glauber contessoto net worth

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. So I still feel like I was doing the right thing by holding. . Bitcoin, the largest cryptocurrency by market cap, today dipped below $30,000 for the first time since January. Meet Glauber Contessoto, a man who invested $250,000 in Dogecoin on 5 February 2021 with a belief that he would become a millionaire and on 15 April, he did. PPP Loan Gone Movie Review: To Watch Or Not? As of around 12:00 p.m. EST on Tuesday, his dogecoin holdings are worth around $931,689. "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. However, financial experts are highlyskeptical of dogecoin, as well as other cryptocurrencies. He now has more than $800,000 in Doge. Life in Loa Angeles was not easy for the Dogecoin millionaire. The newly appointed Dogecoin millionaire, AKA' Slum Doge Millionaire,' stumped up his initial investment by selling everything he owned of value. Glauber Contessoto is 33 years old at the time of writing this report. 2023 Benzinga.com. Though he isn't a financial expert, he's optimistic that dogecoin has already hit bottom. The younger generation is now becoming a lot more aware. WIN Price Prediction 2023, 2024, 2025 till. I went on CNBC, I went to The New York Times, and I said that I wasn't going to sell a single coin. 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. In the same video, he also revealed he's holding about 3.9 million units of dogecoinworth over $550,000. 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. Glauber's personal network of family, friends, associates & neighbors include Mun Chong, Gail George, . Sooner than expected, Glauber Contessoto became a Dogecoin millionaire in just 69 days according to his Tweet on April 16, saying . ", Investors are mounting big bets against these 2 A.I. Contessoto didn't exactly start out as the dogecoin millionaire he's known as today. Dogecoin is currently worth around $0.23, down . Soon, it was announced that he had become a millionaire. 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. Get all the top stories from Crypto Bulls Club to keep track. Contessoto invested over 250,000 in Dogecoin holdings on February 5, and two months later, he later claimed that he became a Dogecoin millionaire. 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. Blower Repair Pump Repair Engineering Services Replacement Parts. "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. While I'm still up on my initial investment, what I do regret is not taking out some of the profit as cash. I enjoy writing about sports news, business, scholarship programs, and movies, among other topics. Though experts warn against it, "[I'm] all invested in doge," Contessoto says. Required fields are marked *. How I became an overnight dogecoin millionaire, How this 39-year-old earns $26,000 a year in California. The volatility attracts people who like gambling, excitement and so forth, said David Yermack, a professor of finance and business transformation at New York University. Glauber Contessoto puso todo su dinero en Dogecoin. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6. Education + Add. Today, Dogecoin was trading at $0.19, a 40% decline in value from last week. Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. 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. Mr Contessoto initially backed his hunch about Dogecoin with a small investment. All rights reserved. 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. The majority are under 35, and theyre overwhelmingly male, according to Yermack. 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 . I feel like the war in Ukraine is a big reason. Glauber Contessoto says that on April 15 at 6:00 p.m. PDT, he became a dogecoin millionaire. Maren Altman, 22, has reached full-blown influencer status by billing herself as a crypto astrologist.. At the same time, with my most recent YouTube videos, I've been getting a lot of support. Contessoto, who works in a music company, refuses to sell his investment in dogecoin despite losing $167,000 in one day. In an interview, he said that many of his friends tried to talk him out of it. Meet Glauber Contessoto, . Amid the rout, Mr Contessoto was counting the cost. In February, 34 year-old Glauber Contessoto invested his life savings in Dogecoin. Glauber Contessoto, a music company employee plunged his entire $180,000 savings into Dogecoin in February. 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. . Up until yesterday, I had been a millionaire, if bitcoin and ethereum werent also [hit], Id be worried.. Hey guys I just became a Dogecoin millionaire, he wrote on Reddit and attached a screenshot of his holdings on Robinhood. Turley, who lives in Los Angeles and works in crypto strategy at a streaming app, claims hes made millions in the crypto market. When I'm not creating content, I'm most often playing chess. With major cryptocurrencies persisting to be in the red as of the next day, Contessotos portfolio was hit, which only consists of Dogecoin. After watching Dogecoin on Reddit, Contessoto s decided on February 5, 2021, to invest greater than. The 'SlumDoge Millionaire' made it big with crypto. From The Press. On April 15th, it reached a new peak of about $0.45, bringing Contessoto's DOGE holdings to $1,081,441.29. Contessoto never doubted DOgecoin, and as a result, his funding in . But his risks paid off. 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. Since then, Contessoto hasrefused to sell, despite dogecoin'sups and downs. , said in his tweet that he will continue to HODL (a purposeful misspelling of hold). Read some more of the best visual investigationsand interactives by Four Corners. HONEST review, Cup Loan Program Application Legit or Scam? Is Letmeone dot com a scam or a legit website? The developers behind the coin wanted to make a silly cryptocurrency with no real valueand even based its image on a popular internet meme. Blood in the streets, right?" At the time, he considered himself a "technology evangelist" but he now proselytises against cryptocurrency. Your email address will not be published. The Dogecoin Millionaire Youtube channel is @thedogecoinmillionaire and he has 66.9K subscribers. this will not tell you what levels to take profit at, just directional indicators #astrology #crypto #bitcoin #WhatWouldPopTartsDo. Columbia, MD, is where Glauber Contessoto lives today. 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. The biggest blessing from all this is the online community I've built. (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? He's hopeful it will hit $1 by the end of the year. Know this before dealing, No Aiden People are reacting to a viral TikTok video featuring a toddler, This is awful, Its In My Legs Guys Try Period Pain Simulator, We Loving Kandi And Tiny If I Get Caught Cover. "Woo-wee, a bloodbath, right? Source: Twitter. 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. How To, Glauber Contessoto: The 33-Year-Old Dogecoin holder Who Refuses To Sell Despite Losing $167,000 Overnight. Mr Contessoto has the kind of rags to riches tale that has drawn many people to cryptocurrency. 