It all started for Glauber Contessoto when he decided to invest all his life savings in Doge Coin. His friends had warned him, they said it’s a joke after all. The Cryptocurrency Doge Coin is really after all a meme it will crash. They were true though after all it was started as a joke.
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.
But the 33 year old Mr. Glauber Contessoto decided to go in. He gave everything he had. He maxed from his credit card, borrowed money from Robinhodds neew feature and gave all he had. After making it to $250, 000 he began his journey. He was not like a long term runner he wanted to make the life change in one night. After investment he watched his mobile phone. As everyday Doge Coin became a internet favorite and it’s value eclipsed the blue moon.
Who is Glauber Contessoto?
Mr. Glauber works at Los Angeles hip hop media company. Is not an old fashioned invester he was a quick rich kind a mindset. He started buying stocks in Uber and Tesla in 2k19 and he did make some cash home. He then brought more stocks. One day when he had heard in Reddit. That they would stock up the gaming GameStop saga and they ended up making big money. He decided to go in but it was too late. And he ended up loosing money.
He then started browsing Reddit regularly and one day he saw Doge coin. He got to know something and then he briefed himself more and more through internet. Then finally he said he was going all in.
When he compared Bitcoin, Litecoin, Ethereum. Doge coin has the best branding. It’s like attracting new bews. He says One day we would buy things with meme.
He further said that
I’m bullish as they come in the Dogecoin community,” he said. “If this exceeded my expectations of Dogecoin, and I only hit it in two months, imagine where it’ll be in a year.”
Of course, as with any volatile investment, there is a real chance that Mr. Contessoto’s Dogecoin holdings could lose most or all of their value, and that his dream of homeownership could again be out of reach. Already, the price of Dogecoin has fallen nearly 50 percent from its all-time high, shaving hundreds of thousands of dollars off Mr. Contessoto’s portfolio.
But gamblers rarely leave the table the first time they lose, and Mr. Contessoto’s commitment to “HODLing” — an acronym favored by cryptocurrency traders that stands for “hold on for dear life” — is buoying him through the recent market turbulence. Earlier this week, he posted a screenshot of his cryptocurrency trading app, showing that he’d bought more. And on Thursday, when the value of his Dogecoin holdings fell to $1.5 million, roughly half what it was at the peak, he posted another screenshot of his account on Reddit.
“If I can hodl, you can HODL!” too.