Glauber Contessoto Buys Cardano (ADA) – Still Holding DOGE & Buying The Dips
Glauber Contessoto added Cardano (ADA) to his portfolio, and keeps on holding his Dogecoin bags with expectation of future price surge.
Glauber Contessoto, who is also known as ‘Dogecoin millionaire’, became famous after sharing his Dogecoin portfolio on Reddit. Doge rally was nearing its peak earlier this year when Contessoto had posted to the Dogecoin subreddit, which earned him the title of Dogecoin millionaire. Since then DOGE price has gone down, but what has kept Contessoto in the spotlight was his refusal to dump his dogecoin holdings despite the asset’s depreciation.
Despite losing over $150K in a single day, Contessoto had held on to his Dogecoin. Refusing to sell even a small fraction of it. This has led to Contessoto losing his millionaire status. As the market heads into even rougher paths ahead, the investor has revealed that he indeed does not plan to sell his Doge holdings.
Holding And Buying The Dips on DOGE
Contessoto recently shared on Twitter with his 83K followers an update on his Dogecoin holdings. According to the tweet, Contessoto is still holding on to his Dogecoin investments from 2020. And has, in fact, continued to increase his holdings over time. Apparently buying coins every time the digital asset had dipped this year. And plans to hold through to 2023.
If anyone is wondering, I’m still holding every single one of my #dogecoin – I’ve bought every dip in 2021 and I can’t wait to see where #doge is in 2022 & 2023. The future is bright for currency with a cute dog meme on it. If I can retire at 35 with 10 million I’ll be happy ??
Contessoto argues that to be in the crypto market, one has to be willing to go through the good and the bad times. And that investors have to be prepared to take on bear markets when they do happen.
If you can’t hold through a bear market, do you even deserve to be in crypto? No, that’s bullshit. ? #BARS
Contessoto shared in late August that he was no longer only focusing on Dogecoin. Cardano caught his attention, and he planned to go “all in”. He explained that in the next five years, Cardano will be one of the top 5 coins in the market, which made it a good crypto bet.
At this point, the price of ADA had grown to almost $3 and Contessoto said he was waiting for a dip before buying into the asset. Cardano had not been spared in the recent market crash and its price had lost its hold on the $3 point. This had prompted Contessoto to buy ADA.
So staying true to my word ?? I went ahead and bought $7,200 dollars worth of #Cardano at $2.06 – I needed exactly 3,500 coins ??? #ADA – there’s room for all good coins on the MOON! ?? Let’s GoOoOooOooO!!! pic.twitter.com/5ZbyPRAz71
