I Lost $9M in Crypto: My Biggest Mistake Exposed! | Glauber Contessoto DSH #631

I didn't sell on the last boron at all.

So I went from over $10 million

to one to two million.

Okay.

And I'm just a little scarred, honestly.

So this time, I actually want to cash out some stuff.

Instead of like letting it hit 100K and then selling it all,

sell a third of it or sell half of it.

You know what I mean?

So that way you never, you know, do too much on either side.

Personally, I think Bitcoin is going to hit one between 150 to 200K.

Damn.

Doge is back, baby.

Dogecoin millionaires here today.

Thanks for coming on, man.

Of course, bro.

Thanks for having me.

Yeah, good timing, too, because we scheduled this a while ago, but Doge is back.

We did.

I mean, Dogecoin has shot up to 22 cents, what, two days ago?

Yeah.

A couple days ago.

So it's, you know, just changed everything.

Is that the all-time high for it?

No.

No, no.

Dogecoin's all-time high is like 75 cents.

Damn.

Yeah.

But during the bear market, you know, it went back down.

I think the bottom was like six cents.

So now it's, you know, it's clearly a lot higher than the bottom.

Yeah.

But then again, there's a lot of crypto going up now, too.

Absolutely.

So what was your initial investment?

And did you sell any yet?

I put in $180,000 in a Dogecoin at around $0.000 or $0.04.

Okay.

So I ran that all the way up to $3 million at the top.

Holy crap.

Yeah, when that was at 75 cents.

And then I kind of saw the entire cycle play out.

And I actually bought more when it dropped down.

So when it was down to six cents, I bought, I almost doubled down on everything that I had already purchased.

And so now I'm like

really up on everything that happened.

Holy crap.

So you put in like 300, 350.

Yeah.

Yeah.

And what is it at now?

Over a million now.

Holy crap.

And if it hits an all-time high again, you'll be at 4 million.

And then at a dollar, I'm at 5 million.

Dude.

You could retire off that if you play right now.

I mean, that's true.

That's true.

I mean, I might just plan on that.

That's nuts.

And you probably made some other crypto plates too.

Oh, for sure.

So Dogecoin was just my first one.

You know what I mean?

But like being in the industry for a few years at this point, I learned so many things, man.

Yeah.

I have, you know, tons of other altcoins.

I have, I like the top 10.

You know, I like to have the majority of my money invested in that.

So I have Avalanche.

I have Ethereum.

I have Cardano.

I have Solana.

Nice.

So, yeah.

Dude, you're going to be chilling this next bowl rock.

I mean, mean, hey, man,

I already know how the cycle is going to play out.

Yeah.

You know, how's it going to play out?

Well, it's going to be, it's cyclical, right?

So every four years, crypto does the same thing.

So you have the bear market, which we just went through.

Which was brutal.

Was brutal, yes.

And then we have the bull run cycle, right?

So

every four years, you have the Bitcoin halving, which is about to come up right now.

Yeah, 30 days, right?

Yeah, in the next 30 days, man, April.

And that's going to, you know, cut the rewards in half of Bitcoin and make it more scarce.

And then all of a sudden you got altcoin season.

And so it's, it's going to run up crazy.

And it's hard to tell exactly where the top is,

but when you feel a level of euphoria

where you can't go anywhere without talking and hearing about crypto and your parents are asking you about crypto and your grandma's that, you know, you're around the top.

Right.

So I'm already putting together plans on being able to scale out and sell at a certain amount and make sure I'm good.

Yeah, Sam, I'm thinking 8K for ETH and 100K for Bitcoin.

I mean, yeah, 8K for ETH, 10K for ETH is even not, that's conservative.

You think so?

I think 8K is conservative for ETH for sure.

But that's because ETH does so much, bro.

So, Bitcoin,

what's your take on Bitcoin?

Well, not take, what's your all-time high, you think, on Bitcoin?

I was going to sell mine around 100.

100, okay.

So that's conservative.

You think so?

We're at the cusp of the beginning of the bull run, bro.

And Bitcoin's already at 70,000.

Right.

