Dogecoin only needs to fall another 3 cents for him to lose everything.

[Anonymous No.49495121]

The SlumDoge millionaire purchased Dogecoin in February 2021, at the start of the biggest bull run in crypto history. The SlumDoge Millionaire (real name Glauber Contessoto) saw the potential for Dogecoin and at 31, liquidated all his assets and borrowed money from friends and family, amassing a total of $250,000. Glauber then went all in on Dogecoin, purchasing roughly 4 million coins.

In less than 3 months, Dogecoin had risen from 4 cents to 75 cents. Glauber was a Reddit and social media celebrity. Showing how 1 lucky play made this 30 year old loser into a millionaire. Reddit yelled "KEEP HOLDING, $1 SOON!" and Glauber kept holding. Glauber, who had started off with $250,000 in borrowed money, now had over 3 million in profits. But then, it happened. Elon Musk went on SNL and caused the biggest dump in crypto history. In 2 months, Bitcoin had lost nearly 50% of its value, dragging unlucky altcoins to its grave. Dogecoin fell over 25% overnight. Losing Glauber over 1 million in 1 day.

As the market continued to bleed, so did the shitcoin casino. Glauber turned to other dog coins to make up for what he had lost, but 90% of them were rugpulls, and the other 10% lost 99% of their value.

One year later, Glauber Contessoto is no longer a millionaire, and his $250,000 starting money is down to $400,000.

Glauber let greed and a community dictate his funds and how he used his money. This man became a mascot for a meme coin and now lost almost everything. He literally could've sold the 3 million, most likely came out with a little over 2 million in taxes, and then just lived off Share dividends.

The lesson? Don't get too greedy. Invest in serious coins that have long term value and set sell goals for when you hit a certain price point.

[Anonymous No.49495174]

>>49495121
dude doge will literally go to the moon

[Anonymous No.49495210]

>>49495174
Anon... it already has

[Anonymous No.49495232]

>>49495121
>Glauber turned to other dog coins
HAHAHAHAHA NO FUCKING WAY!
ARE YOU FUCKING KIDDING ME?

[Anonymous No.49495236]

>Glauber Contessoto was born in Brazil but immigrated to the United States with his family at a young age
That explains a lot

[Anonymous No.49495296]

>>49495210
no like literally, as in with a rocket

[Anonymous No.49495329]

Graham said to sell.

[Anonymous No.49495354]

>>49495296
look up DOGE-1 mission

will happen this year. most likely at the end

here's the twitter of the company that's sending the rocket https://twitter.com/int_machines/status/1391843506193326092

[Anonymous No.49495377]

>>49495121
>Invest in serious coins
like what? chainlink? LMAO

[Anonymous No.49495495]

>>49495354
Elon has said that self driving cars should be ready “by next year” since 2013. He also hasn’t mentioned the Doge-1 mission for nearly a year. Don’t believe anything he says.

Also, we’re in a bear market right now. Even if I eat my words and that shit does end up happening, the most price action you’d expect to see is maybe a 30% pump for a couple days back to 9-10 cents and then just another slow downtrend.

[Anonymous No.49495544]

>>49495121
So, he's still in profit?

[Anonymous No.49495560]

>>49495495
>Elon has said that self-driving cars should be ready “by next year”
I'd wait till 2023 then before you start criticizing him.

[Anonymous No.49495580]

>>49495121
His fate will be shared by all shitcoin investors.

BTC and XMR will survive, everything else is going to zero.

[Anonymous No.49496009]

>>49495354
>mission paid for in DOGE
FUCKING KEK

[Anonymous No.49496458]

>Invest in serious coins that have long term value
this is unironically even more retarded than dogcoins

[Anonymous No.49497977]

If this guy was indian or a chink that money would have been sold and 10xd already.

White people are the only ones doing stupid hodl and diamond hands shit.

so low iq and foolish.

[Anonymous No.49498041]

>>49495121
Usually I love cumming over loss stories but that's actually pretty sad.

The irony here is that these youtubers are going to end up having more money through their ridiculous advice than they ever do in crypto.

[Anonymous No.49498332]

the riches man in crypto is a high frequency trader and not the satoshi cold storage wallets. welcome to crypto faggot

[Anonymous No.49498536]

>>49495544
no, he is about even when you consider all the rugpulls he invested in

[Anonymous No.49498863]

>>49495121
I did way better than that.

[Anonymous No.49499133]

Problem is, if he had tried to sell three million dollars worth of doge it would have tanked the price, he only ever had theoretical wealth.

