It encourages people to hoard their money and is not a good thing and this isn't even debatable it is one of those cold hard facts that guy with the issues was talking about.
Value goes up -> nobody spends due to hoarding
nobody spends -> value goes down due to the currency being worthless.
Do you think that it's at all possible that there could be an equilibrium here? Or do you somehow believe that the price will go up forever despite hoarding and no real use?