Last week we found out that Bitcoin would not survive an apocalyptic scenario...

This week CNBC reported that "Bitcoin HASN'T bottomed yet". Ran Neu-Ner, who is the CEO of The Creative Counsel and a cryptocurrency trader, stated that Bitcoin will plunge even lower.

Ran Neu-Ner also stated that a key amount to watch for was $5,000 because...

...that's where the miners look at this and go, 'Is it actually worth keeping the machine on?' At about $5,000, if we don't get a turn up, then we may see a very different game in mining.

'We can't break out of that downward pattern,' he said. 'We can't break the 8,000 or 8,500 level with convincing volume.'



Regardless, the early investor of bitcoin said now is a good time to buy bitcoin, 'If you believe in the long-term of blockchain.'



Day traders looking for quick returns might have better luck in other sectors, Neu-Ner said. But investors looking over three to five years should buy, or at least hold, bitcoin, he said.



'It could go to 20, 30, 40, [or] 50,000,' he said. 'Then no one cares whether you bought it at 5 or 6.'

We saw prices of Bitcoin plunge to athis past Sunday which was the lowest amount seen in the past two months to just about $6,600! This was due to the South Korean exchange hack. CNBC continued to report what Ran Neu-Ner discussed:

As discussed before, cryptocurrency investments should be considered for the long-term. Many advisors and experts out there have been talking about this. GODcoin has also been stating how it is vital to surviving the long-term by investing in asset-backed cryptocurrency which is exactly what GODcoin is providing. Even though the amazing 40% token bonus is over for the ICO, the link to purchase GODcoin is still available on the website here. What better time than NOW?!