This 33-Year-Old ‘Dogecoin Millionaire’ Is Now Being Paid in the Meme-Inspired Cryptocurrency—And Continues To Buy the Dips

[pvc_stats postid="" increase="1" show_views_today="0"]
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on whatsapp
WhatsApp
Share on telegram
Telegram

This 33-Year-Old ‘Dogecoin Millionaire’ Is Now Being Paid in the Meme-Inspired Cryptocurrency—And Continues To Buy the Dips

By Crypto Global News

Glauber Contessoto took a big risk on dogecoin, a meme-inspired cryptocurrency that began as a joke, earlier this year.

Between his savings and borrowed funds, Contessoto says that he invested over $250,000 in dogecoin on February 5 when it was priced at about 4.5 cents. About two months later, on April 15, he says he became a dogecoin millionaire on paper.

Since, Contessoto has refused to sell, despite dogecoin’s ups and downs. He plans to buy more of the digital coin and “hodl” for the long haul.

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.

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. When finalizing the deal, the company asked if he’d prefer to be paid in U.S. dollars or crypto.

“Of course, I said dogecoin,” he says. “So, they literally paid me in dogecoin. They gave me half upfront, and the other half when I deliver the video.”

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. “I had no idea how I was going to make money moving forward,” he says.

He earns a little bit of money from selling merch on his website, but his main focus is developing his social media presence.

In one month, he has made $28,000 from social media ads and promotions, which was primarily paid out in dogecoin. “That’s about six months salary at my old job,” Contessoto says.

After covering all of his bills, including rent, food and other expenses, Contessoto plans to continue to invest as much as he can in dogecoin. Though experts warn against it, ”[I’m] all invested in doge,” Contessoto says. “Doge is my savings account.”

As of around 12:00 p.m. EST on Tuesday, his dogecoin holdings are worth around $931,689.


Glauber Contessoto’s dogecoin holdings on Robinhood as of around 12:00 p.m. EST on Tuesday, July 6.

Dogecoin is trading at around 23 cents as of 4:00 p.m. EST on Tuesday, according to CoinMarketCap. But, “if it drops below 20 cents next week, I’ll buy the dip again,” Contessoto says. 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.

However, financial experts are highly skeptical of dogecoin, as well as other cryptocurrencies. Their extreme volatility is one reason why experts warn that it’s a risky, speculative investment.

And some warn to be especially cautious when investing in dogecoin in particular, since it lacks the scarcity and technological development that bitcoin has, for example. Investors could get burned, and in turn, should only invest what they can afford to lose.

“You risk losing nearly all the money you put in,” James Ledbetter, editor of fintech newsletter FIN and CNBC contributor, previously told CNBC Make It. “It has no intrinsic value and it could just as easily come crashing down in price as continue to go up.”

Still, Contessoto’s outlook on dogecoin remains extremely bullish. Depending on what happens in the coming months, he believes the price could rise. He’s hopeful it will hit $1 by the end of the year.

*Note We Deliberately Miss Spell Some Words or Add Capital Letters To Get Around Big Tech Censoring.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on whatsapp
WhatsApp
Share on telegram
Telegram

Join www.truthbook.social our new social media platform backed by Independent Media. where you can speak the truth, and not be banned. Plus you'll receive $50 USD in www.truthcoin.social,the crypto currency backing the project, when you join, plus a lot more for sharing posts. www.truthbook.social

Truthbook.social offering hundreds of thousands in giveaways for those joining its new social media platform as many desert Facebook in droves because of censoring

Here is some of the current incentives being offered to new users

Subscribe for free to our ANR news emails and access 2 free ebooks plus Reports to share with family and friends about Covid fraud and the danger of the vaccines.

For ANR Smaller Donors please donate below to help fund our critical not for profit work. Together we can defeat mainstream media.

We are a not for profit Independent Media Company which survives off donations, even as little as $5 per month . Please donate now to help fund our work

Truthcoin Offer

$1000 USD turns into Now $7500 Truthcoin
$2,500 USD turns into Now $25,000 Truthcoin
$5000 USD turns into Now $65,000 Truthcoin
$10,000 USD turns into Now $150,000 Truthcoin
$15,000 USD turns into Now $250,000 Truthcoin
$50,000 USD turns into Now $1.15 Million Truthcoin
$100,000 USD turns into Now $2.5 Million Truthcoin

Leave a Reply

Your email address will not be published.

Jamie McIntyre
TruthBook.social Videos

McIntyre Report
Political Talk Show

ANR Conversations with Wayne Crouch and Lisa Johnston with special guest Jamie Mcintyre Founder and chief editor of Australian National Review -Part 2

ANR Conversations with Wayne Crouch and Lisa Johnston with special guest Jamie Mcintyre Founder and chief editor of Australian National Review -Part 1

We are a not for profit Independent Media Company which survives off donations, even as little as $5 per month . Please donate now to help fund our work

Kylie Bartlett show

Craig Schulze Show

WHY WE NEED TO START SAYING NO TO GAIN OUR SELF RESPECT

Play Video

Raw Report

Ryan Jackson Saw show

Hero Nurse Exposes Government Policies Leading to Elder Abuse

Top 10 Crypto

in USD

in AUD

in GBP

in CAD

Jamie McIntyre

Truthbook.Social

Currency Exchange Rates in AUD

Live and updated every minute of the day

Current Price of Bitcoin 2.0
0.19 on Coinsbit

Nurses Speak Out

ANR Meme Report

with Nadine Roberts

Episode 002

21st Century Political System

Play Video

Editor's Pick

Enter email to receive ANR News articles, 2 free e-books, plus the Global Health Organisation Report

Download the Full PDF - THE COVID-19 FRAUD & WAR ON HUMANITY