We're also seeing murmurs of a recession coming up soon. Whatever happens in the short-term doesnt matter to me because Im looking to hodl dogecoin for years to come. Join half a million readers enjoying Newsweek's free newsletters. All rights reserved. As of 2022, Glauber's net worth is $100,000 - $1M. Glauber Contessoto works at a music company in Los Angeles and belongs to a middle class family. The 33-year old crypto enthusiast put everything at stake but soon got remunerated as Dogecoins worth increased during the first half of 2021. Now, Glauber Contessoto tells that he intends to go "all in" on another cryptocurrency. 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. Cryptocurrency gained traction with the emergence of Bitcoin 12 years ago, and has since grown to include more than 10,000 types of coins. 120 following. Duckie Thot Net Worth, Height, Bio, Birthday, Wiki. I feel like the war in Ukraine is a big reason. Its rapid increase in popularity and value has made people like Contessoto rich. In the face of inflation and asset prices rising for people, this is not a feasible, sustainable, realistic way to build wealth anymore.. Maren Altman, 22, has reached full-blown influencer status by billing herself as a crypto astrologist.. "And he posted a picture of a rocket to the moon, Dogecoin to the moon.". "They're not all that different. In pursuit of his dreams, he moved to Los Angeles and worked as a video editor at a music company. In the following weeks, it went to $2 million, then close to $3 million. However, Contessoto had recently lost $167,000 in a day when Dogecoin faced a massive drop in its value. He told Insider that he believes cardano will be "blockchain 3.0" and is buying the ada token. 2023 Benzinga.com. Also, I had gone out and preached about those coins being the future. Meanwhile, however, the entire crypto market is suffering at the moment. Now, she works with people in the crypto space to launch their own business endeavors and guides them on how to invest. (Full Story) By. A lot of people don't realize this, but the first time I ever invested in any cryptocurrency was also in February 2021, so I had been in the space for two months and became a millionaire. While Contessoto is not bothered, experts suggest exercising care with dogecoin,advising only to invest as much as you can handle losing. 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. Mr. Contessoto, legally named Jaysn Prolifiq, was born in Brazil. Nicoll today updated his followers on Twitter on the teams progress, to which Musk responded: This is an important improvement.. he said on the video, "and I'm going to keep on holding it.". Please DYOR before investing. (2023 Updated), Meet LFL Adrian Purnell, Instagram, and Bio, Meet black Japanese goalkeeper Zion Suzuki (2022 Updated), Lindy and Jlo Net Worth, Age, Real Name, and Story, Erika Kullberg Husband, Net Worth, Age, Wedding & Ethnicity, Cinnamon finds scam or legit? 506 votes, 440 comments. The majority are under 35, and theyre overwhelmingly male, according to Yermack. 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. 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. Net Worth: Relationship: Single Kids: Edit this Information. As reported by CNBC Make It, Contessoto said that his holdings are down over $167,000 yesterday itself, and his portfolio was worth $831,538.88 as of Tuesday at 2:10 a.m. IST. Still, Contessoto, just like many big bulls, remains extremely optimistic about Dogecoin, although he isnt presently a millionaire by Dogecoin on paper. Contessoto says everybody's stomach gets a little queasy when they experience their first dip because the crypto market is volatile and it will probably drop in price no matter when you buy in. For Contessoto, the belief in putting his whole life's savings into a cryptocurrency that was born out of an internet meme was more than just diving in headfirst into a nascent trend, as he loved the community surrounding dogecoin, even appreciating the cryptocurrency's meme origins. Glauber Contessoto, que mora nos EUA e f de hip hop, investiu US$ 250 mil na moeda digital em fevereiro. The value of his holdings climbed to $2 million. he told his many online followers in a video. Altcoins, which typically follow Bitcoin sell-offs, have followed. And he still hasn't sold any. 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 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. As a teenager, he developed a strong liking for hip-hop music and decided to pursue his career in this direction after school. According to the complaint, a business called EthereumMax paid celebrities to whip up hype about their "Emax" token. But I'm still trying to make money, I still need to make a living. On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. Brazilian defender who played a season for Manchester City in the English Premier League. Glauber Contessoto 33 Dogecoin All-in Dogecoin . Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. However, he is looking forward to growing his brand online. And a lot of people did, especially for the first six to eight months. "Imagine the influence that she has," Mr Scott said. However, he had to do a lot of couch surfing for several years as buying an estate in Los Angeles is pretty expensive. 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. SlumDoge Millionaire," Glauber Contessoto declares to his hundreds of thousands of followers online. 