There are many reasons to take a break or not play the game, losing your ship isn't one of them.
Without any data to back this up besides a general bias of my own, ED players fall generally in one of these two categories:
- The Grinders : Mostly play in solo or group. Tend to gravitate towards big ships with max cargo-hold and min defenses. Don't like actual opposition, as that may set back their preplanned progress towards the next big ship.
- The Players : Mostly play in open and is fully aware that disaster may strike at any moment. And plan ahead for it. More concerned about having fun than having the cash-stash grow at a steady and fast pace.
Personally, been playing in open since I started and lost 8-10 million due to going boom so far (roughly 20% of my total earnings). Always had enough for the insurance and then some. Besides having millions salted down in ships spread around the galaxy. I'll never see the inside of a Sidewinder again unless I actually want to.
Going fast and loose may have its merits, but so do slow and cautious.