Market

A hamster trade coin 24% profit in 3 months just by “running”

A hamster in Germany has been trading coins since June and is making profits that are better than the performance of Bitcoin and the S&P 500 index. The mouse is called Mr. Goxx, and works in an office called the “Goxx Box” to deliver coins in front of an audience signal and act following the live stream on its Twitch platform. Mr. Goxx has achieved an impressive current return of + 24% and even rose to + 50% ahead of the recent crypto sell-off.

Goxx’s investment performance compared to Bitcoin and other funds

In the “Goxx Box” office, the hamster performs various “exercises”, e.g. B. run in circles and then perform certain cryptocurrency transactions.

First, Mr.Goxx will run in circles to select one of around 30 cryptocurrencies to trade. After the selection, the mouse runs through one of two decision tunnels to trigger a purchase or sale of the previously selected coin.

“Goxx Box”, this hamster’s office

Goxx’s crypto portfolio includes TRX, XRP, ADA, ETH, CHZ, and dozens of other altcoins. Mr. Goxx started at $ 390 in June and has grown to $ 498 today. The mouse also uses Twitter @mrgoxx to report its portfolio movements and keep fans informed of the sales and performance of each trading session it attends.

Mr. Goxx has over 3,000 followers on Twitch, making it one of the most famous crypto-related channels on this online gaming streaming platform.

This hamster also shows a particular preference for TRX. It is currently the largest coin in Mr Goxx’s portfolio and he has never sold TRX.

A partner of the rat owner said, “We plan to give Goxx more control and let it decide how much cryptocurrency it will buy when more people are interested in its content channel.”

Mr. Goxx has made a profit of 63.27 euros so far on September 27, 1:00 p.m. The portfolio peaked at nearly $ 580 in mid-June when returns hit nearly 50% in less than 3 months. However, since then, the recent sell-off of cryptocurrencies has affected the Rat’s investment performance.

According to Business Insider, Mr.Goxx is a testimony from the book “Random Walk on Wall Street” by Burton Malkiel. In the book, this author talks about how a blindfolded monkey throwing arrows at some stocks in the newspaper can be as effective as a human investment professional.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Squid game

According to AZCoin News

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.