Bitcoin Forum

Economy => Speculation => Topic started by: El Cabron on November 29, 2011, 06:01:03 AM



Title: Transactions volume at an all time high?
Post by: El Cabron on November 29, 2011, 06:01:03 AM
http://blockchain.info/charts/estimated-transaction-volume
What is going on? If you go by the logic that price is related to transactions should this not be massively bullish? Thanks.



Edit: Link fail, working on that.

Edit: Fixed


Title: Re: Transactions at an all time high?
Post by: old_engineer on November 29, 2011, 06:39:03 AM
???
Your link is to the Speculation board, not a thread.

And the number of transactions isn't at a record high, it's just not falling anymore:
http://www.blockchain.info/charts/n-transactions


Title: Re: Transactions volume at an all time high?
Post by: bitclown on November 29, 2011, 07:30:39 AM
Last time it was repeated change from a 500k Mongox wallet. I guess it isn't all withdrawn quite yet.


Title: Re: Transactions volume at an all time high?
Post by: pent on November 29, 2011, 09:17:26 AM
I heard some traders withdraw funds from mtgox being scaried of this countdown on main page.

I think mtgox should be a bit serious. Marketplace should not bring surprises for traders. Its not a Santa. It is serious place where serious money go through.


Title: Re: Transactions volume at an all time high?
Post by: damnek on November 29, 2011, 09:53:20 AM
I fully agree. I'm surprised that they seem so clueless about important basic things.


Title: Re: Transactions volume at an all time high?
Post by: codymanix on November 29, 2011, 11:19:58 AM
important basic things like what?


Title: Re: Transactions at an all time high?
Post by: ThomasV on November 29, 2011, 11:22:09 AM
http://blockchain.info/charts/estimated-transaction-volume

This is what I meant to post:  http://blockchain.info/charts/estimated-transaction-volume  sorry

With the recent encryption issue, some people have moved their coins to a fresh new wallet.
I guess this coud explain the rise.