Who else FOMO-ed into small cap alt coins thinking that they’ll get rich, and got fooked?

Who else FOMO-ed into small cap alt coins thinking that they’ll get rich, and got fooked?

As many of you, probably, I started investing in crypto after I saw it just wouldn’t stop going up.I had the strategy to buy good fundamental coins, which were in top 10-20, and mostly buy BTC and ETH.

But, after a while, I saw that there were a lot of other small cap coins that were just doing 2x-10x in a short period of time.So I was like “Ok, let me just invest small amounts in some small cap gems, maybe they go parabolic and I would get lots of profits from them.”

So I started investing in one, then two, then five….and soon, I just had like 50-60% of my portofolio in 40-50 coins that I saw were doing good and going up strong.

Of course, this was not a problem in the bull run, when everything is going up.I had some coins (like HOT,MATIC,ONE,VET), which I had bought very early and I flipped for some decent profit, but I bought most of the others at almost the peak of the bull market, and now I’m stuck with them with 40-80% loss.

My current plan is to just wait for them to arise again (if they’ll ever do), sell most of them on break even, and keep the ones in which I truly believe and DCA whenever I can.

CONCLUSION: Don’t FOMO into stuff, and if you do, prepare for the worse!