Dogecoin makes someone a millionaire
Glauber Contessoto, 33, who works at a Los Angeles music establishment, shared his account of how he turned into a Dogecoin entrepreneur in just over two months.
CNBC Make It financial backer revealed at a distributed meeting Friday that he placed more than $ 180,000 in Dogecoin on February 5 when it was valued at around 4.5 pence. Discover the digital currency of the image on Reddit and was teased by Elon Musk of Tesla who tweeted about DOGE at some events.
Contesuto explained that it was pulled into dogecoin for a number of reasons. Other than affection for the Reddit people group that includes Dogecoin, he said he appreciates the digital currency that Shiba Inu's "Doge" image stimulates.
He is also very optimistic about growing the money, and is confident that it can help him build "fortunes for generations" to give to his future family. He said, "I grew up really poor, so that's a formidable arrangement for me."
Additionally, as with other Dog Queen holders, he said:
One of the reasons I put my backup money in Dogecoin is Elon Musk ... I think the guy is talented.
To put resources into DOGE, Contessoto sold all of the offerings he owned, including Tesla and Uber stocks, and emptied his entire reserve money into digital cash. At that point, he contributed to the edge of the abyss by getting criticism from Robinhood through the app.
Few specialists have warned against putting resources into dogecoin. For example, Mike Novogratz, the bitcoin bull at Galaxy Digital, revealed to CNBC this week that Dogecoin "in the true sense of the word, two people own 30% of the total supply." He added that Bitcoin likewise has a complete, highly funded ecosystem that does not exist with Dogecoin, which does not have a stock cap like Bitcoin.
It was too dangerous for Contesuto given the fact that he had contributed and kept crypto money despite his comrades ’alerts, and one of them alerted: You will get to nothing, in the end. "
About two months after the event, on the evening of April 15th, the cost of Dogecoin began to rise. At that point it expanded 400% and had a market cap of $ 49 billion on April 16th. Dogecoin finally reached a record high of around 45 pence. Contissoto's credit on April 16 on Robinhood was $ 1,081,441.29, which he posted on Reddit for others to see.
Demanding that he does not expect to sell his coins at any time in the near future, he said:
My ranking is, when I hit 10 million, I'll get 10%. These things will continue to evolve.
Dogecoin is currently valued at $ 0.284006 USD depending on information from market.Bitcoin.com. Despite the new drop in value, Contesuto said his DOGE gross is over $ 1 million.
This is a good advantage that cryptocurrency has added to a lot of people, this is a clear example of one of them and it is a good thing.
A man of vision, although his investments were more impulsive and affectionate. That is the cryptographic world, a roller coaster where the adrenaline rises at every moment because of the surprises that each sudden rise and fall brings. With time people get used to this rhythm but at the beginning there are many scares. @tipu curate 2
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Well I really want doge coin to do well, it's usually more interesting when a joke becomes money.