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RE: If you don't hold the private keys that give you access to your coins - the coins are not fully yours
We can never know when another exchange decides to Mt. Gox on us.
As much as many crypto fans loathe the thought of it, regulations being rolled out in always more and more countries will hopefully prevent such a train wreck from happening again.
That isn't to say that no exchange will ever go bankrupt but since crypto currencies are money, or at least consider as such by most, many regulations imposed on exchanges (and banks) come from the aspect of protecting the user/client. Obviously, this can only safeguard smaller amounts but at least there will be something for the bailiffs. Unlike with Mt. Gox where now it seems the biggest winner of the failure is... Mt. Gox.
Addendum: I thought you were going to fix your sleeping pattern?
I have to try stay up longer today to try and fix it. :P
Hahaha. That's my usual MO after an all-nighter. Stay up as long as possible in order not to lose a day and immediately be back in the normal rhythm rather than struggle with offsets due to being not tired.