In my opinion there is NOTHING wrong with sitting out as a chip leader, as it has nothing to do with poker ettiquette. There's one question you need to ask yourself... let's face it, are you playing poker to win money or are you playing to chat with people?
If you have a big enough chip advantage and are able to sit out and cash where you would like to cash (especially if the field starts to get tought), it's a very valid strategy!
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