Friday November 15, 2024
By the evening edition.
Glauber Contessoto managed to accumulate the equivalent of three million dollars in Dogecoins, a cryptocurrency backed by Elon Musk, before it collapsed. However, he has never sold and the volatility of prices offers him a second chance to be rich. However, he announces that he will not make the same mistake twice.
Not everyone makes a fortune investing in cryptocurrencies. On the contrary. But Glauber Contessoto, known in the industry under the alias ProTheDoge, had enjoyed great success by placing his savings in Dogecoin. He was even a leading figure, accumulating up to the equivalent of three million dollars. A nest egg that he never converted. After reaching a peak in May 2021, favored in particular by the promotion offered by Elon Musk, its price fell suddenly. Long tormented by this error, Glauber Contessoto, who was betting on the long term, is today rewarded for his loyalty. Dogecoin has regained strength and the American's portfolio would once again exceed two million dollars, according to the specialized site Decrypt.
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The long-term bet
“Everything I said would happen is happening. It feels really good, Glauber Contessoto told the media outlet. I'll never be able to experience the feeling again from the first time when I became a millionaire from nothing, but it feels like a really good sequel. » The investor who became a crypto influencer found himself in a delicate position when those who followed his advice also lost money. He justified keeping his Dogecoins out of respect for all those who invested according to his instructions.
He now plans to sell
Although he relishes this turnaround, the “Dogecoin millionaire”, as he calls himself on YouTube, where more than 116,000 people follow him, nevertheless announces that he will not make the same mistake twice. “I will definitely sell this time. One lesson I obviously learned was to take profits, he declared to Decrypt. Am I going to sell my entire bag of Dogecoins? Probably not. » He indicated that he was going to be accompanied by experienced financiers to gradually recover his wealth which until now remains virtual. In 2021, Dogecoin went from €0.56 to €0.14 in a month and a half.
