That's honestly a very bad reason to not do coil.

Something people don't seem to understand-no one raids for gear. If they do they're an idiot. People raid for the social experience with their friends (or to make new friends) while accomplishing something challenging and experience content that the general public isn't able to do. Sometimes bragging rights, as well.

That's what raiding is. It's especially true in this game when half the good gear is on the VERY LAST BOSS of the current coil, at that point gear is especially pointless because you'll only use it to kill the same bosses over again until patch.

Gear is replaced easily, memories are never lost.