Yup, that's what happened to a former friend of mine. 2020 Rolls around, stock market goes crazy, everyone starts talking about something called "options". Few weeks later everyone lost a little bit of money and tapped out, not much, just a few hundred here and there. Except one friend, who blew all their savings for a high they never got again. Went hook line and sinker for GME, shitty IPO scams, NFTs, you name it. They got burned over and over. Eventually broke off contact with the friend group because of money.