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

Starting point is 00:00:00 I didn't sell on the last bull run at all. So I went from over $10 million to $1 to $2 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?

Starting point is 00:00:20 So that way you never, you know, do too much on either side. Personally, I think Bitcoin is going to hit between $150K to $200K. Damn. what i mean so that way you you never you know do too much on either side personally i think bitcoin's gonna hit one between 150 to 200k damn doge is back baby dogecoin millionaire is 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 yeah doge is back we did i mean dogecoin is shot up to 22 cents what two days ago yeah days ago so you know just changed everything is that the 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

Starting point is 00:01:04 than the bottom yeah but then again there's a lot of crypto going up now too so absolutely so what was your initial investment and did you sell any yet i put in 180 000 in a doge coin at around three or four cents okay so i ran that all the way up to three million dollars at the. Yeah, when it 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 now. Holy crap.

Starting point is 00:01:42 Yeah. So you put in like $350. Yeah. Yeah. And what is it on now um over a million now holy crap and if it hits the all-time high again you'll be at four million and then at a dollar i'm at five million dude so you could retire off that if you play right i mean that's true that's true i mean i might just plan on that so that's nuts and you probably made some other crypto plays 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 um 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

Starting point is 00:02:19 money invested in that so i have avalanche i have ethereum i have cardano i have solana nice so yeah dude you're gonna be chilling this next bull run i mean hey man i already i already know how the cycle is going to play out yeah you know how's it going to play out well we're it's going to be it's cyclical right so every four years crypto does the same thing so you have the bear market we just went through which was brutal was brutal yes and then we have the bull run cycle right so um 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 gonna 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 going to run up crazy.

Starting point is 00:03:05 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 hearing about crypto and your parents are asking you about crypto and your grandma's that, you know you're around the top. So I'm already putting together plans on being able to scale out and sell at a certain you know amount and 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 isn't 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 yeah so bitcoin what's your what's your uh take on So Bitcoin, what's your take on Bitcoin? Well, not take.

Starting point is 00:03:46 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. 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.

Starting point is 00:04:12 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

Starting point is 00:04:32 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 is why I think it's really going to go crazy this time around. So for me, so you're saying 100K in Bitcoin

Starting point is 00:04:53 is uber conservative. Okay, here's why. I didn't sell on the last bull run at all. You have worked so hard to make your business into a reality, but achieving your next business goal, that can be overwhelming.

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Starting point is 00:06:37 Spelled B-A-B-B-E-L.com slash social hour. Rules and restrictions may apply. So I went from over $10 million to $1 to $2 million. Okay. And I'm just a little scarred, honestly. So this time I actually want to cash out some stuff. For sure. Then you should just scale.

Starting point is 00:06:53 Scale out. Instead of 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 $150K, boom, sell the other half or sell a third. I like that it you know what i mean so that way if it goes to 150 boom so the other half or so yeah you know what i mean so that way you you never you know do too much on either side so personally i think bitcoin's gonna hit one 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

Starting point is 00:07:25 the bull run isn't supposed to be in full swing until 2025 really yeah it's like we're about to start but that's 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 got it so if you go back to 2020 bitcoin dropped down to three thousand dollars of bitcoin it went it was bro it was so i mean obviously covid played a role there too but 2020 if you if you line everything up 2020 is 2024 so we didn't start seeing bitcoin hit all-time high so 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

Starting point is 00:08:12 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 i don't know how you how you don't take those 100x risks like i do so the thing is this i'll have maybe 80 of my portfolio into billion dollars uh 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 bonk you're talking pepe yeah brad you got in on those early i got in not on those so so this is the thing those now are in the billions already right so so pepe for example i don't know if

Starting point is 00:09:03 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 three billion dollar 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 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 buying a dogecoin the people that bought in around when i bought in made incredible profit right but now you had people that watch saturday

Starting point is 00:10:05 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 you know whatever it was at the time right 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 thing. I missed out on Dogecoin. What's the next one? That's when Shiba Inu came into play. 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's

