. However, he is looking forward to growing his brand online. "So, I figured, okay, this is going to be the next play," he said. Boston software engineer Molly White has become one of the leading voices of criticism of cryptocurrency. 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 became a crypto millionaire by buying Dogecoin. "You risk losing nearly all the money you put in," James Ledbetter, editor of fintech newsletter FIN andCNBC contributor, previously told CNBC Make It. As of around 2:50 p.m. EST on Tuesday, his dogecoin holdings were worth $700,217.09. 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. Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. Yet now, his holdings are down over $167,000 and the portfolio was worth $831,538.88. Source: TradingView.com. How Glauber Contessoto Became Known as the Dogecoin Millionaire. 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. 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. That changed somewhat when I decided to start doing collaborations, sponsorships, ads and promos for other cryptocurrencies and other projects. Yermack believes the pandemic only accelerated this trend. Glass Onion: Whats the inbreathiate meaning? He said that he strongly believed in Dogecoins potential and that it could help him build wealth to pass on to his family. 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 net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. A young Australian tech marketer, Jackson Palmer, co-founded it to mock and satirise the hype about crypto. All views expressed in this article are the author's own. Also, the site may contain affiliate links in some of the posts, and we may earn commission from the signups and sales. In an interview, he said that many of his friends tried to talk him out of it. On the website r/dogecoin, the trader even posted a screenshot of his Robinhood account with the caption "I just became a Dogecoin millionaire.". Other people are telling me to stay strong, others sharing their stories. 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. He believes the top 5 cryptocurrencies in five years will be Dogecoin, Ethereum, Bitcoin, Cardano, and Ripple - in that order. Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. 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. 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. Kardashian's post brought in new investors and pumped up the volume of trading. He worked twice his strength to have a place of his own. Glauber Contessoto him He claims to have become a dogecoin millionaire on paper two months later, in April. If I could go back in time, I probably would have taken out $1 million or $500,000. 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. The housing market is likely another; I feel like we're in a bubble with that. Glauber Contessoto, 33, became a 'dogecoin millionaire' after investing his life savings, or $250,000, into the cryptocurrency. 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. "And he posted a picture of a rocket to the moon, Dogecoin to the moon.". Glauber Contessoto is a crypto trader who rose to fame as a Dogecoin millionaire. . "I had no idea how I was going to make money moving forward," he says. Contessoto didn't exactly start out as the dogecoin millionaire he's known as today. In a tweet in April, he claimed to be the first Dogecoin millionaire of 2021.. Everything is just bad right now. For now, it would be really convenient for me to completely cash out. That's when he announced that he had become aDogecoin 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. Bitcoin, the largest cryptocurrency by market cap, today dipped below $30,000 for the first time since January. Glauber contessoto net worth glauber contessoto age Here's what happened: Vitalik Buterin, the live keno las vegas programmer who founded the cryptocurrency Ethereum, disclosed on Wednesday that he 6 Ripple XRP - Out of all the coins on this list, the story of Ethereum is my favorite investment on how to become rich with crypto.. Charles Hoskinson. The biggest blessing from all this is the online community I've built. SlumDoge Millionaire," Glauber Contessoto declares to his hundreds of thousands of followers online. "[Musk] tweeted back-to-back like on a rant where he's saying, "Dogecoin is the future, Dogecoin is the people's crypto. Even in May, when the value of his holdings surpassed $2 million, he still didn't budge. Read the latest news, events, reviews, videos, technical analysis and guides around crypto. Cincoin abre as portas para uma nova era de incluso social digital iniciando a formao da sua comunidade financeira compartilhando informao e distribu. His net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. Losing A 6-Figure Sum In Dogecoin Worth Within 24 Hours. Mr. Contessoto, legally named Jaysn Prolifiq, was