glauber contessoto net worth

glauber contessoto net worth

30.12.2020, , 0

He also showed them that he was doubling down, recording himself as he forked out another $US10,000 on Dogecoin. Glauber Contessoto put all his money into Dogecoin. In February, when Glauber Contessoto decided to invest his life savings in Dogecoin, his friends had concerns. Yet now, his holdings are down over $167,000 and the portfolio was worth $831,538.88. . This worked in his favor, and at one point in time, his investments were worth more than three million dollars (Yes! "You risk losing nearly all the money you put in," James Ledbetter, editor of fintech newsletter FIN andCNBC contributor, previously told CNBC Make It. Contessoto, 33, invested in Dogecoin last February, according to the New York Times report. "It has no intrinsic value and it could just as easily come crashing down in price as continue to go up.". Courtesy of Glauber Contessoto and Rodrigo Ramos. Its rapid increase in popularity and value has made people like Contessoto rich. Glauber Contessoto maxed out his credit cards to invest in Dogecoin, he told The New York Times. 120 following. As of 2022, Glauber's net worth is $100,000 - $1M. Glauber Contessoto took a big risk on dogecoin, a meme-inspired cryptocurrency that began as a joke, earlier this year. 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. In reality, crypto prices dropped. 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). Four months earlier, when he bought in, Dogecoin was priced at around 4.5 cents. As to why Dogecoin and cryptocurrency is in its current state? After hitting a record high on May 8 of around 73 cents, the digital coin fell to around 47 cents on May 9, and Contessoto invested another $17,500, he previously 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. Still, Contessoto, just like many big bulls, remains extremely optimistic about Dogecoin, although he isnt presently a millionaire by Dogecoin on paper. In July, Contessoto said he bought more Dogecoins worth $5,300 (roughly Rs 3.94 lakhs). 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. He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin.. Larry David, co-creator of the sitcom Seinfeld and star of Curb Your Enthusiasm, portrayed a hapless doubter while the ad warned "Don't be like Larry". . 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. 5.8M subscribers in the CryptoCurrency community. 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. I STILL BELIEVE IN #DOGECOIN, he. According to the Benzinga report, Contessoto feels Dogecoin will "be every newcomers' bridge" into cryptocurrency in the years to come. He has 11k followers at the time of writing this report. He believes in his dog god and no one can tell him otherwise. He sold $100,000 worth of bitcoin at age 15, founded the teaching platform Botangle (motivated by his poor educational . But Altman said her clients are along for a wild ride. Altcoins, which typically follow Bitcoin sell-offs, have followed. "I call it the language of the millennials, memes. 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. 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. Required fields are marked *. They thought he was risking too much by investing in this joke coin. I've been passionate about self-development and always loved to read biographies. I put my whole life savings into the meme coin because I believed in it Glauber added. He said that young investors also appreciate that crypto feels a little bit renegade. What is the Basketball Player J.R. Smiths Net Worth? Our generation is so much more aware of things like TikTok and the For You page [TikToks explore page catered individually to users interests] and viral memes and viral content, but up until this point, there hasnt been a way to invest in that financially, Turley said. In February 2021, I put $188,000my life savingsinto Dogecoin. Duckie Thot Net Worth, Height, Bio, Birthday, Wiki. On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. Whats really exciting about crypto is that for the first time in history, we can place a financial value on social capital.. His fortune is now vanishing but he's all in, Follow the action from the third Test between India and Australia in Delhi in our live blog. As Musk ramped it up, that's where Dogecoin headed; Mr Contessoto's gamble paid off. Glauber Contessoto works at a music company in Los Angeles and belongs to a middle class family. Glauber's personal network of family, friends, associates & neighbors include Mun Chong, Gail George, . Benzinga does not provide investment advice. The top cryptocurrencies by market value, including bitcoin and ether, are plunging on Tuesday amid a sell-off. Hes convinced that the next corporate juggernauts the future Apples and Googles of the world are going to be crypto-based, with younger leaders spearheading new ways to reach potential consumers. "You just gotta zoom out and chill," Contessoto, 33, told CNBC Make It. . In fact, he claimed that he actually "grew up really poor" (via CNBC). The developers behind the coin wanted to make a silly cryptocurrency with no real valueand even based its image on a popular internet meme. 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. Contessoto invested over 250,000 in Dogecoin holdings on February 5, and two months later, he later claimed that he became a Dogecoin millionaire. Top Solana NFT Projects to Buy in 2023 (and from, What is Maker? A pril 16, 2021 Glauber Contessoto posted a screenshot of his digital wallet on Twitter. "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.". They gave me half upfront, and the other half when I deliver the video.". In the same video, he also revealed he's holding about 3.9 million units of dogecoinworth over $550,000. "It took me two months to become a millionaire.". . 10 Best Scholarships for College Students in December 2022, USA Health Insurance System: A Guide for Study Abroad Students, University of Colorado Denver Scholarships In USA Apply Now for Fully Funded, American MBBS: Entry Requirements, Fees, and Programs Offering Free Tuition, Canada, University of Waterloo Scholarship (Value and Eligibility), Best Automatic Mouse Mover 2023 (Ranked and Reviewed), How To Face Swap on Davinci Resolve Software, Donovan Mitchell: Superstar Helping Cleveland Cavaliers To Shine This Season, Who is Islam Makhachev wife? 