Whatever happens in the short-term doesnt matter to me because Im looking to hodl dogecoin for years to come. "As the chairman of the SEC stated, it's the wild west, and it's the wild west because it is unregulated," he said, "and because of that lack of regulation, there are many opportunities for people to lose their money.". Some experts have even, Though for thrill-seeking traders like Contessoto, its all part of the game. 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. At its highest point, the value of the joke crypto hit $US89 billion (124.7 billion) an astonishing figure, given that Dogecoin has little real-world function beyond speculation. And the main reason that people invest in cryptocurrency is because they believe that there's a greater fool out there. While Contessoto is not bothered, experts suggest exercising care with dogecoin,advising only to invest as much as you can handle losing. Two months later, in April, he became a. Your email address will not be published. The housing market is likely another; I feel like we're in a bubble with that. All of those things are now a lot easier to do because of cryptocurrency.". However, financial experts are highly skeptical of dogecoin, as well as other cryptocurrencies. Cryptobullsclub is a trusted Indian crypto community followed by crypto traders and investors all over the world. According to the Benzinga report, Contessoto feels Dogecoin will "be every newcomers' bridge" into cryptocurrency in the years to come. 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? "And he posted a picture of a rocket to the moon, Dogecoin to the moon.". But what if I tell you that Mr. Glauber Contessoto did just that without taking into account the risks associated with the investment. marenaltman/Instagram, Courtesy of Cooper Turley, 2023 NYP Holdings, Inc. All Rights Reserved, FTXs NishadSingh pleads guilty to fraud, conspiracy charges, Alexis Ohanian used $50M crypto windfall to buy Serena Williams 17-carat engagement ring, SBFssprawling alleged campaign finance scheme detailed in new indictment, Sam Bankman-Fried reportedly caught napping during flight to NYC court hearing, Oh No, Oh No, Oh No No No Song Tiktok Remix Tik tok. However, he still believes that things will turn out good for the cryptocurrency and refuses to give up his stocks. In February, when Glauber Contessoto decided to invest his life savings in Dogecoin, his friends had concerns. According to a tweet Contessoto published, the move comes in . 2023 Benzinga.com. Contessoto was intrigued by dogecoin for a few reasons. Kardashian's post brought in new investors and pumped up the volume of trading. This uncertainty is, however, one of the major reasons why experts alert that cryptocurrency is a risky and speculative investment. 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. Altman charges members $7.77 per month and offers courses ranging in price anywhere from $49 to $1,499. Contessoto never doubted DOgecoin, and as a result, his funding in . Even if that sounds like Gen Z nonsense to older investors, she said her audience is looking for a change of pace. The investor used all his savings and credit card debt to invest $250,000 in the cryptocurrency. Glauber Contessoto Reddit account is iUsedToCallDogeDodge. 82 posts. Glauber Contessoto while speaking to CNBC explained how the Reddit community and Elon Musk inspired his bold decision and how that has paid off. Please learn about the complete disclosure here: Disclosure. Required fields are marked *. Glauber Contessoto's dogecoin holdings on Robinhood as of July 20 at 2:50 p.m. EST. Last month his holdings touched $2 million. Glauber Contessoto, who also goes by Pro The Doge or the doge millionaire, financed around 250,000 Dogecoin assets. Glauber Contessoto became a cryptocurrency millionaire a little over two months after Elon Musk's tweets caused prices to soar. 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. Young people seem to enjoy taking what we would call contrarian positions that bet against the wisdom of Wall Street, Yermack said. Losing A 6-Figure Sum In Dogecoin Worth Within 24 Hours. He also showed them that he was doubling down, recording himself as he forked out another $US10,000 on Dogecoin. Also, I had gone out and preached about those coins being the future. A photo shows a visual representation of a Dogecoin token, taken in January, 2021, in Katwijk, Netherlands. I'm still optimistic though. Lynne Austin Net Worth, Height, Bio, Birthday, Wiki, Stephen Burrows Net Worth, Height, Bio, Birthday, Wiki, Ian Brennan Net Worth, Height, Bio, Birthday, Wiki, HotshotGG Net Worth, Girlfriend (LilyPichu), Biography. After learning about the meme cryptocurrency on Reddit, Contessoto says he invested over $180,000 in dogecoin on Feb. 5, when it was priced at about 4.5 cents. Last month his holdings touched $2 million. A dollar invested in Dogecoin on Jan. 1 would be worth $203 today much more than a comparable investment in . uses and the stocks to play it. Analysts reveal potential A.I. 