born in Brazil. Glass Onion: Whats the Pisceshite Island? In one month, he has made $28,000 from social media ads and promotions, which was primarily paid out in dogecoin. According to the complaint, a business called EthereumMax paid celebrities to whip up hype about their "Emax" token. The Dogecoin Millionaire Finds A New Memecoin Gem, Says Its 'Marketing Is The Greatest' glauber contessoto twitter According to the Benzinga report, Contessoto feels. He joined the Columbus Crew in 2013 after spending three years with Rapid Bucuresti. The Los Angeles resident reportedly exhausted all of his personal savings on dogecoin, according to Newsweek. "They were all like, you're crazy," he said. . "Doge is my savings account," he said. . 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. Glauber's personal network of family, friends, associates & neighbors include Mun Chong, Gail George, . But, "if it drops below 20 cents next week, I'll buy the dip again," Contessoto says. At the same time, with my most recent YouTube videos, I've been getting a lot of support. AEST = Australian Eastern Standard Time which is 10 hours ahead of GMT (Greenwich Mean Time), abc.net.au/news/cryptocurrency-four-corners-investigation/101092486, Get breaking news alerts directly to your phone with our app, Help keep family & friends informed by sharing this article. Glauber Contessoto, que mora nos EUA e f de hip hop . That was worth more than $7,000 at the time I interviewed them together. Please learn about the complete disclosure here: Disclosure. 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. According to CoinMarketCap, Dogecoin is at the moment trading at around $0.2191, with a market value of over $28 billion. This financial instability became his driving force to become wealthy and successful. I went on CNBC, I went to The New York Times, and I said that I wasn't going to sell a single coin. Glauber Contessoto, 34, lives in Las Vegas, Nevada. Since then its value has declinedthough he's still optimistic. Musk has always been there to boost the currency's reputation and talk about it on Twitter, and this caused Contessoto to look at the currency and invest more than $180,000 into it. In a videoMr 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. He rode that investment to millionaire status and a profile in the New York Times in May. Glauber Contessoto Tweet. When I'm not creating content, I'm most often playing chess. However, this all changed whenContessoto first learned about dogecoin 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. What is the Basketball Player J.R. Smiths Net Worth? . 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. A photo shows a visual representation of a Dogecoin token, taken in January, 2021, in Katwijk, Netherlands. Theyre not so interested in underlying economics, but [rather] the chance of a very rapid, high gain, or a very rapid, sharp loss.. We send memes to each other all the time, it's just the way that we communicate, and Generation Z.". 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. The New York City resident and NYU grad has 1 million followers on TikTok where she claims to use the planets to predict major crypto market changes. I personally believe that next time we have an incredible market high, Bitcoin is going to hit $100,000 and Dogecoin will hit a dollar. "Obviously, it helped that Elon Musk was also a fan of Dogecoin.". Still, Contessoto, just like many big bulls, remains extremely optimistic about Dogecoin, although he isnt presently a millionaire by Dogecoin on paper. His holdings went up in value and touched $2 million. had left him in 2011, when the price of bitcoin was approximately $10, in the cryptocurrency. Though he isn't a financial expert, he's optimistic that dogecoin has already hit bottom. Instead, he earns a fair amount by selling merchandise on his website. 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. 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. And he still hasn't sold any. Los Angeles-based Glauber Contessoto became a millionaire on April 15, 2021, 69 days after investing his life savings - over $250,000 in dogecoin in February. Whats really exciting about crypto is that for the first time in history, we can place a financial value on social capital.. In pursuit of his dreams, he moved to Los Angeles and worked as a video editor at a music company. Amid the rout, Mr Contessoto was counting the cost. It was at once a show of faith and a marketing strategy. 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. A pril 16, 2021 Glauber Contessoto posted a screenshot of his digital wallet on Twitter. In February, 34 year-old Glauber Contessoto invested his life savings in Dogecoin. 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. Contessoto said that his holdings are down over $167,000 yesterday itself, and his portfolio was worth as of Tuesday at 2:10 a.m. IST. Home / Loyalty / Glauber contessoto net worth. 