Buying Looking For Crypto Currency Writers- Bitcoin, Litecoin, NXT

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Looking for writers that are familair with crypto currencies and crypto equities. Bitcoin, Litecoin NXT, Ripple

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A Deep Pause for Bitcoin High Tide

May 20th – May 26th saw a great increase of 32% in the USD value of Bitcoin. On 20th May the value of one Bitcoin stood at $444 and on 26th May it came upto $587. However this sudden price spring came to a halt as prices stopped increasing after 26th May. Even though this instability has been a pretty common affair in the history of Bitcoin, people are still speculating as to what caused such a volatile increase?

The Unpredictable History of Bitcoin

The history of Bitcoin has seen various unstable rises and falls in price over short spans of time. These rollercoaster values have always attributed to highly good or bad news for Bitcoin investors. Bitcoin continues to gain a stronghold in the US domain, and people will only wait till the values of Bitcoin are in good shape to start using it.

Bit coin prices slow to a halt?

The present has seen the rise of Bitcoin and the present is witnessing the halt of its increase. Bitcoin prices have ceased to increase after the least stated value of $587 on 26th May. The last 48 hours have seen Bitcoin prices as most stable. We had all hoped that it would reach the $600 mark but to no avail. There are many factors that have stirred this Bitcoin volatility.

To conclude we can state that quite a number of theories and rumors have arisen for this sudden surge and halt in the price of Bitcoin. This volatility was much expected and having such an eventful past the Bitcoin prices were never expected to stay stable for a long time. Though many people can say that this rise was expected some still wish to claim that the sudden surge was something out of the blue. What are your views about this Bitcoin volatility? Will Bitcoin reach the $600 mark in the near future or will there be a low tide for Bitcoin investors?

 

Why does the ECB need decentralized currency?

The recent financial crisis has left Europe, alike other parts of the world in a state of struggle and contemplation. Many crucial and groundbreaking decisions have had to be taken and the outcome has been rather promising. But some of the actions of the ECB (European Central Bank) recently has stirred a spirit of detest amongst the external observers.

An In-depth view of ECB

Being the main Central Bank for the entire group of European States that uses Euro as their chief currency, the ECB has been assigned its own budget and several Governors have also been appointed for a fixed period of 5 Years. The board members however are appointed for a non-renewable term of 8years. This being said, the governors and board members can only be removed subject to the most serious of situations. Thus ECB plays a very important role in maintaining balance and stability in the entire Eurozone. ECB has been granted with many powers, and as we all know with great power comes great responsibility. The question still stands – Is ECB channeling this super-stated power in the rightful fashion?

It started towards the end of 2009 when fears of an independent debt crisis had started to develop amongst some of Eurozone’s conservative investors. As the scene gained momentum, the situations had worsened by the start of 2010. Some other countries apart from the Eurozone countries of Greece, Ireland and Portugal included Iceland. ECB has chosen to aid these countries in sovereign debt problem; they have also secured all borrowing and loan agreements.

What can be the possible solution for such a devastating action by ECB? Maybe, if they adopt a centralized currency it may cure the damage. What are your views? How has this action of ECB, affected countries which had bailed out from the program?