The question is based on curiosity more than anything else. I’m not being flippant, but seriously, what if all exchanges simply shut down? What’s your plan?
What would you do? What would be your recourse? Even those that say “not your keys, …blah, blah, blah” what would be your plan to attempt to recover or exchange your coin without an exchange?
Is this situation even plausible? Could it happen? It would seem as of late that almost all exchanges are under some sort of scrutiny or investigation by the SEC or other regulatory entity. Without real regulations in place (other than the IRS) cryptocurrency is really in a weird Wild West predicament with so much uncertainty and FUD to go around. Twice.
I would love to hear some wild scenarios that you guys have thought through. Not only that, but if you are a major bag holder or a dedicated HODL’r, what would be your coarse of action?
Do you have a plan or an exit strategy should things go south?