Mr. Goxx is a successful crypto investor from Germany, founder and head of Goxx Capital. His investment portfolio grew by 18.65% in 4 months since its creation and at its peak, the yield reached 24%. But what attracted the most attention to this story in particular was the fact that Mr. Goxx is a hamster. Yes, you read that right.
A Hamster’s Journey into the World of Crypto Trading
Mr. Goxx’s career was organized by his owner, who to this day still remains anonymous. Technically, the hamster’s trading process is automated and organized quite simply:
- The hamster’s cage office has two plastic tubes and a running wheel connected to motion sensors.
- A jog in the wheel activates an asset selection.
- A run on one of the tubes activates the purchase or sale of an asset for €20.
- Through the API, the hamster’s actions are converted into exchange transactions.
Thus, the trading process is fully computerized and depends on the actions of Mr. Goxx. There are about 30 popular cryptocurrencies among the assets he trades:
- ADA and others
This “office” is constantly streaming on Twitch, while the results of trading sessions are published in his Twitter account and on Reddit. As it stands, his social networks have already gathered a large audience. Mr. Gox entered trading in June, and since then, his portfolio yield as a percentage has been higher than those of Berkshire Hathaway, Nasdaq and S&P.
Ironically, the hamster’s name is an allusion to the name of one of the first cryptocurrency exchanges, Mt.Gox, which shut down in 2014 after hackers stole 850,000 BTC from its accounts. No less ironically, a “hamster” in trading jargon is a newbie trader who tends to bet solely on opinion leaders’ recommendations and general trends. The distinctive feature of “hamsters” is making panicked, emotional decisions. Meanwhile, some beginner traders already consider Mr. Goxx’s activity as a forecast, an insight, and even a call to action. Of course, we always recommend being careful with you trades.
Update: Mr.Goxx Has Died
The crypto-trading hamster, whose real name was Max, passed away on November 22. His owner announced it on Twitter. The Goxx Capital project has run into difficulties as the hamster is gone. The project’s creator decided to leave things as they were for now and said that “questions about a possible continuance of the project are not relevant at the moment.”
Mr.Goxx traded in the cryptocurrency market from June 12 to November 22, 2021. He had 11 cryptocurrencies in his portfolio, with an initial capital of €390. By the time of his death, Goxx had increased his capital by €98,2, or 25,1%. During this time, Goxx Capital’s stock index exceeded those of the S&P 500 index, the NASDAQ exchange and Bitcoin.