[ska]

No, this is a terrible idea. If you play like this consistently, you are basically telling your opponents when to play against you and when to get out of the way. They can even pick bet sizes (assuming no limit) to refine your possible hands very accurately.

[jdmichal]

I'm usually surprised in tournaments by the number of people willing to play with me after I've sat quietly folding for the first three rounds... By all means, everyone should fold and give me the blinds, but there always seems to be a player or two who bite!