I know a crypto trader who lost $95k during that GDAX fiasco and I was in a group chat with him while it happened. It WAS his life savings in that he was going to buy a house with it. Started talking about having to find a job.

I've been in crypto for 18 months and at the start put a sizable piece of my networth in WAVES ICO. I missed the ETH ICO even after CTO friend said to get in that ICO but WAVES is up like 2500%+

Now cryptocurrency overall is less than 10% of my networth and I've avoided most ICOs since.