If everyone hoarded bitcoins.
Bitcoins will end up up up.
Bitcoins will end up up up.
Each time the price goes down it shakes out the weak hands and more btc end up with the hoarders and users
This is just wishful thinking. If it were so, the price wouldn't go down at all!
It is a fact that when the price goes down the members that believe less sell and the members that believe in Bitcoin most don't sell
And so what? If the price goes down, it just means there're more sellers than buyers per unit of money (and the other way round). As simple as that...
And it shakes the weak hands
Price going down confirms there're more weak hands than strong hands in the market at the moment...
There may be more sellers at the moment but the coins are probably going to bigger believers which will prepare for the next spike up in price