So if you think about a full bull run cycle,

this is the first time that Bitcoin has surpassed its previous all-time high prior to its having.

Wow.

So that's never happened before, ever.

Crazy.

And I feel like one of the big reasons for that is the Bitcoin ETF, right?

So you got BlackRock investing in Bitcoin.

You have all these major institutional

players investing in Bitcoin.

And it's getting, it's getting hectic.

And pretty soon they're rumored to be coming out with the Ethereum ETF which would also send the price of Ethereum through the roof as well so the fact that you have all these plays happening now that weren't around four years ago or the four years before that yeah is why I think it's really gonna go crazy this time around so I can see so you so you saying a hundred a hundred K in Bitcoin is

uber consumer consumer

here's why I didn't sell on the last boron at all

Babel's 10 minute lessons are quick and handcrafted by over 200 language experts ready to get you talking your way to a new language in just three weeks.

Because talking is the key to really knowing any language.

Babel's advanced speech recognition is like having a personal language guru in your pocket, massaging your pronunciation whenever you open your mouth.

With Babel, you can learn everything you need from vocabulary to culture while holding your own in conversation with anybody.

All it takes is just about 10 minutes a day.

It's designed by real people for having real conversations and it gets you talking.

I've been going to a lot of Spanish-speaking countries over the last few months and Babel has come in clutch.

I now know how to order food and ask where the restroom is when I travel.

Here's a special limited time deal for our listeners.

Right now get up to 60% off your Babel subscription, but only for our listeners at babel.com slash social hour.

That's 60% off at babel.com slash social hour.

Spelled B-A-B-B-E-L dot com slash social hour.

Rules and restrictions may apply.

So I went from over $10 million

to one to $2 million.

Okay.

And I'm just a little scarred, honestly.

So this time, I actually want to cash out some stuff.

Then you should just scale.

Scale out.

Instead of like letting it hit 100K and then selling it all, sell a third of it or sell half of it.

You know what I mean?

So that way if it goes to 150, boom, sell the other half or sell a third.

You know what I mean?

So that way you never, you know, do too much on either side.

So personally, I think Bitcoin's going to hit between 150 to 200K.

Damn.

Yeah.

That's nuts.

Whether it happens this year or next year, because ultimately, you know, if you look at the charts and the graphs and you go back, the bull run isn't supposed to be in full swing until 2025.

Really?

Feels like we're about to start.

But what I'm saying is the reason it feels that way is because Bitcoin has surpassed its previous all-time high prior to the halving.

So if you go back to 2020, Bitcoin dropped down to $3,000 of Bitcoin.

Bro, it was so, I mean, obviously COVID played a role there too, but 2020,

if you line everything up, 2020 is 2024.

So we didn't start seeing Bitcoin hit all-time highs until 2021, which ultimately would be 2025.

right so that's how i'm looking at it obviously things are like kind of going a lot higher a lot faster than i had even predicted i thought it wasn't going to get to these levels until halfway through the year to the to the second half of the year so the the way it's it's getting now it's a little scary actually to the point where i really think uh we're gonna have a super cycle this time around damn that'd be nuts i'm i'm like on crypto twitter right now trying to figure out my altcoin strategy for sure i mean i i do top tens 10s.

I don't know how you do that.

You don't take those 100x risks.

I do.

So the thing is, this, I'll have maybe 80% of my portfolio into billion dollars, blue chip, top 10 cryptos, right?

And then with the 20% of my money, that's what I do the high risks of with.

Got it.

So meme coins, right?

So you're talking dog with hat.

You're talking bunk.

You're talking Pepe.

Yeah.

Brad.

You got in on those early?

I got in, not on those.

So this is the thing.

Those now are in the billions already, right?

So Pepe, for example, I don't know if you remember last year,

bear market, middle of the bear market, right?

This coin, Pepe, comes out, right?

And shoots up from

50 million market cap all the way to 1.5 billion in the bear market, bro.

Nothing was anywhere close to hitting those numbers at that time.

You'd be lucky if a coin hits 10 million market cap at that point.

So seeing what happened there, and now Pepe today is in, I think, $3 billion market cap.

