[vertex-four]

I have never seen the Bitcoin reddit community advise or even imply that people should put more than they can afford to lose in Bitcoin, no matter how much they believe in it. Outside the BTC-e trollbox, I really doubt anywhere has. These people who bet their retirement on Bitcoin are probably just as likely to lose it on anything else they might get excited about.

Personally, I find the userbase intolerable because it's logically inconsistent. The entire point of the properties of the currency is to drive decentralisation and the end of our dependency on the financial industry and its monopolies... and yet the community cheers every time there's a new bank, or centralised exchange, or processing network, any time a major company starts accepting bitcoin so they don't have to deal with the little shops, or any other proprietary, monopoly-forming system built on top of Bitcoin.

[verroq]

>community cheers every time there's a new bank, or centralised exchange, or processing network, etc

More exposure = more publicity = more people buying in. If there is one thing about the community is consistent about, it's about getting rich off Bitcoin.

[clarkmoody]

> If there is one thing about the community is consistent about, it's about getting rich off Bitcoin.

Recently there have been plenty of "I'm out" threats on /r/Bitcoin from people who bought lots of coins at $1000 and they can't take it anymore.

I think there are plenty of people who consistently lose money when they try to time any market, let alone the Bitcoin market.

[verroq]

I meant the goal of getting rich, whether it happens or not.