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Since June of this year, a hamster in Germany has been tasked with cryptocurrencies negotiation. Dealing with real money, the hamster has done quite well and has outperformed the likes of Nasdaq, Bitcoin, and even Warren Buffet's investment firm, Berkshire Hathaway, Business Insider reported.
While humans debate the trade-offs of cryptocurrencies as a mode of exchange and even as in investment, a hamster and his unidentified human are showing the best way to deal with the volatile currency. The hamster named mr. goxx goes about his daily business of running on his wheel and spending time in his box while making decisions on the fly about which cryptocurrencies to buy, and for sale.
The support for his efforts is the 'office' of high technology which his human has built around him. This wheel is helping Mr. Goxx choose one of the 30 coins that he negotiates, while the decision to buy or sell is determined by which 'decision' tunnel, M. goxx immediately passes through. While the buying decision is made for a transaction with a value of €20 ($23) at a time, the selling trigger will liquidate all assets held for the selected coin. Just in case, you still think it's a parody post, this is the evidence. Mr. Goxx has his own Twitch channel too and you can watch him trade live over there.
In June, M.GOXXbegan with a $390 fund. Mid-September his portfolio hit an all-time high of $580, reported Protos, a crypto-focused media outlet. Back from Mr. goxx that the weather was a huge 50 percent, much more than bitcoin that had grown only 41 percent. Nasdaq, s&p 500, and berkshire, also, delivered significantly lower yields.
After the recent dip in the crypto market, the value of his portfolio has shrunk a bit, but is still better than the others, as can be seen in the graph below.
Although Source: monsieur.goxx/twitterthough. The profits achieved so far are not even enough to cover the expenses incurred for the crypto-compatible office, the performance of M. goxx at day trading is quite exceptional.
While impressive, Mr.Goxx's Twitter channel sends out disclaimers with every tweet that the information provided must not be treated as financial advice and used purely for entertainment. Seriously, who takes financial advice from a running hamster?
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