A hamster in Germany, named Mr. Goxx has been trading cryptocurrencies in a box designed by his “business partner”. The box allows the small pet to determine which cryptocurrency it would like to trade and whether Mr. Goxx would like to buy or sell.
The Goxx Box, as the trading box has been dubbed on the Hamster’s designated Twitter (TWTR) +0.79% account works by letting Mr. Goxx run on the Intention Wheel, to determine his crypto and then run through one of two Decision-Tunnels, which automatically place a long or a short trade.
The trading box is attached to Mr. Goxx’s normal home and he can enter the box if and when he pleases. A livestream lets fans online take part in the hamster’s trading career. Mr. Goxx’s owner and business partner remains anonymous.
The Hamster began trading in June and has since built up an impressive portfolio. According to the Twitter account, run and managed by the rodent’s business partner, Mr. Goxx’s crypto portfolio is up 24%. This means the trading hamster is outperforming Bitcoin (BTC) +1.00% and the S&P 500 (SPX) +0.15%.
Crypto’s currently in the pet’s portfolio include Ripple’s XRP (XRP) +2.22%, Tron (TRX) +1.15%, Ada (ADA) -0.71% and Ether (ETH) +1.33%. Mr. Goxx’s trading career began with the Euro equivalent of $390 and hit a high of $580 earlier in September.
Every trade placed by the hamster is in €20 increments, Mr. Goxx’s business partner tells Protos, who first reported on the finance-hamster. “There are plans to give Mr. Goxx more control and let him intentionally pick his amount if the interest in his channel keeps growing,” (Business Insider, 2021).
Mr. Goxx has made €77 in profits as of Friday, the 24th of September 2021. The hamster’s profits were up further, however, the crypto sell-off recently has negatively affected his portfolio. All things considered; the hamster seems to be happy with his earnings:
“Mr. Goxx is happy to see that some of his investments finally pay off,” (Business Insider, 2021).
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*Image Credit: @mrgoxx twitter channel.
*Stock percentage taken on 27.09.2021 at 10:17.
*Fox, Matthew (26. September 2021). Business Insider: A hamster has been trading cryptocurrencies in a cage rigged to automatically buy and sell tokens since June – and it’s currently outperforming the S&P 500. Last viewed on 27.09.2021 on https://markets.businessinsider.com/news/currencies/hamster-trading-cryptocurrencies-rigged-cage-goxx-bitcoin-price-ether-doge-2021-9.
