ok you are pasting the same dribble everywhere. (well if it aint you on different accounts then you and a few others are worrying about something you probably heard about in trollbox and now shouting apocalypse is near)
but you do realise even if there were a billion merchants. or just 100k merchants. its the bitcoin holders that have the ultimate power..
no one will sell or spend their bitcoin at a loss. unless they are stupid.
for instance bitcoin is $600ish now. if i seen a PC on amazon for $600, i would weigh up the pro's and cons of either using bitcoin of fiat. and right now bitcoin is undervalued, im holding out until atleast $1000.. so ill just use my FIAT.
so spending wont increase as much as you think, not until thre is some bitcoin price profitability to incentive spending. so if the price rises too fast to cause an incentive, the spending will cause the drop.. meaning the price stablises.
now as businesses advertise they are bitcoin friendly or offer discounts to bitcoiners, customer will buy bitcoins to get such discounts. again bitcoin rise due to demand, and fall due to spend..
over all there will be more hoarders of bitcoin than spenders so relax about the daily movements of bitcoin price. over the long term the price will rise. just at a more stable rate..
summary
CALM DOWN
this is my own idea and i did not see anybody in trollbox with it. im actually preety transparent with who i am - u can check my signature
im surely nobodys 2nd 3rd or 5th account. hell, read my story:
https://bitcointalk.org/index.php?topic=592436 im into this since very early stage.
for me BTC is a currency so i dont mind the price drops but many people think of it as gold that will get price on the moon. really u believe Dell or other big copany holds any BTC? they drop tchem to market right away. more BTC sold = price smaller.