Billionaire Bull Novogratz: Bitcoin Will be the ‘Biggest Bubble of Our Lifetimes’ [And That’s Okay]

Billionaire investor and hedge fund manager Mike Novogratz has made the claim that ‘bitcoin will be the biggest bubble of our lifetimes.’

Speaking at a conference in New York on Tuesday, Novogratz explained that there is a lot of fraud in something that’s ‘exciting’ as the crypto market, reportsCNBC, adding:

I think this [crypto] is going to be the biggest bubble of our lifetimes by a long shot. To be fair, this is a bubble and there’s a lot of fraud mixed in. We look at tons of projects. And some get funded, and they literally look like Ponzi’s.

However, unlike critics who have said dismissed the digital currency as a speculative bubble, the former Fortress manager wasn’t using his bubble comment as a negative connotation. In October, during an interview, Novogratz was asked whether bitcoin’s gains constituted a bubble. Even though he replied in the affirmative, he added that this wasn’t necessarily a bad thing, adding:

Historically, manias or bubbles happen around things that fundamentally change the way we live. If it’s the railroad bubble or the Internet bubble, it really changed the way we live.

He added that in 10 to 15 years the blockchain and decentralised systems would be in use everywhere, claiming that this bubble is ‘going to be the great manias of all time.’

Since October, bitcoin has not onlyscaled the $10,000 milestone, but it’s continuing upward trajectory has pushed it up to its current value of $11,147, according to CoinMarketCap, pushing its market total to $185.7 billion for the first time.

The comments from Novogratz, who has compared to bitcoin to digital gold, come at a time when he recently stated that bitcoin could ‘easily‘ reach $40,000 by the end of 2018. Furthermore, he was reported yesterday as saying that the digital currency market cap will reach $2 trillion at the end of next year. At present, it’s worth an impressive $339.1 billion, making it more valuable than Visa and theBank of America. Slowly, but surely, it’s steadily gaining on the market cap of JPMorgan Chase, at $343 billion, who’s CEO called bitcoin ‘a fraud‘ in September.

However, while Novogratz believes that the cryptocurrency will reach $40,000 by the end of 2018. he doesn’t think that the journey will be smooth sailing.

He added:

There will be wild crashes in it because you’re going to get to levels so far ahead of where the technology’s at. It makes investing really, really exciting, but difficult.

Since the beginning of the year, bitcoin’s value has, so far, increased by more than 1,000 percent.

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Gold Club Ecosystem is the first multi integrated platform open to third parties, ideas, programs, product and services that will empower members of her ecosystem financially, socially and economically.

By means of training, mentorship, updated information and partnership with third party programs and opportunities we seek to reach every African to take advantage of the e-space and become an entrepreneur. Gold club is committed to empowering its members by providing an enabling platform to achieve the above said objective. By means of these trainings and mentorship programs, we also seek to help members be able to have a residual flow of income and create sustained wealth.

• Discount service empowerment through the use of her discount card. The discount value enjoyed from using our discount card over time makes membership activation FREE.
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7 NIGHTS OF POSSIBILITIES

Churches have a lot of programmes during this season to the extent that people don't know which one to attend. My prayer for you is that after reading this article may the Holy Spirit quicken your mortal bodies to believe the content and at the same time participate fully. Old time faith ministries is synonymous with 7 nights of possibilities in the city of Port Harcourt, but permit me to say that the uniqueness of this programme is on the 

theme: "FREEDOM FROM WATER SPIRIT". Water spirit had caused a lot of problems to humanity.

These spirits live inside the water. It might interest you to know that about 72% of the whole earth is covered by water, there is water above (And God made the firmament, and divided the waters which were under the firmament from the waters which were above the firmament: and it was so.Genesis 1:7) and water under the earth (Thou shalt not make thee any graven image, or any likeness of anything that is in heaven above, or that is in the earth beneath, or that is in the waters beneath the earth: Deuteronomy 5:8). Moreso, the human body is composed of about 53% of water.

72% of the whole earth is water, water on the land, water under the earth and human body is composed of 53% of water. That's serious!!!

