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. As of around 12:00 p.m. EST on Tuesday, his dogecoin holdings are worth around $931,689. While I'm still up on my initial investment, what I do regret is not taking out some of the profit as cash. Whats Quick card san diego charge on credit card? However, financial experts are highly skeptical of dogecoin, as well as other cryptocurrencies. 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. He believes in his dog god and no one can tell him otherwise. But Altman said her clients are along for a wild ride. According to the complaint, a business called EthereumMax paid celebrities to whip up hype about their "Emax" token. Ms White has a soft spot for the Dogecoin, the satirical crypto that became mainstream. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. 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. "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. When Four Corners caught up with him, he was making a video promoting "Doge-apalooza", a festival dedicated to Dogecoin. He said that he stuck to his plans despite warnings from friends and that hed decided to take out 10% of his holdings once he hit $10 million. Thanks for contacting us. But the volatile meme coin has since dippedand hes no longer a Dogecoin millionaire. had left him in 2011, when the price of bitcoin was approximately $10, in the cryptocurrency. According to CoinMarketCap, Dogecoin is at the moment trading at around $0.2191, with a market value of over $28 billion. Courtesy Glauber Contessoto. Glauber Contessoto twitter is @ProTheDoge. 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 his own account, Mr Contessoto grew up poor in a family that emigrated to the United States from Brazil and was determined to make money. Mr. Contessoto is a prime case study. Columbia, MD, is where Glauber Contessoto lives today. Better still, don't spend it at all - save it instead. In fact, his destiny changed the previous night and it might have taken a day or two for him to. "It made sense to me to invest in Dogecoin because it's the very first time you have a meme and a cryptocurrency paired together," he said. 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. Amid the rout, Mr Contessoto was counting the cost. 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. 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. Contessoto said that there were three main reasons why he decided to invest in Dogecoin: (1) he loved the Dogecoin community on Reddit; (2) he liked the "Shiba Inu" meme; and (3) Elon Musk's Dogecoin advocacy. He sold $100,000 worth of bitcoin at age 15, founded the teaching platform Botangle (motivated by his poor educational . Contessoto was intrigued by dogecoin for a few reasons. Tank Davis Net Worth 2023: How Much Does Tank Davis Make? Glauber Contessoto, a music company employee plunged his entire $180,000 savings into Dogecoin in February. [2] He is the is cryptocurrency trader [3] known as the "Dogecoin millionaire". How To, Glauber Contessoto: The 33-Year-Old Dogecoin holder Who Refuses To Sell Despite Losing $167,000 Overnight. He rode that investment to millionaire status and a profile in the New York Times in May. The coin hit 16 cents Tuesday morning before inching up to 17 cents. However, this all changed whenContessoto first learned about dogecoin on Reddit. Blower Repair Pump Repair Engineering Services Replacement Parts. Courtesy of Glauber Contessoto and Rodrigo Ramos. But what if I tell you that Mr. Glauber Contessoto did just that without taking into account the risks associated with the investment. But 33-year-old Los Angeles resident Jaysn Prolifiqlegally known as Glauber Contessototold Newsweek he does not regret hanging on to his . , said in his tweet that he will continue to HODL (a purposeful misspelling of hold). I'm still optimistic though. . He told Insider that he believes cardano will be "blockchain 3.0" and is buying the ada token. Do Not Sell My Personal Data/Privacy Policy. Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said. On February 5, Glauber stated he put about $180,000 into Dogecoin at a price of roughly $0.045 cents. But I still get a lot of hate from people. The 33-year-old tells CNBC Make It that he decided to invest in Dogecoin after learning about it on Reddit. 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 . Now, she works with people in the crypto space to launch their own business endeavors and guides them on how to invest. 