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Re:CBOE Will Start Bitcoin Futures Trading on December 10 by wpietri on Monday December 04, 2017 @09:53AM (#15844212)
Yes. You describe classic deflationary behavior. That's why central banks target a small positive inflation rate (e.g., 2%).

Fred Wilson, a prominent VC investor and Bitcoin proponent, said as much in August: http://avc.com/2017/08/store-of-value-vs-payment-system/

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