The last year and a half have been a fine trial by fire for people who've sat through it all. I'm sure they've felt the full spectrum of emotions. If you've lived through this then I think you're probably pretty hardened to future swings. If you're still around now you're likely to be in it for the long haul.
This exactly. The weak hands have been shaken, which is why the price is finally creeping back up.
Someone with a double digit cost basis may have a higher tolerance of panic than most, but they do have a number. "Weak hands have been shaken" is a relative measure, and not absolute at all. Thankfully, it seems there is a well capitalized bull whale helping the bids tread water at a higher level lately.