Don’t let greed and FOMO cloud your judgment

In the aftermath of the May crash I was left with around 40% profit overall. Not bad, I know. I had sold half of my portfolio near the peak, and used the money to buy bitcoin when it reached 45k. But as we all know it fell further. Didn't matter, I was holding(and staking what assets I could). One day I saw the news about El Salvador and it legislating BTC as a legal tender. I couldn't believe it. Finally crypto would be used as an actual currency on a national level. Just then the price went to 40k. Thinking that a jump back to 65k in light of national adoption is imminent, I didn't want to miss out. Sadly I had no money to put in to buy. So, thinking of the large potential profit I sold my BTC and opened a long position with 5x leverage with the money. And the price didn't go up. And when it fell below 30k, my position was closed due to insufficient funds. I lost all the remaining profits, as well as around a quarter of my initial investment.

I've learnt my lesson.I won't let short-term greed guide my decisions ever again. My focus has shifted long-term. I've divided my portfolio between several projects I really believe in, as well as 30 bucks in an assortment of shitcoins. I've taken the crypto off the exchange I use and plan to buy more whenever I have the money to spare. And I will wait. But if it's not obvious, don't make the mistake I did. Don’t be too greedy Think long term