glauber contessoto net worth
The developers behind the coin wanted to make a silly cryptocurrency with no real valueand even based its image on a popular internet. had left him in 2011, when the price of bitcoin was approximately $10, in the cryptocurrency. He now has more than $800,000 in Doge. But 33-year-old Los Angeles resident Jaysn Prolifiqlegally known as Glauber Contessototold Newsweek he does not regret hanging on to his . 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. In the face of inflation and asset prices rising for people, this is not a feasible, sustainable, realistic way to build wealth anymore.. I started SuccessTitan to allow everyone to easily learn from the ultra-successful and achieve more in every area of their life. ", "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. Cryptobullsclub is a trusted Indian crypto community followed by crypto traders and investors all over the world. Some experts have even, Though for thrill-seeking traders like Contessoto, its all part of the game. This volatility is why experts warn that Crypto . Glauber Contessoto, a music company employee plunged his entire $180,000 savings into Dogecoin in February. And somewarn to be especially cautious when investing in dogecoin in particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. Cincoin abre as portas para uma nova era de incluso social digital iniciando a formao da sua comunidade financeira compartilhando informao e distribu. How I became an overnight dogecoin millionaire, How this 39-year-old earns $26,000 a year in California. We know that Glauber is single at this point. "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. The leading community for cryptocurrency news, discussion, and analysis. Glauber Contessoto took a big risk on dogecoin, a meme-inspired cryptocurrency that began as a joke, earlier this year. Tank Davis Net Worth 2023: How Much Does Tank Davis Make? Also, I had gone out and preached about those coins being the future. Thanks for contacting us. I feel like the war in Ukraine is a big reason. In July, Contessoto said he bought more Dogecoins worth $5,300 (roughly Rs 3.94 lakhs). I had a lot of learning to catch up on; the theory, the utility, understanding what blockchain technology is all about. Still, Contessoto, just like many big bulls, remains extremely optimistic about Dogecoin, although he isnt presently a millionaire by Dogecoin on paper. "Day afterday after day, it was like, one scam, one day, two hacks the next day.". Two months later, in April, he became a. 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. About two months later, on April 15, he says he became a dogecoin millionaire on paper. Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. Glauber Contessoto Tweet. He believes in his dog god and no one can tell him otherwise. Mr Stark is also concerned is that cryptocurrency is facilitating crime. Is cryptocurrency financial kryptonite? 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. Since then its value has declinedthough he's still optimistic. The 'SlumDoge Millionaire' made it big with crypto. ", Despite the dogecoin price today being nowhere near its previous all-time high, the "dogecoin millionaire" still refuses to sell his meme-inspired cryptocurrency. His portfolio was worth about $831k as of Tuesday 4.40pm EST. This worked in his favor, and at one point in time, his investments were worth more than three million dollars (Yes! He worked for decades in law enforcement with the principal markets' regulator in the United States, the Securities and Exchange Commission, specialising in online violations of law, and serving as the inaugural head of its office of internet enforcement, a position he held for 11 years. Columbia, MD, is where Glauber Contessoto lives today. "[Musk] tweeted back-to-back like on a rant where he's saying, "Dogecoin is the future, Dogecoin is the people's crypto. Glauber Contessoto, 33, became a dogecoin millionaire after investing his life savings, $250,000, into the cryptocurrency when it was at $0.045. Last month his holdings touched $2 million. He currently resides in Brazil. Pero la voltil moneda meme ha cado desde entonces y l ya no es millonario Dogecoin. 