RE: Was I a FOMO Buyer when I thought I was playing it smart?
Another thing with crypto is they tend to make people forget the basics of investment. And the most basic of all is diversification. To my mind, holding 30 different coins is not exactly diversifying because they are all in the same class of asset. Diversification would mean spreading your funds across different classes of assets to include stocks, properties, some bonds or variable unit link insurance to protect you from losing everything you invested. These investment classes do not move in the same direction as most coins tend to do.
A distinction should also be made between investment and trading. Investment is more long term in nature while trading is short term (in low/out high asap). If you're in for the long haul, meaning you're investing for your retirement, it doesn't really matter if the market is down or high. You just buy in and forget about it. Look at it after 3 to 5 years and see what happens. If you take this attitude, then FOMO and Dips are really of no concern to you.
Just expressing my 10 cents piece and I'm glad you took the time to read it till the end.
Great post and following you.