That’s a shame for sure, but I hope you’re able to convince him to get off the sidelines moping and get back in. It was a lesson and he learned it, now he can get back in with those same funds or other funds and get to buying some assets to have something. Even .01 bitcoin is better than not having any!
I’ve actually got to talk to my work friend to see what his thoughts are - he’s one that I know is on the train but I haven’t had a chance to formally talk to him about it yet.
The upward action is nice - where it leads though we can only guess!