People are developing different investment strategies to increase their income levels using digital assets. An anonymous trader has a hamster do most of the work. This hamster has become a phenomenon of recent days with his crypto trading. The pet even has a modest following on a channel called “Fish Plays Pokemon” on Twitch’s live streaming video platform.
Interestingly, the hamster, Mr. Goxx, the inspiration for the name is probably the first giant Bitcoin exchange Mt. gox. The German hamster has been trading digital assets since June 12. But he himself does not have the sharp mind of an experienced trader, he uses a tricky cage called the “Goxx Box”.
The cage essentially consists of a cleverly constructed mechanism as a small trading office suitable for a hamster. First, the hamster goes through a “wheel of intent” where one of the 30 cryptocurrencies listed for trading is selected. The most important digital assets held by Hamster are Tron, Ripple’s XRP, Cardano’s ADA and Ethereum.
Mr. Goxx then goes through one of two “decision tunnels”, one marked ‘buy’ and the other ‘sell’. Mr. Goxx can then leave his office at will.
Rightly so, most people find the invention largely random and disorganized, while others find it quite fascinating. The Goxx Box may be based on the book “A Random Walk Down Wall Street” by author Burton Malkiel. Malkiel believed that a blindfolded monkey throwing darts at a newspaper’s stock list could do just as well as human investment professionals.
However, according to Goxx’s daily Twitter posts, Mr. The Goxx portfolio rose nearly 24 percent on Friday. The hamster’s portfolio started with the equivalent of $390 in euros. By mid-September, the portfolio was up nearly 50 percent in less than three months, hitting an all-time high of $580. Bitcoin rose 41 percent over the same period. Mr Goxx’s gains also outstripped the S&P 500 in the same period, Warren Buffet’s Berkshire Hathaway and Cathie Wood’s ARK Innovation.
However, the hamster’s portfolio was not immune to the recent market-wide crypto drop. However, the owner plans to give Mr. Goxx more investment opportunities in the future.