James Panos’s success and Dogecoin

February 2, 2020 CryptoCurrency

Cryptocurrency is the hot new digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of money, operating independently of a central bank. Cryptos such as Bitcoin used to be held in what were called darkwallets and used on the Dark Web to buy goods, often illegally. It was a way to hide and protect the buyer’s identity when buying drugs, weapons, stolen information, etc.

Meet James Panos, 23 years of age. He invested $1,800 he received from bonds from his grandparents into these very same cryptocurrencies in an app available to the public called Robinhood and in just over three months has generated over $40,000 in profits.

In one short year, Panos’s initial investment of $2,800 snowballed tallying his entire portfolio to just over $39,000 in three months! James is predicting that his portfolio will reach $100,000 in the next month unless something drastic within the market occurs.

He understood that he wasn’t going to make money holding onto the cryptocurrencies so he began to day trade them accumulating over $20,000 in profits. From there he began to diversify his portolio just in time for the Tesla boom. Today he now holds shares in TSLA, XLRN, STSA, GSAT, and DLPH ontop of his two favorite cryptocurrencies, BTC and DOGE.

Because of the background and unknowness about cryptocurrencies, James’s parents were skeptical with their sons’s predictions in earnings when explaining to them the first time. New research shows it is the youngest generation of investors that has the best understanding of the market while the current force of bankers still don’t categorize cryptos as an asset. Panos was advised not to do so but went for it anyways. The first day he saw 13% return on investment.

Dogecoin (DOGE) is his favorite cryptocurrency to mess around with. He day trades over 300,000 shares a day regularly fueling his buying power to further diversify his portfolio.

Dogecoin is a decentralized, peer-to-peer digital currency that enables you to easily send money online. Think of it as “the internet currency.” Dogecoin sets itself apart from other digital currencies with an amazing, vibrant community made up of friendly folks just like you. “Doge” is our fun, friendly mascot! The Shiba Inu is a Japanese breed of dog that was popularized as an online meme and represents Dogecoin.

Panos, currently finishing up his final year at DePaul University studying business administration and marketing, will turn 24 in September when he plans to broaden his business interest into possibly advising online using various social media platforms.

He plans to put sites like Reddit and and Discussion forums which communities rely heavily on to gain knowledge on the market out of commission by launching an app for novice investors just starting out.