Part of the problem is that people have no patience this days.
NEM is a perfect example of patience paying off. 4million NEM tokens per participant were shared to those who showed interest in January 2014 (airdrop). Now did they all hold their coins? Ofcourse not, but to the 1% that held on, 4 million coins is equivalent to 1.28million dollars as of today. That is a space of 3 years.
Some of you have been working your day jobs for 5 years, and you still haven't saved upto $100,000 cumulatively.
This is just an example where by a community stood its ground and saw a project succeed.
I read through the early thread of NEM and trust me, most of the things happening now have happened in the past. Its human nature.
Patience is truly a virtue as not everyone has it.
I just thought I should say this. Might give someone a better perspective.
My 2 cents.
Let me assume a role of advocatus diaboli here. The fact, that NEM price has risen to current level doesn’t mean that people who sell it early made a wrong decision. I’m not saying they did the right decision (I haven’t been around back then) but the price appreciation alone doesn’t automatically imply they did the wrong one.
If you have ever spent some time on the poker strategy forums, you would notice one interesting thing. If someone asks for a strategy advice, he always (and I mean always) omits the results of that particular hand. This omission is deliberate. Final results are irrelevant when assessing your decision making process as all of your decisions are made before final result is known. This is true for a poker, but it’s also true for investing.
In other words, when one is looking back and trying to review his past decisions he has to ask the following question: did I made a right decision based on all the information that was know to me when I was making that decision? You can’t look back at your decision and evaluate it based on some future information. I mean you can, but this is not a very constructive way to analyze things
I sold my Nems, it was dumb looking back at it. I spent so much time with that coin, then life took over.
Coin was released and I remember feeling that it was hurt by the delays. And then people were dumping, might as well get $300 for it. And even at the time it hurt selling it because of the time spent following it. Sold it and that big part of my life was over. Because I didn't want to feel that I missed out on $300 that I didn't even need.
So if you don't need the money, hold. So what if the price goes to zero, that $300 wasn't going to do anything for you. Keep the memory of the process, don't be greedy.