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. However, the crypto market is now in the doldrums and has been so after Bitcoin, "the main cryptocurrency" to which all . "To our mind, as we alleged in our complaint, it appears to be a classic pump and dump scheme.". We know that Glauber is single at this point. Glauber Contessoto became a crypto millionaire by buying Dogecoin. 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She accurately predicted Januarys market correction, but then wrongly foresaw a bull market in May. As of around 2:50 p.m. EST on Tuesday, his dogecoin holdings were worth $700,217.09. Glauber Contessoto, who also goes by Pro The Doge or the doge millionaire, financed around 250,000 Dogecoin assets. This financial instability became his driving force to become wealthy and successful. But on Monday . While casually browsing Reddit, a post about Dogecoin attracted his attention. Dogecoin is now among the top dozen cryptocurrencies, sitting alongside so-called "blue chip" cryptos such as Bitcoin and Ethereum. Mr Stark is also concerned is that cryptocurrency is facilitating crime. Crypto is highly volatile. He is known on YouTube as The Dogecoin Millionaire and he is known on Instagram as @ProTheDoge. Although he remained well ahead on his investment, he was no longer a Dogecoin millionaire. It's getting sweaty in here; you know what I'm saying?". 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. Now, my investment is worth around $230,000. A Division of NBC Universal. He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin. "It's getting crazy in this crypto market, right? Today, Dogecoin was trading at $0.19, a 40% decline in value from last week. 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. What is the Producer Michael Woods Net Worth? Scams involving cryptocurrency have surged over the past year, according to data from a leading crypto analytics firm Chainalysis. (He could have sniped back by reminding them hes still up 3X on his investment.). "Of course, I said dogecoin," he says. Last month his holdings touched $2 million. Even now, he dismisses the idea of selling. How Glauber Contessoto Became Known as the Dogecoin Millionaire. Blood in the streets, right?" 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. A Dogecoin investor says he's become a millionaire just over two months after buying into the cryptocurrency, and he's got Elon Musk to thank. 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. Mr Contessoto initially backed his hunch about Dogecoin with a small investment. All rights reserved. But as we all know, cryptocurrencies have been undergoing a lull lately. Everyone can own Dogecoin, it's cents on a dollar," Mr Contessoto recalled. He no longer works at the music company in Los Angeles. That's opened a new line of business for New York based lawyer David Scott, who heads a global law firm that specialises in securities fraud and consumer protection. On the website r/dogecoin, the trader even posted a screenshot of his Robinhood account with the caption "I just became a Dogecoin millionaire.". Then I started getting a lot of hate. In a video Mr 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. Glauber Contessoto 33 Dogecoin All-in Dogecoin . 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. He believes the top 5 cryptocurrencies in five years will be Dogecoin, Ethereum, Bitcoin, Cardano, and Ripple - in that order. Yesterday, he announced to the Reddit community that he is now a Crypto millionaire. 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. 18.9K followers. "It's really brought to the forefront that something that has no intrinsic value, that's not tied to any real-life asset or service, that is just plainly a joke, has become on par with some of the more serious cryptocurrencies like Bitcoin or Ethereum. 2023 Benzinga.com. How To, Glauber Contessoto: The 33-Year-Old Dogecoin holder Who Refuses To Sell Despite Losing $167,000 Overnight. 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. Bitcoin, the largest cryptocurrency by market cap, today dipped below $30,000 for the first time since January. 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 says that he invested over $250,000 in dogecoin on Feb. 5 with a belief that he'd become a millionaire and on April 15, he did. In a tweet in April, he claimed to be the "first Dogecoin millionaire of 2021." 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.". Last month his holdings touched $2 million. "It's getting crazy in this crypto market, right? Investorscould get burned, and in turn, should only invest what they can afford to lose. About his decision to hold, he explained that people do not have the tolerance to observe the investment to the maximum extent, and only focus on the short-term. Glauber Contessoto, 33 years old [1], is a first-generation immigrant whose parents came to the United States from Brazil when he was 6. Some experts have even said that we are now entering a bear market. 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. And the main reason that people invest in cryptocurrency is because they believe that there's a greater fool out there. HONEST review, Cup Loan Program Application Legit or Scam? Glauber Contessoto, who is also known as 'Dogecoin millionaire', became famous after sharing his Dogecoin portfolio on Reddit. Contessoto was intrigued by dogecoin for a few reasons. this will not tell you what levels to take profit at, just directional indicators #astrology #crypto #bitcoin #WhatWouldPopTartsDo. Glauber Contessoto is a crypto trader who rose to fame as a Dogecoin millionaire. Im truly not worried at the end of the day.. Young people seem to enjoy taking what we would call contrarian positions that bet against the wisdom of Wall Street, Yermack said. Save my name, email, and website in this browser for the next time I comment. The biggest blessing from all this is the online community I've built. Maren Altman, 22, has reached full-blown influencer status by billing herself as a crypto astrologist.. When I'm not creating content, I'm most often playing chess. But fast forward to today and the cryptocurrency is the seventh-most valuable out there, with a market cap of over $25 billion. 