Hackers stole 32 million in Ethereum, other people have hacked it and now things are getting worse. Right now there are some vulnerabilities with Ethereum and with Bitcoin making a change soon, there is a lot of turmoil. To me, I'm losing confidence in Ethereum and I hate to say it, but is the beginning of a huge Ethereum Sell-Off?
I watched a really great video about the $32 million hack and the other hacks that is starting to put Ethereum into the doubt category for me.
Look, I'm not financial planner so make your own decisions, but when the creator of LightCoin sends out a tweet like this...
To be honest, I am losing some confidence in Ethereum and gaining confidence in LightCoin. It isn't the fact that we just lost over 50% of Ethereum's value from a month ago. I think Ethereum found some of its footing above the $200 mark. The thing that really bothers me, I feel some of the people that hold a lot of money in Ethereum are going to get spooked and jump to something else during this time. After all, who wants to lose millions to a hack? With no way to get it back?
This puts the trust factor into question with crypto right now and it isn't a good time with Bitcoin deciding what to do. It could cause more havoc in the marketplace and we could see Ethereum drop significantly over a short amount of time if some whales pull out over security concerns. That bothers me. Should I be worried or forget about it?
Is it just me you are you starting to get nervous holding Ethereum in your portfolio? Let me know in the comments below. (Price of Ethereum when I posted: $212)
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