14.27 on July 22 morning A Division of NBC Universal. It was a meme-fueled cryptocurrency that rose in value in the first half of 2021. Altcoins, which typically follow Bitcoin sell-offs, have followed. It's like Jay-Z said: "First they love me, then they hate me, then they love me again.". I've already decided that whatever happens, happens. SlumDoge Millionaire," Glauber Contessoto declares to his hundreds of thousands of followers online. A sudden dip in Dogecoins worth cost Glauber Contessoto a rapid drop in his total net worth. Glauber Contessoto Tweet. How Glauber Contessoto Became Known as the Dogecoin Millionaire. In the volatile cryptocurrency market, you don't need to be on the end of a scam to lose money. 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. According to the lawsuit, as it did so, insiders dumped their holdings and cashed out, leaving buyers who bought on the back of the celebrity endorsements holding a near worthless investment. "Day afterday after day, it was like, one scam, one day, two hacks the next day.". "Fortune favours the brave," actor Matt Damon opined. As of 2022, Glauber's net worth is $100,000 - $1M. He is known on YouTube as The Dogecoin Millionaire and he is known on Instagram as @ProTheDoge. 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. "We thought it would last maybe three days," he said in a 2014 interview. Its an act of rebellion against traditional methods of investment and business. He also showed them that he was doubling down, recording himself as he forked out another $US10,000 on Dogecoin. That was worth more than $7,000 at the time I interviewed them together. I enjoy writing about sports news, business, scholarship programs, and movies, among other topics. 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. All Rights Reserved. By the time he was working, he recalled having to ride a bicycle to work every day when his car broke down. But the big thing was being a part of the Dogecoin community. Two months later, in April, he became a. The value of his holdings climbed to $2 million. But I feel like that would probably be the most cowardly move that I could ever make. About|Contact Us|Terms & Conditions| Privacy Policy. Glauber Contessoto said that he became a dogecoin millionaire on April 15, 2021. 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Kardashian's post brought in new investors and pumped up the volume of trading. As of around 12:00 p.m. EST on Tuesday, his dogecoin holdings are worth around $931,689. Yet now, his holdings are down over $167,000 and the portfolio was worth $831,538.88. . And somewarn to be especially cautious when investing in dogecoin in particular, since itlacks the scarcity and technological developmentthat bitcoin has, for example. All views expressed in this article are the author's own. Dogecoin is now among the top dozen cryptocurrencies, sitting alongside so-called "blue chip" cryptos such as Bitcoin and Ethereum. In April, my investment had risen to over $1 million. Glauber Contessoto puso todo su dinero en Dogecoin. The younger generations dont think so. Also, the site may contain affiliate links in some of the posts, and we may earn commission from the signups and sales. I had this mindset, I had this conviction, which I still do, about those coins. Glauber Contessoto, que mora nos EUA e f de hip hop . . Glauber Contessoto became a crypto millionaire by buying Dogecoin. Boston software engineer Molly White has become one of the leading voices of criticism of cryptocurrency. In reality, crypto prices dropped. Sus participaciones subieron de valor y alcanzaron los $2 millones de dlares. 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. "I had no idea how I was going to make money moving forward," he says. In an interview, he said that many of his friends tried to talk him out of it. On April 15, Glauber Contessoto, a 33-year-old Los Angeles native, claimed to be a Dogecoin millionaire. However, Contessoto had recently lost $167,000 in a day when Dogecoin faced a massive drop in its value. MKR Price Prediction 2023, What Is Staking In Cryptocurrency? So in 2019, he started investing in renowned companies like Uber and Tesla on Robinhood, which is a commission-free trading app. Glauber Contessoto, 34, lives in Las Vegas, Nevada. For now, it would be really convenient for me to completely cash out. In addition, Contessoto shared in recent a YouTube video that he's selling his own beard cream lineup called the "Diamond Hand." Glauber Contessoto puso todo lo que tena en Dogecoin, una criptomoneda muy voltil que se invent originalmente como una broma. "It's a joke coin. No matter who you are, if you bought cryptocurrency in 2021, the chances are you're down right now. 