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. Gotta love the conviction. The value of his holdings climbed to $2 million. Still, Contessoto's outlook on dogecoin remains extremely bullish. He currently resides in Brazil. Meet Glauber Contessoto, . For now, it would be really convenient for me to completely cash out. "Up until yesterday, I had been a millionaire, if bitcoin and ethereum weren't also [hit], I'd be worried." -Glauber Contessoto, 33 Thanks for contacting us. This financial instability became his driving force to become wealthy and successful. A young Australian tech marketer, Jackson Palmer, co-founded it to mock and satirise the hype about crypto. Dogecoin remains a very lucrative trade. Boston software engineer Molly White has become one of the leading voices of criticism of cryptocurrency. Blood in the streets, right?" Whats Quick card san diego charge on credit card? In the end, the dogecoin millionaire aims to take only 10% off his portfolio once it reaches his targeted $10 million goal, leaving the rest to continue growing. 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. Even in May, when the value of his holdings surpassed $2 million, he still didn't budge. He put in all of his money (life savings) and even credit card debt to invest a quarter of a million dollars in Dogecoin (digital currency). He said that young investors also appreciate that crypto feels a little bit renegade. 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. Since, Contessoto has refused to sell, despite dogecoin's ups and downs. By May 2021, Glauber Contessoto assets had grown to 2 . "Woo-wee, a bloodbath, right? 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. 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. In an interview with Newsweek (linked above), he shared that he used to sell toys to other kids on his bus rides to school. Cincoin abre as portas para uma nova era de incluso social digital iniciando a formao da sua comunidade financeira compartilhando informao e distribu. Now, with dogecoin trading around 17 cents, he continues to buy the dip. That kind of advertising disturbs John Reed Stark, a lawyer in Washington DC who has spent most of his career at the intersection of law and technology. Nonetheless, Contessoto's plan remains the same: "Once I hit $10 million, then I'll take out 10%. 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. ", Investors are mounting big bets against these 2 A.I. "I had no idea how I was going to make money moving forward," he says. Glauber Contessoto, 34, lives in Las Vegas, Nevada. Today, Dogecoin was trading at $0.19, a 40% decline in value from last week. "I see Dogecoin as more honest about what it actually is," she said. . 5.8M subscribers in the CryptoCurrency community. Is cryptocurrency financial kryptonite? He flew to the United States at the age of 6 with his family and resided in Suburban, Maryland. Glauber Contessoto has now turned his attention, Cardano. Still, Contessoto, just like many big bulls, remains extremely optimistic about Dogecoin, although he isnt presently a millionaire by Dogecoin on paper. Investorscould get burned, so they should invest only what they can afford to lose. Its an act of rebellion against traditional methods of investment and business. As the New York Times magazine reports, Glauber Contessoto, 33 years old, made his initial investment in the blockchain technology in February 2020. 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. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. "I believe it's one big Ponzi scheme," he told Four Corners. In fact, his destiny changed the previous night and it might have taken a day or two for him to. Im truly not worried at the end of the day.. At the moment, there are ,00 Bitcoin owners . Mr. Contessoto, legally named Jaysn Prolifiq, was born in Brazil. But investor Glauber Contessoto, whose dogecoin holdings previously surpassed a value of $1 million, isn't worried. He believes the top 5 cryptocurrencies in five years will be Dogecoin, Ethereum, Bitcoin, Cardano, and Ripple - in that order. As a child, he saw his parents struggling to make ends meet. he said on the video, "and I'm going to keep on holding it.". In a tweet, Contessoto celebrated his one-year anniversary since becoming a millionaire albeit momentarily and insisted that he's "just getting started.". 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. 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. A Division of NBC Universal. Courtesy of Glauber Contessoto and Rodrigo Ramos. Putting Dogecoin as a better candidate for being the number 1 crypto ahead of Bitcoin and Ethereum. Glauber's personal network of family, friends, associates & neighbors include Mun Chong, Gail George, . Contessoto has built an online following due to his Dogecoin journey. Life in Loa Angeles was not easy for the Dogecoin millionaire. "I call it the language of the millennials, memes. I'm here for the long run, and if the ship goes down, I'm going down with the ship. "I can't pass up a good bargain," Contessoto said. "The insiders sold their tokens, made money, when it was all said and done, those people who bought on the good news and on the news that was being spread by the promoters, suffered extraordinary losses," said Mr Scott. And refuses to give up his stocks, 34, lives in Las Vegas, Nevada bet!, investors are mounting big bets against these 2 A.I looking for a change of pace, with Dogecoin around. 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