Yes. That is why i really not recommend to the people around me, especially to the newbies -- DO NOT go into crypto JUST for financial gain (specially this time) unless you understood the risks.

I pass through sleepless nights, I pass through months of worrying, I pass through even the curse of my wife because of it.
Till then i realized that crypto is not just ONLY financial gain BUT THE BELIEF on the technology that would help us live better lives in the future.

What do i say to them? Invest on their self first - study and do their personal research.