💻 Crypto's Dirty Secrets From A Whistleblower

Author

Moe Hayek
June 15, 2022

What up, family, 👨‍👩‍👧‍👦

Seedphrase Daily here 👋. We tell the truth about Web3 and NFTs so you can start making better financial decisions. 

Today’s estimated research time is 5 hours and 23 minutes condensed into a read time of  3 minutes and 50 seconds. Stay tuned to where we talk about: 

  • 🧐 Are you still invested in the markets? 

  • 💻 137.12 GB worth of telegram chats will be exposed 

  • 🐻 The 3 Stages of a Bear Market in correlation to a breakup 

🧐 Are you still invested in the markets? 

If you’ve been keeping up with us, we established that we are in the bear market in the last email. And today, the U.S. Federal Reserve is meeting to discuss a new inflation report that shocked investors last week. A 75 basis point hike is suddenly seen by 94% of traders compared to just 35% one day ago. 

The U.S. central bank has been raising its benchmark interest rate to tamp down fast-rising inflation and consumer prices. Inflation came in at a new high of 8.6% last Friday, which led the FED to accelerate interest hikes.

How does increasing interest rates affect inflation? 

The United States is very dependent on imports. Many foreign investors buy U.S. treasury bonds, so when the Federal Reserve increases interest rates, it becomes an attractive investment for foreign investors who have to exchange their national currencies. By doing so, the U.S. dollar becomes stronger in terms of exchange rates, thus making imports cheaper for American consumers, which helps curb inflation.

As we can see here, the DXY (Dollar Index) is currently sitting at an all-time high we haven’t seen since 2003! We can expect the dollar to increase if they announce a 75-point increase in rates, but doing so will take a toll on cryptocurrencies and the stock market. Raising interest rates is taking money away from people and putting more money in the pockets of the banks. In times like these, regardless of how well the DXY performs, the panic and fear are still here.

To put it simply.

Investors fear an upcoming recession, and the FED struggling to control inflation is another red flag. This is making people hold their money and not invest in such assets. And investors also don’t have the liquidity to invest their money as inflation (cost of goods) is tremendously high. 

What do we do now? 

Given all the information on what’s happening and what we told you. You must ask yourself, should I still be holding x? Is it time to change my strategy? Should I tighten my stop losses? What projects are going to make it? Asking yourself the right questions will help you make better decisions when trading and understanding your mistakes so you can move forward. This is the best time to learn because everyone is making mistakes. Come to your OWN conclusions.

💻 137.12 GB worth of telegram chats will be exposed

An exploit on Telegram allowed this person to spy and collect recent messages of any targeted crypto traders/influencers of Telegram’s group without even joining. With 137.12 GB of group chat messages, this user is prepared to expose the entire community and disappear. 

Artists are pretending to be developers, developers pretending to be artists. Those pretending to be rich, those pretending to be poor, pretending to be someone they’re not. All of that will be exposed. "According to this whistleblower"

On June 15th (Today), it will begin.

The documents will include (from the source):

Stay tuned for tomorrow, where we will review what has been leaked. Will there be any surprises? 

🐻 The 3 Stages of a Bear Market 

If you're in Web3 for the tech, ambition, and potential, market movements are just details. In these moments, you should remember that Web3 is bigger than crypto and all of us. It's about the future of societies and work.

Read this interesting take:

Use this time to build while we wait for the chaos once again! At least ETH gas fees are cheap… But to ease your mind and soul, maybe you'd want to know the Stages Of a Bear Market, so here. We'll use an analogy of a typical 21st-century breakup so you can understand better. 

There are a total of 3 Stages, each with its intensity of fear and greed. We have only entered the Second one. 

Stage 1: The Unwind

The excitement and greed from the bull run are still here. Mini-narratives pop up for weeks, assets have floors, and valuations are cut, but companies don't make the tough decision. Prices seem to have pulled back to "realistic" valuations. 

You feel freedom; this was everything you wanted in general; life is good. You may feel like you've got a massive weight off your shoulders and are not thinking straight, but hey! You get to do whatever you want.🙏

Stage 2: Forced Capitulation

This is where it gets ugly. Narratives die, prices fall 90%, and layoffs across the board. Mainstream media and cynics rise in Stage 2, laughing and shouting, "I told you!". Luna recently sent us into Stage 2, and during this time, diamond hands become forced sellers because they need the money or go bankrupt; Celsius is an example of this. 

You come back to your senses, and you feel regret and realize what you lost. Her friends are telling you that she got with Drake. All those people you were messing with don't compare blah blah. In short: This part sucks. 😭

Stage 3: Bottomless Exhaustion 

After all the loss and pain comes exhaustion. No narratives are coming out. Prices are moving sideways. It's a little dull, and all the anger is replaced by silence. Stage 3 is the make or break point for people, so if you're a company, do whatever it takes to get through and keep building. If you're an investor, keep learning and getting yourself interested. See if there are any trading plans you can make and bet on people you believe in. 

This is a time of reflection and asking yourself what you can do better in the future. Learning from your mistakes and doing the things that will make you improve as a person. At this time, the things you do won't feel like they're adding up, but they are giving you invisible progress you won't be able to see until the time of the next opportunity. ❤️

NewSeeds:

Goblintown.wtf founders have finally doxxed themselves. Will pricego further from here? 📈

Binance CEO leveraging crypto winter. Great minds think alike 🧠

That’s a wrap! Do you think the Telegram leak will affect prices of the  current market? Make sure to follow us on Instagram and Twitter for more up to date content! Also check out our Youtube Chanel, where we discuss hot topics and some potential calls if you’re too lazy to read. Make sure you subscribe because at 1000 subscribers we are going to be giving away 1Ξ to a lucky person!  

See you tomorrow! ✌️ 💎

Meme of the Day 

#FreeYoungThug

Disclaimer

None of this is financial advice. This newsletter is strictly educational and is not investment advice or solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research! 

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