They gave me half upfront, and the other half when I deliver the video.". They thought he was risking too much by investing in this joke coin. This volatility is why experts warn that Crypto . 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. As to why Dogecoin and cryptocurrency is in its current state? It was at once a show of faith and a marketing strategy. "So, they literally paid me in dogecoin. People had a lot of free time on their hands and were locked in their apartments, he said. When Four Corners caught up with him, he was making a video promoting "Doge-apalooza", a festival dedicated to Dogecoin. He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin. Its an act of rebellion against traditional methods of investment and business. However, he is looking forward to growing his brand online. "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. On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. Dogecoin was invented in 2013 to poke fun at Bitcoin. Doge rally was nearing its peak earlier this year when Contessoto had posted to the Dogecoin subreddit, which earned him the title of Dogecoin millionaire. All rights reserved. They are expected to actually play a game, and the odds should be about what they say they are. I think the guy is a genius, Contessoto said of Musk in aCNBC interview. When . Mr Stark is also concerned is that cryptocurrency is facilitating crime. Contessoto, 33, invested in Dogecoin last February, according to the New York Times report. 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. As of around 12:00 p.m. EST on Tuesday, his dogecoin holdings are worth around $931,689. I started SuccessTitan to allow everyone to easily learn from the ultra-successful and achieve more in every area of their life. SlumDoge Millionaire," Glauber Contessoto declares to his hundreds of thousands of followers online. "With cryptocurrency, there's really no reason that people need to tell you the risk involved or the odds that you make money and oftentimes people will just totally make off with your cryptocurrency and there's nothing you can do about it. Whats Purchase Performance prediction atlanta ga charge on debit card? I can't sit here saying "I'm gonna hold forever" and then bail as soon as it gets a little tight. Boston software engineer Molly White has become one of the leading voices of criticism of 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). Whats Quick card san diego charge on credit card? A dollar invested in Dogecoin on Jan. 1 would be worth $203 today much more than a comparable investment in . * 2022 Insider Inc. and finanzen.net GmbH . By May 2021, Glauber Contessoto assets had grown to 2 . A young Australian tech marketer, Jackson Palmer, co-founded it to mock and satirise the hype about crypto. In April 2021, Contessoto told CNBC's "Make It. That was worth more than $7,000 at the time I interviewed them together. Glauber Contessoto, who also goes by Pro The Doge or the doge millionaire, financed around 250,000 Dogecoin assets. Up until yesterday, I had been a millionaire, if bitcoin and ethereum werent also [hit], Id be worried.. Contessoto didn't exactly start out as the dogecoin millionaire he's known as today. Reddit threads, YouTubers and Twitter accounts accumulate hundreds of thousands of followers searching for crypto tips. stocks, Salesforce results give CEO Benioff breathing room', Fast Money trader Steve Grasso said, Is ChatGPT the tip of the iceberg? Contessoto has built an online following due to his Dogecoin journey. "People are going to start investing in Dogecoin and it's going to take off. Meanwhile, however, the entire crypto market is suffering at the moment. Glauber Contessoto has now turned his attention, Cardano. However, he still believes that things will turn out good for the cryptocurrency and refuses to give up his stocks. Somewarn investors to be especially cautious when investing in dogecoinin particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. About two months later, on April 15, he said, hebecame a dogecoin millionaireon paper. Today, Dogecoin was trading at $0.19, a 40% decline in value from last week. Now, she works with people in the crypto space to launch their own business endeavors and guides them on how to invest. . The difference now is that I feel like it's going to take a lot longer than I had initially expected for these coins to be widely adopted. At the moment, there are ,00 Bitcoin owners . Whatever happens in the short-term doesnt matter to me because Im looking to hodl dogecoin for years to come. This financial instability became his driving force to become wealthy and successful. Glauber Contessoto says that on April 15 at 6:00 p.m. PDT, he became a dogecoin millionaire. Now, my investment is worth around $230,000. Hoje, tem US$ 2 milhes. Get all the top stories from Crypto Bulls Club to keep track. Even in May, when the value of his holdings surpassed $2 million, he still didn't budge. He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin.. Altcoins, which typically follow Bitcoin sell-offs, have followed. Glauber Contessoto him $3 million). When I'm not creating content, I'm most often playing chess. 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. Join half a million readers enjoying Newsweek's free newsletters. Glauber Contessoto puso todo lo que tena en Dogecoin, una criptomoneda muy voltil que se invent originalmente como una broma. I STILL BELIEVE IN #DOGECOIN, he. In February 2021, I put $188,000my life savingsinto Dogecoin. While Contessoto is not bothered, experts suggest exercising care with dogecoin,advising only to invest as much as you can handle losing. 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). However, financial experts are highly skeptical of dogecoin, as well as other cryptocurrencies. 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). The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. (He could have sniped back by reminding them hes still up 3X on his investment.). A Division of NBC Universal. But 33-year-old Los Angeles resident Jaysn Prolifiqlegally known as Glauber Contessototold Newsweek he does not regret hanging on to his . 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. Glauber Contessoto, 34, lives in Las Vegas, Nevada. As of around 12:00 p.m. EST on Tuesday, his dogecoin holdings are worth around $931,689. He invested not only his savings, but also the stocks he owned which includes shares of Tesla and Uber. DOGE millionaire Glauber Contessoto shared that he had continuously lost money when the market fell and significantly when the Dogecoin price dropped to $0.2155. Contessoto himself also tells his followers not to invest more than they could afford to lose. His holdings went up in value and touched $2 million. This uncertainty is, however, one of the major reasons why experts alert that cryptocurrency is a risky and speculative investment. However, Contessoto had recently lost $167,000 in a day when Dogecoin faced a massive drop in its value. All of those things are now a lot easier to do because of cryptocurrency.". 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. The 33-year old crypto enthusiast put everything at stake but soon got remunerated as Dogecoins worth increased during the first half of 2021. Your email address will not be published. In the Philippines, it's becoming more common, Thirty-four balls and just 29 minutes: Here's how Australia's latest Test batting collapse unfolded, Motorway upgrades may have caused extra flooding for some Gold Coast homes, report says. Glass Onion: Whats the Pisceshite Island? Glauber Contessoto, a music company employee plunged his entire $180,000 savings into Dogecoin in February. But the big thing was being a part of the Dogecoin community. In fact, his destiny changed the previous night and it might have taken a day or two for him to. According to the complaint, a business called EthereumMax paid celebrities to whip up hype about their "Emax" token. Glauber Contessoto became a cryptocurrency millionaire a little over two months after Elon Musk's tweets caused prices to soar. "All types of horrific crimes from ransomware attacks, and terrorism, and evading sanctions during war time, which is what's going on right now, drug dealing, sex trafficking. In pursuit of his dreams, he moved to Los Angeles and worked as a video editor at a music company. 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. Read about our full privacy policy here: Privacy Policy. Contessoto investeerde naar eigen . But what if I tell you that Mr. Glauber Contessoto did just that without taking into account the risks associated with the investment. However, he was familiar with cryptocurrency but was highly fascinated with its marketing strategy. 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". Glauber Contessoto Tweet. admin - May 27, 2021 . In the volatile cryptocurrency market, you don't need to be on the end of a scam to lose money. However, this all changed whenContessoto first learned about dogecoin on Reddit. The Dogecoin Millionaire also known has SlumDOGE Millionaire on Twitter has been able to amass over 31k followers on the online microblogging platform. 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. [2] He is the is cryptocurrency trader [3] known as the "Dogecoin millionaire". Required fields are marked *. The price of Dogecoin has dropped to $0.264 at the time of publishing, but Contessoto . 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