I have caught the Bitcoin Millionaire Syndrome. I think that some day my few Bitcoins may become worth anywhere from a small fortune to a large fortune. This means that I am much more reluctant to actually spend Bitcoins. Is it possible that this thinking and behavior is common among those who own Bitcoins and is it detrimental to the expansion of the Bitconomy? for a more in depth post look at
http://wp.me/p2VF4G-r. Please forgive me for putting this on the wrong board.
Hoarding is limited due to "Time Preference", at times when bitcoins are overbought even the most bullish longterm speculators will find better shortterm returns elsewhere.
http://wiki.mises.org/wiki/Time_preference