Starting point is 00:10:49 going to get to 10 20 30 billion dollar 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 dollar 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 uh 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 dojo felt like they did people are gonna 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 uh pepe's best friend in the

Starting point is 00:11:22 comic book series wow so it's so'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 to that narrative where base chain is Coinbase's blockchain, right? So if you look at the amount of users that Coinbase has, it being the biggest exchange in the US, they have, you know, 100 million plus users that they have every incentive to pushing towards their blockchain so base chain 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 base chain as possible we're going to be making money on the back end as when it comes to taxes gas and

Starting point is 00:12:01 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? Right. Makes sense. You know what I mean? Yeah. So you should look out for new chains and the top meme coins on those chains. Right, right.

Starting point is 00:12:18 So that's another narrative as well. You got Solana. What's the biggest meme coin on Solana right now? It's Dog Whiff Hat. Makes sense. You know what I mean? So base is the next one that everybody's jumping to like what's the top meme coin on there Brett um 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

Starting point is 00:12:50 from now um 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 interesting and you're finding all of this on crypto twitter right all of this is on crypto twitter on telegram on reddit you know and there's a lot of noise on crypto twitter are there certain accounts that you like a lot yeah man uh i like uh crypto calio i like that one he he's very you know heavy on the ta yeah i love that man um there's some big cardano i like cardano whale very uh very ta heavy too um yeah man there's there's a few big accounts that i like i never know who to trust on there because it's i don't know what it's hard

Starting point is 00:13:32 bro it's hard because you know you're you're you don't know that's why i look at ta because you can't lie on t 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 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 um as far as influencers that dox, people with a following that dox on crypto Twitter, just

Starting point is 00:14:09 because I'm fully doxed. You know what I mean? 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? I'm the one that has consequences there. I like to meet people in real life as well.

Starting point is 00:14:26 Same. Yeah, because there's a non-accounts that probably are getting paid behind the scenes. You don't even know about it. You just don't know, bro. And non-accounts is just, it's crazy. Yeah. I mean, they'd be saying the wildest shit, man. Yeah.

Starting point is 00:14:36 And 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. So 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 knowing what they're talking about. But you just never know. Absolutely.

Starting point is 00:14:57 What were you doing before crypto? Hip hop media, bro. Yeah, media? So you owned an outlet? No, no. I worked for a hip-hop media company so i ran their video department in la okay um interviewed rappers celebrities um i was doing a lot of narrations voiceovers for like a different channel actually hip-hop madness shout out to them yeah on at the uk so their youtube channel helped build that out. Hip Hop DX was my main job

Starting point is 00:15:26 in LA and so I, you know, ran around, did that. I also worked with the account on Instagram called Rap.

Starting point is 00:15:33 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,

Starting point is 00:15:39 your favorite rappers. That's awesome. I know Daniel Snow pretty well. 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 hey got a little penthouse out there

Starting point is 00:15:53 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 um 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 dc 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.

Starting point is 00:16:34 Got him a record deal with Rostrum Records. They signed Wiz Khalifa and Mac Miller, RIP. 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

Starting point is 00:16:51 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 right to figure it out and discovered stocks investing

Starting point is 00:17:01 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.

Starting point is 00:17:23 And that just looked like what we were headed to. So I figured, okay, if this is what I'm looking 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?

Starting point is 00:17:43 It was a funny dog meme it was it was memes it just made sense that it'd go viral and i figured you know what i'm gonna 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 sure yeah do you think something like that could ever happen again um i think so it depends on the project. Depends on the coin itself. So something like Dogecoin is too big to fail. That's how I look at it. It's the top 10 cryptocurrency.

Starting point is 00:18:11 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.

Starting point is 00:18:21 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 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 is 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.

Starting point is 00:18:46 I think Dogecoin now is like over $10 billion market cap. We're just getting started, bro. $10 billion market cap. Dogecoin at its height last bull run was at a $90 billion market cap. That's insane.

