Correctly said! FOMO has made a lot of people bankrupt in 2018 who had bought at the peak of the price! A few of my ex-colleagues bought bitcoin in late 2017s using their credit card because some self-proclaimed investment guru has told them to do so! Now they are all neck-deep in huge debt. Credit cards in my country charges 48% annual interest in most cases so you will understand how much extra they are shelling out of their own pocket.
That's pretty irresponsible if you ask me!
Anyone, and I warn you all, everyone of you should tie a knot that you should never, ever take credits (or debts) to invest in crypto or any other asset which takes investments because things are uncertain and once it goes against you, you may lose other's money and managing it back may cost you a lifetime which none of you would want, right? So invest your money only that you own yourself, that you can call to be yourself and that you can afford to lose.
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Some have even took personal loan at lesser rate of interest to pay the credit card debt.
This is even worst, because trying to repay a loan through an extra debt (we know as debt refinance) is like taking a dip in the swimming pool when you're counting on your last breathe and you don't even know swimming.
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And the saddest part is that, they have sold all their holding in mid 2018 when the price was at 3500 approx. All are pretty badly fucked up due to lack of their patience while patience and persistence is the key in crypto market when you are HODLing.
They probably had the worst luck then.
