Dogecoin Investor Glauber Contessoto Continuing to Buy Crypto | Avaneesh Parasar

 

Dogecoin Investor Glauber Contessoto Continuing to Buy Crypto | Avaneesh Parasar

Contessoto said he has bought more Dogecoins worth $5,300 (roughly Rs 3.94 lakh). Avaneesh Parasar

Bitcoin, Dogecoin, and other popular cryptocurrencies may have lost a considerable part of their value in the market volatility that’s been going on for a few months, not many early-bird investors seem worried. In fact, some are even advocating to “buy the dip,” believing the market has bottomed out and it can only bounce back from here. Among them is a 33-year-old resident from Los Angeles, Glauber Contessoto, who claimed in April that he became a Dogecoin millionaire in “just 69 days.” Contessoto recently said he has bought more Dogecoins worth $5,300 (roughly Rs 3.94 lakhs).

“Practice what you preach,” he said.

Dogecoin hit 16 cents (roughly Rs 11.90) Tuesday morning before recovering to 17 cents (roughly Rs. 12.66), when Contessoto bought the dip. At the time of writing, Dogecoin price in India stood at Rs. 14.27.

Contessoto had invested over $250,000 (roughly Rs 1.85 crores) in Dogecoin on February 5, when it was priced at about 4.5 cents (roughly Rs. 3). About two months later, on April 15, he said he became a millionaire.

A month later, when the value of his cryptocurrency holdings surpassed $2 million (roughly Rs. 14.93 crores), he put out a post on Reddit, asking the Dogecoin community to “unite” and not sell their digital assets. Instead, he asked them to buy more.
Read more: https://gadgets.ndtv.com/cryptocurrency/news/dogecoin-price-dip-glauber-contessoto-investor-millionaire-continue-buy-hodl-2492007

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