2023 Benzinga.com. The Dogecoin Millionaire Finds A New Memecoin Gem, Says Its 'Marketing Is The Greatest' glauber contessoto twitter According to the Benzinga report, Contessoto feels. "It has no intrinsic value and it could just as easily come crashing down in price as continue to go up.". In February, when Glauber Contessoto decided to invest his life savings in Dogecoin, his friends had concerns. On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. A rash . Join the tribe of 1000+ members now. Benzinga does not provide investment advice. Its an act of rebellion against traditional methods of investment and business. Courtesy of Glauber Contessoto and Rodrigo Ramos. Samuel Trotter for The New York Times Background reading Glauber Contessoto. "It's a joke coin. Boston software engineer Molly White has become one of the leading voices of criticism of cryptocurrency. She accurately predicted Januarys market correction, but then wrongly foresaw a bull market in May. But fast forward to today and the cryptocurrency is the seventh-most valuable out there, with a market cap of over $25 billion. In a tweet in April, he claimed to be the "first Dogecoin millionaire of 2021." That was worth more than $7,000 at the time I interviewed them together. Even if that sounds like Gen Z nonsense to older investors, she said her audience is looking for a change of pace. I think the guy is a genius, Contessoto said of Musk in aCNBC interview. Glauber Contessoto, otherwise known as the "dogecoin millionaire," made quite a big bet on the popular-yet-volatile dogecoin cryptocurrency. Glauber's personal network of family, friends, associates & neighbors include Mun Chong, Gail George, . "It took me two months to become a millionaire.". Its rapid increase in popularity and value has made people like Contessoto rich. The 33-year-old tells CNBC Make It that he decided to invest in Dogecoin after learning about it on Reddit. Depending on what happens in the coming months, he believes the price could rise. Also, the site may contain affiliate links in some of the posts, and we may earn commission from the signups and sales. Glauber Contessoto put everything he had into Dogecoin, a highly volatile cryptocurrency that was originally invented as a joke. 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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. Putting Dogecoin as a better candidate for being the number 1 crypto ahead of Bitcoin and Ethereum. Source: Twitter. A sudden dip in Dogecoins worth cost Glauber Contessoto a rapid drop in his total net worth. But I'm still trying to make money, I still need to make a living. By May 2021, Glauber Contessoto assets had grown to 2 . MKR Price Prediction 2023, What Is Staking In Cryptocurrency? It was at once a show of faith and a marketing strategy. 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% . Earlier this month, the cryptocurrency market crashed, leaving recent investors lured in by the hype out of pocket, as huge amounts were wiped off the value of digital coins and tokens. 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. The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice. 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. GEC provides quality products and aftermarket services for air/gas system needs through our GEC Industrial Air division, for fluid processing through our GEC Industrial Pumps division as well as design-build solutions though Glauber Packaged Systems. 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. Glauber Contessoto, 33, invested all of his funds into dogecoin, a meme-inspired cryptocurrency that has seen a significant increase in value this year. he said on the video, "and I'm going to keep on holding it.". 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. 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. 82 posts. 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. So far, her record is a bit uneven. Top Solana NFT Projects to Buy in 2023 (and from, What is Maker? 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. Glauber Contessoto Instagram (IG) is @prothedoge. I also calculated what I would have done in the stock market if I had just kept all my money in Tesla. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6. Obviously that's going to affect cryptocurrency. Do Not Sell My Personal Data/Privacy Policy. Somewarn investors to be especially cautious when investing in dogecoinin particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. When I'm not creating content, I'm most often playing chess. "I don't typically refer to cryptocurrencies as investments because I see them a lot more like gambling," she told Four Corners. He took a massive risk by investing all of his lifes savings in a cryptocurrency initially known as meme coin. They thought he was risking too much by investing in this joke coin. Dogecoin Millionaire Glauber Contessoto REFUSED To Sell His Dogecoin Now His Stash Is Worth $2 Million! . He has 11k followers at the time of writing this report. It's like Jay-Z said: "First they love me, then they hate me, then they love me again.". Its rapid increase in popularity and value has made people like Contessoto rich. Glauber Contessoto's dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6.. Their extreme volatility is one reason experts say that crypto is a risky, speculative investment. 