Contessoto believes in dogecoin so much that he now requests to be paid in it whenever he works with crypto brands on social media promotions. Glauber Contessoto him Maria DiGeronimo Net Worth, Biography, Fiance, Children, Age, Eric Roberts Net Worth, Movies Wife, Wiki. 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. 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. In addition, Contessoto shared in recent a YouTube video that he's selling his own beard cream lineup called the "Diamond Hand." According to CoinMarketCap, Dogecoin is at the moment trading at around $0.2191, with a market value of over $28 billion. Gen Z and millennial investors are flocking to buy shares of cryptocoin, such as Bitcoin or Ethereum, with the hopes of winning big. How Glauber Contessoto Became Known as the Dogecoin Millionaire. 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. But Altman said her clients are along for a wild ride. The developers behind the coin wanted to make a silly cryptocurrency with no real valueand even based its image on a popular internet. The leading community for cryptocurrency news, discussion, and analysis. So far, her record is a bit uneven. One of them is just more plainly based in the shared belief that a silly dog token will go up in value.". Its rapid increase in popularity and value has made people like Contessoto rich. However, financial experts are highlyskeptical of dogecoin, as well as other cryptocurrencies. 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. But as we all know, cryptocurrencies have been undergoing a lull lately. Source: TradingView.com. Last month his holdings touched $2 million. 120 following. Contessoto, who works at a Los Angeles hip-hop media company, according to the NYT, said in his tweet that he will continue to HODL (a purposeful misspelling of hold). Its rapid increase in popularity and value has made people like Contessoto rich. At the time, he considered himself a "technology evangelist" but he now proselytises against cryptocurrency. Glauber Contessoto, 34, lives in Las Vegas, Nevada. While casually browsing Reddit, a post about Dogecoin attracted his attention. "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. BuyBlockchain.net . 5.8M subscribers in the CryptoCurrency community. The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. MKR Price Prediction 2023, 2024, 2025 to, How to find DeFI Coins Before they Pump (with TokenTerminal), How to use ConsenSys zkEVM Testnet (and Possible Airdrop), Vela Exchange (DXP) Airdrop Guide: How to get DXP tokens, Liquid Staking Derivatives On Ethereum: Top LSD Protocols 2023, 5 Amazing Tips To Invest In Cryptocurrency And Never Regret, Matrix AI Network (MAN) Price Prediction 2023, 2024, 2025 to, Mask Network Price Prediction 2023 to 2030: Can Mask reach, What is WinkLink? "What's going on guys? According to a tweet Contessoto published, the move comes in . In February 2021, I put $188,000my life savingsinto Dogecoin. If I dont have a lot to start out with, theres not as much to lose.. When finalizing the deal, the company asked if he'd prefer to be paid in U.S. dollars or crypto. he said on the video, "and I'm going to keep on holding it.". Once I put it all out there, I even had people messaging me apologizing for saying mean things to me before. How I became an overnight dogecoin millionaire, How this 39-year-old earns $26,000 a year in California. But what if I tell you that Mr. Glauber Contessoto did just that without taking into account the risks associated with the investment. Source: Twitter. Even if that sounds like Gen Z nonsense to older investors, she said her audience is looking for a change of pace. It's getting sweaty in here; you know what I'm saying?". In #Dogecoin. Cryptobullsclub is a trusted Indian crypto community followed by crypto traders and investors all over the world. Blood in the streets, right?" he told his many online followers in a video. Contessoto didn't exactly start out as the dogecoin millionaire he's known as today. uses and the stocks to play it. He believes in his dog god and no one can tell him otherwise. He plans to buy more of the digital coin and "hodl" for the long haul. The coin hit 16 cents Tuesday morning before inching up to 17 cents. Last February of 2021, Glauber Contessoto, 33 years old and a crypto trader, invested all of his money in Dogecoin. Glauber Contessoto puso todo lo que tena en Dogecoin, una criptomoneda muy voltil que se invent originalmente como una broma. Theres a kind of existential nihilism, Altman said. So, I followed my heart. Now, she works with people in the crypto space to launch their own business endeavors and guides them on how to invest. She accurately predicted Januarys market correction, but then wrongly foresaw a bull market in May. 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. 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. I went on CNBC, I went to The New York Times, and I said that I wasn't going to sell a single coin. However, he was familiar with cryptocurrency but was highly fascinated with its marketing strategy. Glauber Contessoto, 33, became a dogecoin millionaire after investing his life savings, $250,000, into the cryptocurrency when it was at $0.045. "Of course, I said dogecoin," he says. Up until yesterday, I had been a millionaire, if bitcoin and ethereum werent also [hit], Id be worried.. "As they say, in the ad business, the eyeballs seeing that are extraordinary. HONEST review, Cup Loan Program Application Legit or Scam? People had a lot of free time on their hands and were locked in their apartments, he said. (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 said that young investors also appreciate that crypto feels a little bit renegade. Two months later, in April, he became a. Glauber Contessoto, pictured, invested his life savings in Dogecoin in 2021. The 33-year-old tells CNBC Make It that he decided to invest in Dogecoin after learning about it on Reddit. 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. . In a tweet, Contessoto celebrated his one-year anniversary since becoming a millionaire albeit momentarily and insisted that he's "just getting started.". I had a lot of learning to catch up on; the theory, the utility, understanding what blockchain technology is all about. Yesterday, he announced to the Reddit community that he is now a Crypto millionaire. Nicoll today updated his followers on Twitter on the teams progress, to which Musk responded: This is an important improvement.. Blood in the streets, right?" Somewarn investors to be especially cautious when investing in dogecoinin particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. Reddit threads, YouTubers and Twitter accounts accumulate hundreds of thousands of followers searching for crypto tips. But fast forward to today and the cryptocurrency is the seventh-most valuable out there, with a market cap of over $25 billion. Mr. Contessoto is a prime case study. In a tweet in April, he claimed to be the first Dogecoin millionaire of 2021.. 