His returns are better than those of some of the world’s major stock markets
A hamster in Germany has made over €50 in profit from trading in cryptocurrency, all from the comfort of his own cage.
Mr Goxx has been ‘trading’ since June 12 and as of September 28 is over 16 per cent up on his initial starting fund of €326 (£278).
The process if relatively simple: Mr Goxx runs in his ‘intention wheel’ which spins through his different trading options in order to choose which he would like to trade in. In his cage are also two tunnels, one marked ‘sell’ and the other ‘buy.’ After he has made his choice in the wheel, whichever tunnel he then walks though decides what he does with that option.
Electronics wired to his ‘office’ by his owners then complete the trade according to Mr Goxx’s desires.
So far, Mr Goxx’s returns of 16.62 per cent are better than those of major stock markets such as the FTSE 100 or the Dow Jones – and the wheeler dealer is even beating the performance of investing tycoon Warren Buffet’s company, Berkshire Hathaway, according to crypto news site Protos.
Mr. Goxx has concluded his office hours for tonight with 3 order(s) placed.
Career Performance: +54.18 EUR (+16.62 %)
DISCLAIMER
This content is for entertainment purposes only. Investments shown here are not financial advice.— Mr. Goxx (@mrgoxx) September 28, 2021
At his peak, Mr Goxx has even been beating Bitcoin’s returns in the crypto market.
The furry fella’s business partners are two men in Germany who started the project during the “corona madness that hit our lives.”
The anonymous duo told the BBC: “We felt that everything keeps getting more expensive these days and building savings is super-hard to achieve with high rents to pay.
“It seems like most people from our generation see no other chance than throwing a lot of their savings on the crypto market, without having a clue what’s going on there.
“We were joking about whether my hamster would be able to make smarter investment decisions than we humans do.”
It’s a complex little set up they created for the hamster as well. Whenever Mr Goxx enters his fully-automated office, a stream starts on his Twitch channel and his Twitter account alerts followers that he has started a trading session.
Using technology – including software scripting, microcontrollers and single-board computers – the decisions made by Mr Goxx then happen the moment he makes them.
In every tweet though, the duo helping Mr Goxx point out that his decisions should not be taken as trading advice, despite his success.
But his owner, who is a lecturer and prototyping specialist, says he likes to spark people’s interest in new technologies, particularly complex ones such as crypto. He said that since the project began he has got “people that will normally run away if they’d hear the word ‘blockchain'” asking him for information on “this whole crypto thing.”
To the moon Mr Goxx, to the moon.
Related links:
RELATED ARTICLES
MORE FROM JOE
MORE FROM JOE
