They say never trust a rodent, but this human has put the fate of his crypto portfolio in the tiny hands of his hamster, Mr Goxx.
For many of us, understanding cryptocurrency is like running around on a hamster wheel.
Sophisticated terms, fluctuating values and virtual wallets – there’s so much that you need to know about the virtual currency before you even start thinking about trading.
But for German hamster Mr Goxx, running on wheels and sliding through tunnels is exactly what the four-legged mastermind does to be in on the crypto game.
Mr Goxx has been running an independent portfolio since June, trading cryptocurrencies from his state-of-the-art high-tech cage, the Goxx Box.
The crypto-crazed hamster is known for trading some of the big names, including Bitcoin, TRON and Ethereum.
Now for those who have to see it to believe it, Mr Goxx’s “office-hours” are livestreamed on Twitch, along with updates on his Twitch and Reddit pages.
But, how can a hamster master the ropes of such a difficult trade, you ask? It’s all in the wheel.
Doing crypto, hamster style
Mr Goxx runs rampant on his “intention wheel”, stopping once he chooses his desired cryptocurrency.
He then has to make the difficult choice of picking one of two tunnels to scamper through; the “buy” tunnel or the “sell” tunnel.
It’s from here where he decides his fate, making purchases or sales of up to 20 euros worth of his chosen crypto.
And if he chooses wrong, well it could be a costly investment for his human business partner.
Slowly paying off
Mr Goxx’s human friend told crypto website Protos that the hamster’s crypto picks are still shy of paying off his high-tech quarters.
Despite this, fans on Saturday saw one of the hamster’s best performances – up 16 percent since his trading journey began back in June.
“Mr. Goxx is happy to see some of his investments finally pay off.”Mr. Goxx’s human partner told Protos.
Over the course of the weekend, Mr Goxx made more than $60 in profit, seeing his initial investment of 300 euros increase.
Note: NOT a recommended investment strategy
Despite his success, trusting a hamster to guide your investment strategy is risky business and one that financial advisors don’t recommend.
And while Mr Goxx’s human business partner continues to partake in his hamster ways, it’s clear that the investments made are for the sole purpose of entertaining Mr Goxx’s fans.
Written by Rebecca Borg
Why is the world’s largest crypto exchange battling U.S. regulators?
U.S. regulators have filed charges against Binance, the world’s largest crypt exchange
Is the idea of a financial world that operates outside of the global banking system and eludes the reach of regulations a possibility or a pipe dream?
The Securities and Exchange Commission has filed 13 charges against the Bianace, world’s largest crypt exchange and its billionaire founder, Changpeng Zhao.
The SEC alleges that the crypto exchange worked to attract U.S. customers to its unregulated international exchange, commingled investor funds with their own and violated securities laws.
In addition, the SEC is also alleging that Binance and Zhao used market-making companies—that they controlled—to inflate trading prices and profit from of their customers.
Zhao has publicly dismissed the allegations.
Stefan Rust, the former CEO of Bitcoin.com joins us to discuss. #crypto #cryptocurrency #StefanRust #veronicadudo #Binance #ChangpengZhao
Is the metaverse the future of social network?
U.S. firms like Meta, the parent company of Facebook and Microsoft are going all in on the metaverse. Meanwhile, Chinese companies appear to be taking a more cautious approach amid tighter regulation.
#metaverse #china #unitedstates #tech #veronicadudo #ozsultan #crypto
Who will win the global metaverse race?
China is looking to invest in the metaverse market as numerous cities rollout policy proposals.
Technology continues to change our lives forever.
As new advancements are released to the public—safety continues to be a major concern.
People are interacting with computers in a different way, with the word Metaverse becoming a buzzword in both the tech and business industries.
While the term, “metaverse” is broad, it refers to a set of digital spaces online—including 3D—that allows people to do many things from socializing and learning to interacting and collaborating.
Analysts say it’s the next evolution in social connection and the successor to the mobile internet.
According to Morgan Stanley, the metaverse market could be worth $8 trillion in the future.
China’s technology giants are investing in the metavese and recently, numerous Chinese cities have announced policy proposals to attract and support metaverse companies.
This comes after tense year of regulatory scrutiny on the countries tech sector.
The Chinese city of Zhengzhou recently announced a series of policy proposals to support metaverse companies operating in the region.
The initiative involves the municipal government establishing a nearly $1.5 billion dedicated fund in an effort to foster growth and development in the industry.
So, is the metaverse taking the world by storm?
Oz Sultan from the Sultan Interactive Group joins us to discuss. #china #metaverse #veronicadudo #ozsultan #regulation #crypto #tech
Andrew Tate granted partial travel freedom in Romania
Why the U.S. is back to panicking about the debt ceiling
Citigroup CEO on layoffs: No time for bystanders
Crypto.com accidentally transfers $10.5m to woman instead of $100
What is happening between SHIB and Vitalik? | TICKER VIEWS
Russia has cancelled itself. But the world should beware of poking the Russian bear￼
News5 days ago
OpenAI’s ChatGPT can now see, hear, and speak
News3 days ago
Elon Musk on Philadelphia looting: ‘America resembles the Joker’
Insight3 days ago
Revolutionising property ownership with property syndication
News5 days ago
Victorian Premier Daniel Andrews quits, leaving debt, lockdown legacy
Money6 days ago
What is the future of investing?
Money5 days ago
Chinese youth swap LinkedIn for Tinder to find a job
Money4 days ago
What does being “officially rich” look like?
News3 days ago
Cybersecurity experts on the best ways to protect your business