I know sooner than later more people will understand how crypto currency works and accept bitcoin as a means of exchange of goods and services in their daily dealings. In my candid opinion, It does not matter who hodl or sells bitcoin. In order to uphold the value bitcoin deserves, we need to use it in our daily activities, such as making payments to friends and business partners who are into crypto, this is the best form of advertisement of crypto. When this value is placed on bitcoin, many of us would no longer worry who sells or hodl, just as it is in the case of fiat currency.
Of course it does. That is how the market can move from where it is going to be. People buy and sell in there own set of prices and that is why the price moves.