“Dogecoin Millionaire” reveals that he is still holding on to DOGE despite losses

Dogecoin millionaire Glauber Contessoto first stepped into the spotlight after posting his Dogecoin portfolio on Reddit. As the Doge rally neared its peak, Contessoto had posted on the Dogecoin subreddit, earning him the Dogecoin millionaire title. What kept Contessoto in the spotlight, however, wasn’t his millionaire status. It was his refusal to throw away his bags when the digital asset began to decline.

Despite losing over $ 150,000 in a single day, Contessoto kept his Dogecoin. Refuses to sell even a small fraction of it. This has resulted in Contessoto losing his millionaire status. But the investor remains undeterred by his determination. With the market even rougher, the investor has announced that it actually has no plans to sell its Doge holdings.

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Hold his Dogecoin and buy the dips

Contessoto recently took to Twitter to give his 83,000+ followers an update on his Dogecoin holdings. According to the tweet, Contessoto is still sticking to its 2020 Dogecoin investments. And has even increased its holdings of the meme coin over time. Apparently he bought coins every time the digital asset went down that year. And plans to hold out until 2023.

If anyone is wondering, I still hold every single one of my #dogecoin – I bought every dip in 2021 and can’t wait to see where #doge is in 2022 & 2023. The future is bright for currencies with a cute dog meme on it. When I can retire at 35 with 10 million, I’ll be happy

– SlumDOGE Millionaire (@ProTheDoge) September 28, 2021

Dogecoin trading over $ 0.2 | Source: DOGEUSD on TradingView.com

Contessoto stated that investors must be ready to face the good times and the bad to be in the crypto market. And that investors need to be ready to immerse themselves in bear markets when they occur.

Obviously we are not in a bear market right now 🤦🏼‍♂️ I say it will come in the future and if it does you need to be prepared for HODL.

– SlumDOGE Millionaire (@ProTheDoge) September 29, 2021

“If you can’t survive a bear market, do you even deserve to be in crypto? No, that’s Bulls ** t, ”added Contessoto.

Cardano joins the lineup

Contessoto announced at the end of August that he was no longer focusing solely on Dogecoin. Investors had found another project that caught his attention, Cardano, and said he was planning to go “all in”. He explained his reasoning and stated that Cardano will be among the top 5 coins in the market for the next five years, making it a good crypto bet.

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By that point, ADA’s price had risen to nearly $ 3, and Contessoto said he planned to wait for a decline before buying the asset. And kept his word. Cardano had not been spared the recent market crash and its price had lost its hold at the $ 3 mark. This led Contessoto to buy ADA.

So I’ll stay true to my word 🙏🏼 I bought #Cardano worth $ 7,200 at $ 2.06 – I needed exactly 3,500 coins 😂😂😂 #ADA – there is room for all good coins on the MOON! 🚀🌔 Let’s GoOoOooOooO !!! pic.twitter.com/5ZbyPRAz71

– SlumDOGE Millionaire (@ProTheDoge) September 28, 2021

In addition to Dogecoin, Contessoto now holds at least $ 3,500 ADA worth $ 7,200 and continues to tweet updates on his trip with Cardano.

Featured image from Unsplash, chart from TradingView.com

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