[Anonymous No.49499200]

>turns $250k into $400k
dumbest man ever what a failure

[Anonymous No.49499213]

>>49499133
He would have needed to be strategic but with like 30 billion mc in doge at the time it wouldn't have rugged it

[Anonymous No.49499270]

>>49497977
>white guy
>names himself after a pajeet movie character trying to prove his innocence after striking it rich on a game show
>probably never even saw the movie because naming himself after it doesn't make any sense rather than the cringy addition of the letter E to make him sound like he bussin ong
i think him living in vegas and looking homeless is a sad omen

[Anonymous No.49499373]

I think Im in the same situation as him but with much less to lose.
$1.2k into Kishu first day and saw it pump to $1.7mil then dropping to around $1.3mil before I could trade it for Eth. Played casino a bit with small cash while the rest of my port is in Eth, BTC and Link. With this crash I'm sitting at a little over $300k so I think I did much better than this faggot.

[Anonymous No.49501739]

>>49499133
BSC shitcoiner detected. At the top dogecoin was literally the highest volume coin on the market

[Anonymous No.49501744]

>>49495121
This dude even took out a loan for his Doge, he should have at least took enough to pay that back. I held too like an idiot so I understand the mentality but I didn't have millions at ATH like he did

>>49495174
I think Doge will moon again too, but it might drop more first. The economic situation is shit right now, but next bull run I think the original shitcoin will be back again.

[Anonymous No.49501826]

>>49499133
Would selling only 3 million Doge have actually tanked the price though, or are you just saying that because you're used to BSC rug coins?

[Anonymous No.49501894]

>>49499133
I mean, would it have mattered? In April/May of 2021 Doge had something like 20-30 billion a day in average volume. The most his sell off would’ve dropped the price is about 3%.

[Anonymous No.49502594]

>>49499213
yeah, all the smartfags have already sold a week later after elon's SNL appearance and rugged it for him

[Anonymous No.49502642]

Fuck me I legit feel like the smartest man on planet earth when compared to this guy. Homie out here listening to reddit. Just sell, homie thinks he's holding something with utility like matic or something? IT'S A SHITCOIN.

[Anonymous No.49502662]

>>49495121
this man looks like hes 5% dog genetically

[Anonymous No.49502763]

>>49499213

BTC rugged when Do Kwon had to sell 0.4% of supply. These things aren't liquid, that's just how it is.

[Anonymous No.49502774]

I am also a brazillian and last year I made 1.2mi in REALIZED profits with a brazillian dog coin called Vira-lata finance (ticker: REAU). How much did I put in? Only $700 kek
Yet you wont see me in the news being a retard.

[Anonymous No.49502782]

I screenshoted the account of deepfuckingvalue and posted it often on /biz/
Actually, a success story, minus the memes

[Anonymous No.49502793]

>>49495121
>set sell goals for when you hit a certain price point.
this is what I took away from this and my own experience. I fucked up in a similar way but at least im not a public figure lol

[Anonymous No.49502839]

>>49502782
and his end result

[Anonymous No.49502842]

>>49502662
or the bastard, crackhead brother of LA Beast

[Anonymous No.49502898]

>>49502763
one of the top dogecoin whales was selling 600k usd of dogecoin every 15 mins continuously for like 3 weeks before elon musk went on snl. dogecoin was extremely liquid to the point that whales were using the pair to buy and sell btc with less slippage. you could have easily cashed out 3m

[Anonymous No.49503050]

tfw margin called
tfw your name is Glauber

[Anonymous No.49503099]

Imagine turning down 3 million dollars in exchange for likes and subscribes on youtube.

He even said to graham that he didn't want to sell because he would have to pay tax. LMAO. problem solved then.

What a fucking faggot

[Anonymous No.49503109]

>>49495121
The lesson? Don't get too greedy. Invest in serious coins that have long term value and set sell goals for when you hit a certain price point.

This, it’s sad he didn’t see the obvious sell the news of elon, but that’s why you either sell 3/4’s on the way, 1/4 then another and another, leaving one moon bag and enough cash to keep you happy.

Oh you could have had 100m and all you have is 25m from your moonbag? Yea no one is crying over that. That almost never happens, so all you will have is what you sell on the way up.
Same eith shorting, size out not in our you’ll get reamed on a rally

[Anonymous No.49503122]

>>49495121
Lol, I had 2 million DOGE that I got for under $1000. Traded for BTC when DOGE was 3.5 cents. Then it went to 71 cents a month later. Been kicking myself in the face ever since. But at least I'm not this chump who declared himself a millionaire WITHOUT TAKING PROFITS. Hahaha.