There is new revelation the Lord has given to me concerning this wicked spirit that had caused a lot of problems to humanity. In this programme, all shall be unveiled. Tell all your friends about the programme. Send them our online TV address (www.livestream.com/oldtimefaithtv) so they can watch the programme live from any device, tell them that there shall be Revelation, Impartation, Healing, Purity and Deliverance

TESTIMONY

Time and space will not allow me to share with you God's mercies in our midst

Here is a pretty woman who attended our 7 nights of possibilities testify what the Lord had done for her in the presence of the mamont crowd. She said that she hated her husband that loved her so much and bought a car for her. According to her she said that the husband was carrying her like egg but she hated him with abject hatred, she was much happier when her husband travelled. She wished he was not around.

During one of the nights of 7 nights of possibilities, the topic was on war against water spirit. After the spiritual fight (prayers) in the church, in the night when she went back to sleep, a huge tall man came to her in the dream and told her to give him his ring that he could not withstand the fire anymore and that he was no longer interested in the marriage.

The man collected the ring and left and when he was going, in that dream she was begging and calling the man to come back and the man angrily left and she woke up and discovered it was a dream. It was done on her that all these years it was the spirit husband that had been causing all the havocs in her marriage.

It was like veil went out of her, she began to love, cherish, respect her husband like never before. According to her she said, any time her husband was not around she was missing him. With joy in her heart and gratitude to God she returned the glory to God who delivered her from this wicked spirit.

I don’t know what you are going through in life, read the following and if you discover any of such in your life then your must not miss this programme:

1. Did your grandparents serve water spirit?
2. Do you make love in the dream with a person or even a snake?
3. Do you see yourself stark naked and you cannot tell who removed your clothes on the bed       at the middle of the night?
4. Do you see yourself on the floor while your spouse on the bed in the middle of the night?
5. Do you swim in the river in your dream?
6. Did somebody put wedding ring in your finger in the dream and since then you have been       finding it difficult to marry or do you have a feeling of ring in your finger?

7. Do you see your period in the dream and few days later it comes out physically?

8. Do you see anything red, like blood, red oil, red cloth in the dream and few days later you       see your period?
9. Do you have beautiful sisters or handsome brothers that cannot marry?
10. Do you breast feed a baby in the dream or give birth while physically you are not                     pregnant nor have a baby?

11. Do you see a personality in the dream that says unless you worship me, you will not make       it in life?

12. Do you experience miscarriages upon miscarriages after somebody used the face of your         husband to make love with you in the dream?
13. Does your husband fall sick during your ovulation period or during that period                         misunderstandings from nowhere sets in until the period is over and peace returns?  
14. Are you being chased anywhere you go by men even though you are ugly, married or               single?
15. Is poverty or near success syndrome taking place in your family? and many more.

Date: 18^th - 24^th April 2016

Time: 8pm to 2am Nigeria time. (GMT +1)

Venue: OLD TIME FAITH MINISTRIES. Nnodi street by chief ogbuga off eastern bye pass ogbunabali port harcourt, Rivers state Nigeria or any off our satellite churches closest to you. 

Join us live on livestream.com/oldtimefaithtv. 

Once again be reminded that in this programme there shall be REVELATION, IMPARTATION, HEALING, PURITY, RESTORATION OF LOST GLORIES, PREPARING THE SAINTS FOR HEAVEN AND ONE ON ONE DELIVERANCE. I am looking forward to seeing you there.

Pastor Walter O. Zach (General Overseer)

                          (HOST)

Does Character Really Determine Our Success In Life?

We usually don’t think of character as having a direct effect on our successes or failures. But when we consider the individual qualities that together make up a our character, we can easily see that it does.

Students can often succeed with better grades by being diligent to study and work problems every day and by showing endurance when he/she is tired and would like to quit.

Magic Johnson, one of basketball’s all-time great players, developed his skills in part by practicing every day as  youth. He demonstrated determination and persistence.

Abraham Lincoln became President after repeatedly losing elections for lower offices. His character was such that he would not give up.

There are endless examples… how attention to detail has made the difference, how diligence has paid off, how a person’s dependability has put them in line for promotion.

