did I miss something over here? Heyday to my understanding indicated the good old days when and where it were and since bitcoin never touches 10000, how is that going to reflect things accurately in the first place? Probably at best, we should right now aim for the 1000 level that we achieved previously before we start thinking of something else.
please look your above coment
Just to be clear, I'm
not suggesting that 21 August 2015 was Bitcoin's heyday, nor that Localbitcoins should be taken too seriously as a tool for price discovery.
Like other posters, I took "heyday" to refer to late 2013, when BTC/USD was approaching/reaching $1000 on multiple exchanges.
Localbitcoins isn't an exchange - it brings together traders wanting to make over-the-counter trades. There tends to be a premium for OTC trades. Some of those trades are "person-to-person" (P2P), and attract an additional premium (presumably for the anonymity cash trades provide). The >$10k trade we saw on 21 August was most likely a product of a P2P trade. (I can only speculate what the buyer's motivation was).