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Dogecoin Investor Glauber Contessoto, Despite Losing Millionaire Status, Is Continuing to Buy Cryptocurrency

Dogecoin Investor Glauber Contessoto, Despite Losing Millionaire Status, Is Continuing to Buy Cryptocurrency
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Diamond Hands? Famed Dogecoin Investor Says Not Selling Despite Losing Millionaire Status

Diamond Hands? Famed Dogecoin Investor Says Not Selling Despite Losing Millionaire Status
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He's a Dogecoin millionaire. And he's not selling


He’s a Dogecoin millionaire. And he’s not selling
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In February, when Glauber Contessoto decided to invest his life savings in Dogecoin, his friends had concerns.
“They were all like, you’re crazy,” he said. “It’s a joke coin. It’s a meme. It’s going to crash.”
Glauber Contessoto, a Dogecoin millionaire, at his home in Los Angeles
Credit:Samuel Trotter/The New York Times
Their scepticism was warranted. After all, Dogecoin is a joke — a digital currency started in 2013 by a pair of programmers who decided to spoof the cryptocurrency craze by creating their own virtual money based on a meme about Doge, a talking Shiba Inu puppy. And investing money in obscure cryptocurrencies has, historically, been akin to tossing it onto a bonfire.

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He's a Dogecoin millionaire. And he's not selling

He's a Dogecoin millionaire. And he's not selling
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He's a Dogecoin Millionaire. And He's Not Selling.


Technology|He’s a Dogecoin Millionaire. And He’s Not Selling.
https://www.nytimes.com/2021/05/14/technology/hes-a-dogecoin-millionaire-and-hes-not-selling.html
Glauber Contessoto believes deeply in Dogecoin.Credit...Samuel Trotter for The New York Times
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He’s a Dogecoin Millionaire. And He’s Not Selling.
Glauber Contessoto went looking for something that could change his fortunes overnight. He found it in a joke cryptocurrency.
Glauber Contessoto believes deeply in Dogecoin.Credit...Samuel Trotter for The New York Times
Last February, when Glauber Contessoto decided to invest his life savings in Dogecoin, his friends had concerns.
“They were all like, you’re crazy,” he said. “It’s a joke coin. It’s a meme. It’s going to crash.”

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He's a Dogecoin millionaire and he's not selling - The Economic Times


He’s a Dogecoin millionaire and he’s not selling
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Last Updated: May 14, 2021, 07:37 AM IST
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Synopsis
Glauber Contessoto, 33, who works at a Los Angeles hip-hop media company, is no ordinary buy-and-hold investor.
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Glauber Contessoto is a first-generation immigrant whose parents came to the United States from Brazil when he was 6.
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In February, when Glauber Contessoto decided to invest his life savings in Dogecoin, his friends had concerns.
“They were all like, you’re crazy,” he said. “It’s a joke coin. It’s a meme. It’s going to crash.”
Their skepticism was warranted. After all, Dogecoin

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Dogecoin: Elon Musk's Tweets Made This Millennial Rich!

People are getting rich off Dogecoin, but Bitcoin funds like the Purpose Bitcoin ETF (TSX:BTCC.B) may be safer bets.

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A 33-year-old Dogecoin investor says he became a millionaire in 2 months after Elon Musk inspired him to pile into the meme currency


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A 33-year-old Dogecoin investor says he became a millionaire in 2 months after Elon Musk inspired him to pile into the meme currency
A 33-year-old Dogecoin investor says he became a millionaire in 2 months after Elon Musk inspired him to pile into the meme currency
Shalini NagarajanApr 26, 2021, 21:12 IST
Glauber Contessoto.THE DOGECOIN MILLIONAIRE/YouTube
A
He said
Glauber Contessoto, of Los Angeles, posted a screenshot of his Robinhood balance on Reddit.
Glauber Contessoto, a 33-year-old Los Angeles resident, claims to have become a Dogecoin millionaire on April 15.
He said he invested over $180,000 into Dogecoin when its price was about $0.045 cents, on February 5. He detailed his reasons for buying the meme currency in a YouTube video and posted on the Dogecoin subreddit two months later about his new millionaire status.

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