But on a positive side, I usually have a feeling that when everyone is buying something that their is some solid reason and it is not the worst idea to go with the public with investment and trading actually.

I liked your points overall but actually FOMO can be good in certain cases, I still remember when ethereum came into existence a lot of guys suggested that ETH would be the next big thing and I was one of the guys who actually used to invest money in various projects and I actually thought ETH is a bubble and fake marketing is being done to create FOMO .. now I regret if only I trusted the FOMO.