I bet it magically breaks ATH the day before the Coinbase listing. On Coinbase at least.
I've been shit reporting - again - a bit lately and therefore I'm a bit confused now: could you tell me which Bitcoin ATH you guys mean exactly? The latest one or the one before that?
the latest ATH price from BAT is about $1.38
Huh?
There is ONLY one ATH.. and currently that is at $61,782 from March 13.
I understand that in 2020 we had a decent amount of talk about the AYH... (the high for the year).. but once we broke $19,666 (which had been the standing ATH from December 2017 until around mid December 2020.. those new ATH became the talking points - except maybe if we are considering some kind of local high.. but there have not been too many local highs since mid December 2020.. I mean not really enough time has passed to cause any of those other
to be worried about numbers.. to become very relevant in the whole scheme of things (at least so far).
from $20 (two pizzas) for 10000 btc
No no no. Going that much back makes no sense. It was completely unreliable territory price-wise.
Markets as we know are just an exercise on price discovery, since its creation bitcoin should have held a very high price but it didn't, even now the price is very low compared to its real value but unfortunately we have to wait for the masses to wake up, as such I agree with your notion that prices back then should be disregarded, if anything I wonder if in 20 or 30 years once the value and the price of bitcoin finally match each other if people will think of bitcoin trading at 60k in the same way in which we think of those 10000 BTC being used to buy two pizzas and will disregard everything which happened before 2021.
You are bringing up some interesting observations WXA.. .which contributes to my assessment that we should be continuing to account for the early dates if we want to understand bitcoin overall. Of course, there are going to be platforming ups along the way, and the stock to flow charts already seem to account for those platforming ups.. but even within each of the platforms there exit price ranges and price dynamics that are understandable considering which platform is being assessed.. so I am sticking to my guns and asserting that either $1 or the beginning of 2011 is a sufficiently valid starting off point because by then, there had already been a decent amount of BTC price discovery, even if considered somewhat inadequate in terms of price discovery tools that were introduced thereafter.