I stupidly had my life's savings in bitcoin, and when the
  price started to fall, I converted to dollars and watched
  the price plummet. I lost $357,000.

As I said, this is a sad moment for him. My point still stands: it was a very naïve and borderline criminally stupid thing to do. I feel bad for the guy because he didn't make Mt. Gox crash, but then he could win the equivalent of a Darwin Award in finance.

Harsh words, but you can't reason yourself out of such a bad decision as that he made. He should have used cold storage, period.