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In 2021, Glauber Contessoto became a Dogecoin millionaire after investing his life savings in the meme cryptocurrency. But his newfound wealth was short-lived. In the months that followed, Dogecoin’s price plummeted, and Contessoto’s net worth dwindled along with it.
In this video, Contessoto recounts his story of how he went from being a millionaire to being broke in the blink of an eye. He shares his thoughts on the volatility of cryptocurrencies and the importance of doing your research before investing. He also offers advice to others who are considering investing in Dogecoin or any other cryptocurrency.
This video is a cautionary tale about the risks of investing in cryptocurrencies. It is also a reminder that even the most successful investors can lose money in the markets.
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31 Comments
Its unpredictable but cruel punishment for bad planning.
Dogecoin Millionaire without the millionaire
He should have dumped lol
He sold to put in ada and other crypto projects .. I honestly feel hes going to regret selling
How can you not sell? like literally? even if not all of it, even if he sold 25% of the doge he had and hold the rest, it's like $700K
Diamond hand bleeding right now
Just put another 50k in and wait for the next crypto cycle,technically he hasn’t lost or made anything because he never sold
Great video
$CRU is the best because you can buy and hodl $CRU token
We will be thrilled to see you create a video about crust network
He sold! And get some profits
My brother and I remind ourselves about this dude weekly. Bro could have cashed out 25% and would have been good. Im not making that mistake if i get that opportunity. dca until next bull run.
He should have bought 10 rental properties and put them on 2k each and buy separate one for himself to live in. I lost 10k in dogecoin and peloton. Then I made some with Apple, I would be heart broken if I lost millions like that. JUST WOW!!!!1
Dogecoin millionaire is an idiot and a greedy one at that.
Everyone told him to take profit. So it is 100% his fault. He got too GREEDY
🤔 isnt this what always happens though with stocks. You trust your gut and those guts fail.
So I got a story for you. back in 2019I think I bought about $4,000 worth of doge at around 18Sats per doge. At the peak it was worth almost 500k. but sadly I couldn't collect those earnings because I bought them on the cryptopia exchange and they were hacked a few weeks after I bought doge. fortunately not much was hacked but unfortunately cryptopia had to go through liquidation court locking up all the funds. to this day they are still locked up.
but I caught another lucky break with LBC. with just my stimulus covid check, I bought some LBC and then sold them, when LBC peaked, for BTC and at the peak I had 350K… but then I went to peru for 6 months to be with my girlfriend. I got coved in my 3rd month there and was in the hospital for 28 days. I had a leveraged position open on BTC and lost most of it because I couldn't close my positions because I didn't have access to my laptop in the hospital and the majority of my BTC got liquidated.
it's alright though I am working on my 3rd lucky break. And I'm cooking up something big.
people think its easy to hold and exit @ 2.9M, if you have exit strategy you even wont reach 500k 😝😝😝
Dogecoin average-aire
there is no limit to how many doge coin can exist. for that reason i will say away form it.
Looking back over my life there are some females that got away and in hindsight I am so glad they did. I view crypto currency in the same light.
Doge will pump again next bull run. He's held it this long, he just needs to hold it until the end of 2024 and he'll make it back.
1/10th?, you mean 1/100th
Damn, and here I thought I was foolish. I took the stimulus checks and turned it into 30k…down to 11k now but I’m still up. 3M to 50k?! Hahaha I feel better now
he never made anything nor has he lost anything unrealized means just that, the next cycle is still on the horizon
When Dogecoin has no real-world usage, people will realize it is just hype and it will drop to its initial value.
Easy come, easy go.
The lowest he went to was 250k which was his cost basis so he didn’t really loose any money just paper gains
Not 1/10th, more like 1/100th. Incredible. But you’d be surprised this happens more often than you’d think.
there are thousands of people bro thousands who became millionaires but you will not hear their name…. they know how to stay unknown to the public
This is so heart breaking, I hope for him, it goes up and he cashes out.
maybe if you people weren't so damn greedy
I think you are echos from above who covered this tweet showing the 50k are being fooled…yes he isn’t up big anymore but that 50k left is what he had in Robinhood. He has taken most his money dogecoin out of Robinhood and has it elsewhere so I highly doubt it’s 50k total. Just 50k left in that exchange app and he screenshot it as a troll. You fell for it
I’m not saying he has millions still but fairly sure it’s still multiple hundreds of thousands in value between the 50k still in Robinhood and wherever he moved the rest.