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. But, "if it drops below 20 cents next week, I'll buy the dip again," Contessoto says. Contessoto will earn a total of $25,000 for an upcoming partnership between his YouTube channel and blockchain project Acria Network, he tells CNBC Make It. Gen Z and millennial investors are flocking to buy shares of cryptocoin, such as Bitcoin or Ethereum, with the hopes of winning big. AEST = Australian Eastern Standard Time which is 10 hours ahead of GMT (Greenwich Mean Time), abc.net.au/news/cryptocurrency-four-corners-investigation/101092486, Get breaking news alerts directly to your phone with our app, Help keep family & friends informed by sharing this article. Glauber Contessoto, que mora nos EUA e f de hip hop, investiu US$ 250 mil na moeda digital em fevereiro. I've been passionate about self-development and always loved to read biographies. 18.9k Followers, 120 Following, 82 Posts - See Instagram photos and videos from Glauber Contessoto (@prothedoge) prothedoge. Blood in the streets, right?" The biggest blessing from all this is the online community I've built. 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. Up until yesterday, I had been a millionaire, if bitcoin and ethereum werent also [hit], Id be worried.. The newly appointed Dogecoin millionaire, AKA' Slum Doge Millionaire,' stumped up his initial investment by selling everything he owned of value. Still, Contessoto's outlook on dogecoin remains extremely bullish. That changed somewhat when I decided to start doing collaborations, sponsorships, ads and promos for other cryptocurrencies and other projects. The 33-year old crypto enthusiast put everything at stake but soon got remunerated as Dogecoins worth increased during the first half of 2021. 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. However, he had to do a lot of couch surfing for several years as buying an estate in Los Angeles is pretty expensive. He is known on YouTube as The Dogecoin Millionaire and he is known on Instagram as @ProTheDoge. Now, the price of the meme coin has dropped dramaticallyalong with the rest of the market. As of around 2:50 p.m. EST on Tuesday, his dogecoin holdings were worth $700,217.09. 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. How I became an overnight dogecoin millionaire, How this 39-year-old earns $26,000 a year in California. He said that he strongly believed in Dogecoins potential and that it could help him build wealth to pass on to his family. Glass Onion: Whats the Pisceshite Island? And the main reason that people invest in cryptocurrency is because they believe that there's a greater fool out there. 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 what if I tell you that Mr. Glauber Contessoto did just that without taking into account the risks associated with the investment. 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. As the New York Times magazine reports, Glauber Contessoto, 33 years old, made his initial investment in the blockchain technology in February 2020. 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. As to why Dogecoin and cryptocurrency is in its current state? Glauber Contessoto became a crypto millionaire by buying Dogecoin. Glauber Contessoto while speaking to CNBC explained how the Reddit community and Elon Musk inspired his bold decision and how that has paid off. "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.". By the time he was working, he recalled having to ride a bicycle to work every day when his car broke down. Dogecoin is now among the top dozen cryptocurrencies, sitting alongside so-called "blue chip" cryptos such as Bitcoin and Ethereum. Whats Quick card san diego charge on credit card? Some experts have even said that we are now entering a bear market. In April of 2021, when the value of dogecoin reached an all-time high of $0.72, Contessoto claimed that his initial $180,000 dogecoin portfolio had reached a worth of about $2 million. Turley, who lives in Los Angeles and works in crypto strategy at a streaming app, claims hes made millions in the crypto market. At the moment, there are ,00 Bitcoin owners . "You risk losing nearly all the money you put in," James Ledbetter, editor of fintech newsletter FIN andCNBC contributor, previously told CNBC Make It. "Woo-wee, a bloodbath, right? So in 2019, he started investing in renowned companies like Uber and Tesla on Robinhood, which is a commission-free trading app. 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. She also offers a CryptoCharted newsletter for $20 per month. In an interview, he said that many of his friends tried to talk him out of it. 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. That's opened a new line of business for New York based lawyer David Scott, who heads a global law firm that specialises in securities fraud and consumer protection. Dogecoin is trading at around 23 cents as of 4:00 p.m. EST on Tuesday, according to CoinMarketCap. But on Monday . 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. Altcoins, which typically follow Bitcoin sell-offs, have followed. Glauber Contessoto, who also goes by Pro The Doge or the doge millionaire, financed around 250,000 Dogecoin assets. 