The Crypto Trading Hamster: Is It Performing Better?
- A hamster called Mr. Goxx is trading cryptocurrencies, outperforming the S&P 500.
- Mr. Goxx is trading crypto in an automated and high tech enclosure fit for his needs.
- Mr. Goxx started trading cryptocurrencies in June 2021 and selecting its tokens through the “intention wheel.”
The crypto frenzy turns anyone and anything on the planet into an experienced trader. In 2018, an octopus predicted every result from the 2018 FIFA World Cup, showing that financial opportunities are ubiquitous. As cryptocurrencies become a financial cash cow, two German friends established Geox Capital with a career performance of 20%, thanks to Mr. Goxx, a hamster.
Hamster Trading Strategies
Founded in June 2021, Geox Capital has used an unorthodox trading approach, bending trading norms, by empowering a hamster to make all financial decisions. Named after the failed Japanese crypto exchange, Mr. Goxx, the hamster, has gained market recognition after outperforming established investment funds.
According to the BBC, two German friends set up Mr. Goxx’s trading strategy by rigging his hamster habitat to interact with trading decisions. Thus, his “high-tech trading office” connects his running wheel to his token choices, and running through tunnels tells an external API whether the price will go up or down.
His Twitter account currently registers over 13,000 followers, over doubling his Monday total of 5,000 followers. Like any established trader, Mr. Goxx is live-streaming his trades on Twitch; however, according to his “personal” description, “he can enter and leave it whenever he wants.”
According to a BBC article, Mr. Goxx started with a trading balance of €326, placing his first order on XLM, and within a month, his portfolio was in the red, retracing by 7.3%. However, by September, his trading performance had spiked to 19.41%. What’s more, Mr. Goxx trades irregularly, mostly preferring nighttime trading.
On The Flipside
- Two German friends set up the trading setting and environment for Mr. Goxx to perform well.
- Goxx Capital is not associated with the Japanese exchange Mt. Gox.
Magic Trades
The hysteria surrounding Mr. Goxx’s actions would have gone unnoticed if his performance were to be questioned. Unfortunately, the hamster trades with real currencies and his 19.41% profit margins challenge those of hedge funds, and even esteemed trading companies.
According to Protos, Mr. Goxx is up by 50%, while Bitcoin is up only 41% for the current year. Moreover, Goxx has managed to outperform Warren Buffet’s Berkshire Hathaway and the S&P 500, forcing Elon Musk to take a personal stance on recent events. On September 28th, Elon tweeted: “Hamster has mad Skillz,” denoting Goxx Capital’s ability to be in stride as professional traders and continue to make small gains.
A crypto-trading hamster is outperforming the S&P 500 https://t.co/hpZq6e1Nmu
— Neal Katyal (@neal_katyal) September 25, 2021
Crypto Twitter continued to draw comparisons between advanced trading algorithms and a hamster intuition. For example, Harel Jacobson mocked quant/systematic fund strategies when a hamster can easily exceed any complex algorithm.
Why You Should Care?
Cryptocurrencies do not behave similarly to the stock market, and their volatility can be both an asset and a flaw. The hamster’s achievements can be dismissed because they can be assimilated with luck or chance, something most investment funds don’t operate by, which means that, in the long run, the hamster could be losing.
Read more: https://dailycoin.com/the-crypto-trading-hamster-is-it-performing-better/
Text source: DailyCoin.com