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. Keeping up with his initial plan, Contessoto will sell around 10% of his holdings when his portfolio gets as far as a $10 million value, and the rest 90% will be left as it is- invested. But I feel like that would probably be the most cowardly move that I could ever make. Though for thrill-seeking traders like Contessoto, its all part of the game. 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). The developers behind the coin wanted to make a silly cryptocurrency with no real valueand even based its image on a popular internet meme. This volatility is why experts warn that Crypto . 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. 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. An 85-year Harvard study found the No. Theyre not so interested in underlying economics, but [rather] the chance of a very rapid, high gain, or a very rapid, sharp loss.. Glauber Contessoto, que mora nos EUA e f de hip hop . Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. The Los Angeles resident reportedly exhausted all of his personal savings on dogecoin, according to Newsweek. But for Glauber Contessoto, uncertainty comes along with crypto, and if you dont have the stomach to handle the volatility factor, then perhaps crypto is not made for you. At current rates, Contessoto is still ahead in terms of net worth. $3 million). Cincoin abre as portas para uma nova era de incluso social digital iniciando a formao da sua comunidade financeira compartilhando informao e distribu. A pril 16, 2021 Glauber Contessoto posted a screenshot of his digital wallet on Twitter. Boston software engineer Molly White has become one of the leading voices of criticism of cryptocurrency. He took a massive risk by investing all of his lifes savings in a cryptocurrency initially known as meme coin. Glauber Contessoto put all his money into Dogecoin. He also showed them that he was doubling down, recording himself as he forked out another $US10,000 on Dogecoin. 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. "I'm a long-term holder, you guys know that, know what I'm saying, diamond hands?" CNBC had featured the DOGE millionaire a couple of times after the meme-themed digital asset set a new peak price of $0.74 in early May this year, and his Dogecoin became valued at more than $2m. He believes the top 5 cryptocurrencies in five years will be Dogecoin, Ethereum, Bitcoin, Cardano, and Ripple - in that order. "So, I figured, okay, this is going to be the next play," he said. . "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.". 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. Contessoto himself also tells his followers not to invest more than they could afford to lose. The way that their parents built money in a tried and true way, maybe through investment index funds or savings accounts with a low percent APY, is a joke to live off of in a way, Altman said. Your email address will not be published. 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. In just two months, it was reported that he had become a Dogecoin millionaire. Mr Stark is also concerned is that cryptocurrency is facilitating crime. 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. As of around 12:00 p.m. EST on Tuesday, his dogecoin holdings are worth around $931,689. Investorscould get burned, so they should invest only what they can afford to lose. 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. His comments follow Augustreportsthat Marvel partnered with VeVe to launch its first NFT collection featuring popular superhero Spider-Man with prices ranging between $40 and $400. Glauber Contessoto puso todo su dinero en Dogecoin. 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. After days of research,Contessoto then poured all his savings into it, even resorting to borrowing money through margin investing. . . The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice. Glauber's personal network of family, friends, associates & neighbors include Mun Chong, Gail George, . Samuel Trotter for The New York Times Background reading Glauber Contessoto. He dabbled in the music business, dabbled in the stock market, and then, last year, turned to cryptocurrency specifically Dogecoin, a digital currency based on an image of a Shibu Inu, a Japanese hunting dog, a popular internet meme. 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. Tank Davis Net Worth 2023: How Much Does Tank Davis Make? Then he decided to sell his shares and go all in, as Musk head of Tesla and Space X, the world's richest man got behind the cryptocurrency. The market overall tends to be high risk, high reward: for instance, 33-year-old Dogecoin investor Glauber Contessoto became a crypto millionaire earlier this year, only to recently lose. He has booked his investments in Dogecoin holdings till 2023 and wishes to make at least ten million dollars by the time he turns 35. IF I CAN HODL YOU CAN HODL!!! SlumDoge Millionaire," Glauber Contessoto declares to his hundreds of thousands of followers online. He earns a little bit of money from selling merch on his website, but his main focus is developing his social media presence. But I still get a lot of hate from people. 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. 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. Life in Loa Angeles was not easy for the Dogecoin millionaire. From The Press. Bitcoin, the largest cryptocurrency by market cap, today dipped below $30,000 for the first time since January. Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. 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 . HONEST review, Boughloaf.com treadmill & other products are scams: HONEST review. Whats really exciting about crypto is that for the first time in history, we can place a financial value on social capital.. Now, the price of the meme coin has dropped dramaticallyalong with the rest of the market. Investorscould get burned, and in turn, should only invest what they can afford to lose. "They're not all that different. "It felt like people were being just taken for a ride," she said. 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. Meanwhile, however, the entire crypto market is suffering at the moment. 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. 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. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6.. Education + Add. Dogecoin is trading at around 23 cents as of 4:00 p.m. EST on Tuesday, according to CoinMarketCap. 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. Contessoto will earn a total of $25,000 for an upcoming partnership between his YouTube channel and blockchain project Acria Network, he tells CNBC Make It. 33, invested his life savings in a cryptocurrency initially known as today he took a massive risk by all. 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