why is there a general aversion to speculators and Hodlers ?
That is because the speculator will cash out one day causing the price to fall down and even sometimes crash the market,this is the reason people hate and even say speculation is the mother of all evil, like it happened with dot com bubble..
But think again when it comes to bicoin, a speculator trying to buy bitcoin now and wishing to dump it at when it reaches a million dollar per coin , would never do so because the whole economy will be changed to a point where you can buy almost anything and everything with bitcoins, that is the reason a bitcoin goes for a million dollar each, with that the need to sell bitcoin does not arise for the speculator and he just spends the coin ultimately further strengthening the bitcoin economy.
So in bitcoin case it is very different, there will be no crash after the million dollar bitcoin.
It won't hurt the market if sellers sell off their holdings incrementally. It only hurts the market (temporarily), when someone sells off a big block of BTC that burns through all the current buy orders. Once this happens people usually swoop in to pick up the "cheap" coins, and the price stabilizes off again
