Risk Warning

The trading of commodities and currencies involves a significant amount of risk. Prices can fluctuate on any given day. Because of such price fluctuations, you may gain or lose the value of your assets at any given moment. Any currency may be subject to large swings in value and may even become absolutely worthless. There is always an inherent risk that losses will occur as a result of buying, selling, or trading anything on the market.

Unlike most currencies, which are supported by government reserves or other legal entities, as well as commodities such as silver and gold, cryptocurrency is a currency, which is only backed by mathematics, technology, and trust. The currency is absolutely decentralized, which means there is no authority that can take corrective measures to protect the cryptocurrency value in a crisis or issue more currency.

Cryptocurrency trading is susceptible to irrational or rational bubbles or absolute loss of confidence, which could collapse demand/supply. Any actions, even remotely connected to the cryptocurrency can crash confidence in this currency, such as unexpected changes imposed by the currency developers, a government crackdown, the creation of a superior competing cryptocurrency alternative, or even a deflation or inflation spiral. Confidence might also collapse because of various technical problems: if the anonymity of the system can be compromised, funds lost or stolen, or in the event that hackers or governments become able to prevent cryptocurrency transactions from settling.

There may be additional risks, which have not been foreseen or identified in the current Risk Warning.

Every user has to carefully assess whether their financial situation and tolerance for risk are suitable for buying/selling/trading cryptocurrency.