There also are many, many negative examples. Richard Nixon’s failure to be truthful eventually led to his downfall. O. J. Simpson’s apparent lack of self-control caused extreme problems for him. A student’s lack of diligence led to him not being able to complete his course of study.

What Can We Do To Improve Our Character and Become More Successful?

Benjamin Franklin designed for himself a plan for building character that certainly seems to have been successful in many respects.  He identified thirteen character qualities that he felt he needed to improve in his own life and he devised a method of focusing his attention on each of those qualities for one week at a time. Thus, during a year’s time, Mr. Franklin would go through his entire list four times. (Click here to read Benjamin Franklin’s Autobiography online for free.)

From Benjamin Franklin’s plan we learn the value of focusing our attention on one character quality at a time. During that time we should seek to understand as much as possible about the character quality – what it really is, how it has been illustrated in positive and negative ways in history, how it can be applied to our own life situations. We should also attempt to live our lives as if we fully possessed the character quality upon which we are focusing. We should be aware of how the character quality (or the lack of it) is demonstrated in the lives of those around us and evaluate the results and consequences we see in their lives.

Each of us can, as Benjamin Franklin did, undertake to improve our own character. We can intentionally seek to build good character qualities into our lives and the lives of our family members.  Like Benjamin Franklin, we can study one character quality at a time and apply what we learn in our lives. (The best tools I know of for studying individual character traits are the character bulletins published by Character First!)

We can certainly demonstrate good character on the job and in our community and encourage others to do the same. We can recognize the vital importance of character to the success of our lives, our businesses, the organizations to which we belong, and to our country and world, and we can seek to influence the part of the world that we touch to become involved in developing better character. Many resources are available to us. If we will use them, we can make a difference our own lives, in our families and communities, and, ultimately, in our world.

Real Self Improvement Is Character Improvement

How character affects the world around us.

The World Needs Better Character! Today’s world faces many difficult problems. Escalating crime, drug and alcohol abuse, workplace violence, gang activity, vandalism, school dropouts, deteriorating work ethics, domestic violence, juvenile delinquency, racial tensions, broken families … The list seems endless.

At their root, all of these problems spring out of the lack, or mis-application, of good character qualities. If we are to find lasting solutions to the problems of our day, we must deal with these roots! We must work to improve our own character, teach good character to our children, and help those around us to improve their character! Character development is essential to the ongoing success of our society. That is why Character Education is so important. Character truly is the Key to Success!

Businesses Need Employees with Good Character Qualities

The character qualities of the people in a business have everything to do with the success or failure of the business.  It affects productivity, profitability, and ultimately even the success or failure of the business.

Understanding Character

Your character is a set of beliefs that define what sort of person you are. It determines whether you will effectively achieve goals, be forthright in dealing with others, and will obey the laws and rules of the group.

Your opinion of another person's character is based on the impression the person makes concerning his or her attitudes or actions toward things you value.

Although character is related to personality, it is not the same thing. Personality is primarily inborn traits, while character consists of learned behavior. Both may vary with the situation or circumstances.

Character traits are learned from parents, friends, and experiences in the form of "rules" of the right way to behave. Sometimes rules that are taught are wrong and can actually harm the person in the long run. There can also be extremes in good character.

There are three classifications of character: personal, social, and cultural character.

Questions you may have include:

• What is character?
• How is character learned?
• What do the three classifications of character mean?

Character based on beliefs

A person's character traits are beliefs concerning the "right way" to act, behave, or conduct him- or herself.

Behavior traits

Character is a set of learned behavior traits that determine how a person will typically react in certain situations. They are attitudes formed of how to respond to challenges, people and their property, and rules.

Character defines the inner nature of a person and how he or she acts or responds in different situations:

• How would the person respond to a situation or challenge? Would he be determined or easily discouraged?
• How does the person act toward other people? Is she honest or does she deceive them?
• How does the person respond to a rule or law? Does he obey it or disregard the rule?

When confronted with a difficult task, a temptation, or a situation controlled by a rule, what does the person do? Character will determine whether what he or she do will help or hinder things.

