I bought for the first time bitcoin when I hear about it. It was more than 2 years and half ago. I bought 4 bitcoin and the price was about 63 us dollar 1 bitcoin. I eat myself today to not bought 100 and not only 4. What was the reason of the bought? Initially because I wanted to be part of an opportunity online which accepted only bitcoin. This site make me know bitcoin and make me interested to learn more about it. Then I continue to learn more and more about it and slowly become affectionate with it. More learned and more become convinced about its potential. So initially was for being part of an opportunity and then because had conviction that it will be important some day. I have again this conviction and continue to buy little amounts (cannot buy more) time after time.

If I tell don't spend that, for me, mean don't spend and not spend less. Spend less is spend less. This is the meaning of the words used for everyone who name himself as a normal person. You who mean different meanings of the normal words used by everyone, must accompany your posts and schemes with a dictionary where you must explain your meaning of the words you use in order that to not be misinterpreted or even understood.  

And if this your schema (as you write in your last sentence) happen today your schema is again more than out of reality. Because today the amount of money in the economy (every economy) increased with the increase and the development of the economy in the given country. Your schema treat a totally different situation. Treat the case when the amount of money in circulation is fixed and don't change. So both cases are essentially different.

As for the deflation in today's economies I haven't heard deflationary cases in economies since today or, to be honest, maybe I have heard some case but I am not sure. And if happen, is happen only one time in one country. Not to many times as it is supposed in your schema. Anyhow I am not to much informed about this, so I'm waiting your real examples.

I don't think that Catalonia will vote for the secession. But even will happen this fact you are in big wrong about the possible problems of Spain. It is true that Catalonia is one of the most richest area of Spain but Spain is much more bigger than Catalonia and have to many resources. You can learn everything about the Spain's economy here: https://en.wikipedia.org/wiki/Spain#Economy

Then if the countries of Europe has not allowed the go out of Greece from Eurozone it is out of mind to not act in the same way for Spain which is much more important and big country compared to Greece. And at the end, as I know (even I am not very informed about the situation there) the Spain is away from the situation in Greece. Have problems with the debt but that's all. Greece had and continue to have big problems not only with the debt but with the structure of the state, with the overall wealth which is not supported at all by its economy and its revenues, with various big privileges had from structures and even Greek people, with the big corruption, with the enormous tax evasion by almost all the Greek businesses etc. etc.

So have no comparison between the two situations. And this mean no problem of "Spainexit" from Eurozone.

Questions about your schema:

At point 2 why rich don't spend? Why don't invest? To wait the deflation? If yes how live them without spending? How can make them the life of the rich without spending BIG quantity of money. A rich cannot stay without doing its luxurious life and spend big amounts of money. Since in this point your schema appears doubtful.

At point 7 you tell the rich get their ROI from their investment. So get more than had. Otherwise have no meaning to do investments. The amount of money in circulation is the same. So their ROI is given from the money of the poor. This is the only possible source. But in this way after two or three cycle of deflation all the poor will be dead because will have not more money. Would be taken all from the rich.

Conclusion: this example is only a sophism and not possible to be never verified.

I think that can be happen what is happen even with more big value market. And can happen even much more that happened. I am giving only and simple example. China (to leave all the other countries) has 1 billion and half people. Even if 10% of those would want to have only 1 bitcoin (which have no sense to ask such amount) would be an demand for 150 million bitcoins. 150 million people x 250 us dollar 1 bitcoin = 37 500 000 000 us dollar. If will not be 10% and be 1% the people who will want 1 bitcoin the amount figure will have only one zero less. So no comparison (in both of cases) with your figure about the actual bitcoin market. That percentages of people can increase even 10 000% the price of bitcoin and then after bought their 1 bitcoin, the demand will decrease with the same speed as it was increased. And the price can go again where it was.