It's doubled what it did in the previous year, and we're on the cusp of beginning the bull run.

So I think Pepe is going to go to 20 million, I mean, 20 billion, 30 billion, 40 billion market cap.

That's very possible for Pepe.

Now, if we base this next bull run cycle when it comes to meme coins based off last, the last one,

the last one, the biggest meme coin was Dogecoin, right?

Yeah.

So what happens is this.

People buy in a Dogecoin.

The people that bought in around when I bought in made incredible profit, right?

But now you had people that watch Saturday Night Live or people that have seen it on the news or Elon talking about it.

It's all over the news, right?

These people are like, oh no, I missed out.

Dogecoin is already 50 cents or 60 cents or whatever it was at the time.

So what do they do?

They automatically look for what's the next best thing.

I missed out on Dogecoin.

What's the next one?

That's when Shiba Inu came into play, right?

So if you remember, Shiba Inu

is the dog breed that Dogecoin is.

And that coin flipped Dogecoin at one point.

But that's how high it got in market cap because people missed out on Doge or felt like they missed out on Dogecoin, got into Shiba.

So I feel like the same thing is going to play out this time around, except it's going to be Pepe.

So Pepe being the leading

leading meme coin, I feel like Pepe is going to get to $10, $20, $30 billion market cap.

And then people are going to start paying attention.

You got your normie friends that are going to hit you up like, hey, should I buy Pepe?

And it's at $40 billion market cap.

And they'll feel like they missed out.

Then they're going to get the next best thing.

All right.

So who's Pepe's best friend?

Like, let's look at the comic book.

You know, you got Brett, you got Andy, you got Wolf.

These are like part of the Pepe world, right?

So the same way people jumped at Shiba when they missed out on Doge or felt like they did, people are going to jump on Brett when they feel like they missed out on Pepe.

Oh, I didn't know Brett was related to Pepe because I saw Brett pop off too.

Brett's Pepe's best friend in the comic book series.

Wow.

So it's so, it's so simple.

It's like, follow the memes.

Follow the memes, man.

And Brett's on base chain, actually.

So there's another part of that narrative where BaseChin is Coinbase's blockchain, right?

So if you look at the amount of users that Coinbase has, it being the biggest exchange in the U.S.,

they have, you know, 100 million plus users that they have every incentive to pushing towards their blockchain.

So Basechain is their blockchain.

So they're going to find ways marketing.

They have unlimited budgets, right?

Let's get as many of our users over to Basechain as possible.

We're going to be making money on the back end when it comes to taxes, gas, and all that stuff, right?

So it makes sense that they're going to be pushing their user base to base chain.

And what's the top meme coin on base chain?

Brett.

Makes sense.

You know what I mean?

Yeah.

So you should look out for new chains and the top meme coins on the chains.

Right.

So that's another narrative as well.

You got Solana.

What's the biggest coin?

Biggest meme coin on Solana right now is Dog with Hat.

Right.

Makes sense.

You know what I mean?

So like, base is the next one that everybody's jumping to.

Like, what's the top meme coin on there?

Brett,

where's it going to go after that?

Right.

So you had Solana, a bunch of traffic, a bunch of volume, a bunch of users come over.

They're shooting to the top meme coins, right?

That's where the liquidity is going, right?

Now you're seeing a wave of people jump on base and base chain.

They're going to the top meme coins on base chain, right?

Then let's say in a few months from now,

it starts moving to Avalanche.

What's the top meme coin on Avalanche?

You know what I mean?

Like that's that's a narrative that people should follow.

And you're finding all of this on crypto Twitter, right?

All of this is on crypto Twitter, on Telegram, on Reddit.

And there's a lot of noise on crypto Twitter.

Are there certain accounts that you like a lot?

Yeah, man.

I like Crypto Kalio.

I like that one.

He's very

heavy on the TA.

I love that, man.

There's some big Cardano.

I like Cardano Whale.

Very...

Very TA heavy too.

Yeah, man.

There's a few big accounts that I like.

I never knew who to trust trust on there because it's, I don't know what

it's hard, bro.

It's hard because, you know,

you don't know.

