If you think deflation is just the devil, then fine, don't use bitcoin, just watch
I wish for deflation to increase even more because I mined quite a bit of coins last year and I'm sitting on them. The only problem is that it's too good to be true. Nothing keeps rising forever, period. You're committing the same sin of modern governments who keep borrowing and think it can go on forever, just in reverse.
Stability is the keyword here. The hell with deflation AND INFLATION.
It's not deflation what is rising $/BTC right now.
BTC deflation has a 20% rate, not a 10000% rate. What is bullying the market is especulation.
More and more people think that it could be possible that this currency is going to get mainstream. They especulate about it.
Nobody takes a currency which skyrockets ten-fold in a month then drops to half in 10 days seriously.
If we just had discovered gold, wouldn't that happen too? I'm just saying. Right now BTC is a small very modest commodity that can be used to pay some things. Will BTC suceed as currency? We'll see. If it suceeds, it won't be without bumps on the road.
I mean, what if in 2-4 years Bitcoin is worth 10 billion dollars maintaining the actual price/difficulty rate? what if it moves then more than 80 millions each day? Would you start to take it seriously? I would, for sure. And because I think it's possible, I'm willing to put my money where my mouth is.