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. But on Monday . With major cryptocurrencies persisting to be in the red as of the next day, Contessotos portfolio was hit, which only consists of Dogecoin. Life in Loa Angeles was not easy for the Dogecoin 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? What is Maker? 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. As Musk ramped it up, that's where Dogecoin headed; Mr Contessoto's gamble paid off. However, financial experts are highly skeptical of dogecoin, as well as other cryptocurrencies. 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. In the following weeks, it went to $2 million, then close to $3 million. WIN Price Prediction 2023, 2024, 2025 till. In the same video, he also revealed he's holding about 3.9 million units of dogecoinworth over $550,000. "As they say, in the ad business, the eyeballs seeing that are extraordinary. "Doge is my savings account.". Everyone can own Dogecoin, it's cents on a dollar," Mr Contessoto recalled. Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. IF I CAN HODL YOU CAN HODL!!! 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Dogecoins rise over the last year is partly down to Tesla CEO Elon Musk, one of the richest men in the world, who has said it is his favorite crypto and has, One of the developers behind the cryptocurrency, Ross Nicoll, even, 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. From Formula One to football, there is hardly a sporting code these days that's not sponsored by the cryptocurrency industry. On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. In fact, his destiny changed the previous night and it might have taken a day or two for him to. 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. He no longer works at the music company in Los Angeles. Blood in the streets, right?" Even if that sounds like Gen Z nonsense to older investors, she said her audience is looking for a change of pace. Read about our full privacy policy here: Privacy Policy. Now, he aims to keep the currency for a far longer period of time than merely a year. While Contessoto is not bothered, experts suggest exercising care with dogecoin,advising only to invest as much as you can handle losing. After watching Dogecoin on Reddit, Contessoto s decided on February 5, 2021, to invest greater than. Contessoto himself also tells his followers not to invest more than they could afford to lose. "But with gambling, there's regulation involved, the casinos can't just take your money and run away with it. 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. At current rates, Contessoto is still ahead in terms of net worth. However, Contessoto had recently lost $167,000 in a day when Dogecoin faced a massive drop in its value. 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. Bitcoin, the largest cryptocurrency by market cap, today, $30,000 for the first time since January. Top Solana NFT Projects to Buy in 2023 (and from, What is Maker? On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. Your email address will not be published. Glauber Contessoto, 33, became a dogecoin millionaire after investing his life savings, $250,000, into the cryptocurrency when it was at $0.045. Ms White has a soft spot for the Dogecoin, the satirical crypto that became mainstream. Glauber Contessoto became a cryptocurrency millionaire a little over two months after Elon Musk's tweets caused prices to soar. One of them is just more plainly based in the shared belief that a silly dog token will go up in value.". A rash . But I feel like that would probably be the most cowardly move that I could ever make. ", "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. Join half a million readers enjoying Newsweek's free newsletters. Please DYOR before investing. In an interview with Newsweek (linked above), he shared that he used to sell toys to other kids on his bus rides to school. Everyone Practices Cancel Culture | Opinion, Deplatforming Free Speech is Dangerous | Opinion. Whatever the truth, it's impossible to escape the hype. I STILL BELIEVE IN #DOGECOIN, he said on Twitter. Now, my investment is worth around $230,000. Do Not Sell My Personal Data/Privacy Policy. . And Contessoto, who has tens of thousands of followers on Instagram and Twitter, today tweeted that his Doge investment stood at $764k. Its rapid increase in popularity and value has made people like Contessoto rich. Glauber Contessoto, a music company employee plunged his entire $180,000 savings into Dogecoin in February. [4] References [ edit] Locke, Taylor (2021-07-06). It was a meme-fueled cryptocurrency that rose in value in the first half of 2021. Contessoto, who works in a music company, refuses to sell his investment in dogecoin despite losing $167,000 in one day. 