People always seem to think that BTC is overvalued and that we are currently in the great bubble of 2013 with only one possible outcome... Down.

But allow me to warp your mind around:
There is no bubble, we are actually in a great depression, the depression of FIAT!
BTC isn't going up, it's FIAT that's going down! Every day your FIAT is worth a little less.

BTC has decreasing inflation, FIAT has increasing inflation!