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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 some 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 now, I will be In position of hypothetical 1.

People are still going to make the same mistakes as they made earlier by selling too much bitcoin too soon., and also concluding that bitcoin does not have very much upside potential, so they will feel that they need to shave off their dollars. Sure, there will be a lot of folks hanging onto their bitcoin and figuring out how to continue to have bitcoin as one of their ever-present assets, yet not everyone is going to figure it out... and we cannot even know if future performance is going to be sufficient to justify continuing to hold bitcoin.. each of us has to figure out our allocation and also our way of managing our stash once we feel that we have gotten to a sufficient and/or more than sufficient size of BTC.

I think that bitcoin portfolio management should be another aspect that an investor needs to understand when he has reached his bitcoin investment maintenance stage, so that he does not mismanage his bitcoin investment after feeling that he has more than enough bitcoin in his possession. Since some people might feel that because they have too much bitcoin, they can start selling whenever they like and will end up selling too much bitcoin too soon forgetting the long period of time that they used to build their bitcoin stash to that size and the process they passed through. It is easy to destroy but very hard to build i.e, it is easy to squander 1btc than save gradually to get 1btc.

I think being principled solves this issue, bitcoin accumulation is a decision to be made by the investor himself and one of the important decisions to be made or that I made during my first month in bitcoin accumulation was how long I would want to hold. I wrote the date boldly and hung it in my room and I see it every day as a reminder to continue holding and funny enough only me understands what the date is for. It is possible for people to start feeling that they have arrived in their bitcoin investment and start selling it off in bits and that is totally wrong because they might think that they are just selling off little quantities and forgetting that little drops of water makes the mighty ocean and before they know it, they have sold a good portion of their investments prematurely, which is very bad. I believe you try your best at all costs not to even think of selling any bit of your investment until maturity date and yes you can decide to extend your maturity date since the longer you hold, the more profitable it becomes and the more stashes of bitcoin you would accumulate.

Another way to maintain your investment without preying on it is never to stop accumulating bitcoin, even if you have reached your accumulation target long before maturity, you need to set a new target and continue. This is a psychological thing, the moment you stop thinking of ways to expand your portfolio, the more you may start thinking possibly of ways to reduce it. As long as you are keen on expanding your portfolio as the right thing to be done, it would help you debunk every temptation to prey on your investments

These are very good practices to attempt to set some kinds of external reminders to tell yourself what you are supposed to be doing and what is supposed to be your focus.

Of course, you have that power to override yourself at any time, yet the fact that you go through the effort of setting up a written reminder that should help you to stay focused even during more trying times - and sure, not even the reminder is foolproof, and not even the reminder can stop you from changing your mind and ending up doing something dumb and/or that you will regret later.

With something like bitcoin, you may well could start out with a date in future that is 4-6 years in advance, which would be 1 to 1.5 cycles, and so that date could represent a date that you are not selling no matter what prior to the date, or the date could represent that you are going to continue to buy no matter what until such date, and so having the date, then also gives you an excuse to see how far you get by the time the date comes and an excuse to reassess and/or to establish new goals by the time that you get to the date. You could also figure out that there is something about what you have accomplished even prior to reaching the date that allows you to establish new goals that may or may not continue to have that earlier date, since maybe your new plan ends up superseding or serving as even a higher and/or greater goal that largely ONLY became possible (or knowable) after you had already spent a considerable amount of time and effort working to fulfill the terms that you had set in regards to reaching your earlier goal/date.

Whether or not you share the reasons for your goal or the date with anyone else may well be a personal choice, since some people feel that they need external accountability or external validation of their various goals, yet other people might feel that they are able to keep themselves sufficiently accountable and even validated through their own internal dialogue and their own quest to stick with the goals that they had already set for themselves.

Frequently when we engage in practices of goal setting, we are going to find that some goals are BIGGER and harder to achieve, and other goals are merely intermediary goals that are stepping stones and even procedural kinds of goals that are more easy to change since some goals are merely means to reaching the higher level goals, and not as important as making sure to stay on path towards the higher level goals.

Sometimes we might also come to realize that either our higher level goal is unrealistic or that we really do not want to achieve that higher level goal, since maybe we become more enlightened or even learn more about ourselves during the several years that we may well have had spent pursuing that higher level goal, and whether we merely tweak the higher level goal to become some variation of the earlier goal or perhaps we end up completely abandoning the higher-level goal and we end up creating a completely different higher level goal, we still likely learn more about ourselves by going through such process, even if there may be some sense that we are having to start over again or go down a path that is slightly different than what we had speculated it to be at an earlier date.