Basically crypto is very risky and not a place to try out so I think beginners need to be aware they need to learn to have knowledge before investing or trading,
losing money is very easy in crypto so it is important to be careful and consider many things before making a decision
That's correct one of my family members lost $5000 in crypto. For some people it might not be a big money for for them it was a huge huge loose. The whole family was upset many days. The hacking snatch a big amount from the owner in a jiffy. So many people might not be able to advice on this.
Play safe and be ready for the adverse effect.