Contessoto, whose dogecoin holdings previously surpassed a value of $1 million, isn't worried. And he still hasn't sold any. In just two months, it was reported that he had become a Dogecoin millionaire. The younger generations dont think so. "Until I reach my goal, I'll continue to buy, hold and 'diamond hand' it. 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. Top Solana NFT Projects to Buy in 2023 (and from, What is Maker? People had a lot of free time on their hands and were locked in their apartments, he said. He started with only a few thousand dollars a few years ago earned through part-time jobs and freelance writing gigs and now has access to seven-figures after ditching his post-college career to work in this space full-time. Get all the top stories from Crypto Bulls Club to keep track. 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. I've already decided that whatever happens, happens. Up until yesterday, I had been a millionaire, if bitcoin and ethereum werent also [hit], Id be worried.. 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. In February, 34 year-old Glauber Contessoto invested his life savings in Dogecoin. Last month his holdings touched $2 million. 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. In a video he posted in mid-May, Mr Contessoto revealed the value of his crypto portfolio had fallen nearly $1.8 million in a year but he had still made $281,000 on his investment. Dogecoin remains a very lucrative trade. We at cryptobullsclub.com use cookies to personalise ads and to analyse our traffic. Join the tribe of 1000+ members now. He worked for decades in law enforcement with the principal markets' regulator in the United States, the Securities and Exchange Commission, specialising in online violations of law, and serving as the inaugural head of its office of internet enforcement, a position he held for 11 years. BuyBlockchain.net . About two months later, on April 15, he said, hebecame a dogecoin millionaireon paper. Mr. Contessoto, legally named Jaysn Prolifiq, was born in Brazil. 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. He joined the Columbus Crew in 2013 after spending three years with Rapid Bucuresti. I feel like the war in Ukraine is a big reason. 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. Contessoto earned notoriety in the Cryptocurrency community when he turned $180,000 into $3 million in 3 months. He said that young investors also appreciate that crypto feels a little bit renegade. "It has no intrinsic value and it could just as easily come crashing down in price as continue to go up. But fast forward to today and the cryptocurrency is the seventh-most valuable out there, with a market cap of over $25 billion. 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. Depending on what happens in the coming months, he believes the price could rise. 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. This financial instability became his driving force to become wealthy and successful. 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. The biggest blessing from all this is the online community I've built. 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. He's hopeful it will hit $1 by the end of the year. After watching Dogecoin on Reddit, Contessoto s decided on February 5, 2021, to invest greater than. This worked in his favor, and at one point in time, his investments were worth more than three million dollars (Yes! In the same video, he also revealed he's holding about 3.9 million units of dogecoinworth over $550,000. Dogecoin is currently worth around $0.23, down . As for what he's planning to do once he cashes out, he shared he's hoping to start his own record label, with the ultimate goal of ensuring that his mom never has to work again (via Newsweek). But fast forward to today and the cryptocurrency is the seventh-most valuable out there, with a market cap of over $25 billion. So in 2019, he started investing in renowned companies like Uber and Tesla on Robinhood, which is a commission-free trading app. "What's going on guys? In #Dogecoin. The Dogecoin Millionaire Finds A New Memecoin Gem, Says Its 'Marketing Is The Greatest' glauber contessoto twitter According to the Benzinga report, Contessoto feels. As of around 2:50 p.m. EST on Tuesday, his dogecoin holdings were worth $700,217.09. "Doge is my savings account.". Then I started getting a lot of hate. Some experts have even said that we are now entering a bear market. In the end, the dogecoin millionaire aims to take only 10% off his portfolio once it reaches his targeted $10 million goal, leaving the rest to continue growing. Somewarn investors to be especially cautious when investing in dogecoinin particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. 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. In one month, he has made $28,000 from social media ads and promotions, which was primarily paid out in dogecoin. Glauber Contessoto, otherwise known as the "dogecoin millionaire," made quite a big bet on the popular-yet-volatile dogecoin cryptocurrency. Since then I have kept every single coin. With major cryptocurrencies persisting to be in the red as of the next day, Contessotos portfolio was hit, which only consists of Dogecoin. A rash . On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. I didn't sell any. The top cryptocurrencies by market value, including bitcoin and ether, are plunging on Tuesday amid a sell-off. Glauber Contessoto puso todo su dinero en Dogecoin. But 33-year-old Los Angeles resident Jaysn Prolifiqlegally known as Glauber Contessototold Newsweek he does not regret hanging on to his . 120 following. Everyone Practices Cancel Culture | Opinion, Deplatforming Free Speech is Dangerous | Opinion. But the big thing was being a part of the Dogecoin community. . Blood in the streets, right?" he told his many online followers in a video. He no longer works at the music company in Los Angeles. But the volatile meme coin has since dippedand hes no longer a Dogecoin millionaire. Losing A 6-Figure Sum In Dogecoin Worth Within 24 Hours. 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 April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. I went on CNBC, I went to The New York Times, and I said that I wasn't going to sell a single coin. 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. Dogecoin was invented in 2013 to poke fun at Bitcoin. While casually browsing Reddit, a post about Dogecoin attracted his attention. HONEST review, Boughloaf.com treadmill & other products are scams: HONEST review. A young Australian tech marketer, Jackson Palmer, co-founded it to mock and satirise the hype about crypto. 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. He currently resides in Brazil. I think the guy is a genius, Contessoto said of Musk in aCNBC interview. A pril 16, 2021 Glauber Contessoto posted a screenshot of his digital wallet on Twitter. 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