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Mr Goxx, the crypto-trading hamster beating FTSE 100

BBC | David Molloy | Sep 27, 2021

Goxx capital - Mr Goxx, the crypto-trading hamster beating FTSE 100Like many people, Mr Goxx is dabbling in cryptocurrency, hoping to strike it rich.

He's notable for two reasons: first, he is making money, with his lifetime career performance up about 20% - beating many professional traders and funds.

Second, Mr Goxx is a hamster.

The business-minded rodent has a trading office attached to his regular cage. Every day, when he enters the office, a livestream starts on Twitch, and his Twitter account lets followers know: Mr Goxx has started a trading session.

By running in his "intention wheel", he selects which cryptocurrency he'd like to trade, as the wheel spins through the different options. His office floor has two tunnels nearby: one for buy, one for sell.

Every time he runs through a tunnel, the electronics wired to his office complete a trade according to Mr Goxx's desires.

See:  Expert Tips and Strategies for Crypto Trading

The minds behind the furry financier are two men in their 30s, from Germany.

"It seems like most people from our generation see no other chance than throwing a lot of their savings on the crypto market, without having a clue what's going on there.  We were joking about whether my hamster would be able to make smarter investment decisions than we humans do."

Mr Goxx's name is itself a nod to the potential disasters of the crypto market. A company called Mt Gox was once the biggest crypto exchange on the planet - until it was compromised and hundreds of thousands of bitcoin stolen, making the company file for bankruptcy.

Goxx Capital

The first month was rough. Mr Goxx started on 12 June with €326 (£278), placing an order for Stellar (XLM). One month and 95 orders later, Goxx Capital was down 7.3%. But as of 27 September, the intrepid trader's career performance is up 19.41%.  That beats not only the return on major stock markets such as the FTSE 100 or the Dow Jones but also the performance of investing supremo Warren Buffet's company, Berkshire Hathaway, according to calculations by crypto news site Protos.

Almost everything on Mr Goxx's trading floor is homemade, except for a few code snippets (libraries) the friends have made use of.

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The office is fully automated, using a wide range of technology including software scripting, microcontrollers, single-board computers, computer-aided design, 3D printing, laser-cutting, and more.

"We have many features in mind that would make the whole thing much more fun to watch and would mean even more space for Mr Goxx to play around in," they said.

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