Compared with personality

Character is not personality. Personality is a set of characteristics that influences the way a person thinks and acts.

People seem to be born with certain personality traits or tendencies. Some people appear to be shy, while others seem outgoing and talkative. Some people seem to be leaders, while others are analytical in their thinking.

Character is attitude

Whether a person has an introvert or extrovert personality, his or her character is determined by attitudes toward doing difficult tasks, dealing with other people and following cultural rules. These attitudes show the type of person he or she is.

You learn the rules of character

Your character traits are beliefs concerning the "right way" to act, behave, or conduct yourself, based on rules you learn or are taught from parents, friends, and experience. You believe those actions will benefit you. Unfortunately, you can learn the wrong rules from other people.

Examples of positive rules include:

• Always do your best
• Honesty is the best policy
• You help yourself by helping others

Examples of rules or beliefs that ultimately can cause problems include:

• Don't worry about being late
• Do as little as possible
• There's nothing wrong with pilfering things from work

Good character traits are those you want others to have in dealing with you. Although being lazy or dishonest may suit you fine, such a negative character traits can cause trouble when dealing with other people. Also, you do not want others to have such negative traits in dealing with you.

Character applies in three areas

There are three classifications of character: personal, social, and cultural.

Personal character

Personal character primarily consists of attitudes toward activities and work. Positive traits include being the type of person who is hard working and someone who is determined to achieve a goal. Negative traits include being a cowardly person and someone who is disorganized.

Social character

Social character traits consist of attitudes toward other people and their property. Positive traits include being an honest person and someone who is helpful. Negative traits include being an insulting person and someone who is unreliable.

Cultural character

Cultural traits concern attitudes toward the laws and rules of groups, organizations, and society.

Religious group

Religions have a set of rules or commandments that their members are expected to follow. They may include positive personal and social character rules, but also include rules specific to the religion, such as forbidding eating certain foods.

Business

Business organizations have special rules that employees are expected to follow, such as a dress code and ethical issues.

Community

Communities, states, and countries have laws that should be upheld. A person will a negative cultural character may often disregard or break the law.

What Abraham Lincoln Said About Character…

Abraham Lincoln said, “Reputation is the shadow. Character is the tree.“ Our character is much more than just our reputation, what we try to display for others to see.  It is who we are even when no one is watching. Having a Good Character means doing the right thing just because it is right to do what is right.

The Dictionary Definitions of “Character”  

One dictionary defines character as “the mental and moral qualities distinctive to an individual.” Another says it is “the complex of mental and ethical traits marking a person.” In still another dictionary, character is said to be “the stable and distinctive qualities built into an individual’s life which determine his or her response regardless of circumstances.”

How Character Determines Success In Life Our Character Is What Determines How We Respond to the Situations and Circumstances of Life

The dictionary definitions said character is a “complex of mental and ethical traits“, that those traits, or qualities, are “distinctive to an individual” and that they are “built into an individual’s life.” It is those character qualities, those character traits, that determine a person’s response in any given situation. For example, a person in with a strong character quality of truthfulness is much more likely to accurately report the facts in a given situation than a person who tends to be characterized by deceptiveness. Someone who has the character trait of alertness will be more likely to be a better, safer, driver than a person who does not see or recognize the potential dangers around him (carelessness). A person with the character quality of tolerance will be more accepting of others – less prejudiced.

Success or failure in any situation or endeavor depends, more than anything else, on how we respond to events and circumstances.  It follows that it is our character that determines our success.  Of course, that doesn’t mean that “good” people will always experience more “success” than “bad” people.  There are, however, some character traits that tend to lead to “success” and others that tend to produce “failure.”  The question is, “What are the “good” character qualities, and what are “bad” qualities?

Summary

Your character is a set of beliefs that define what sort of person you are. Your opinion of another person's character is based on the impression the person makes concerning his or her attitudes or actions toward things you value.

Although character is related to personality, it is not the same thing. Personality is primarily inborn traits, while character consists of learned behavior.

Character traits are learned from parents, friends, and experiences in the form of "rules" of the right way to behave.

What character do you traits do you posses? Make good use of your inherit character...