Cryptocurrency-Trading Hamster Outperforms Bitcoin, S&P 500 Since June

https://motleybloggers.com/wp-content/uploads/2021/09/cryptocurrency-trading-hamster-outperforms-bitcoin-sp-500-since-june.jpg

hamster

A hamster that trades cryptocurrencies has been outperforming Bitcoin and the S&P 500 since June. The rodent, called Mr. Goxx, uses a device called the “goxx box,” to give signals and make purchases in front of the live streaming audience that follows him. Mr. Goxx has achieved an impressive current score of +24% and even got to +50% before the latest crypto selloff.

Crypto-Trading Hamster Performs Better Than S&P 500, Bitcoin

A cryptocurrency-trading hamster that streams trading signals through Twitch has been on a roll since June, outperforming fellow human traders and Bitcoin, with impressive gains of 24% over its starting portfolio. The rodent, called Mr. Goxx, uses a simple system built on top of an infrastructure called the goxx box, that allows him to pick a cryptocurrency and send a signal to the traders.

The system (devised by Mr. Goxx’s human caretaker) uses a hamster wheel to pick a cryptocurrency, and two tubes which the cute trader crawls through then indicate if the selected cryptocurrency must then be bought or sold. The cryptocurrency portfolio of Mr. Goxx includes tron, xrp, cardano, and ether, among 30 other cryptocurrencies. Its portfolio started with $390 back in June and has increased to $498. Also, Mr. Goxx uses Twitter to report his portfolio movements, informing fans about the sales and performance of every trading session that Mr. Goxx engages in via his “office.”

Impressive Following & Holding Tron

The trading hamster has an audience of more than 3K followers on Twitch, being one of the cryptocurrency-related channels that stands out in a gaming-dominated platform. Mr. Goxx reached peak earnings before the recent cryptocurrency selloff when he attained more than 50% of his initial portfolio.

However, even with all its positive returns, Mr. Goxx’s anonymous caretaker has still not gained the funds to pay for the initial investment that built the goxx box. The caretaker told Protos in an interview that:

Mr. Goxx is happy to see that some of his investments finally pay off.

Mr. Goxx has also shown an interesting preference for Justin Sun’s tron. It is currently the biggest bag held in the hamster’s portfolio. Mr. Goxx has never sold tron. Mr. Goxx’s current portfolio also includes stellar, ether, bitcoin, and xrp.

What do you think about the impressive trading performance of Mr. Goxx compared to other popular financial indexes? Tell us in the comments section below.

Origina post from
https://motleybloggers.com/cryptocurrency-trading-hamster-outperforms-bitcoin-sp-500-since-june/

Comments

P2P Bitcoin Traders in Nigeria Think Outside the Box in the Wake of CBN Restrictions

After the Central Bank of Nigeria issued a directive targeting the country’s cryptocurrency industry, bitcoin and altcoin trade volumes on centralized exchanges immediately plunged. Nevertheless, the new regulations seem to have succeeded in boosting crypto trade volumes on informal markets or on peer-to-peer trading platforms. Nigerian Crypto Traders Get Creative Still, the increasing trades on informal platforms have also led to increased reports of users losing money to con artists. Moreover, with the CBN seemingly eager to see volumes of crypto trades plummet, Nigerian users had to find ingenious but legal ways of getting around the central bank’s imposed restrictions. As shown in one local report , one such legal way is through an app created by one local crypto start-up, Patricia. According to the report, this application is already enabling Nigerian users to buy or sell their crypto assets securely and without running afoul of CBN regulations. Therefore, in this repor...

A Jacobin Podcast Review: Critiques on Crypto and Sterlin’s Response

https://motleybloggers.com/wp-content/uploads/2022/01/a-jacobin-podcast-review-critiques-on-crypto-and-sterlins-response.jpg The following opinion editorial is a Jacobin Podcast review written by the author Sterlin Lujan , the chief risk officer with Cryptospace. The Jacobin Podcast episode called: “ Dig: Cryptocurrency w/ Edward Ongweso Jr & Jacob Silverman, ” touches upon “cryptocurrency, NFTs, Elon Musk, the metaverse, meme stocks, and techno-utopianism amid the crushing reality of our neoliberal hellscape.” Cryptocurrency isn’t fringe technology anymore. Over the last decade, it has become embedded into finance, culture, and even our social life. It’s drastically changing the way we think about money, economics, and human action. However, some people, primarily on the left, are skeptical of cryptocurrency. Many of them hate it, regardless of how much of a godsend it has been for many. My friend, thought leader, author, and psychedelic visionar...

Bitcoin, Ethereum Technical Analysis: ETH Back Under $2,000 as Balenciaga Gains Lose Steam

https://motleybloggers.com/wp-content/uploads/2022/05/bitcoin-ethereum-technical-analysis-eth-back-under-2000-as-balenciaga-gains-lose-steam.jpg Following strong gains to start the week, BTC once again fell under $30,000, as crypto prices moved lower on Tuesday. The downturn follows up from yesterday’s rally, which came as Balenciaga announced it would be accepting crypto payments. ETH also dropped, falling under $2,000 today. Bitcoin Bitcoin fell under $30,000 on Tuesday, as bears returned to action following a green start to the week. Following a high of $30,547.50 during Monday’s session, BTC /USD fell to an intraday low of $28,975.56 earlier today. Today’s drop saw BTC fall by over 5% in the day, as bullish sentiment following the Balenciaga crypto announcement faded. BTC /USD – Daily Chart Since then, bears have now pushed prices closer to support at $28,800, which is an area where BTC has resided over the past few weeks. Looking at the chart, the 14-da...

motleybloggers

Search This Blog