If everybody is hoarding it's not a healthy market. You need heavy volume to see rise in price (and also big pullbacks). If nobody had sold since the early days, price would still be at 10 cents.
+1
If anyone has pangs of regret for spending their early bitcoins, if you hadn't spent them, you wouldn't have the opportunity for regret today! The whole bitcoin community should be really grateful for the early adopters who were spenders and actually made use of the system.
Where possible, I try to spend bitcoins or receive payments in bitcoin. I still hoard by replacing bitcoins immediately after I spend them. It's a little more cumbersome to do the Fiat -> Bitcoin -> Bitcoin -> Fiat dance, but it's still fun to see it all work.