A Crypto-Trading Hamster Performs Better Than Warren Buffett And The S&P 500

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What if we told you there was a hamster who has been trading cryptocurrencies since June — and recently was doing better than Warren Buffett and the S&P 500?

Meet Mr. Goxx, a hamster who works out of what is possibly the most high-tech hamster cage in existence.

It’s designed so that when Mr. Goxx runs on the hamster wheel, he can select among dozens of cryptocurrencies. Then, deciding between two tunnels, he chooses whether to buy or sell. According to the Twitch account for the hamster, his decision is sent over to a real trading platform — and yes, real money is involved.

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Look, we’re not telling you to follow in this hamster’s financial decisions or that this process is scientific in any way. The human behind this hamster’s account and money has not been made public.

But what we can tell you is his portfolio is up nearly 20% since he started trading in June, according to his Twitter account. And as of Sept. 12, Mr. Goxx was performing better than Bitcoin, the Nasdaq 100, Warren Buffett’s Berkshire Hathaway and the S&P 500.

While Mr. Goxx’s methodology is random at best, it does remind us that where people get their financial advice from is certainly changing.

We’ve seen people getting tips from TikTok and from two kids in Baltimore.

And in recent years, there’s been more stock-picking on Wall Street from bots. NPR’s Planet Money even built its own in 2017 that invested money based off President Donald Trump’s tweets.

Cryptocurrency price live – Pi Network allows users to mine crypto on phone as Bitcoin tumbles following China news

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PI Network claims to be the first and only digital currency that you can mine on your phone as Bitcoin tumbles following China’s new regulations.

Through a complex computer program, Pi Network instead uses a series of votes and exchanges of data to verify transactions, allowing users to mine the currency through the mobile app “without draining their phone battery.”

This makes the process available to anybody, in theory, Myron Jobson, personal finance campaigner of Interactive Investor, told The Sun.

Bitcoin and other cryptocurrencies continue to dip after China’s central bank announced that all cryptocurrency trading is illegal in the country and mining the tokens is banned.

Bitcoin fell by as much as 5.5 percent and Ethereum plunged by around six percent on Friday, according to Coinmarketcap.

Read our cryptocurrency live blog for the latest news and updates…

A Hamster on Twitch Is Trading Crypto and Beating the Stock Market

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A hamster on a treadmill is doing a decent job of playing the cryptocurrency market. His name is Mr. Goxx and his adorable day trading antics are live streamed to the world on his Twitch channel.

Mr. Goxx, who is named for the infamous Mt. Gox cryptocurrency exchange that imploded in 2014, lives in Germany, where a currently anonymous human business partner keeps up maintenance of his office. Inside is a treadmill, a tunnel to scurry down for “buy” and a tunnel for “sell”, two cameras, a Tesla emblem, a desk with miniature computers, and a killer view of a cityscape.

It’s time to trade when Mr. Goxx wanders into the office. A run in his treadmill will select one of 30 different cryptocurrencies. Once he dismounts and wanders through a tunnel, an automated system buys or sells depending on which one he ran through.

Mr. Goxx began his day trading hamster life with a portfolio of €326 ($381). He buys and sells in €20 increments and is locked out of using the tunnels for 20 seconds after he’s run through them. This prevents the temperamental hamster from immediately selling what he’s just bought.

The tiny crypto trader started working the markets in June. According to his first performance review in July, he was down about 7 percent. He’s since rebounded and as of close of business on Friday, was up about 20 percent, or €63, according to Mr. Goxx’s official Twitter account.

The tokens that Mr. Goxx buys and sells run the gamut. He’s got positions in Bitcoin, Doge, Ethereum, and Polkadot, among others. He’s up right now, but he’s usually running at a loss. Still, he’s had success: On Monday, the Mr. Goxx Twitter account said that the hamster was up 19.41 percent, outperforming the S&P 500 for the past three months.

Press attention has poured in recently, as the curious tune in to see how this hamster on a treadmill will do at playing the notoriously volatile cryptocurrency markets. Even Brian Sullivan of CNBC has gotten in on the action, although he seemed a bit baffled.

“I don’t know how much he reads or she reads research reports,” Sullivan remarked, while watching the hamster scamper down a tunnel to make a trade. “Look at that, Mr. Goxx is going to get some corn or whatever.”

“I don’t know where you go with any of these stories,” Sullivan said after watching the hamster make a €20 sale of the cryptocurrency Ripple.

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