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Office Hamster Beats the S&P 500 by Trading Crypto Tokens
Crypto trading hamster Mr Goxx has been outperforming the S&P 500 since June, using a device called the “Goxx Box” to give signals and make purchases during a live stream on Twitch to an audience that follows him.
Mr Goxx, based in Germany, has been independently trading a portfolio of cryptos that has so far seen the rodent outperform Warren Buffett’s Berkshire Hathaway, the Nasdaq 100, Bitcoin, and the S&P 500.
The S&P Dow Jones recently launched a range of new crypto-focused indices, strengthening its position in the crypto world.
Mr Goxx trades according to a system built on an infrastructure called the “Goxx Box”, which allows him to choose a cryptocurrency and send signals to traders.
How the Goxx Box Works
Mr Goxx’s human caretaker designed a system that uses a hamster “intentional” wheel to choose one of about 30 cryptos to trade, and two tubes – or “decision tunnels” – the critter crawls through to indicate whether the selected crypto should be bought or sold.
Mr Goxx vs The Market
The current top cryptos held by the hamster include Tron, Ripple’s XRP, Cardano’s ADA, and Ether. Since Mr Goxx started trading in June, he has grown his portfolio nearly 24 percent. His portfolio was funded with the euro equivalent of US$390 and his anonymous caretaker and business partner has explained that the trades Mr Goxx makes are automatically set to 20 euro increments.
Since September 24, Mr Goxx has generated profits of 77 euros, and his portfolio hit a high of about US$580 in mid-September.
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.
Mr Goxx’s anonymous human caretaker
To get a better sense of how Mr Goxx operates, this performance review posted to YouTube should be of assistance:
It’s an Impressive Start But Be Wary
Given that Mr Goxx has only been trading since June, his performance is certainly impressive, although human traders should proceed with caution when taking investment advice and be aware that growing a crypto portfolio takes time.
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In May this year, Crypto News Australia reported on one trader who has been at it for 10 years and shares the lessons he has learned along the way.
Author
Jana Serfontein
Jana has keen interest in what cryptocurrencies have to offer in regards to NGO’s, governments and the financial system. And is also intrigued with the psychological effect that cryptocurrencies have on society.