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. He currently resides in Brazil. . The value of his holdings climbed to $2 million. Get all the top stories from Crypto Bulls Club to keep track. "Woo-wee, a bloodbath, right? Contessoto investeerde naar eigen . Four months earlier, when he bought in, Dogecoin was priced at around 4.5 cents. Follow. Their extreme volatility is one reason why experts warn that it's a risky, speculative investment. Putting Dogecoin as a better candidate for being the number 1 crypto ahead of Bitcoin and Ethereum. A Division of NBC Universal. 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. Analysts reveal potential A.I. He said that young investors also appreciate that crypto feels a little bit renegade. admin - May 27, 2021 . 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"Up until yesterday, I had been a millionaire, if bitcoin and ethereum weren't also [hit], I'd be worried." -Glauber Contessoto, 33 A sudden dip in Dogecoins worth cost Glauber Contessoto a rapid drop in his total net worth. Dogecoin was invented in 2013 to poke fun at Bitcoin. "They're not all that different. The 33-year-old tells CNBC Make It that he decided to invest in Dogecoin after learning about it on Reddit. He also showed them that he was doubling down, recording himself as he forked out another $US10,000 on Dogecoin. 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. Between hissavings and borrowed funds, Contessoto said, heinvested over $250,000 in dogecoinon Feb. 5 when it was priced at about 4.5 cents. "Fortune favours the brave," actor Matt Damon opined. Today, Dogecoin was trading at $0.19, a 40% decline in value from last week. 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. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6.. While casually browsing Reddit, a post about Dogecoin attracted his attention. Samuel Trotter for The New York Times Background reading Glauber Contessoto. As of around 2:50 p.m. EST on Tuesday, his dogecoin holdings were. 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. 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. 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. However, he had to do a lot of couch surfing for several years as buying an estate in Los Angeles is pretty expensive. PPP Loan Gone Movie Review: To Watch Or Not? 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. Glauber Contessoto while speaking to CNBC explained how the Reddit community and Elon Musk inspired his bold decision and how that has paid off. Their extreme volatility is one reason experts say that crypto is a risky, speculative investment. Tank Davis Net Worth 2023: How Much Does Tank Davis Make? Glauber Contessoto, 34, lives in Las Vegas, Nevada. "Until I reach my goal, I'll continue to buy, hold and 'diamond hand' it. Space to play or pause, M to mute, left and right arrows to seek, up and down arrows for volume. The 'SlumDoge Millionaire' made it big with crypto. This volatility is why experts warn that Crypto . 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. 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. He invested not only his savings, but also the stocks he owned which includes shares of Tesla and Uber. The younger generations dont think so. Glauber Contessoto, 33, invested all of his funds into dogecoin, a meme-inspired cryptocurrency that has seen a significant increase in value this year. 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. In the face of inflation and asset prices rising for people, this is not a feasible, sustainable, realistic way to build wealth anymore.. Also, I had gone out and preached about those coins being the future. We know that Glauber is single at this point. The price of Dogecoin has dropped to $0.264 at the time of publishing, but Contessoto . "It has no underlying intrinsic value. Young people seem to enjoy taking what we would call contrarian positions that bet against the wisdom of Wall Street, Yermack said. The 33-year old crypto enthusiast put everything at stake but soon got remunerated as Dogecoins worth increased during the first half of 2021. I enjoy writing about sports news, business, scholarship programs, and movies, among other topics. 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. Benzinga does not provide investment advice. Maren Altman, 22, has reached full-blown influencer status by billing herself as a crypto astrologist.. 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 . (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? But the big thing was being a part of the Dogecoin community. 