True if you have a lot you can get profit and help others get coins. Price can't go up until things are more even and one person doesn't have 100k btc.
This is a very good point. The extreme GINI coefficient in the economy strikes me as one of the largest threats. After all Bitcoin derives a lot of it's strength from being the software that people willingly choose to run. If relative latecomers cannot get in in a reasonable way that could be incentive to choose a different solution.
Lately I've just been selling at Coinbase for convenience. I've no idea where the BTC goes. Once I get comfortable that I've got what I need for some projects I have planned, maybe I'll switch over to trying to service whatever local demand there might be. In significant sizes doing things locally is impossible, and it's always going to be a hassle which I may or may not enjoy. Busy with other projects at the moment.
Whether legitimate or not, I consider being a 'hoarder' to have the benefit of dampening out fluctuation somewhat and providing some liquidity in times of need. Certainly I felt that I was doing the economy a service by soaking up some liquidity back in late 2011.
