I actually agree. We might even get a reprieve and a run up to $450, but we won't break the bear market until we get another flash crash. I mean, BFX is what, $50 (and went $70) below the last flash crash's finishing price... for it to end here would be like taking a girl for a nice night out on the town and forgetting to kiss her on her doorstep. That, like a non-event bottom, happens but that doesn't make it likely.

In 5 days, the estimated difficulty increase has already gone from ~29,829,000,000 to ~35,259,000,000. At the current increasing rate of network hash power, in 5 more days, it's likely to hit 40,000,000,000.
This is really pushing the little guys out of business. Even with the most powerful and efficient miners, there is virtually no way to make a profit unless electricity is free and mining hardware is free. You'd expect with such extreme network hash power that BTC value should have skyrocketed to $1000 USD or more. But instead, it's remained somewhat steady around $500. And now, it's dropping closer to $400. How can this be profitable for anyone, even the huge mega farms?

Oooh, good one.


Annecdote time: I told my gf about that quote and its context a while ago, and she got really sad about it.

Now, I sometimes just casually drop the line "I'm quickly going to do some groceries, it may be some time", and her eyes almost water up when I say that

(yes, I'm a psycho)

In 1911-1912 a British team led by Robert Falcon Scott attempted to be the first humans to reach the South Pole, the most southerly point on Earth situated on the Antarctic continent. They did in fact reach the Pole (on 17 January 1912), but discovered that the Norwegian explorer Amundsen had beaten them to it. The demoralized five-man British team then began the 895-mile (1,440 km) trek back to their base.

They never made it.

Hampered by worsening weather, poor provisioning, injury and frostbite, the team were destined to die en route. Edgar Evans was the first to die (17 February 1912), apparently as the result of a blow to his head when falling into a crevasse. The four remaining men struggled on, slowed by fierce blizzard conditions. And Oates' severely frostbitten and gangrenous feet and general weakness (possibly aggravated by an old war wound) began to hold them back further, so that they could not keep up the daily distances needed to reach provisions before their rations were exhausted. On 15 March Oates told the others that he could not continue, suggesting that they leave him in his sleeping-bag and go on without him. They refused. The following night, according to Scott's diary entry, in the early morning of 16 March 1912, Oates said to his colleagues: "I am just going outside and may be some time." Then, without going through the painful exertion of putting on his boots, he stepped outside into a raging blizzard and temperatures of -40.0 °C (-40 °F) to face certain death.

Oates' self-sacrifice did not save his colleagues from a similar fate. Scott, Wilson and Bowers died nine days later, eleven miles short of their next pre-laid food depot that could have saved their lives.

Oates died a bachelor the day before his 32nd birthday, probably still unaware that he had fathered a child with an 11-year-old Scottish girl when he was about 20, a fact that emerged many years later.

His memorable phrase lives on in the English-speaking world both as among the most famous of last words and as the epitome of heroic understatement and allusion.