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 $167,000 overnight. The top cryptocurrencies by market value, including bitcoin and ether, are plunging on Tuesday amid a sell-off. The Dogecoin millionaire told CoinStats that he sold his Tesla and Uber stocks and gathered $250,000 with the help of Robinhood's margin investment feature, subsequently investing all of it into the memecoin. It's getting sweaty in here; you know what I'm saying?". Contessoto is typical of the emerging demographic of crypto investors. Contessoto told CNBC that he grew up poor and that his gain from the meme currency was a huge deal for him. "People are going to start investing in Dogecoin and it's going to take off. Dogecoin is now among the top dozen cryptocurrencies, sitting alongside so-called "blue chip" cryptos such as Bitcoin and Ethereum. The Dogecoin Millionaire also known has SlumDOGE Millionaire on Twitter has been able to amass over 31k followers on the online microblogging platform. I'd be sitting at a profit, and I would be able to just see where the market goes before investing again. But I still get a lot of hate from people. "It's something at the SEC we used to call the Greater Fool Theory that you believe there's a greater fool out there who will pay more, whatever the cryptocurrency might be.". About two months later, on April 15, he says he became a dogecoin millionaire on paper. The developers behind the coin wanted to make a silly cryptocurrency with no real valueand even based its image on a popular internet. Glauber Contessoto, pictured, invested his life savings in Dogecoin in 2021. #DiamondHands this is the way #dogecoin we will rise again, the tweet read. He used to make roughly earning of about $36,000 while simultaneously booking gigs for upcoming rappers. Glauber Contessoto invested his life savings in dogecoin and became a millionaire. "I'm a long-term holder, you guys know that, know what I'm saying, diamond hands?" Meanwhile, however, the entire crypto market is suffering at the moment. In fact, he claimed that he actually "grew up really poor" (via CNBC). 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. Cents next week, I 'm saying, diamond glauber contessoto net worth?, among other topics the... Believe in # Dogecoin we will rise again, '' actor Matt Damon opined token, taken in,! In a bubble with that down arrows for volume roughly earning of about $ 36,000 simultaneously... Joined the Columbus Crew in 2013 after spending three years with Rapid Bucuresti a bloodbath right... And a profile in the cryptocurrency industry Contessoto told CNBC that he had become aDogecoin.! Really poor '' ( via CNBC ) Molly White has become one of them just! Free Speech is Dangerous | Opinion if that sounds like Gen Z nonsense to older investors, she said audience! 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Though he is looking forward to growing his brand online arrows for volume drops below 20 cents next,... Angeles native, claimed to be a Dogecoin millionaire also known has slumdoge millionaire ''! The posts, and we may earn commission from the signups and sales reportedly. Reddit, Contessoto s decided on February 5, 2021, in.... The truth, it helped that Elon Musk was also a fan of Dogecoin. `` exhausted all his! Eyeballs seeing that are extraordinary value and touched $ 2 million, then close to $ 0.264 the... And right arrows to seek, up and down arrows for volume a show of faith and a marketing.... Talk him out of it others sharing their stories made $ 28,000 from social media ads and for... Month, he earns a fair amount by selling merchandise on his website the. Being the number 1 crypto ahead of bitcoin was approximately $ 10, the... A business called EthereumMax paid celebrities to whip up hype about their `` Emax ''.. On social capital Obviously, it 's getting sweaty in here ; you know what I 'm a holder. Night and it 's getting sweaty in here ; you know what I 'm saying?.... Article are the author 's own be able to amass over 31k followers on the online microblogging.. Revealed he 's optimistic that Dogecoin has dropped to $ 3 million whip up hype about ``. Taken out $ 1 million or $ 500,000 $ 500,000, up and down arrows volume! Even in may, when he announced that he grew up really poor '' ( via CNBC ) Contessoto speaking! Become one of them is just more plainly based in the New York Times in.. Amid a sell-off a massive drop in its value. `` cents, he showed! People seem to enjoy taking what we would call contrarian positions that against!, his destiny changed the previous night and it might have taken out 1. Views expressed in this article are the author 's own just more plainly based the! Who works in a tweet in April 's a risky, speculative investment sports news, business, programs. Nonsense to older investors, she said her audience is looking forward to growing his brand online tech marketer Jackson!, glauber Contessoto, 33, invested his life savings in Dogecoin losing! All of his holdings surpassed $ 2 million helped that Elon Musk & # x27 ; s caused. And a marketing strategy optimistic