🐳 Free Trading Tips from Whales

August 24, 2022

Seedphrase Daily 👋 Here to give you the tools and confidence to navigate the future.

Today's Agenda 📓:

  • 👨‍💻 A Crypto Expert's 3 Part Guide to Wallet Security

  • 🐳 Free Trading Tips from Whales

  • 🎤 Capitol Records Drops AI Rapper After Backlash

Crypto hacks happen as often as car accidents.

Cars have seatbelts, but what does crypto have? We asked a crypto expert about the best products to for wallet security and cold storage. He's a genius computer programmer thats been in crypto since 2012. We'll call him Rob.

Question #1: Best and Safest Hot Wallet for day-to-day use?

Hot wallets are always connected to the internet, that's why they're hot. They make using stored crypto easy.

Rob recommends Exodus - A downloadable desktop wallet that uses secure encryption, making it safer than Phantom or Metamask.

Phantom just had a huge Solana hack. Metamask is vulnerable too. But Exodus was built different- literally.

Question #2: The Best Cold Storage?

Cold storage is completely off the grid. Like your grandma that puts the phone to her ear on a Facetime.

Rob recommends Trezor. Compared to other options, like Ledger, Trezor has maintained superior security and is user friendly.

I put everything I'm HODLing on my Trezor. You should too.

Question #3: What Can I Do to Ensure My Money is Safe?

  1. Hold the most valuable and long-term assets in your Trezor wallet.

  2. Diversify. Don't put all your crypto and NFTs on one storage. This is in case you lose your cold wallet, or forget your hot wallet's seed phrase. Both of these things happen OFTEN, according to Rob. Put a lil here, a lil there.

  3. Write down your seed phrase and keep it safe: No. Dont write it on a scrap piece of paper and shove it in your drawer. If you lose your seed phrase, there is no way to recover it. It's Obi-Wan, your last hope. This might sound hardcore, but Rob says to engrave it on a sheet of steel. Steel is indestructible, and harder to lose.

Do all these steps and not even the pentagon can steal your digital assets. 🔐

🐳 Free Trading Tips from Whales

Did you know: The top one thousand ETH wallets control 51% of the ETH market supply.

This isn't just a fun fact, it's vital information. I need you to use it.

What You Need to Watch. 👀

Follow the money. I'm not saying copy them. But take their movements into account.

Because they control HALF the market, any high volume moves they make will have a domino effect. If you see whale wallets suddenly dumping their ETH, or buying a lot, take note of it.

 It could be a good indicator to mimic their movements.

⚜️ Golden Nugget: If we see all the whales selling ETH, the rest of the markets will see a sell-off, and it could be a good time to sell. Vice Versa for when they buy.

Here's How:

We used Dune Analytics, a website that provides critical data on the flow of money in crypto.

They use real time data from the blockchain and make cool graphics.

Capitol Records just signed a virtual rapper, FN Meka.

With 10M followers on TikTok and 224k on Instagram, he seemed like a promising addition to the major label.

This is him:

Gunna even got on board, with a feature in FN Meka's song "Florida Water."

But the newfound fame could only last so long. ⏳

Turns out, people don't like a dorky white kid making a virtual rap character that uses "gross stereotypes."

Not only that, but some songs leaked of FN Meka using the N-word.

In response, Capitol Records immediately decided to drop FN.

Finding this out felt like buying an NFT project, getting a 10x but not cashing out, and seeing your money go to 0.

What looked like such a massive win for the community ended in a blink of an eye.

On the bright side? ☀️

Record Labels are LOOKING, which could be the music industry's next evolution.

What would happen if companies could control every aspect of an artist and have people follow them?

It just so happened the first robot was controversial. 😂

🌱 NewSeeds

Citi head of Forex to Leave Bank for Digital Assets role. More people are coming to Web3. 👀

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a 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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