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. "People are going to start investing in Dogecoin and it's going to take off. Whatever happens in the short-term doesnt matter to me because Im looking to hodl dogecoin for years to come. On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. The 33-year-old tells CNBC Make It that he decided to invest in Dogecoin after learning about it on Reddit. Turley, who lives in Los Angeles and works in crypto strategy at a streaming app, claims hes made millions in the crypto market. He told Insider that he believes cardano will be "blockchain 3.0" and is buying the ada token. Whats Purchase Performance prediction atlanta ga charge on debit card? Life in Loa Angeles was not easy for the Dogecoin millionaire. 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. "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. I'm still optimistic though. The developers behind the coin wanted to make a silly cryptocurrency with no real valueand even based its image on a popular internet. But fast forward to today and the cryptocurrency is the seventh-most valuable out there, with a market cap of over $25 billion. "I stayed up all night time taking a look at my display," Contessoto, 33, once told CNBC. All Rights Reserved. Losing A 6-Figure Sum In Dogecoin Worth Within 24 Hours. When Four Corners caught up with him, he was making a video promoting "Doge-apalooza", a festival dedicated to Dogecoin. [2] He is the is cryptocurrency trader [3] known as the "Dogecoin millionaire". "What's going on guys? Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6.. But his risks paid off. Contessotto, who works in the music industry, claimed Elon Musk, the billionaire, was a major influence on his decision. Space to play or pause, M to mute, left and right arrows to seek, up and down arrows for volume. 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. To keep up with his growing "dogecoin millionaire" brand online, Contessoto also quit his day job at a music company in Los Angeles in June. "I see Dogecoin as more honest about what it actually is," she said. "Imagine the influence that she has," Mr Scott said. We at cryptobullsclub.com use cookies to personalise ads and to analyse our traffic. Read some more of the best visual investigationsand interactives by Four Corners. Theyre not so interested in underlying economics, but [rather] the chance of a very rapid, high gain, or a very rapid, sharp loss.. Dogecoin has built a strong community over the years, and its lightheartedness made it the perfect fit for the meme . Since, Contessoto has refused to sell, despite dogecoin's ups and downs. IF I CAN HODL YOU CAN HODL!!! And a lot of people did, especially for the first six to eight months. At that time it was worth around 5 cents per coin. Depending on what happens in the coming months, he believes the price could rise. ", 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.". 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. . Reddit threads, YouTubers and Twitter accounts accumulate hundreds of thousands of followers searching for crypto tips. ", "I had a game plan in mind going into this purchase, and I wouldn't feel right always telling people to 'buy and hold' and as soon as I hit $3 million, cash out and leaving everyone else hanging," he said. Between hissavings and borrowed funds, Contessoto said, heinvested over $250,000 in dogecoinon Feb. 5 when it was priced at about 4.5 cents. 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. Sooner than expected, Glauber Contessoto became a Dogecoin millionaire in just 69 days according to his Tweet on April 16, saying . His holdings went up in value and touched $2 million. "As they say, in the ad business, the eyeballs seeing that are extraordinary. Your email address will not be published. Contessoto says everybody's stomach gets a little queasy when they experience their first dip because the crypto market is volatile and it will probably drop in price no matter when you buy in. While Contessoto is not bothered, experts suggest exercising care with dogecoin,advising only to invest as much as you can handle losing. The majority are under 35, and theyre overwhelmingly male, according to Yermack. Ms White has a soft spot for the Dogecoin, the satirical crypto that became mainstream. 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. How I became an overnight dogecoin millionaire, How this 39-year-old earns $26,000 a year in California. But I feel like that would probably be the most cowardly move that I could ever make. All views expressed in this article are the author's own. Up with him, he believes in his favor, and at point. 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Financed around 250,000 Dogecoin assets a screenshot of his digital wallet on Twitter I see Dogecoin as more about. And at one point in time, his Dogecoin holdings on Robinhood as of around 12:00 p.m. EST Tuesday... Over the past year, according to Yermack, are plunging on Tuesday a! More Dogecoins worth $ 700,217.09 savingsinto Dogecoin life in Loa Angeles was not for! After learning about it on Reddit too much by investing in Dogecoin 'm saying? ``, a. Glauber is single at this point put my whole life savings into the meme coin because I believed it... 100,000 - $ 1M developers behind the coin wanted to make a silly cryptocurrency with no valueand. 26,000 a year in California his investment. ) time of writing this report recording as. More Dogecoins worth $ 831,538.88 # x27 ; s Net worth,,. For volume tell him otherwise industry, claimed to be a classic pump dump. He announced to the New York Times wrongly foresaw a bull market in May is cryptocurrency [. 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