...does not look like this:
Oddly enough, I completely agree with you, evolve.
You're... what? A very long term bull and a short to mid-term bear? I'm a total bull: to me, crashes are a buying opportunity - nothing more.
Eh. That doesn't matter.
Here's the thing - it's a matter of perception; of historical perspective if you will. While I agree that this doesn't look even remotely like sustainable growth, I question the foundation of looking at bitcoin like that. I can't look at it like a stock, or an investment in the real world and its goods of any kind.
So answer me this: what if - rather than the unsustainable growth of a fictitious commodity - bitcoin is nothing more than the release of a decades or even centuries-long pent up demand for an end to the control imposed on us by those who now own the wealth of the world?
Because that's how I see it. I see it catching on like fire in a drought. One by one people begin to understand that there
is an alternative, and all they have to do is grab on.
So yeah, there'll be a crash, or a correction or whatever you care to call it. But it won't matter - not even in the short term.
The cat is out of the bag...
