Just as "all political careers end in failure", so all Bitcoin exchanges end in collapse.
You have all the problems of a normal bank run, and* the problems of being a regulatory gray area, and no political or regulatory bailout mechanism available. There is also the constant risk of technical failure or criminal activity losing all your assets beyond all possibility of recovery.
* Eventually. Not immediately, after a period of a few years.
You have all the problems of a normal bank run, and* the problems of being a regulatory gray area, and no political or regulatory bailout mechanism available. There is also the constant risk of technical failure or criminal activity losing all your assets beyond all possibility of recovery.
* Eventually. Not immediately, after a period of a few years.