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January 23, 2026
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Should You Buy Bitcoin [BTC] Over $10,000?

Should you buy bitcoin [btc] over $10,000?

Should You Buy Bitcoin [BTC] Over $10,000?

Should you buy bitcoin [btc] over $10,000?bitcoin has recovered back over $10,000 to around $11,000 at the time of writing this. Should you buy bitcoin [BTC] at these levels? While bitcoin [BTC] continues to surprise, I’d hold off from buying it while it is currently consolidating. Instead, I’m considering a buy stop somewhere between $11,500 – $11,800. Buy stops won’t execute until the price reaches the level specified and work in the exact same way (except opposite) as sell stops.

In the event this fills, I will likely set a sell stop undercutting $11,000 (likely around $10,700 – $10,800) and move that sell stop up to breakeven if bitcoin [BTC] goes above $12,000. I suspect that bitcoin [BTC] will correct at some point over next 2 weeks, but would like to be prepared in event that it breaks out to upside given that it continues to defy logic. I would like to buy bitcoin [BTC] at levels around $8k or lower ideally.

I’m still bullish on Ethereum, namely since it has lost all its prior gains relative to bitcoin [BTC]. The whole market is inflated due to bitcoin [BTC] right now, which I forgot to mention in the video. That means it’s not a bad time to increase your allocation in cash for any correction opportunity. Otherwise, select projects you are bullish on in the medium-term.

I would love to hear your thoughts on the markets currently as always. It’s a tough market to get a grip on given bitcoin [BTC]’s resilience, but I will be patient before pulling the trigger on any buy orders (P.S: I was stopped out at $10,150 on my previous bitcoin [BTC] position). Thank you for watching.

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If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me – everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently.
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My Recommended Hardware Wallets:

If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously – look it up and you’ll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline):

Ledger Nano S: http://amzn.to/2hZPj0q
Trezor: http://amzn.to/2AxD9TN
Ledger Blue (expensive): http://amzn.to/2hk7xst

I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn’t matter which one you go with. Ledger Blue is premium and convenient, but not necessary.
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My Favorite Book for Investing in Crypto:

Cryptoassets: http://amzn.to/2zKDdCF

This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn’t bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest.

It’s a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just bitcoin [BTC]) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc).
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My Recommended Exchanges: Coinbase / GDAX / Bittrex

https://www.coinbase.com/join/5a08b12e305a1401d79d10e0

If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of bitcoin [BTC] using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex.
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Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites.

None of what I provide in my videos is investment advice. Please do your own due diligence.
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Twitter: https://twitter.com/Truth_Investor
SteemIt: https://steemit.com/@cryptovestor
Medium: https://medium.com/@Truth_Investor
Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles

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Ether Review Legal #5?'??'"?'?BernsWeiss Stops the IRS in its Tracks

Lee Weiss of the US law firm BernsWeiss discusses the Coinbase/IRS dispute. The dispute began in November 2016, when the IRS summoned Coinbase to hand over data about all users who were active on the exchange from 2013 to 2015, with a view to investigating the tax compliance of individuals who have transacted in cryptocurrencies.

On behalf of one or more anonymous Coinbase users, BernsWeiss took the issue to court and was recently granted permission to argue against the summons, which among other things demanded access to users?’? public and private keys. If complied with, this would effectively give the IRS access to all customer funds, making it a clear and easy target for hackers.

This is an unprecedented use of the John Doe summons procedure, which was intended for situations where the IRS has identified specific tax avoidance but can?’?t identify the specific parties who have engaged in that illicit conduct. If determined to be legal, this summons would set a precedent under which the IRS could demand the same from other exchanges. BernsWeiss intends to continue fighting this massive government overreach unless and until the IRS can identify a specific subset of taxpayers who it is reasonably certain are engaging in tax avoidance.

After the hearing, the government removed the request for private keys, now only requiring public keys. The IRS also voluntarily narrowed the scope of the summons to only cover individuals who engaged in virtual currency transactions in excess of $20,000 in a given year. This figure is likely arbitrary, and suggests that the government is simply trying to gather as much information as possible rather than engaging in a specific investigation.

This case illustrates the lack of understanding about these new financial instruments within government. With this summons, the IRS effectively places virtual currencies into the ?’?œinherently suspicious?’ tax avoidance category with things like large transactions, questionable tax shelters, and other mechanisms which are clearly designed to avoid taxes and typically don?’?t have a legitimate purpose?’?Š?'”?’?Šunlike cryptocurrencies.

http://www.law111.com/

twitter.com/BernsWeiss

consensys.net

consensysmedia.net

etherreview.info

https://itunes.apple.com//podcast/the-ether-review/id899090462?mt=2

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