[Anonymous No.49503168]

>>49495121
>Invest in serious coins that have long term value

So not crypto then?

Crypto is all literally inherently worthless.

[Anonymous No.49503253]

>>49503099
I’m not saying this dude isn’t a giant fuckup, but put yourself in his position. Your just some average, ordinary dude. Not special in any way. Suddenly, you hear about Dogecoin, a cryptocurrency taking over the world. You gather all the money you can, and go all in.

A month passes, and suddenly, your a millionaire. You post to r/Dogecoin on reddit, which has over a million members with 100,000 currently active. Your post on how you’ve become a Dogecoin millionaire inspires thousands. Your met with endless comments congratulating you and telling you what a legend you are.

Suddenly your a hero and people care about your story. You get involved with journalism as your story spreads across the cryptocurrency world. Dogecoin continues to climb, and you keep posting on Reddit. Again, your met with thousands of comments telling you congratulations and HODL. These comments and tens of thousands of upvotes put a dopamine in your mind you’ve never experienced before.

You see, it wasn’t just about the money for this guy. He became a legend. He inspired hundreds of thousands that their dreams might be possible and he knew it, THATS why he held on. Too bad he went out sad.

[Anonymous No.49503341]

>>49503253
he should have done the deepfuckingvalue play. he became a legend too and cashed out at the top and dumped on reddit lmao

[Anonymous No.49503354]

>>49503122
this. if you don't sell, you don't lose, but what they never tell you is if you don't sell, you don't win either

[Anonymous No.49503456]

Last year I hit a >100x on a shitcoin for 6 mil profit and I cashed out 90% of all my crypto that week. Cash in my bank - minus half for taxes. I have no idea how the fuck you win the lotto like this and don't immediately lock in retirement. I can't imagine hodling retarded shit coins that ALREADY mooned 1000x and losing it all and having to fucking wage still instead of living the neet life. And if I wanted to I can just rebuy everything I had for like 1/20th of the price now.

[Anonymous No.49503500]

>>49495121
don't invest in crypto
simple as
it's just casino for millennials

[Anonymous No.49503532]

>>49503253
>Suddenly, you hear about Dogecoin, a cryptocurrency taking over the world

[Anonymous No.49503590]

>>49495121
He made doge his entire identity.

[Anonymous No.49503609]

>$250,000 starting money is down to $400,000.
Ok... so he made $150k profit in 1 year, starting from some bum lifestyle? Why feel sorry for him? He should just cash out now.

[Anonymous No.49503688]

>>49503341
Is there proof that DFV sold his shares? I mean the guys been ghost for a year now and personally I think he did, but is there any confirmation?

[Anonymous No.49503715]

>>49503253
learning when to sell is a tough lesson for rookie traders. They think there is more money to be made. Leave the last 20% for the other guy is a good bet, if you see a blow off top, best to take some profits off the table.

[Anonymous No.49503834]

>>49503688
bro the guy isnt a retard hes a value investor. if you watch his streams and shit he said at one point that he didnt buy for the squeeze scenario, that was just one catalyst that could make the price explode along with a few others. i bought gme at $8 because of him and watched literally all his streams and read everything about it every day up until ryan cohen took over the board then i sold and havent followed it since. sucks that he disappeared because there was a shit ton of gold information in his streams and youtube videos, i paused the videos on his portfolio and kept track of some of natgas stocks he was buying around the same time in 2020 and last i checked they did a 4-5x (probably a lot more now since russia invaded ukraine). gamestop was only like 4% of his portfolio

[Anonymous No.49503917]

>>49495210
How do you not sell the top of that chart?
Even if you think it's going 10x higher, there has to be a massive correction after that kind of batshit pump.

Every time I feel bad about myself, I read what doge bag holders say, and it makes me feel like a genius.

[Anonymous No.49504027]

>>49503834
Wow, I had no idea. I was away with family on holiday in January 2021 so personally I missed all the news. DFV sounds like a gigachad. Do you reckon the “moass” is going to happen like all the retards on reddit think?

[Anonymous No.49504168]

>>49503917
If your feeling bad about your portfolio, just visit r/Dogecoin. Over 3 million members with like 1000 active. Still posting about “going to the moon” despite the chart being literally the definition of “already happened.” Half of the posts from the sub are just recycles and the other half don’t even have to do with dogecoin. I can’t imagine how many of those millions bought in near the top from the hype and got wrecked.

