The truth of the matter is that it can be very tempting to sell most if not all of your bitcoin just like hypothetical 2 did, and he ended up with nearly $1 million in profits out of a $47k investment, so it is difficult to proclaim that he did not profit, even though he would have had been better off to hold onto more of his BTC, perhaps some variation .. yet whenever any of us is attempting to create a somewhat realistic hypothetical comparison,
You are actually right, we can't predict some kind of situation when it arises. We might proclaim to be different in terms of making decisions in regard to what hypothetical 2 did, but we might as well do as he did when we find ourselves in such situations or did worst than him but thanks to Bitcoin growth which has changed people narratives. Because people had some doubt some years ago about bitcoin and sold way too quickly Because there was no proof as to how hug bitcoin might be. But from previous history of bitcoin starting from 2009 till date has shown the immense growth of bitcoin and if I where in positions to make decisions no now, I will be I position of hypothetical 1.
we have to show how there can be a considerably great dilemma - including that we do not have the advantage of hindsight when we are caught up in the moment and we might have a variety of dilemmas that include temptations to consume and/or invest and even perhaps speculating that we might end up better off by selling most if not all of our BTC...
Delima is bound to happen to any investor but we must figure out ways to tackle them and do as if nothing happend. if they may have adopted the strategy of investing in bitcoin plus setting aside some amount for emergency fund there, I think there may be no need to sell all for doe any delima.