Quote from: Biodom on Today at 05:37:59 PM

Quote from: Phil_S on Today at 05:21:15 PM

Quote from: Biodom on Today at 04:57:13 PM

Actually, yes, it does (to a degree).

That wasn't really a trading. Just random numbers with tiny volume. Completely irrelevant.

What happened under $50 can and should be ignored.

No, sorry, as it traded ALL 2011, 2012 and few months of 2013 under $50.
In fact, our first block halving was when we were at $12.27 in Nov 2012.
Basically, that argument (that we should ignore prices below $50) is a Reductio ad absurdum.

I was around when prices were below $50, I even got some (but did not HODL them). But if I may, I think it makes more sense or more meaningful to start looking when prices were above $100 already. From $100 to $200 took a few months ... From $1 to $100 took a few years where there were no major investors or buyers or even exchanges (yes, maybe the early exchanges did exist, but most of them are dead now, except for BitStamp and Kraken.)

Just an opinion from someone who bought at below $10. Start looking at $100 as when it all really started. No point thinking about pizzas for 10k BTC.

I once saw someone bet 7000 BTC on a dice game. And lost it. (that's not the whole story tho, he started around 1000 BTC and kept betting until it got to 7000).