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User Loses $25M Due to Wrong Address! 🙀 A crypto user mistakenly sent $25 million worth of Renzo restaked ether to the wrong address, locking the funds potentially forever. Instead of sending to their safe wallet, they accidentally transferred the funds to a safe module address, which they can't withdraw from without Renzo’s intervention. 🤷 👒 Desperate to recover the funds, the user appealed to hackers and white hats on social media, offering a $2.5 million reward for assistance. However, experts suggest that the only solution may be if Renzo upgrades its contract with a rescue feature—a step they have yet to respond to. 🧐 This incident is a stark reminder of the risks in crypto transactions, where even a small copy-paste error can lead to massive losses.
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BullRun, we are ready please. . .
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Who is a bagholder? A bagholder is a person who holds onto cryptocurrency despite a significant drop in its value. Bagholders often continue to hold their coins, hoping for a price recovery, even when other investors have already sold and realized their losses. Reasons why people become bagholders: 🔵 Some bagholders believe in the long-term success of the project and its fundamental value. 🔵 After holding onto cryptocurrency for a long time, people may develop an emotional attachment to their investments. 🔵 Admitting losses can be psychologically difficult, and bagholders may prefer to hold onto their coins in the hope of growth. 🔵 Some bagholders may not have the time or desire to actively manage their investments. Risks for bagholders: 🔵 Holding onto cryptocurrency whose price continues to fall can lead to significant financial losses. 🔵 While bagholders keep their coins, they might miss out on other investment opportunities. 🔵 Watching the constant decline in the value of their assets can cause stress and anxiety.
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Who is a no-coiner? A no-coiner is a person who does not own any cryptocurrency. In the cryptocurrency community, this term is often used to refer to those who have not yet invested in cryptocurrencies or avoid them for various reasons, such as: 🔵 Lack of trust: Lack of faith in cryptocurrencies as a reliable store of value. 🔵 Lack of knowledge: Lack of understanding of the technologies and mechanisms behind cryptocurrencies. 🔵 Risk: Concerns about the high volatility and risks associated with investing in cryptocurrencies. 🔵 Interest: Lack of interest in digital currencies and investing in them. The term is sometimes used in a humorous or ironic context, especially among those who are actively involved in cryptocurrencies.
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What is Instamine? Instamine is the process where a significant amount of cryptocurrency is mined in the first days or even hours after the launch of a new cryptocurrency network. This term often has a negative connotation and is associated with the uneven distribution of coins among early participants, which can lead to market manipulation and reduced trust in the project. Key Characteristics: 🔵 A significant amount of cryptocurrency is mined in the first hours or days after the network launch, often before most users know about the launch. 🔵 A large portion of the coins ends up with a limited number of participants, which can lead to price manipulation and concentration of power. 🔵 The community may perceive instamine as a scam, leading to criticism and difficulties in project adoption. Prevention Methods: 🔵 Announce the exact launch time of the network and provide equal access for all participants. 🔵 Implement mechanisms that ensure an even distribution of coins among participants in the early stages. 🔵 Provide advance notice to the community about the planned network launch so that everyone can prepare.
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