There is a popular saying that invest only what you can afford to loose. Some people are making the mistake of investing all their life savings into crypto and other ventures. Some people even went as far as borrowing money or even using their properties as collaterals to borrow money so as to invest into crypto. This is a wrong idea and it might cost you a lot.
Every investment has its risks. So consider the the risk involved by taking each step at a time and do not jump in once.
Although we may all condemn the habit of investing everything one has on cryptocurrencies due to the high risk involved, we should also know that the higher the risk, the more profit the person may get if everything turns out successful. Such might even change the person's life forever.