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. 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. Glauber Contessoto is a crypto trader who rose to fame as a Dogecoin millionaire. "And he posted a picture of a rocket to the moon, Dogecoin to the moon.". He became a prominent figure in the cryptocurrency community in 2021 after he became a millionaire by investing his life savings in Dogecoin. According to a tweet Contessoto published, the move comes in . Mr. Contessoto, legally named Jaysn Prolifiq, was born in Brazil. He no longer works at the music company in Los Angeles. Some might argue - time will tell. "It has no intrinsic value and it could just as easily come crashing down in price as continue to go up. Four months earlier, when he bought in, Dogecoin was priced at around 4.5 cents. In April 2021, Contessoto told CNBC's "Make It. "I stayed up all night time taking a look at my display," Contessoto, 33, once told CNBC. Bitcoin, the largest cryptocurrency by market cap, today dipped below $30,000 for the first time since January. IF I CAN HODL YOU CAN HODL!!! Now, with dogecoin trading around 17 cents, he continues to buy the dip. 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. So, I followed my heart. He sold $100,000 worth of bitcoin at age 15, founded the teaching platform Botangle (motivated by his poor educational . "People are going to start investing in Dogecoin and it's going to take off. On the website r/dogecoin, the trader even posted a screenshot of his Robinhood account with the caption "I just became a Dogecoin millionaire.". We send memes to each other all the time, it's just the way that we communicate, and Generation Z.". While Contessoto is not bothered, experts suggest exercising care with dogecoin,advising only to invest as much as you can handle losing. "Imagine the influence that she has," Mr Scott said. I went on CNBC, I went to The New York Times, and I said that I wasn't going to sell a single coin. 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. "What's going on guys? 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. 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. But I feel like that would probably be the most cowardly move that I could ever make. I'm here for the long run, and if the ship goes down, I'm going down with the ship. Contessoto has built an online following due to his Dogecoin journey. In reality, crypto prices dropped. When I went into this dogecoin investment, I planned on being in it for at least a year, I put in my life savings because I knew I would eventually become a millionaire, said Glauber. 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. The price of Dogecoin has dropped to $0.264 at the time of publishing, but Contessoto . 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. "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. Glauber Contessoto is 33 years old at the time of writing this report. 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. . Everyone Practices Cancel Culture | Opinion, Deplatforming Free Speech is Dangerous | Opinion. Glauber Contessoto puso todo lo que tena en Dogecoin, una criptomoneda muy voltil que se invent originalmente como una broma. 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. WIN Price Prediction 2023, 2024, 2025 till. Bitcoin, the largest cryptocurrency by market cap, today, $30,000 for the first time since January. Some say cryptocurrency is the future of money, and the technology it's built on is destined to revolutionise the internet and the society. "They're not all that different. Glauber Contessoto an American who reached worldwide fame after becoming a millionaire thanks to a Dogecoin DOGE/USD +3.50% + Free Alerts bet has exclusively shared his next big bet with. If I dont have a lot to start out with, theres not as much to lose.. 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. Stash is worth $ 2 million like that would probably be the most cowardly move I... Once a show of faith and a marketing strategy, sitting alongside so-called `` chip. Community followed by crypto traders and investors all over the world na moeda digital em fevereiro ;,! Jaysn Prolifiq, was born in Brazil is now among the top dozen,... Had just kept all my money in Tesla en Dogecoin, advising only to invest life! Traditional methods of investment and business was born in Brazil is pretty expensive have followed ( Yes the author for... 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And promos for other cryptocurrencies and other Projects goes by Pro the Doge,... Around 23 cents as of around 2:50 p.m. EST on Tuesday, July.! In 2021 after he became a day afterday after day, it was at once a of. Opinion, Deplatforming Free Speech is Dangerous | Opinion 11k followers at the time of writing this report of at!