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 still believes that things will turn out good for the cryptocurrency and refuses to give up his stocks. Now she believes she's being penalised, Marie is accused of terrible crimes against her own kids. Glauber Contessoto while speaking to CNBC explained how the Reddit community and Elon Musk inspired his bold decision and how that has paid off. Brandy Watts: Woman shot to death in Greater Grand Crossing, Nikita Cannady: Memphis daycare owner accused of PPP loan fraud, buys a Rolls Royce, Clarice Alexander: Mother of 7 Shot dead by an alleged stalker, Darion Minter: Man, 28, shot to death in Pullman Neighborhood, Chicago, Parisi charge on credit card and bank statement: What its about, Best Electronic Notebook 2023 (Top Picks), Choosing The Best Truck Wreck Lawyers in 2023, Choosing The Best 18 Wheeler Accident Lawyer and Firms In 2023, 5 Best Face Swap Video Editor Software For PC 2023 (Updated), The Smart Practices To Increase Motivation Among Employees, Wise 188-890 charge on Truist credit card: You are not alone, OF London charge on credit card and bank statement: What its about. As a matter of fact, during the dips, he even bought more Dogecoins. Glauber Contessoto, 33, became a dogecoin millionaire after investing his life savings, $250,000, into the cryptocurrency when it was at $0.045. 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. Dogecoin was invented in 2013 to poke fun at Bitcoin. Read about our full privacy policy here: Privacy Policy. 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. 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 $3 million. (He could have sniped back by reminding them hes still up 3X on his investment.). Four months earlier, when he bought in, Dogecoin was priced at around 4.5 cents. One of the developers behind the cryptocurrency, Ross Nicoll, even told Decrypt last month that the development team is now working on making it a serious projecthoping to rival Bitcoin as a quick, cheap, and green payment method. That's when he announced that he had become aDogecoin millionaire. Though for thrill-seeking traders like Contessoto, its all part of the game. Mr Scott describes it as a cryptocurrency version of an old-style stock market manipulationtailored to the zeitgeist. Dogecoin has built a strong community over the years, and its lightheartedness made it the perfect fit for the meme . As a teenager, he developed a strong liking for hip-hop music and decided to pursue his career in this direction after school. "Until I reach my goal, I'll continue to buy, hold and 'diamond hand' it. Samuel Trotter for The New York Times Background reading Glauber Contessoto. Other people are telling me to stay strong, others sharing their stories. "I'm a long-term holder, you guys know that, know what I'm saying, diamond hands?" Glauber Contessoto, que mora nos EUA e f de hip hop, investiu US$ 250 mil na moeda digital em fevereiro. "I see Dogecoin as more honest about what it actually is," she said. 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. If I could go back in time, I probably would have taken out $1 million or $500,000. Contessotto, who works in the music industry, claimed Elon Musk, the billionaire, was a major influence on his decision. Contessoto himself also tells his followers not to invest more than they could afford to lose. All information mentioned in our website is for informational and educational purposes only. Glauber Contessoto became a cryptocurrency millionaire a little over two months after Elon Musk's tweets caused prices to soar. Would-be Dogecoin millionaire Glauber Contessoto is convinced that DOGE is a HODL even after the crypto token's price crashed further this week. The irony of all this is that Dogecoin was meant to be a joke. Glauber Contessoto took a big risk on dogecoin, a meme-inspired cryptocurrency that began as a joke, earlier this year. All of those things are now a lot easier to do because of cryptocurrency.". She accurately predicted Januarys market correction, but then wrongly foresaw a bull market in May. Altcoins, which typically follow Bitcoin sell-offs, have followed. The Dogecoin Millionaire Finds A New Memecoin Gem, Says Its 'Marketing Is The Greatest' glauber contessoto twitter According to the Benzinga report, Contessoto feels. 18.9K followers. This uncertainty is, however, one of the major reasons why experts alert that cryptocurrency is a risky and speculative investment.

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