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Since June, a hamster named Mr. Goxx has managed an independent wallet that trades cryptocurrencies from a high-tech cage called the Goxx Box. Its portfolio includes a wide range of cryptocurrencies, including TRON, Ethereum, and Bitcoin.
Mr. Goxx’s trading sessions are streamed live on Twitch. First, the hamster operates on an “intention wheel”, which spins and chooses a cryptocurrency. Then, it goes through either a “buy” or a “sell” tunnel, triggering purchases or sales worth around $ 20 of the cryptocurrency.
Mr. Goxx’s human trading partner, who presumably executes the trades, prefers to remain anonymous but posts buy and sell orders on
Twitter and Reddit. Hamster’s “office hours” and crypto updates can be followed on his Twitch and Reddit page.
In an interview with crypto website Protos, the human behind Mr. Goxx said the crypto choices were not yet paying enough to pay for Mr. Goxx’s high-tech digs, which include an office with wooden computer screens. .
On Saturday, the hamster’s performance was up
more than 16% since it started trading in June, according to data from Protos – an impressive feat for anyone, let alone a rodent. Its returns are better than those of Bitcoin, S&P 500 and Warren Buffett
Berkshire Hathaway (BRKB).
Bitcoin and the S&P 500 climbed around 14% and 5%, respectively, over the same period. Berkshire Hathaway B shares, meanwhile, fell 2%. Mr. Buffett might want to invest in an intention wheel.
“Mr. Goxx is happy to see that some of his investments are finally paying off,” Mr. Goxx’s human partner told Protos.
After an initial investment of just over 300 euros, or $ 390, Mr. Goxx made a profit of 54 euros on Sunday, or about $ 63.
However, this is a drop from a high in mid-September, when data from Protos showed the portfolio had risen by almost 50%, to almost $ 500. Bitcoin, the world’s most actively traded cryptocurrency, has only grown by 41% over the same period.
Financial advisers tout a broad buy and hold investment strategy, claiming even well-regarded asset-picking portfolio managers will ultimately lose to a monkey making stock picks by throwing darts at a board . Or, in this case, a hamster in a maze.
Even though Mr. Goxx continues to beat the S&P 500, investing based on the random movements of a hamster is not a good investment strategy. Hamster’s Twitch and Reddit accounts make it clear that the investments are for entertainment purposes only.
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