A crypto-trading hamster outperformed Warren Buffett and the S&P 500

    While the world speculates on which cryptocurrencies to invest in, a hamster in Germany named “Mr. Goxx” has been trading various crypto since June and has been outperforming Warren Buffet, Bitcoin, and the S&P 500.

    According to Mr. Goxx’s Twitter, the hamster’s portfolio is up over 20% in that time and involves real money and quite possibly the most technologically advanced hamster cage in existence. On any given day, the hamster will enter its “Goxx Box” — a separate office in its home that houses an “intention wheel” that is wired to about 30 different cryptocurrencies.

    (Source: https://hypebeast.com/2021/9/mr-goxx-cryptocurrency-trading-hamster-germany )

    It’s designed so that when Mr. Goxx runs on the hamster wheel, he can select among dozens of cryptocurrencies. Then, deciding between two tunnels, he chooses whether to buy or sell a certain trade. According to the Twitch account for the hamster, his decision is sent over to a real trading platform where the real money is involved.

    As of last Friday, the portfolio was up nearly 24%, according to the Twitter feed that documents daily performance, along with every trade made by the hamster. Mr. Goxx’s performance outpaces Bitcoin and the S&P 500 over the same period.

    (Source: https://protos.com/crypto-trading-hamster-goxx-outperforms-bitcoin-buffett-wood/ )

    The top cryptocurrencies currently held by the hamster include TRON, Ripple’s XRP, Cardano’s ADA, and Ether.

    Goxx’s portfolio was funded with the euro equivalent of $390, according to a report from Protos. Mr. Goxx’s unidentified caretaker and business partner told Protos that the trades the hamster makes are automatically set to 20 euro increments.

    “There are plans to give Mr. Goxx more control and let him intentionally pick his buy amount if the interest in his channel keeps growing,” the business partner told Protos.

    Mr. Goxx has so far generated profits of 77 euros as of Friday afternoon. Its portfolio hit a high of nearly $580 in mid-September, when its performance was up nearly 50% in less than three months, according to performance data compiled by Protos. But since then, the recent crypto sell-off has put a dent in the hamster’s profits.

    While Mr. Goxx’s methodology is random at best, it does remind us that where people get their financial advice from is certainly changing.

    The owner of the hamster reiterates that Mr. Goxx is for entertainment purposes and should not be taken seriously for financial advice. But for those still curious, check out the livestream of Mr. Goxx to observe its trading ways.

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