This is getting too much...

I know this will be downvoted but I still need to say it here.

Recently I have been seeing more and more posts of people that made very questionable decisions and dumped their entire savings into BTC or encourage family to speculate as well. They post it here and many applaude this financially irresponsible behavior by upvoting and commenting it. Srsly, dumping your entire retirement into something as volatile is simply not a financially wise decision.

This is a situation where an upvote actually has a real life impact. This subreddit used to be informative on catching up with the latest development on cryptocurrencies but it has changed over the years and it has become what is now and it is affirming what critics of this subreddit have been saying all along... That it's wild speculation.

Be careful folks.

edit 1: the comments here are just proving my point I made. Most comments are disagreeing with me and this is fine as long as it stays civil. Thanks to those who are making this post more visible and also bringing up good points on other strategies to invest your savings. Since this is gaining visibility, I say it again: ask yourself, do you understand what drives price and what drives value. And then don't speculate with money you can't afford to lose and be careful not to give in to FOMO when you read the success stories here. Real or not, somebody paid for their gains.