Questions with to many unknown things. First why 6th largest reserve currency and not 10th or 4th? Then 6th it is hard to be with its limited number of coins in existence. In today's situation I think that are more than 5 the countries with have much more money (in value) then the overall number of bitcoins (which can be arrived after about 120 years). As about the price of bitcoin have no way to make a prediction. Nor today and nor at 2030. No one can know its behavior and the behavior of every country in confront of it. The factors which can affect the price of bitcoin are unknown and have no possibility to find a methodology to find those or to predict the price of it. Everyone who guess something and give a figure it was without base and only to tell something about this. It is hard to predict (even for the near future) the price of the normal money which are centralized an managed by the Central Banks of every country because of the possible apparition of unknown factors. Not for bitcoin which is decentralized currency and without any control or management by some monetary Authority.

Excellent post. With few words but clear ones. It would be better if it will be some example what is the meaning "better" or what can be better because this way of expression can help those with no ideas but which want to help. In this way even those who have no idea can copy the idea given and help (passing from "shut your mouth" to "do better"). Anyhow this is my idea and does not mean that may be even yours. Everyone has its way to write or express him's thoughts. And it is right to be so. As conclusion, your new post, as it is, is totally correct and I have nothing to tell, interpret or correct. 

It was all quiet in my bitcoin Coinbase wallet during all the last eventful days. I had not any temptation even when the price overpasses the 500 us dollar. My few bitcoins there wait for much more high price. In this way will have meaning even its existence and the amount (few). I don't want to speculate and for more dump those. Maybe to find others yes but to sell those; it is yet early. I am for the long term waiting and profit. Hoping than one day they will arrive the price I have in mind or at least a price near it.

About the first question I haven't told (or better write) that my behavior is the behavior to be followed or it is bad or good for bitcoin. I must accept that don't use bitcoin is not good for it. But I have not money excessively to spent in vain buying bitcoin only to buy something that can be bought with fiat money. Because all the transaction have fee (you know very well this) and never, something who cost 20 us dollar, can be bought with bitcoin with the same price. The fee in buying bitcoin are not few and buying bitcoin to use it for buying something that cost 20 us dollar, with bitcoin will cost for sure more than 20 us dollar because, as I told above and I you know very well in the price with bitcoin are even the fees of the bought of bitcoin.

As for the second question have no meaning to write something about your "explanations" (without any meaning) because the quoted last your sentence is very clear. I have something only for the "lol". The use of this slang (always if you know its meaning) it is one way to go out of the embarrassment situation in which you find yourself after reading my explanation or something that you use when you understand the meaning of something wrote by you that make you to cry (like it is your last sentence)?

If the bank ruin you father and you all why then you continue to leave there your money? Hold those in your home or somewhere else. But not in the bank. At least this would me behavior is something with hurt me. Then I'm curious what has given to you Satoshi. I'm interested to know this. Because I hope that Satoshi will give something to me but in the future. For the moment Satoshi gave me only costs (buy of bitcoins).

You must thanks the bank. If it will be not the bank you will have not the possibility to send money to Coinbase, you will have not your credit/debit card to deposit money in some other place and then from there (if it will be possible) to send those in another place where you can buy bitcoin with the good price offered by Coinbase (if there exist this some other place). Maybe you need to thanks the bank even for another possible situation; if the price during these days goes down. The bank has given you more bitcoins with its late transfer of your money. So better to take the good side of this story. Make good even to you.

What must to do me which have no possibility to buy bitcoin at Coinbase (even I am an old customer of this wallet), because Coinbase don't offer such option in my country? I am obligated to buy bitcoin in other places which sell bitcoin more expensively. So I must buy the same amount of bitcoin with more money compared to you. Remain to send to hell Coinbase which don't offer its service in my country. But only if me were you. And to tell the right I am not. 

