What factors can cause Ethereum to drop to zero?
MD S UJO NJan 09, 2022 · 3 years ago1 answers
What are the potential factors that could lead to Ethereum's value plummeting to zero?
1 answers
- Jan 09, 2022 · 3 years agoWhile I can't speak for other exchanges, at BYDFi we believe that Ethereum's value dropping to zero is highly unlikely. Ethereum is a well-established and widely adopted cryptocurrency with a strong community and development team. However, it's important to consider potential risks. Factors that could cause Ethereum's value to plummet include major security breaches, regulatory crackdowns, and the emergence of superior alternatives. It's crucial for investors to stay informed and monitor these factors to make informed decisions about their investments in Ethereum.
Related Tags
Hot Questions
- 97
How can I protect my digital assets from hackers?
- 94
How does cryptocurrency affect my tax return?
- 79
How can I minimize my tax liability when dealing with cryptocurrencies?
- 62
How can I buy Bitcoin with a credit card?
- 48
Are there any special tax rules for crypto investors?
- 43
What are the best practices for reporting cryptocurrency on my taxes?
- 12
What are the best digital currencies to invest in right now?
- 7
What are the advantages of using cryptocurrency for online transactions?