risk disclosure 1 prices can fall fast and far

The passages say that prices can fall fast and far: the value of Bitcoin, Ether, Solana, Polygon and Litecoin can move by more than 10% in a single day and has, in the past, fallen by more than 70% in a year [1]. The amount of a coin needed to pay for something also changes every second, so a purchase can cost more coins tomorrow than today [1]. Crypto assets are described as high-risk, and you could lose all of the money you put in [2].

Sources

• [1][2] Risk disclosure

Answered from the Velorin Pay knowledge base.

Follow-up questions

• Risk disclosure — 2. This is not a bank deposit
• Risk disclosure — 3. Stablecoins can lose their peg
• Risk disclosure — 4. Transfers cannot be reversed

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