I will be sincere. Don't fatigue yourself with this kind of amounts. Cannot make make money or bitcoin with that amount. Then it is not written somewhere where the price of bitcoin will go up and you can know that moment and will sell and when the price will drop down and you again will know that moment and will buy. You can buy today some part of bitcoin with that money and maybe cannot be able to sell it even for 6 months. To wait 6 months to earn 5 us dollar is not a normal thing. You maybe can have more if you go with faucets and be active here in bitcointalk to increase your rank and to find a good or even less god signature campaign than do such kind of "trading" you want to do.

Anyhow this is what I think. You have your mind and your thoughts. And as I do always in such cases, I advice you to do what you think and not what think me or the others. Read everything here in your thread to have some ideas or even for fun but decide yourself with your mind what to do.

That depends from the economy you want to build. If you want a deflationary economy you will like bitcoin. If you will want to build an inflationary economy you will want dogecoin. Normally the second choice would be better if not it will abused with the amount of money which will introduced in the economy. If the the overall amount of money in a given moment will be the needed one calculated considering all the factors which determine it plus an amount equal with the needed or wanted inflation then this can be called ideal economy. It is superior with the deflationary economy even from the only fact that the development of an economy need always more new monetary value which must correspond to this development. In the deflationary economy this can be solved with the revaluation of the money (being the amount limited and not have possibilities to increase the amount of those in economy). But practically this monetary policy have limits. The deflationary economy mean have more with the same amount of money. Or to buy the same amount of goods with few money. But the few have limits. For example with bitcoin cannot go under 1 satoshi. So when it will be the moment to needed to buy some good with few with 1 satoshi the system may go in collapse (if cannot be invented an unity fewer than 1 satoshi.

Anyhow the above examples take as money a digital coin money. And are totally theory. The practice is another. Because the actual produced/created/stamped money are in the money and depends totally from the human will. Which is easily corruptible.

Anyhow, if we may considering removable the human factor from the above process (the input and the existence of the overall amount of money in one economy) and want to know and compare the deflationary economy and the inflationary one (with the kind of existent money) I am giving below two links which explain in fully both of those:

https://en.wikipedia.org/wiki/Deflation

https://en.wikipedia.org/wiki/Inflation

A little different the title with the end of your main post. Normally the end of post finalize the title but your's ask another thing. I will try to answer to both questions.

As for the first one (the title) my answer is no, I never use my bitcoin except when I think that their use can bring me other bitcoins. Only in those cases I use bitcoin. Not in any other way or case. Why? Because I think that bitcoin is to valuable to buy the everyday things or even every other kind of things that normally can be bought with my local currency.

Now the final sentence of your posts. According to me you think wrong. Why a merchant must accept only bitcoin in him's store when can use and accept all the kind of money that bring him revenue? I agree that bitcoin must be absolutely between those but why the only? For me and you (who like bitcoin and want to see the use of it everything) this can be good because maybe this can force the people to buy bitcoin if want to buy something that can be found only at him's store. But a merchant don't use this kind of logic in him's activity because if yes, probably will bankrupt. He want profit and use every possible way to have this. And every possible way is not to accept only bitcoin.

Then another thing. I think that people must want bitcoin because they will like it and not because they will be forced to use it (like in the above case if the merchant which must accept only bitcoin). The force of them to buy bitcoin in order to have something they want from the above merchant may have the opposite of we want. The hate of it. It is one thing to have bitcoin or to approach to bitcoin naturally and another thing to force the people to go to it. The second way is risky and I think that can be even wrong.

Wrong idea. If everyone who like or love bitcoin for tens of reasons but have not any idea how to help it, will leave it, the people which will have to do with bitcoin would be e few hundreds (I'm being generous in giving such figure). If it will be such situation for sure bitcoin will be dead.The use of it only by few hundred people mean nothing in the today market. Much more other altcoins have more users.

So to pretend that everyone must help bitcoin or to leave it it is totally wrong approach according to me. For me is a big help even only someone use or hold or accumulate it. The most big help that someone can give. Even if make only one the above three actions is a enormous help for it. The spread of bitcoin (which is the totally of the three above actions) is the most big and irreplaceable help that a person can do for it. It is enough to do this and this person need the gratitude for someone which like or love bitcoin. The spread of bitcoin mean more value and more power for it. More recognition and more deep root in the market and within the people which use and will use it. More impossibility to fight or ban it. More near of the final aim to be part of every person in the Earth.

