2008, a year of also crazy price swings, and highdays of crisis, still had an average of USD $15.
The problem is that there seems to be a tendency to use peaks and bottoms as reference.
That allows to predraw any sentiment.
Take for ex that 1980 with its $50 often used as reference.
Yet, the average price in 1980 was a mere $16.
Take now 2011, with its $50, again often used as a reference.
Well, the average price in 2011 was $35.
That's over twice the 1980 average.
And the very same applies to decade averages.
1970-1982 was $6.83
2004-2014 was $18.11
So IF I had euro's to swap, and IF I saw shorts term indicators suggesting a good moment, I wouldn't hesitate a week to order.
And why don't I have euro's to swap? Because I already swapped them when price was around $19-19.5 months ago.
We have seen $21.5 since and I hope that stackers that didnt have the guts at the previous $19-20 saved their ammo for now or in the coming 6 weeks or so. It may not be the best time, but it will certainly be better.
I won't forget that back in 2011, where I swapped most in feb, to then see $32 > $50, and in later re-upspikes, that there was no pessimism to read. Today's only difference is the direction.