Well ... a pretty typical story in a way. Yes, if the probability is that the money will be lost. However, this is far from a fact. After all, there is a really big (as I personally think) the fact that bitcoin will grow in value, and therefore all other crypto-currencies will catch up with it. So in my opinion early to be sad ... everything can change.
For me it will only be dangerous if the investments will not be use in a proper way, but I do agree that crypto investments is really dangerous and needs more studies.