Thanks @birdbyte. I am asking myself how many people are effectively doing short-term of trading BTC these days (unless they are Big Boys armed with their trading robots). Very long before the current excitement over BTC I felt uncomfortable about the length of time it was taking to have my BTC actions confirmed (having been an active stock options trader).

I read some place in the last day or so that only about 1 million BTCs are actually being bought and sold (though I cannot vouch for the quality of that estimate).

Do you have an opinion or data/estimate on the proportion of all these currently backlogged transactions represent traders going in an out versus people just buying to put the stuff away, like their gold?