That's why I look at TA because you can't lie on TA.

Well, it's numbers, right?

So like, so like if they paint a picture on the TA, obviously that's not guaranteeing what the next thing is happening after that, but that's your best bet at predicting where it could possibly go, right?

Right.

Yeah.

I just don't like how a lot of the people are anonymous.

Yeah.

So that's another thing.

There's no repercussions for I'm really big on doxing as far as influencers that dox,

people with a following that dox on crypto, Twitter,

just because I'm fully doxed.

You know what I mean?

And so I know my words carry weight.

And if I'm not completely honest and upfront about everything I talk about, that's on me.

You know what I mean?

Like I'm the one that

has consequences there.

So that's, I mean, I like to meet people in real life as well.

Same.

Yeah, because there's anon accounts that probably are getting piggy behind the scenes.

You don't don't even know what they're doing.

You just don't know, bro.

Anon accounts is just, it's, it's crazy.

Yeah.

I mean, they'd be saying the wildest shit, man.

Yeah.

And then there's NFTs too, because most of them are NFT accounts, right?

So they'll throw an NFT on their PFP.

And you have no idea if they even own that.

Right.

So you got bored.

You got board eight PFPs.

You don't know who owns that, who doesn't.

You got Crypto Punk PFPs.

And you're like, that's supposed to look like that person is, you know, knowing what they're talking about.

But you just never know.

Absolutely.

What were you doing before crypto?

Hip-hop media, bro.

Yeah, media?

You owned an outlet?

No, no, I worked for a hip-hop media company.

So I ran their video department in LA.

Okay.

Interviewed rappers, celebrities.

I was doing a lot of narrations, voiceovers for like a different channel, actually.

Hip-hop madness.

Shout out to them.

Yeah.

At the UK.

So their YouTube channel helped build that out.

Hip-hop DX was my main job in LA.

And so I, you know, ran around, did that.

I also worked with uh the account on instagram called rap it's just rap oh yeah so i did a lot of their interviews i had a show there called quarantine questions where i would interview you know your favorite rappers that's awesome i know daniel snow pretty well okay yeah he's from jersey where i'm from and he kind of took me on when i was broke out there like eight years ago yeah

he moved to miami now right that's how much rap is killing it got a little penthouse out there uh he's doing big things bro yeah that's cool though so you're big into hip-hop still yeah well as far as a student of the game i've always been one So like I grew up, you know, high school, I was big into hip-hop back then.

I was making music.

I had a group of people I made music with, you know, a rap group.

And then I went from making music to making music videos.

So I started shooting music videos locally around, you know, in Maryland, D.C.

area.

And then I went from shooting music videos to discovering an artist and then doing music management.

So managing rappers, you know, back home.

And then that was one of the big reasons I moved to LA to get him a record deal.

So I was, you know, couch surfing, you know, for a year, sleeping on different couches and stuff, trying to figure it out.

Got him a record deal with Rostrum Records.

They signed Wis Khalifa and Mac Miller, R.I.P.

Yeah, so we were doing that for a while.

And then COVID happened.

You know, they had to restructure, let go of some artists.

We were let go.

And that's kind of when I pivoted into investing because I figured if we can't rely on a label to give us money to do what we need to do, then I need to make the money to figure it out.

And discovered stocks, investing and then from there I went into crypto.

So you put all your money in a doge?

I put all my money everything bro.

What gave you that conviction?

Just seeing what I envisioned as the future, just seeing that crypto made sense.

It just everything about it made sense, right?

The blockchain technology, not needing the banks,

being in charge of your own money.

And that just looked like what we were headed to.

So I figured, okay,

if this is what I'm looking at, at, then what is something that I see that I can relate to that I feel like other millennials can relate to and other Gen Z kids can relate to?

And Dogecoin made sense for me because it was that one cryptocurrency that had a face to it, right?

It was a funny dog meme.

It was memes.

It just made sense that it'd go viral.

And I figured, you know what?

I'm going to put all my chips in this basket.

And it ended up working out for me.

I love it, man.

There were so many crypto catastrophes during the last bull run.

Do you think something like that could ever happen again?

