Is there anyway for me to jailbreak my iPhone 5?

It's currently operating on iOS 6.1.4

I wouldn't do it, if it breaks there's no way you can get a new one.

No

No one is releasing a Jailbreak until ios 7 comes out, so you have just go to be patient

I'm in the same boat. There's no point of them releasing a jailbreak now as apple will patch them all up in the next release thats why the developers are just waiting for apple to make a major release

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