"Bitcoin Hasn't Bottomed Yet" - Best For Long-Term Investments

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.

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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.

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We saw prices of Bitcoin plunge to a "10 percent decline" this 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:

'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.'

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?!

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