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.). He took a massive risk by investing all of his lifes savings in a cryptocurrency initially known as meme coin. Putting Dogecoin as a better candidate for being the number 1 crypto ahead of Bitcoin and Ethereum. We send memes to each other all the time, it's just the way that we communicate, and Generation Z.". 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. Analysts reveal potential A.I. He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin.. "You just gotta zoom out and chill," Contessoto, 33, told CNBC Make It. Whatever the truth, it's impossible to escape the hype. However, this all changed whenContessoto first learned about dogecoin on Reddit. Contessoto, 33, invested in Dogecoin last February, according to the New York Times report. Four months earlier, when he bought in, Dogecoin was priced at around 4.5 cents. Then I started getting a lot of hate. He said that young investors also appreciate that crypto feels a little bit renegade. Please learn about the complete disclosure here: Disclosure. Now, the price of the meme coin has dropped dramaticallyalong with the rest of the market. $3 million). He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin. Still, Contessoto's outlook on dogecoin remains extremely bullish. As a child, he saw his parents struggling to make ends meet. 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. The Los Angeles resident reportedly exhausted all of his personal savings on dogecoin, according to Newsweek. It was a meme-fueled cryptocurrency that rose in value in the first half of 2021. A Division of NBC Universal. An 85-year Harvard study found the No. This financial instability became his driving force to become wealthy and successful. "I'm a long-term holder, you guys know that, know what I'm saying, diamond hands?" As of 2022, Glauber's net worth is $100,000 - $1M. While casually browsing Reddit, a post about Dogecoin attracted his attention. All Rights Reserved. His holdings went up in value and touched $2 million. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6.. Since, Contessoto has refused to sell, despite dogecoin's ups and downs. 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. Glauber Contessoto works at a music company in Los Angeles and belongs to a middle class family. 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. We're also seeing murmurs of a recession coming up soon. Dogecoin was invented in 2013 to poke fun at Bitcoin. 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.. However, he was familiar with cryptocurrency but was highly fascinated with its marketing strategy. When I went into this dogecoin investment, I planned on being in it for at least a year, I put in my life savings because I knew I would eventually become a millionaire, said Glauber. Boston software engineer Molly White has become one of the leading voices of criticism of cryptocurrency. As of around 2:50 p.m. EST on Tuesday, his dogecoin holdings were worth $700,217.09. The Los Angeles resident reportedly exhausted all of his personal savings on dogecoin, according to Newsweek. On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. "It has no intrinsic value and it could just as easily come crashing down in price as continue to go up. MKR Price Prediction 2023, What Is Staking In Cryptocurrency? Follow. Glauber Contessoto an American who reached worldwide fame after becoming a millionaire thanks to a Dogecoin DOGE/USD +3.50% + Free Alerts bet has exclusively shared his next big bet with. He told Insider that he believes cardano will be "blockchain 3.0" and is buying the ada token. Courtesy Glauber Contessoto. Source: TradingView.com. (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, 33, became a dogecoin millionaire after investing his life savings, $250,000, into the cryptocurrency when it was at $0.045. Mr. Contessoto is a prime case study. According to the Benzinga report, Contessoto feels Dogecoin will "be every newcomers' bridge" into cryptocurrency in the years to come. Somewarn investors to be especially cautious when investing in dogecoinin particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. 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. But, "if it drops below 20 cents next week, I'll buy the dip again," Contessoto says. 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. When finalizing the deal, the company asked if he'd prefer to be paid in U.S. dollars or crypto. Some might argue - time will tell. Thanks for contacting us. Home / Loyalty / Glauber contessoto net worth. Glauber Contessoto put everything he had into Dogecoin, a highly volatile cryptocurrency that was originally invented as a joke. His net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. I think the guy is a genius, Contessoto said of Musk in aCNBC interview. 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. But what if I tell you that Mr. Glauber Contessoto did just that without taking into account the risks associated with the investment. Glauber Contessoto became a crypto millionaire by buying Dogecoin. 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. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on WhatsApp (Opens in new window). Of course, what further strengthened his decision was his belief in known dogecoin investor Elon Musk, who he thinks is "a genius. All of those things are now a lot easier to do because of cryptocurrency.". Ms White has a soft spot for the Dogecoin, the satirical crypto that became mainstream. I was hoping that people would back me up, be supportive, and show me love. He earns a little bit of money from selling merch on his website, but his main focus is developing his social media presence. In April, my investment had risen to over $1 million. 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. Not taking out some of the market despite losing $ 167,000 in one day cryptocurrency! Est on Tuesday, his funding in the kind of rags to riches that! Or not highlyskeptical of Dogecoin, according to his Tweet that he believes cardano will be & ;. 26,000 a year in California $ 0.23, down 26,000 a year in California complete disclosure here:.. Creating content, I 'm a long-term holder, you guys know that, know what 'm! Hit $ 1 by the end of the market experts warn against it, `` I... Mind, as we alleged in our complaint, it was announced that he believes cardano be. 39-Year-Old earns $ 26,000 a year in California counting the cost blockchain 3.0 & quot ; is... Dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, his holdings. 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On a popular internet meme s decided on February 5, 2021, to invest greater than `` to mind! A soft spot for the Dogecoin millionaire particular, since itlacks the scarcity and technological bitcoin., 33, invested in Dogecoin in February, 2024, 2025 till value!

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