Crypto-trading hamster from Germany makes higher profits than most human investors
The highly volatile cryptocurrency market is usually not for the faint of heart. Besides the well-known virtual currencies like Bitcoin, Ethereum and even Dogecoin, there is an extensive number of smaller volume coins that can easily cause a massive capital loss for investors. Two men from Germany now decided to put these difficult investment decisions into the hands of a possibly less intelligent life form, which has lead to surprising results.
The hamster called Mister Goxx, whose name is a reference to the defunct Bitcoin marketplace Mt.Gox, is maintaining both a Twitter account as well as a Twitch account for his livestreams. During his livestreams, he exercises in his hamster wheel (from US$12 on Amazon) and depending on where the wheel stops and which one of the two tunnel he uses, an attached PC executes the according trades.
The results are pretty impressive, as Mister Goxx managed to generate a capital gain of almost 20 percent, which is probably better than many human investors who put their money into traditional stocks and funds. This came after the hamster had a rocky start into his career when he lost more than 7 percent of his capital in the first month of trading. Therefore his story is also a cautionary tale which emphasizes the risks, dangers and arbitrariness of trading with crypto currencies such as BTC and ETH, which is why this article should clearly not be read as investment advice.