I think so.

It depends on the project, depends on

the coin itself.

So something like Dogecoin is too big to fail.

You know, that's how I look at it.

It's the top 10 cryptocurrency.

It's been around since 2013.

It's in the top 10 now?

It's always been in the top 10.

Damn, I didn't know that.

Yeah.

Well, for the longest time, it's been in the top 10.

But yeah, top 10 crypto, bro.

And same thing with the other ones.

Like, I feel like Ethereum is too big to fail.

Yeah.

Well, now they got the SEC stuff, right?

Yeah, now they got the SEC stuff.

But I just, Bitcoin's too big to fail, bro.

Solana, cardano these coins are just even if they don't continue to do as well as they're doing they're too big to go to zero that's that scenario doesn't happen you know yeah in in this case yeah if you're top 10 i'd say you're pretty secure because that's like a what three billion market cap at that point at least bro at least like i think dogecoin now is like over 10 billion dollar market cap and we're just getting started bro 10 billion dogecoin at its height Last bull run was at a $90 billion market cap, which was worth more than every car company in the U.S.

Does Elon own any he does he does

he does he does he said he came out and said it himself he owns he owns bitcoin ethereum and dogecoin that's the only three cryptos he owns i like that yeah bitcoin ethereum and damn i know tesla used to accept uh crypto at one point it did it accepted bitcoin um then they had to restructure based on there was a lot of uproar about bitcoin not being environmentally safe

after the mining

energy consumption and all you know all that stuff but i feel like you know once we we we settle it in and figure it out i feel like tesla's gonna take bitcoin for its cars yeah and dogecoin because elon was actually asked about this about a week ago on stage and someone asked if he was gonna take dogecoin for tesla's and he said yeah that'd be cool here in the future at some point but you also have to look at x right as a platform uh it's it's going to integrate cryptocurrency payments within its system and that's already been in the works for a while now so just look at all the use cases that dogecoin can have once it becomes one of the cryptocurrencies you can use on x love it Do you stake your crypto?

I do, my Cardano liquid staking.

Yeah, I always thought that was interesting because you can make money off your balance.

The cool thing about Cardano, bro, and I know Cardano gets a lot of flack on crypto Twitter,

is the liquid staking.

So it's the ability to take literally all your Cardano, stake it, make passive income with it, and have zero risk of losing any of those assets.

So when it comes to staking in general,

people will stake on a platform, right?

Like whether it's Coinbase or FTX or any of these platforms,

these exchanges, they'll stake for you your crypto and give you passive income because now they have control over it, right?

The issue with that is if an exchange goes bankrupt or something happens, like what happened at FTX, Gemini, BlockFi, Voyager, Celsius, like

you lose everything that you put in, right?

So is it worth that little bit of passive income you're making to lose ultimately all of your savings or all of your crypto?

I don't think so.

So, if it wasn't for liquid staking with Cardano, then I probably wouldn't even be staking.

Agreed.

Yeah, I learned my lesson with there was another one: Anchor.

Anchor.

Anchor, Celsius.

I got wrecked on those two.

Both of them?

Both of them.

Damn, bro.

Seven figures.

Yeah, good lesson, though.

I'm glad it happened because I was way too careless.

The thing with crypto is it doesn't feel like real money.

It feels like video game money for one.

For two, we're so used to the system of banks and banks being backed by the U.S.

government and and FDIC secured that you think whatever you have in the bank, somebody could scam you today or tomorrow and you can call the bank and they'll put the money back in your account.

Right.

Like I feel like that sense of false security that you have in banks translate when you move over to crypto in an exchange, right?

So the same way you'd have $20,000 in Bank of America, you put $20,000 in FTX and you have that sense of security that, oh, FTX is way too big.

It's a huge exchange.

It It could never go bankrupt, right?

And that gives you a false sense of security because crypto is a lot more volatile than, you know, US dollar.

Yep.

So things can happen.

Absolutely.

Talk to me about the documentary.

When did that come out?

How did that happen?

Documentary, man.

That was exciting.

So

around the time that I did what I did with Dogecoin and I put the $180,000 into Dogecoin, shoots up to a million dollars.