I honestly don’t see it recovering from here. The inflation rate for dogecoin is too high and the volitility is too. If you made profits, great. If you didn’t, just pick some other meme coin that you can make profits off.

[Anonymous No.49504224]

>>49495121
>implying he didn't get at least his initial out
nobody is THAT retarded
right?

[Anonymous No.49504384]

>>49504224
I think that this is the dudes last chance. Just take out that 250k, (he’d still have 150k left) and just go for a diversified portfolio of BTC, ETH and a few alts. It’s his best chance of recovery for the next bull run.

[Anonymous No.49505464]

>>49503609
>>49504384
>just cash out at the bottom

the state of this board

[Anonymous No.49505568]

>>49495121

Who knows what might happen to those who are consumed by greed.

[Anonymous No.49505607]

>>49505464
Exactly, why the fuck would you cash out at the bottom? Elon hasn't given up on Doge, Vitalik is on the board. Wait for the next bull run and cash out your Doge then, and then diversify.

>>49504168
I compared with other big subreddits and the members active is about average for a sub that size

>>49504224
According to him he didn't. He is fucked too because he bought a lot of his Doge through loans

[Anonymous No.49505923]

>0.076

[Anonymous No.49506052]

>>49503050
This is Esau

[Anonymous No.49506081]

>>49505607
This post is pure cope.

[Anonymous No.49506380]

>>49499133
This is excellent bait. I've cashed out 8 figures from sub 100 rank coins and been fine. You take maybe a 20% haircut and spread it out over a few days. Especially if your tokens are already on an exchange and thus can't be tracked by incels

[Anonymous No.49506536]

>>49505464
>just cash out at the bottom
He's got 150k profit. In his position I would hold, but OP made it sound like he owes people a lot of money fast, and is trying to write him off as a sob story.

[Anonymous No.49508698]

>>49505464
>just cash out at the bottom
>THIS IS THE BOTTOM
>Doge is currently worth 7c

KEK we are nowhere near the bottom.
Real bottom is around .002

[Anonymous No.49509359]

>>49503253
>put yourself in his position
I would never be a gambler who sells everything and takes on a ton of debt just to YOLO on some shitcoin
I would never go farming clout on fucking reddit and social media
I don't want to be random people's "hero"

I became a millionaire through work, research, and patience. I don't want the seething retarded masses to know my wealth. Hell, it's bad enough that my extended family knows and they're always asking me for shit.

[Anonymous No.49509795]

>>49495354
all of this useless funny money bullshit was relevant when inflation was 2% and money was cheap
it all feels hilariously out of touch at this point now

[Anonymous No.49509922]

elon on SNL was the most obvious top signal ever

[Anonymous No.49510113]

>>49495174
this dog has had it's day

[Anonymous No.49512314]

>>49495377
or AVAX ALBT, OCEAN. Literally so many others better than fucking DOGE, lmao. A good DEX, a bridge between DeFi and TradFi and web 3. These are actual utilities.

[Anonymous No.49513418]

>>49495232
He just REALLY likes dogs.You have no idea.

[Anonymous No.49513627]

>>49503917
>How do you not sell the top of that chart?
Fucking kek, you absolute retard

[Anonymous No.49514341]

>>49495580
Why is Ethereum, Avalanche and Allianceblock not added here, pajeet. Latter also has connections with Tradfi, more likely to survive.

[Anonymous No.49515518]

Is there still hope to buy doge low and get some return?

[Anonymous No.49516446]

>>49515518
Wait for the next wave of hype and suckers. those who can afford to throw money at this prices gets rewarded for their gamble.

[Anonymous No.49516573]

>>49505607
>Elon hasn't given up on Doge
He never was "with" it retard, he mentioned a shitcoin, it blew up, he sold all his coins immediately and got a net profit. He doesn't care about "le tech" or the future or whatever the fuck, he just realized that this kind of stock manipulation tier bullshit is totally A-OK in crypto and jumped on it in an advantageous way.

He's a businessman before everything else, if he sees a way to make money, he does it.

[Anonymous No.49516608]

>>49495121
he looks like he is tripping his his prostate off in that picture. Why would anyone take a picture like that of themselves.

[Anonymous No.49518323]

>>49515518
Yes in 2024, but don't buy yet, I think it'll go lower