Risks of holding ethereum for a long time - I became rich using this method and now I make over $10,000 monthly.
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Scott Evans
08.02. 2018 14:15  | 

Ethereum is the second most popular cryptocurrency beside Bitcoin. Cryptocurrency is arguably a long time investment, but should you hold the coin for a long time? Just like every investment have own risks, same with this kind of business. In the next text you will see the real potential risks of this cryptocurrency that will help you to make a real decision. Here are some of the risks of holding Ethereum:

Accidental bug

This is probably the worst security issues to hit Ethereum, it was discovered on Parity. SSo called \"vulnerability\" enabling the users to change code and take ownership of someone\'s wallet. One person did this just with wiping the code and ethers valued at over $280 million were locked. Many people after this attack moves their digital coins out of the wallet.

Price volatility

It is not only with Ethereum. Cryptocurrencies market is very volatile and I\'m pretty sure that nobody can predict the future of any cryptocurrency, especially because the price of some cryptocurrency is changing from minute to minute.

Cyber attack

We all know how cryptocurrencies are popular these days mainly due to its high prices, so it is logical that cyber hackers are doing everything to get into someone wallet and stole his asset. Even almost all wallet services claim to be safe, you must be aware that no wallet is giving you 100% security. Answer to this problem is offline hardware wallet. There were situation where hacker steal over $31 million worth Ether from three wallets within some minutes. The white-hat hackers from the Ethereum community immediately hacked remaining accounts and prevent the hacker from stealing more money.

Quantum Computer Attack

Quantum computers are the fastest supercomputers in the word. Not only Ethereum, other cryptocurrencies should be aware of this kind of attack, even quantum computers are just in developing mode.

The DAO attack

Everyone probably know what DAO attack is. Unknown attacker exploited a vulnerability in the system and drain more than 3.6 million Ether into a Child DAO, and this lead to failing in Ether price.

Just to make a resume, Ethereum is great investment, but you need to be aware of this above mentioned risks.

Get started now - Life is too short to be poor. Ethereum, Ether, risks, investment, wallets
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