However, financial experts are highly skeptical of dogecoin, as well as other cryptocurrencies. 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. But the big thing was being a part of the Dogecoin community. IF I CAN HODL YOU CAN HODL!!! We've received your submission. "Doge is my savings account," he said. The irony of all this is that Dogecoin was meant to be a joke. What is Maker? Instead, he earns a fair amount by selling merchandise on his website. In the volatile cryptocurrency market, you don't need to be on the end of a scam to lose money. According to CoinMarketCap, Dogecoin is at the moment trading at around $0.2191, with a market value of over $28 billion. But, "if it drops below 20 cents next week, I'll buy the dip again," Contessoto says. . We send memes to each other all the time, it's just the way that we communicate, and Generation Z.". Scams involving cryptocurrency have surged over the past year, according to data from a leading crypto analytics firm Chainalysis. 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. "What's going on guys? In July, Contessoto said he bought more Dogecoins worth $5,300 (roughly Rs 3.94 lakhs). The Los Angeles resident reportedly exhausted all of his personal savings on dogecoin, according to Newsweek. 5.8M subscribers in the CryptoCurrency community. Altman charges members $7.77 per month and offers courses ranging in price anywhere from $49 to $1,499. 18.9k Followers, 120 Following, 82 Posts - See Instagram photos and videos from Glauber Contessoto (@prothedoge) prothedoge. Im truly not worried at the end of the day.. I STILL BELIEVE IN #DOGECOIN, he said on Twitter. 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. Contessoto, 33, invested in Dogecoin last February, according to the New York Times report. Blower Repair Pump Repair Engineering Services Replacement Parts. 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. Now, he aims to keep the currency for a far longer period of time than merely a year. To keep up with his growing "dogecoin millionaire" brand online, Contessoto also quit his day job at a music company in Los Angeles in June. "It has no intrinsic value and it could just as easily come crashing down in price as continue to go up.". Some might argue - time will tell. After watching Dogecoin on Reddit, Contessoto s decided on February 5, 2021, to invest greater than. "Up until yesterday, I had been a millionaire, if bitcoin and ethereum weren't also [hit], I'd be worried." -Glauber Contessoto, 33 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. Dogecoin is trading at around 23 cents as of 4:00 p.m. EST on Tuesday, according to CoinMarketCap. Though experts warn against it, "[I'm] all invested in doge," Contessoto says. Pero la voltil moneda meme ha cado desde entonces y l ya no es millonario Dogecoin. HONEST review, Boughloaf.com treadmill & other products are scams: HONEST review. The top cryptocurrencies by market value, including bitcoin and ether, are plunging on Tuesday amid a sell-off. He worked twice his strength to have a place of his own. But as we all know, cryptocurrencies have been undergoing a lull lately. And none of what you read here is by any way, an investment advice. The housing market is likely another; I feel like we're in a bubble with that. Glauber Contessoto him Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. Glass Onion: Whats the Pisceshite Island? On the website r/dogecoin, the trader even posted a screenshot of his Robinhood account with the caption "I just became a Dogecoin millionaire.". Courtesy Glauber Contessoto. 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). Whatever Happened To The Dogecoin Millionaire. Depending on what happens in the coming months, he believes the price could rise. As of 2022, Glauber's net worth is $100,000 - $1M. That changed somewhat when I decided to start doing collaborations, sponsorships, ads and promos for other cryptocurrencies and other projects. 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. In a tweet in April, he claimed to be the "first Dogecoin millionaire of 2021." SlumDoge Millionaire," Glauber Contessoto declares to his hundreds of thousands of followers online. Gen Z and millennial investors are flocking to buy shares of cryptocoin, such as Bitcoin or Ethereum, with the hopes of winning big. Altcoins, which typically follow Bitcoin sell-offs, have followed. 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After the major currencies hit all-time highs in May a single Bitcoin peaked at around $65,000 theyve been dropping rapidly, with a Bitcoin now worth less than half that. An 85-year Harvard study found the No. As Musk ramped it up, that's where Dogecoin headed; Mr Contessoto's gamble paid off. 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. If I dont have a lot to start out with, theres not as much to lose.. On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. 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. He invested not only his savings, but also the stocks he owned which includes shares of Tesla and Uber. Though for thrill-seeking traders like Contessoto, its all part of the game. 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. Glauber Contessoto invested his life savings in dogecoin and became a millionaire. "Imagine the influence that she has," Mr Scott said. Some experts have even said that we are now entering a bear market. Glauber's Dogecoin is now worth $323K. Source: TradingView.com. All information mentioned in our website is for informational and educational purposes only. They gave me half upfront, and the other half when I deliver the video.". 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. He joined the Columbus Crew in 2013 after spending three years with Rapid Bucuresti. "You risk losing nearly all the money you put in," James Ledbetter, editor of fintech newsletter FIN andCNBC contributor, previously told CNBC Make It. Mr Contessoto has the kind of rags to riches tale that has drawn many people to cryptocurrency. Losing A 6-Figure Sum In Dogecoin Worth Within 24 Hours. Nicoll today updated his followers on Twitter on the teams progress, to which Musk responded: This is an important improvement.. It's like Jay-Z said: "First they love me, then they hate me, then they love me again.". . Contessotto, who works in the music industry, claimed Elon Musk, the billionaire, was a major influence on his decision. Mr Contessoto initially backed his hunch about Dogecoin with a small investment. he said on the video, "and I'm going to keep on holding it.". 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? 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. He said that he strongly believed in Dogecoins potential and that it could help him build wealth to pass on to his family. Young people seem to enjoy taking what we would call contrarian positions that bet against the wisdom of Wall Street, Yermack said. In April of 2021, when the value of dogecoin reached an all-time high of $0.72,. "Until I reach my goal, I'll continue to buy, hold and 'diamond hand' it. Yermack believes the pandemic only accelerated this trend. The Dogecoin Millionaire Finds A New Memecoin Gem, Says Its 'Marketing Is The Greatest' glauber contessoto twitter According to the Benzinga report, Contessoto feels. A Division of NBC Universal. . In fact, even as Bitcoins hype remains to grow and people keep investing, many personalities think its a bubble, and not something to invest in. Everyone can own Dogecoin, it's cents on a dollar," Mr Contessoto recalled. "Woo-wee, a bloodbath, right? "Fortune favours the brave," actor Matt Damon opined. . 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