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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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By Kevin Roose
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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
smh.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smh.com.au Daily Mail and Mail on Sunday newspapers.

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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.
TOI.in
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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Hodl Meaning: Elon Musk Tweets Crypto Slang Amid Bitcoin, Dogecoin Price Volatility

Hodl Meaning: Elon Musk Tweets Crypto Slang Amid Bitcoin, Dogecoin Price Volatility
newsweek.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsweek.com Daily Mail and Mail on Sunday newspapers.

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Dogecoin 'Millionaire' Who Risked Life Savings Didn't Cash Out Before Price Crash


Dogecoin 'Millionaire' Who Risked Life Savings Didn't Cash Out Before Price Crash
On 4/23/21 at 10:43 AM EDT
A Dogecoin investor who claims to have gambled his entire life savings on the token, becoming an overnight millionaire when its price suddenly rocketed, chose not to cash out at its peak—and is now back down to six figures after the market plunged.
But 33-year-old Los Angeles resident Jaysn Prolifiq—legally known as Glauber Contessoto—told
Newsweek he does not regret hanging on to his tokens, even as their value drops again.
Financial experts warned others against taking a high-stakes risk like Prolifiq's.

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Dogecoin, the Crypto Launched as a Joke, May Have the Last Laugh


Dogecoin, the Crypto Launched as a Joke, May Have the Last Laugh
On 4/22/21 at 3:50 PM EDT
Bitcoin may receive indirect support from an unlikely source—Dogecoin.
Seeking Alpha, a crowd-sourced content service for financial markets, offers an intriguing view of Dogecoin, the parody cryptocurrency launched in 2013, and its relevance to Bitcoin.
"Every buyer of Dogecoin is (perhaps unwittingly) making a statement about the legitimacy of the Bretton Woods world order," the company said. "The zoomer generation is having a good laugh while exploring the intersection of central banking and technological disruption."
In July 1944, delegates from 44 nations met at Bretton Woods, New Hampshire and pegged the value of the U.S. dollar to gold.

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