It's interesting to watch the events unfold; the announcement and confirmation that the Minecraft server would be reset.
It's like hearing of a storm approaching, you gather your things and find shelter, knowing your home is going to be destroyed. As you put whatever supplies you've collected into the bank, it's as if your life is over.
But then the storm stops, you're somewhere else, and you have only the things you could save. Then you go and rebuild.
So overnight, everyone's stuff will be stored in a bank, and carried over to a new / strange land.