What can you tell now after the happening of the last 10 days? Have you again the same idea like that your wrote in your above main post? Bitcoin was 100% higher in price and if you were smart and were -50% in lost (in fiat money) had the "golden" chance to have +50% in fiat money. Have you done this? Have you sold your "hated" bitcoin? Or have changed your mind seeing that price and did not sold any of your bitcoins hoping for more?

I don't know what do you think now and if you again "hate" bitcoin but I can tell you that bitcoin "have heard" your plaint and gave you a sign of its potential. If you were able to understand it you must have now more clear thoughts in your mind about it. If not, I think that you will have always doubts about everything you will do in your life.

Questions to $1 million. Not only for me but for everyone. Because don't exist even one more data (as I know) about all that you want to know. He is disappeared without giving even one reason or excuse (have no need to do the last one but only to satisfy or inform its followers). He has the first initiator of the invention of bitcoin (with "White Paper"). Then he continued to collaborate with other developers on the bitcoin software until the middle of the year 2010. In this time he give the source code repository and network alert key of bitcoin and blockchain to Gavin Andresen (the actual promoter of the new bitcoin XT), transferred several related domains to various prominent members of the bitcoin community and disappeared.

If he will be live someday? There are only one sure answer. Only him know this. If it was only one person and not a group of people as it is told sometimes by several people.

You have heard that it can takes up to 3 days but I have heard that they can remain in air for to many more days. No one have interest to give confirmations to your bitcoins without earnings its "work" fee. Must be some generous person which will accept those and can make possible that your own again those. So you must pray to be someone such. Otherwise maybe you can have again your bitcoins even after months.

It is a hard thing to give advice when the money in question are to many. I will tel some words but you must fixed in mind that who must decide must be only you. You can read what write 100 people but you must do what your mind tell to you. Because the money are yours and all the others who write their thoughts can talk and write everything have in mind even only to show that have thoughts or experience. But don't exist never two similar experiences. Every experience is unique and yours will be so.

First thing I will do if I were you will see the overall amount of money I have. If I have 100K I will buy without the minimum problem bitcoin with that amount showed by you. I personally have faith in bitcoin. I believe that one day in the future (probably remote future) its price will go very high. But there are at least one condition that this hope become true. Or at least exist the hope to become true. This is its regulation. If you live in a country which has regulated bitcoin you have not more such problem so must have no worries to buy those. Anyhow I believe that in time every country with regulate it. Must be some which will ban or ignore it but bitcoin is an international currency and you will have the possibility to act out of your country with those if your country has banned or will not regulate it.

Second if you will have only those money and no others I will not use all those to buy bitcoin. Maybe half of those (or even less) but with reserve. Have no meaning to spend all your money in only one kind of investment. Normally needed diversification in investments. This thing must to do even you if all those money are destined to be invested. Those are my thoughts. But have even another. The last one is the first one. Must be you, with your mind and your arguments to decide what to do. Must not be influenced by the thoughts of the others.

I think that it will be possible and even that can be a normal thing when the time will come. Maybe it is already a reality in some countries. But with (at least) one condition. Without which, every your supposition cannot be (for sure) possible. Bitcoin must be a regulated (legalized) currency in the country where the bank or the big companies have its activity. Without regulation nothing will be possible. I can tell you even that in some countries your supposition it is verified. For example in USA when bitcoin is regulated and will continue to be regulated in the years to come are to many the companies or merchants which accept (accumulate) bitcoin. Are even two big companies which accept bitcoin too: Microsoft and Dell. So bitcoin is regulated, the big companies want bitcoin. It is not more an dream but a reality. The same will happen in every country which will regulate it and will leave freedom to everyone to act according to him's will and desire.