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A hamster has been trading cryptocurrencies in a cage
- h2odragon 5y agoJust one? The illicit participation in markets by the entire rodent kingdom probably deserves closer scrutiny. Not necessarily to curtail their efforts; but to identify which ones belong to what faction.
- billconan 5y agoreminds me https://www.artmarcovici.com/rat-traders https://www.artmarcovici.com/rat-traders
- rastafang 5y agoReturns are pretty close to just holding Bitcoin...
- aaron-santos 5y agoMy gut says that random trades have the same expected value as the underlying asset, but increased variance. I'm not a finperson, so learning why this could be wrong would be a learning opportunity.
- mbesto 5y ago> and it's currently outperforming the S&P 500 And if the story was written in July last year the opposite would be true. This article is dumb and is no different than the "monkey throwing darts at stocks"
- mannykannot 5y agoI wonder if they will give the hamster an opportunity to diversify?
- MPSimmons 5y agoPretty sure that's the joke
- seoaeu 5y agoThe very first sentence says: > A hamster in Germany is redefining "A Random Walk Down Wall Street" author Burton Malkiel's belief that a blindfolded monkey throwing darts at a stock ticker list in the newspaper could do just as good as a human investment professional. I know it's against the rules to question whether you read the article, but...
- mbesto 5y agoThat's my point...
- bdcravens 5y agoIn other words, any crypto "investor" who thinks their success is a sign of insight and innovation is in reality no smarter than a random hamster.
- ausbah 5y agothat's the whole point! if randomness can give returns higher than most "financial gurus", what do they really know about the market?
- arcticbull 5y agoYes Mr. Goxx has been crushing it lol. Love the name.
- MPSimmons 5y agoDoes the hamster have a fund I could get into, by chance?
- em3rgent0rdr 5y agoI'd be curious in seeing like 30 hamsters doing this, and comparing the statistics on their portfolios, and comparing to a uniformly-weighted (according to same probabilities) fixed (not actively traded) portfolios of the coins. With just one hamster it can just be random fluke. And also pick a few different start and stop times (cause looking at the graph, sometimes bitcoin came out ahead).
- tomjuggler 5y agoAnd to go even further, breeding the best performing hamsters together and letting evolution take its course
- dqpb 5y agoIt would be interesting to give the hamster some level of observation of the market and reward based on performance.
- mbil 5y agoThat’s what I thought this might be before reading the article. Off the top of my head maybe you could signal market movement with a certain stimulus (e.g. a green or red light for up or down market, varying intensity). Of course it wouldn’t work, but if it did the results would be gruesome. Imagine a network of thousands of hamsters plugged into a trading interface to exploit their collective pattern-recognition: the strong traders allowed to feed and reproduce, the weak ones obviously culled. The price of hamster bedding increases 10,000%. Just awful.
- kfichter 5y agoTime to go invest in a few hamsters
- robbedpeter 5y agohttps://research.ufl.edu/publications/explore/v10n1/extract2.html https://research.ufl.edu/publications/explore/v10n1/extract2... Skip the hamsters, just grow a big brain.
- strange_things 5y ago3 words: risk adjusted returns. Crypto will outperform s&p 500 in any small period of time since the volatility is higher. still funny though
- a9h74j 5y ago"Intention Wheel" == proof of work Embellishment: Food withheld for poor performance == proof of stake
- StephenAmar 5y agoI'm not that confident I would be able to sell $1m worth of Bitcoin and use that money to buy hamster food.
- rkagerer 5y agoWill he file a tax return?
- bob229 5y agoCrypto is for idiots and rodents
- johnthescott 5y agomy kind of scum.