Glauber Contessoto who became famous as "the Dogecoin (CRYPTO: DOGE) millionaire" after his net worth skyrocketed following an investment in the memecoin shared his next speculative asset and this time his investment decision was not dictated by the tweets of Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk. The value of his holdings climbed to $2 million. An 85-year Harvard study found the No. Thanks for contacting us. At current rates, Contessoto is still ahead in terms of net worth. Now, with dogecoin trading around 17 cents, he continues to buy the dip. 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. 82 posts. Theyre not so interested in underlying economics, but [rather] the chance of a very rapid, high gain, or a very rapid, sharp loss.. We at cryptobullsclub.com use cookies to personalise ads and to analyse our traffic. SlumDoge Millionaire," Glauber Contessoto declares to his hundreds of thousands of followers online. 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? PPP Loan Gone Movie Review: To Watch Or Not? 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. However, he is looking forward to growing his brand online. Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. In February, when Glauber Contessoto decided to invest his life savings in Dogecoin, his friends had concerns. Other people are telling me to stay strong, others sharing their stories. He claims to have become a dogecoin millionaire on paper two months later, in April. Gen Z and millennial investors make up nearly 94% of the crypto market, with older generations sticking with more traditional investments, such as bonds and index funds. "I can't pass up a good bargain," Contessoto said. Do Not Sell My Personal Data/Privacy Policy. 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. Though he isn't a financial expert, he's optimistic that dogecoin has already hit bottom. How Glauber Contessoto Became Known as the Dogecoin Millionaire. I started SuccessTitan to allow everyone to easily learn from the ultra-successful and achieve more in every area of their life. This abandoned high school was converted into a 31-unit apartment building, warn to be especially cautious when investing in dogecoin, lacks the scarcity and technological development. He's hopeful it will hit $1 by the end of the year. Mr Contessoto initially backed his hunch about Dogecoin with a small investment. After covering all of his bills, including rent, food and other expenses, Contessoto plans to continue to invest as much as he can in dogecoin. Still, Contessoto, just like many big bulls, remains extremely optimistic about Dogecoin, although he isnt presently a millionaire by Dogecoin on paper. #DiamondHands this is the way #dogecoin we will rise again.. pic.twitter.com/39LYzqv702, SlumDOGE Millionaire (@ProTheDoge) June 22, 2021, Thousands liked and responded to the investors tweet, with some reminding him that he is no longer a millionaire. However, financial experts are highlyskeptical of dogecoin, as well as other cryptocurrencies. Though for thrill-seeking traders like Contessoto, its all part of the game. Some experts have even said that we are now entering a bear market. His net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. It was at once a show of faith and a marketing strategy. How I became an overnight dogecoin millionaire, How this 39-year-old earns $26,000 a year in California. Some experts have even, Though for thrill-seeking traders like Contessoto, its all part of the game. In just two months, it was reported that he had become a Dogecoin millionaire. After its boost, Dogecoins price kept on fluctuating, but Contessoto remained optimistic and was quite confident in holding for the long-term. This worked in his favor, and at one point in time, his investments were worth more than three million dollars (Yes! So, I followed my heart. As Musk ramped it up, that's where Dogecoin headed; Mr Contessoto's gamble paid off. We send memes to each other all the time, it's just the way that we communicate, and Generation Z.". In February 2021, I put $188,000my life savingsinto Dogecoin. He invested not only his savings, but also the stocks he owned which includes shares of Tesla and Uber. Glauber (born August 5, 1983) is famous for being soccer player. ", Despite the dogecoin price today being nowhere near its previous all-time high, the "dogecoin millionaire" still refuses to sell his meme-inspired cryptocurrency. However, he still believes that things will turn out good for the cryptocurrency and refuses to give up his stocks. "It has no intrinsic value and it could just as easily come crashing down in price as continue to go up. 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. Meet Glauber Contessoto, . 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 influenced its wild price swings with his tweets. "Sugarland Texas, if you guys hold Dogecoin, if you love Dogecoin come out and celebrate with us, we're going to have live music!". However, financial experts are highly skeptical of dogecoin, as well as other cryptocurrencies. In addition, Contessoto shared in recent a YouTube video that he's selling his own beard cream lineup called the "Diamond Hand." 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. 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. His holdings went up in value and touched $2 million. stocks, Salesforce results give CEO Benioff breathing room', Fast Money trader Steve Grasso said, Is ChatGPT the tip of the iceberg? 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. 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). Benzinga does not provide investment advice. 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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. 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. As of around 2:50 p.m. EST on Tuesday, his dogecoin holdings were. But his risks paid off. Contessoto invested over 250,000 in Dogecoin holdings on February 5, and two months later, he later claimed that he became a Dogecoin millionaire. Is Testerbuzz.com amazon product tester a scam or legit? The leading community for cryptocurrency news, discussion, and analysis. As to why Dogecoin and cryptocurrency is in its current state? 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. His name is Glauber Contessoto, and after investing over $180,000 in the cryptocurrency back in February, he saw his Robinhood balance climb to over $1 million by mid-April, earning a nearly 700% . ", "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. What is Maker? As of 2022, Glauber's net worth is $100,000 - $1M. In July, Contessoto said he bought more Dogecoins worth $5,300 (roughly Rs 3.94 lakhs). Investorscould get burned, so they should invest only what they can afford to lose. Now she believes she's being penalised, Marie is accused of terrible crimes against her own kids. Whats Quick card san diego charge on credit card? The more he held on, the bigger the internet . 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