Above 2 quoted posts are SCARY!
Newbies will get scared and will try not to involve in crypto world.
The world is black & white, I mean good & bad involve in everything.. All we just have to do is keep ourselves from BAD and stay with GOOD.
edit:
mindrust, please point out some licensed exchanges for reference.
We are simply pointing out, if 7-8btc is all you have, it is dumb to keep all in one exchange.(or several, doesn't matter actually) How is this so unbelievable to you?
I don't know any licensed exchanges. Maybe coinbase because it is from USA? I play on btc-e myself either but definitely not with my full wealth. If I lose the amount in there, I probably won't even care

I have %10 of my wealth in bitcoin and only %1 of it is in exchanges.
