Goes to tell you how much many of us value the general fundamentals and tech behind crypto currency. Many could have been millionaires, yet they held on. They know where the future is. Patience, strong mentals, little sacrifices and some luck is needed in this space.
I wish I agreed with your assessment. I think many people did not sell because of greed, not belief in the tech. I know that some of my bags were not sold because of it. I hope I get the chance to rectify my mistake.
Also, can no one in this group share any good resource on Nem?
I think it was a mixture of greed and belief in the tech and future long term outlook of NEM. There was a lot of shilling/pumping in the forums, social media, telegram etc, some people thought it would go to $5, $10 etc and some people got caught in the hype (while the shillers probably quietly sold). Some people may not have had an exit position (or did, but decided to not stick to it (which is gambling)). Either way, it's a lesson learned, and was the right decision at the time based on the knowledge at the time, so there shouldn't be regret as no one can easily predict the top or bottom. In the next bull run they won't make the same decisions again hopefully.
In the meantime for anyone who regrets not selling, this is a good read:
https://www.reddit.com/r/CryptoCurrency/comments/7rvkua/how_i_handle_crypto_regret/ Particularly this part:
"2. I can only compare myself to the other me who didn't get into cryptos at all. That's your baseline to compare to. There really is no other baseline. It's damaging and outright delusional to compare yourself to the "perfect you" that always bought at the exact bottom and sold at the exact top. That you does not exist. It's a damaging fantasy that always leads to you beating yourself up about not making the most optimal decision at each and every turn. Cryptos can quickly lose its fun if you think along those lines".