Technology
Crypto-trading HAMSTER is now ‘beating world’s TOP investor Warren Buffett’
A PET hamster is taking the crypto world by storm by outperforming top traders such as Warren Buffett.
The Germany-based anonymous owner of the furry investor describes him as the “world’s first crypto hamster”.
Goxx CapitalThe world’s first ‘crypto hamster’ is making a splash on Twitch[/caption]
Goxx CapitalThe hamster’s office, where trades are ‘decided’[/caption]
They post clips of the rodent “choosing” when to buy and sell to streaming platform Twitch under the handle “mr_goxx”.
Since June, the hamster is up by about 20 per cent – beating many professional traders and funds.
The four-legged financial fiend is not completing transactions himself, of course.
Instead, Goxx’s trading decisions are made inside a camera-rigged “office” attached to his regular cage.
Every day, when he enters the office, a stream is started on Twitch and a tweet is sent out to his followers notifying them that trading has begun.
The hamster then runs on an “intention wheel” that chooses one of 30 different cryptocurrencies to trade.
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The amount to be traded is determined when Goxx runs through one of two “decision tunnels”.
Depending on which tunnel he runs through, the amount he will buy or sell the cryptocurrency changes in 20 euro increments.
All of the data is rigged to a computer that makes the transactions in real time on Goxx’s behalf.
Goxx launched his portfolio with the Euro equivalent of $390 in an exchange account. It hit an all-time high of $580 this month.
That puts him ahead of the S&P 500 and Warren Buffet’s Berkshire Hathaway over the same period.
Speaking to the BBC, the two 30-something German men behind the channel explained that the idea started as a joke.
“We felt that everything keeps getting more expensive these days and building savings is super-hard to achieve with high rents to pay,” they said.
“It seems like most people from our generation see no other chance than throwing a lot of their savings on the crypto market, without having a clue what’s going on there.
“We were joking about whether my hamster would be able to make smarter investment decisions than we humans do.”
The ‘trading office’ is rigged up to a computer
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