You know, I make the Reddit post.

Hey, guys, I just became a Dogecoin millionaire.

That blows up.

All of a sudden, I'm getting CNN CNN in my DMs, MSNBC, Business Insider, News Weekly.

You know what I mean?

New York Times reached out.

I was on the cover of the New York Times.

Crazy.

Around that time, I'm getting production companies hitting me up to do a documentary on me.

So I had like three or four different ones, and I just kind of talked to everybody and went with the one that I thought would represent me the best.

So shout out to Optimus Films.

But we shot the documentary.

They followed me around for like a year.

I had, you know, cameras in my face, wherever I wanted.

Yeah, damn.

Shot for the whole year, and then followed me all the way until I moved to Vegas.

And then they went into a year post-production.

And then we got selected by the Tribeca Film Festival last year, and we had the world premiere on a red carpet event out in New York.

That's insane.

So, yeah, top three film festivals, man.

You have South by Southwest, you have Sundance films, and you have Tribeca.

So that was a huge deal.

And then we locked in a deal with Apple TV and Amazon Video.

so a few months ago it was actually released and now you can check it out uh this is not financial advice on apple tv

i love that name yeah i used to have to say that when i posted even like a top 10 altcoin but that's the funny part about it because like as insider like we're in the game so we know what we have to say and we know like we understand that kind of thing so like a youtuber saying this is not financial advice at the end of a video is such a common phrase right that we all use that it's like oh that's that's a that's a hilarious title to put on the movie.

I know.

I mean, we have to, dude.

They go after people that don't say that.

No, I know.

Unfortunately, a lot of influencers get get heat for it.

Right, bro.

So, you know, one of those legal things, man.

Well, uh, but check out the movie.

Yeah, I'm gonna check it out for real.

It's on uh, Hulu, you said?

It's on Apple TV and Amazon Video.

I gotta see if I have Apple TV.

I might have Amazon Video because I have Prime.

Okay, so you probably do.

Okay.

And then Fuse TV, too.

Nice.

That's dope, man.

What are you excited about right now?

Just meme coin seasons going crazy.

Just watching liquidity come from, you know, Ethereum to Solana, not a base chain.

It's just an exciting time, you know.

Pulled up with the charts.

I walked in on you.

Yeah, man.

You got to be on top of it because these days, every minute counts, right?

Yeah, exactly.

That's the thing.

You got to be up late night.

Yeah, you do.

Like, you know, loss of sleep.

Like, you're just, you know, glued to your screen, man.

Like, I miss those times, you know?

So, like, now we're seeing it, you know, start starting to come back up.

So it's exciting.

Yeah, you can make, I can't think of any other industry where you can make this much money this fast.

This fast and

with such little

like to start with.

Right.

You know what I mean?

I've seen people on Solana, bro, making hundreds of thousands of dollars off of like a hundred bucks or like 200 bucks.

There was some teenager, you saw that tweet, right?

He made like seven miles off like 10K or something.

Yeah, insane.

Insane.

But it's the reality of it.

So it makes sense why people are getting more and more attracted to like, let me jump into crypto.

Let me try to figure it out.

Let me see what this is all about you know yeah yeah i think crypto is the future man because it takes like six days to send an international wire right you send that in six seconds plus plus you you got it goes through so many different you know steps to get to the other side and you got taxes you're paying out the ass like it's crazy bro yeah uh dude anything you want to anything else you want to promote or close off with um

Shit, man.

I don't know if there's something I'm supposed to say or what because I'm trying to think of it.

Are you good?

Just give your handles, Twitter handle, for sure, for sure.

Uh, so Twitter handle is pro the doge, P-R-O-T-H-E, Doge, D-O-G-E.

Same thing on Instagram.

My moniker on Twitter is slum doge millionaire, so you'll see me pop up.

And then my YouTube channel, The Dogecoin Millionaire.

You know, I'm starting to upload more frequently now.

So, yeah, we'll link below.

Thanks for coming on, man.

Can't wait to see you make some money.

Of course, man, of course.

All right, see you guys next time.

Peace.

Peace.