The trading hamster provides fun, financial entertainment on social media for all to enjoy.
Impressive Gains from Random Choices
There’s a crypto-trading hamster out there, and he’s been trading better than nearly everyone. Mr. Goxx is a hamster who has been live streaming crypto trading sessions on Twitch, and his portfolio has outperformed both the S&P 500 and Warren Buffet.
Overall, Mr. Goxx has seen an impressive 16% growth since trading in July. Bitcoin rose 14%, and the S&P 500 climbed 5%, while the Berkshire Hathaway B shares of Warren Buffett fell 2%. Even with his impressive gains, Mr. Goxx will not forget to pay back his fair share in taxes.
“Mr. Goxx is happy to see that some of his investments finally pay off,” the anonymous human partner told Protos.com in an interview from this month. “Since Mr. Goxx is an honorable business rodent, he must calculate with about 35% tax being subtracted on all his returns, so there is still some work left before he can really talk about making money,” they added.
Goxx Capital is a one-hamster operation with Mr. Goxx as CEO, but there is a human caretaker, aka the business partner, behind the phenomenon that remains anonymous. Mr. Goxx works out of his Goxx Box, which could be the most technologically sophisticated hamster cage in the world. He even has office hours.
How the Trading Works
During trading sessions, Mr. Goxx hops on an intention wheel that rotates and lands on a cryptocurrency to trade. Then, he must run through either a buy tunnel or a sell tunnel. The tunnel choice then triggers an immediate real-time trade of about 20 Euros.
The earliest streams only saw a few hundred viewers, but some streams have thousands of attendees. Despite the great investment returns, Mr. Goxx’s Twitch and Reddit accounts indicate that the account is strictly for entertainment.
Even if he continues to outperform trends, randomness is unlikely to be a sound strategy for portfolio growth. Especially in crypto and decentralized finance, BSC News wants all investors to do their due diligence.
Source : bsc.news
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