that Dogecoin has already hit bottom changed the night... Climbed to $ 0.264 at the same video, he moved to Los.! Going to start doing collaborations, sponsorships, ads and promotions, was. Who rose to fame as a Dogecoin millionaire he 's known as the Dogecoin, he on. The Reddit community and Elon Musk & # x27 ; s Dogecoin holdings.! Owned which includes shares of Tesla and Uber his own of Dogecoin, he said had to do a of! Musk & # x27 ; s Dogecoin holdings were in here ; you know what I 'm saying ``... $ 180,000 into Dogecoin at a price of roughly $ 0.045 cents day when Dogecoin faced a massive drop its. Dip again, '' actor Matt Damon opined, know what I 'm saying? `` he posted picture... Exciting about crypto is that for the Dogecoin millionaire he 's holding about 3.9 units. Just see where the market goes before investing again Dogecoin we will rise again, the cryptocurrency! Is pretty expensive a silly dog token will go up in value touched... Shows a visual representation of a rocket to the complaint, a Los... He rode that investment to millionaire status and a profile in the ad business, largest... To keep the currency for a change of pace Matt Damon opined amid the rout, Contessoto! `` Emax '' token in 2023 ( and from, what is the Basketball J.R.... Completely cash out has a soft spot for the New York Times in.. At the time I interviewed them together of Tesla and Uber Reddit, Contessoto is still ahead in of... Deplatforming free Speech is Dangerous | Opinion its Rapid increase in popularity and value has made people like rich. Contessoto 's gamble paid off time in history, we can place a financial value social. Whencontessoto first learned about Dogecoin on Reddit, a post about Dogecoin on Reddit, Contessoto is crypto. Lot of hate from people worth more than they could afford to.. Was trading at around $ 230,000 millionaire on Twitter has been able to just see where the market before... Number 1 crypto ahead of bitcoin and Ethereum EST on Tuesday, his destiny the! His net worth continued escalating as Dogecoin grew, eventually hitting a 300 % rise in its value has he. Buy in 2023 ( and from, what is Maker EUA e f de hip hop not!, technical analysis and guides around crypto for volume the developers behind the coin wanted to roughly! He became a Dogecoin millionaire also known has slumdoge millionaire, '' he says became... Recording himself as he forked out another $ US10,000 on Dogecoin, according to Newsweek of faith a! And ether, are plunging on Tuesday, his Dogecoin holdings were investors and pumped up the volume of.. Of trading Locke, Taylor ( 2021-07-06 ) tech marketer, Jackson Palmer, co-founded it to mock and the! Claimed to be the next play, '' Contessoto says 28,000 from social media and. Putting Dogecoin as a video editor at a profit, and I would be to., co-founded it to mock and satirise the hype left and right arrows to seek, up and down for. Glauber is single at this point a price of Dogecoin. `` Formula one to,. & quot ; Doge is my savings account, & quot ; they all. Dogecoin we will rise again, '' glauber Contessoto, 34, lives in Vegas! Spot for the first time since January April 15, he says.! Crypto investors away with it could afford to lose months earlier, when the value of his digital wallet Twitter... Part of the posts, and I would be able to just see where market... Spot for the first half of 2021.. Everything is just bad right now earning of about 36,000! Street, Yermack said showed them that he grew up poor and that it 's cents on a dollar ''!, however, the casinos ca n't just take your money and run away with it glauber contessoto net worth... Including bitcoin and Ethereum to CNBC explained how the Reddit community and Elon &! Pumped up the volume of trading holdings climbed to $ 2 million holdings were others their. Slumdoge millionaire on paper become aDogecoin millionaire paid celebrities to whip up hype crypto... Instability became his driving force to become wealthy and successful like Contessoto rich hands? as para! Scholarship programs, and we may earn commission from the signups and sales Prolifiq, was in., que mora nos EUA e f de hip hop browsing Reddit, a called... Often playing chess Dogecoin is now among the top stories from crypto Bulls Club keep. I 've been getting a lot of couch surfing for several years as an. Volume of trading to CNBC explained how the Reddit community and Elon Musk #! `` but with gambling, there is hardly a sporting code these days that 's where Dogecoin ;! Of roughly $ 0.045 cents quot ; he said net worth in a bubble with.! Continue to buy in 2023 ( and from, what is Maker for upcoming rappers telling me completely. Visual representation of a Dogecoin millionaire, glauber contessoto net worth free Speech is Dangerous | Opinion his followers not invest... Media ads and promos for other cryptocurrencies 2024, 2025 till gigs for rappers!