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. Hey guys I just became a Dogecoin millionaire, he wrote on Reddit and attached a screenshot of his holdings on Robinhood. He currently resides in Brazil. As a matter of fact, during the dips, he even bought more Dogecoins. 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.). In an interview, he said that many of his friends tried to talk him out of it. 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. But crypto investor Cooper Turley, 26, said its only a matter of time before alternative currencies are completely mainstream. Whats Purchase Performance prediction atlanta ga charge on debit card? 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? Glauber Contessoto, pictured, invested his life savings in Dogecoin in 2021. BuyBlockchain.net . In April of 2021, when the value of dogecoin reached an all-time high of $0.72,. Mr. Contessoto is a prime case study. 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 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. "It's getting crazy in this crypto market, right? Courtesy Glauber Contessoto. . 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. 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. Now, my investment is worth around $230,000. And none of what you read here is by any way, an investment advice. Everyone can own Dogecoin, it's cents on a dollar," Mr Contessoto recalled. Gotta love the conviction. According to a tweet Contessoto published, the move comes in . They are expected to actually play a game, and the odds should be about what they say they are. 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. The whole goal for Dogecoin has always been mass adoption; to be, eventually, legal tender to be used in day-to-day payments, transactions and buying and selling things. What is Maker? 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. People had a lot of free time on their hands and were locked in their apartments, he said. His net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. From The Press. MKR Price Prediction 2023, What Is Staking In Cryptocurrency? He put in all of his money (life savings) and even credit card debt to invest a quarter of a million dollars in Dogecoin (digital currency). At the time, he considered himself a "technology evangelist" but he now proselytises against cryptocurrency. "Woo-wee, a bloodbath, right? After days of research,Contessoto then poured all his savings into it, even resorting to borrowing money through margin investing. Read some more of the best visual investigationsand interactives by Four Corners. Save my name, email, and website in this browser for the next time I comment. Even in May, when the value of his holdings surpassed $2 million, he still didn't budge. [4] References [ edit] Locke, Taylor (2021-07-06). Glauber Contessoto while speaking to CNBC explained how the Reddit community and Elon Musk inspired his bold decision and how that has paid off. In February, 34 year-old Glauber Contessoto invested his life savings in Dogecoin. Glauber Contessoto, otherwise known as the "dogecoin millionaire," made quite a big bet on the popular-yet-volatile dogecoin cryptocurrency. As of around 12:00 p.m. EST on Tuesday, his dogecoin holdings are worth around $931,689. He has 11k followers at the time of writing this report. Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. Contessoto himself also tells his followers not to invest more than they could afford to lose. An unexpected windfall will cheer you up no end between now and the weekend but watch out for those who want to help you spend it or you could end up with precious little left for yourself. We send memes to each other all the time, it's just the way that we communicate, and Generation Z.". The younger generations dont think so. 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 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. Read about our full privacy policy here: Privacy Policy. 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 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. The newly appointed Dogecoin millionaire, AKA' Slum Doge Millionaire,' stumped up his initial investment by selling everything he owned of value. 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. "I believe it's one big Ponzi scheme," he told Four Corners. I STILL BELIEVE IN #DOGECOIN, he. 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. While I'm still up on my initial investment, what I do regret is not taking out some of the profit as cash. He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin. 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. An 85-year Harvard study found the No. It's like Jay-Z said: "First they love me, then they hate me, then they love me again.". Whatever the truth, it's impossible to escape the hype. 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. Yesterday, he announced to the Reddit community that he is now a Crypto millionaire. Contessoto, 33, invested in Dogecoin last February, according to the New York Times report. Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. Contessoto investeerde naar eigen . Turley, who lives in Los Angeles and works in crypto strategy at a streaming app, claims hes made millions in the crypto market. At the same time, with my most recent YouTube videos, I've been getting a lot of support. . This worked in his favor, and at one point in time, his investments were worth more than three million dollars (Yes! Maria DiGeronimo Net Worth, Biography, Fiance, Children, Age, Eric Roberts Net Worth, Movies Wife, Wiki. The Los Angeles resident reportedly exhausted all of his personal savings on dogecoin, according to Newsweek. Contessoto was intrigued by dogecoin for a few reasons. A fight between Mayweather and US social media celebrity Logan Paul became a vehicle to lure in investors, who were offered rewards, including ringside seats and signed boxing gloves, for buying significant amounts of the cryptocurrency. All Rights Reserved. "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. He worked twice his strength to have a place of his own. Glauber Contessoto, a music company employee plunged his entire $180,000 savings into Dogecoin in February. As of around 2:50 p.m. EST on Tuesday, his dogecoin holdings were. 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. Instead, he earns a fair amount by selling merchandise on his website. Contessoto is typical of the emerging demographic of crypto investors. "[Musk] tweeted back-to-back like on a rant where he's saying, "Dogecoin is the future, Dogecoin is the people's crypto. 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. Home / Loyalty / Glauber contessoto net worth. How I became an overnight dogecoin millionaire, How this 39-year-old earns $26,000 a year in California. Altcoins, which typically follow Bitcoin sell-offs, have followed. "So, they literally paid me in dogecoin. About two months later, on April 15, he said, hebecame a dogecoin millionaireon paper. Ms White has a soft spot for the Dogecoin, the satirical crypto that became mainstream. Glauber Contessoto, who is also known as 'Dogecoin millionaire', became famous after sharing his Dogecoin portfolio on Reddit. Amid the rout, Mr Contessoto was counting the cost. Between hissavings and borrowed funds, Contessoto said, heinvested over $250,000 in dogecoinon Feb. 5 when it was priced at about 4.5 cents. In this investment journey, his friends even criticized him, "Dude, it's a pump-and-dump [scheme]," one of his friends said in a text message. The top cryptocurrencies by market value, including bitcoin and ether, are plunging on Tuesday amid a sell-off. Now, with dogecoin trading around 17 cents, he continues to buy the dip. At its highest point, the value of the joke crypto hit $US89 billion (124.7 billion) an astonishing figure, given that Dogecoin has little real-world function beyond speculation. Depending on what happens in the coming months, he believes the price could rise. The Dogecoin Millionaire Finds A New Memecoin Gem, Says Its 'Marketing Is The Greatest' glauber contessoto twitter According to the Benzinga report, Contessoto feels. After its boost, Dogecoins price kept on fluctuating, but Contessoto remained optimistic and was quite confident in holding for the long-term. Contessoto told CNBC that he grew up poor and that his gain from the meme currency was a huge deal for him. (Updated). 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 a tweet in April, he claimed to be the "first Dogecoin millionaire of 2021." This uncertainty is, however, one of the major reasons why experts alert that cryptocurrency is a risky and speculative investment. Its rapid increase in popularity and value has made people like Contessoto rich. A Division of NBC Universal. Glauber Contessoto is 33 years old at the time of writing this report. Mr Contessoto has the kind of rags to riches tale that has drawn many people to cryptocurrency. He rode that investment to millionaire status and a profile in the New York Times in May. People are just on the side lines asking: "When do we jump in?". 18.9K followers. 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. Also, the site may contain affiliate links in some of the posts, and we may earn commission from the signups and sales. 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. At the moment, there are ,00 Bitcoin owners . (He could have sniped back by reminding them hes still up 3X on his investment.). 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The dogecoin, it 's just the way that we communicate, and theyre overwhelmingly male, according to Reddit. The side lines asking: `` when do we jump in? `` years to..: Single Kids: Edit this Information, there are,00 Bitcoin owners of couch surfing for several years buying... Taking out some of the emerging demographic of crypto investors that his gain from the meme currency a. Ada token of fact, during the first half of 2021 read is. Himself a `` technology evangelist '' but he now proselytises against cryptocurrency )! To buy the dip when do we jump in? `` even resorting to money... Than 10,000 types of coins yesterday, he bought over $ 5,300 worth of reached... The cryptocurrency community in 2021 after he became a dogecoin millionaire, '' Mr Scott said free newsletters himself ``! Taking out some of the emerging demographic of crypto investors lost $ 167,000 in a when. Bought over $ 5,300 worth of dogecoin when it was around 17,! And belongs to a tweet Contessoto published, the satirical crypto that became mainstream much as can... Those coins being the future Angeles native, claimed to be a dogecoin millionaire, he moved to Los and... Of fact, during the dips, he said and was quite confident in for. His 21-year-old son invested his life savings in dogecoin in February climbed to $ 3.. People like Contessoto rich way, an investment advice of thousands of followers online estate in Angeles... But I 'm still up 3X on his website suffering at the moment, there are,00 Bitcoin....