Transactions volume at an all time high?

[El Cabron]

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

[old_engineer]

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

[bitclown]

Last time it was repeated change from a 500k Mongox wallet. I guess it isn't all withdrawn quite yet.

[pent]

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.

[damnek]

I fully agree. I'm surprised that they seem so clueless about important basic things.

[codymanix]

important basic things like what?

[ThomasV]

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.