Starting point is 00:18:57 Which was worth more than every car company in the US. Does Elon own any? He does. He does? He does. He does. He said he came out and said it himself.

Starting point is 00:19:05 He owns Bitcoin, Ethereum, and Dogecoin. That's the only three cryptos he owns. I like that. Bitcoin, Ethereum, and damn.

Starting point is 00:19:12 I know Tesla used to accept crypto at one point. It did. It accepted Bitcoin. Then they had to restructure based on, there was a lot of uproar about Bitcoin not being environmentally safe. Oh, the mining. They always go after the mining, bro.

Starting point is 00:19:26 Energy consumption and all that stuff. But I feel like once we settle it in and then figure it out, I feel like Tesla's going to take Bitcoin for its cars and Dogecoin because Elon was actually asked about this about a week ago on stage. And someone asked if he was going to take Dogecoin for Tesla's, and he said, yeah, here in the future at some point. But you also have to look at X, right, as a platform. It's going to integrate cryptocurrency payments within its system.

Starting point is 00:19:52 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. I always thought that was

Starting point is 00:20:05 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 um 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 um people will stake on a platform right like whether it's coinbase or ftx or any of these platforms uh 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 block five voyager celsius like you lose everything that you put in right so is it

Starting point is 00:20:54 worth that little bit of passive income you're making to lose ultimately all of your say or 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 too.

Starting point is 00:21:12 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.

Starting point is 00:21:23 For two, we're so used to the system of banks and and banks being backed by the u.s government 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 could never go bankrupt.

Starting point is 00:22:01 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 uh so around the time that i did what i did with dogecoin and i put the 180 000 in a dogecoin shoots up to a million dollars. You know, I make the Reddit posts. Hey, guys, I just became a Dogecoin millionaire. That blows up. All of a sudden, I'm getting CNN in my DMs, MSNBC, Business Insider, Newsweekly.

Starting point is 00:22:34 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 right so i had like three or four different ones and i just kind of talked to everybody and and went with the one that i thought would represent me the best um so shout out to optimist uh films but we shot the documentary they followed me around for like a year i had you know cameras

Starting point is 00:23:01 in my face wherever a year yeah damn shot for the whole year and then followed me all the way until my move to Vegas and then they went into a year post production and then we got selected by the Tribeca Film Festival last year

Starting point is 00:23:15 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

Starting point is 00:23:23 and you have Tribeca yeah 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 what a name 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 inside 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

Starting point is 00:23:58 that's a that's a hilarious title to put on the movie i know i mean we have to dude they they go after people that don't say that no i know i mean we have to dude they 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 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 Okay, so you probably do. Okay. And then Fuse TV too. Nice. That's dope, man.

Starting point is 00:24:28 What are you excited about right now? Just meme coin season is going crazy. Just watching liquidity come from Ethereum to Solana, not a base chain. It's just an exciting time. You 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 that's the thing you got to be up like late night yeah you do like you know

Starting point is 00:24:49 loss of sleep like yeah 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 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 $100 or like $200. There was some teenager. You saw that tweet, right?

Starting point is 00:25:19 He made like $7 million 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 i think crypto is the future man because it takes like six days to send an international wire right you can send that in six seconds plus plus you got

Starting point is 00:25:39 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,

Starting point is 00:25:50 anything else you want to promote or close off with? Um, shit, man. Uh, I don't know if there's something I'm supposed to say or what, cause I'm trying to think. Are you good?

Starting point is 00:26:01 Just give your handles, Twitter handle. For sure. For sure. Uh, so Twitter handle is pro the doge, P RR-O-T-H-E, Doge, D-O-G-E. Same thing on Instagram. My moniker on Twitter is SlumDogeMillionaire, so you'll see me pop up.

Starting point is 00:26:15 And then my YouTube channel, The Dogecoin Millionaire. I'm starting to upload more frequently now. We'll link below. Thanks for coming on, man. Can't wait to see you make some money. Of course, man. Of course. All all right see you guys next time peace peace

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

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