Those who were selling under emotions now what they have left to say or do except to buy less now with same amount of money. Monaco is still more advanced and advantageous than many projects running in the same field. In this market patience is the only key to get out with profit else you just loose.
Now Monaco tokens hold those who believe in the project and those who bought too expensive. They'll be lucky if in the near future will not appear a new competitor, otherwise they'll have to hold it a very long time.
There is almost a dozen of competitors around and the number will keep increasing. If they don't address the asset contract real soon they will lose a very significant amount of market share in the long run.
But there are not many long term players within cryptocurrency market. I dont think we can consider this tiny piece as significant part of the market, isn it?
I can guarantee you that there are quite a few long term players in this market. There are more short term traders, but that's just because 99% of people on this planet live in the short term and don't think ahead. I'm just here to spread some awareness, you can do whatever you want.
But I don't need an oracle to tell you that most people will lose a lot or everything in this market because of their greedy "get rich now" mentality. What is happening in crypto is nothing new. The names and appearances have simply changed from real goods to stocks to cryptos.
What can we do against mentality. I mean behavior of the market, if we substruct all the nonsens staff, is very easy - demand creating supply. Where is high demand are presented we have high speculations and speculations basically lead to growth in most of the cases. Till this concept will be followed, nothing won't change.
However i absolutly agree with your postion, when market and people who is involved will see situation more deeply, the consequences of huge loses will happening.