Crypto-trading hamster beats human investors with its investment ‘strategy’

0


Its returns are better than some of the world’s major stock markets

A hamster in Germany made more than € 50 in profit trading cryptocurrencies, all from the comfort of his own cage.

Mr Goxx has been ‘trading’ since June 12 and, as of September 28, he had more than 16% more than his original starting fund of € 326 (£ 278).

The process is relatively straightforward: Mr. Goxx spins in his “intent wheel” which cycles through his various trading options to choose which one he wishes to trade. In his cage are also two tunnels, one marked “sell” and the other “buy.” Once he’s made his choice in the wheel, whatever tunnel he goes through next, he decides what to do with that option.

The electronics wired to his “office” by his owners then complete the business according to Mr. Goxx’s wishes.

So far Mr. Goxx’s returns of 16.62% are better than major stock markets such as the FTSE 100 or the Dow Jones – and the wheel dealer even beats the company’s investment performance. of tycoon Warren Buffet, Berkshire Hathaway, according to crypto news site Protos.

In his heyday, Mr. Goxx even beat Bitcoin’s yields in the crypto market.

The furry guy’s business partners are two men in Germany who started the project during the “corona madness that befell our lives”.

The anonymous duo told the BBC: “We felt that everything is getting more and more expensive these days and that construction savings are very difficult to achieve with high rents to pay.

“It seems like most people in our generation see no other chance than to throw a large chunk of their savings into the crypto market, having no idea what’s going on there.

“We were joking about whether my hamster would be able to make smarter investment decisions than us humans.”

It’s a small, complex setup that they created for the hamster as well. Every time Mr. Goxx walks into his fully automated office, a stream starts on his Twitch channel and his Twitter account notifies subscribers that it has started a trading session.

Using technology – including software scripts, microcontrollers and single board computers – the decisions Mr. Goxx makes then happen as he makes them.

In each tweet however, the helping duo Mr. Goxx emphasizes that his decisions should not be taken as trading advice, despite his success.

But its owner, a speaker and prototyping specialist, says he likes to spark people’s interest in new technologies, especially the more complex ones like crypto. He said from the start of the project he had “people who would normally run away if they heard the word ‘blockchain'” asking him for information on “this whole crypto thing”.

To the moon Mr Goxx, to the moon.

Related links:



Leave A Reply

Your email address will not be published.