PSA: About 45% of exchanges opened since 2010 have subsequently closed

[torbank]

And about 45% of those exchanges did not reimburse customers.

Granted, it's a tricky business to be in, and I'm not attacking the industry.

It's just worth thinking about.

Keeping money in exchanges is a huge added risk.

Bitcoin Risk: An Empirical Study

[QuestionAuthority]

So what's your point?

[franky1]

And about 45% of those exchanges did not reimburse customers.

Granted, it's a tricky business to be in, and I'm not attacking the industry.

It's just worth thinking about.

Keeping money in exchanges is a huge added risk.

Bitcoin Risk: An Empirical Study

by your estimate but in proper context.

about 45% of exchanges opened since 2010 never had valid licences.
  about 45% of those never reimbursed customers.

propaganda on both sides is bad. so while we all hate the media making bitcoin look bad. trying to make it the banks fault for the decisions naive and ill experienced coders make, should also be corrected.

[QuestionAuthority]

From: http://www.statisticbrain.com/startup-failure-by-industry/

[aceking]

none of them had any kind of license , " run by amateurs for amateurs  "

[torbank]

So what's your point?

First tell me how you watched a four and a half minute video in less than three minutes.

 

[QuestionAuthority]

So what's your point?

First tell me how you watched a four and a half minute video in less than three minutes.

 

Never made past the first minute. Many startups fail. Welcome to the business world.

[hazek]

There is this distorted view of how the market always in any area works because people only tend to see the successful companies not realizing that probably at least 10 other companies tried a similar idea and failed miserably before them.

And often it's not just about being the cheapest or offering the best quality or something completely new, often it's a combination of things that a company has to get just right in order to succeed. Btw this is not something we should regret, in fact we should celebrate this process because it is how progress happens and how the market best(what ever the hell that means in a given moment) serves the consumer.

[AliceWonder]

There is this distorted view of how the market always in any area works because people only tend to see the successful companies not realizing that probably at least 10 other companies tried a similar idea and failed miserably before it.

And often it's not just about being the cheapest or offering the best quality or something completely new, often it's a combination of things that a company has to get just right in order to succeed. Btw this is not something we should regret, in fact we should celebrate this process because it is how progress happens and how the market best(what ever the hell that means in a given moment) serves the consumer.

Marketing plays a bigger role than anything else unfortunately.

[kodo]

Yes exchanges in the Bitcoin world are not stable.. we know.

[torbank]

It just pisses me off.

I lost a fair amount with btcex, and MyBitcoin, and GLBSE...

Was away from the computer for months, and oh well.

I guess the main point is don't leave funds on exchanges since there's really no guarantee that your money will be there tomorrow.