From falling to the bottom to returning to glory, he relied on 'this coin' to complete the counterattack and became an encryption KOL.

Gamble on DOGE, get rich overnight and lose it all.

For Glauber Contessoto, known as the 'DOGE millionaire', the journey of cryptocurrency investment in the past few years has been a series of ups and downs. In late 2020 to early 2021, he made a stunning decision: to gamble his life savings and max out his credit cards to invest $180,000 in DOGE. This gamble brought him unexpected returns, with his assets skyrocketing to $3 million at one point. However, he did not sell at the peak, and subsequently, the DOGE market cap plummeted, causing his investment portfolio to fall to $200,000 and becoming the object of ridicule. During that period, he lived in a shabby apartment and drove an old Toyota, living a relatively ordinary life.

Source: Decrypt 'DOGE millionaire' Glauber Contessoto

Stick to your beliefs and double down against the odds

During the period when DOGE dropped to a low of $0.055, many investors began to question Contessoto's investment decisions. Every day, when he logged into social media, he faced a lot of criticism and insults, especially from those who claimed to have suffered losses by following his advice.

"I have a lot of people who have invested because of me, so I feel responsible to them and can't just sell like this!" Contessoto told the foreign media "Decrypt".

At the lowest ebb of the asset shrinkage, his finger once hovered over the sell button, pondering whether it was all worth it. However, in the end, he not only did not sell, but chose to increase his investment, smashing in another $71,500 to buy 1.3 million DOGE again. This unexpected decision raised more questions about his judgment.

Return to glory, profit greatly

With DOGE recently breaking $0.40, Contessoto's investment value has returned to $2.1 million.

Source: X Glauber Contessoto's investment in DOGE has returned to a value of $2.1 million.

Contessoto said, "Everything I said before is happening. It feels great, although I can't replicate the feeling of going from nothing to a millionaire for the first time, but this time feels like a very exciting sequel." Unlike last time, he said he would take a more cautious approach: "This time, I will definitely take profits, but I may not sell all of my holdings. Obviously, I have learned the lesson of taking profits at the right time." He is consulting experienced traders to plan his exit strategy and intends to gradually reduce his holdings when BTC reaches its peak.

Crisis turns into opportunity, establish personal brand

This thrilling investment journey unexpectedly brought Contessoto another business opportunity. Although many people ridiculed him for missing the chance to make a profit of $3 million at the beginning, he believes that in the long run, it was a "wise" decision. By recording his investment journey on YouTube, sharing the final investment portfolio status in each episode, he accumulated 115,000 subscribers, and the number of followers even reached 355,000, all of which were not available before this investment storm.

Contessoto explained: "This is actually my original goal, I want to build a personal brand through this whole process. I make YouTube videos, do product advertisements, shoot commercials, and sell merch products every day... basically monetizing the entire journey."

According to the documentary 'The Meme Economy: This is Not Financial Advice' in June 2023, he has earned $690,000 through sponsorship collaborations and even moved into a mansion in Las Vegas. However, becoming a Cryptocurrency KOL has also brought new challenges.

Image Source: IMDb documentary "The Meme Economy: This is Not Financial Advice"

However, Block chain detective ZachXBT has pointed out that Contessoto has previously promoted some projects suspected of "Rug Pull", including Token Safereum, whose team dumped 600 Ethercoins, leading to a big dump in Token price by nearly 95%. In response, Contessoto said, "I will do my best to research, but I am not a detective or a technical expert. All I can do is to try my best to ensure the legitimacy of the project, but sometimes accidents still happen."

[Disclaimer] The market is risky, and investment needs to be cautious. This article does not constitute investment advice. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific situation. Invest at your own risk.

"'From falling to the bottom to returning to glory, he completed a counterattack with 'this coin' and became an encryption KOL.' This article was first published in 'encryption city'."