Bit Dawg

Bit Dawg

I write about Bitcoin and Dogecoin in simple, digestible words.

Ms. Janet Yellen - Bitcoin is Less Speculative than the US Dollar

23 Feb 2021 1 minute read 1 comment Bit Dawg

 Ms. Yellen:  You state that Bitcoin is speculative.  I ask you. What is more speculative. Bitcoin or the US Dollar? An algorithm like Bitcoin that is mathematically set at 21 million shares, creates an immutable ledger of transactions, is cryptogra...

Janet Yellen - Clueless on Bitcoin

23 Feb 2021 1 minute read 10 comments Bit Dawg

BitDawg barks “Ms. Janet Yellen is clueless on Bitcoin!”  She said it is inefficient. But then in the same statement said the Fed should get a digital dollar for its efficiency.  Woof.  Rurh?   First, Ms. Yellen needs to look up Lightning Net, which...

Three Reasons to Buy Dogecoin

22 Feb 2021 1 minute read 7 comments Bit Dawg

Wow.  What an amazing run on Bitcoin since Bit Dawg wrote "Top Ten Reasons to Anchor to GBTC."  I guess every dawg has his day.   Well, Bit Dawg needs another bone.  He's ready to nip the shorts ankles with your help. Three Reasons to acquire Doge co...

Problems Fixed by Bitcoin

5 Dec 2020 3 minute read 1 comment Bit Dawg

What problems does Bitcoin fix?   Before investing, I recommend you ask yourself what problems does what I am putting my money into fix? 1.  Cooking the Books.  As I mentioned in an earlier post I was an investor in 2008.  In 2008, many investors had...

Bitcoin: The Ultimate Disruptive Technology, Possibly Ever

3 Dec 2020 2 minute read 1 comment Bit Dawg

One this is for sure.  Bitcoin’s early adoption is like a Phoenix rising out of the ashes.   However, this is only the beginning. I predict Bitcoin will not only make banks, auditing, and accounting firms (in their current state) irrelevant, but will...

Bit Dawg Barks About BIG Dawgs

2 Dec 2020 1 minute read 0 comments Bit Dawg

Bit Dawg is barking loud to bullish Bitcoin investors.  Bit Dawg is licking them on their face!  BIG Dawgs are steadily warming to Bitcoin.  As you know, Bit Dawg LOVES Bitcoins.   They are the best chewy bones ever!  HOWEVER, now the BIG Dawgs want...

Governments and Banks Don’t Get Bitcoin

1 Dec 2020 1 minute read 3 comments Bit Dawg

Although governments and banks are about to launch their own versions of Bitcoin, they simply don’t get it.  Bitcoin was created to avoid the governments and banks.  Banks take your money, charge you fees to take your money, profit off your money, or...

Bitcoin is NOT a Ponzi Scheme

30 Nov 2020 1 minute read 0 comments Bit Dawg

Critics call Bitcoin a Ponzi Scheme.   A simple Google search defines Ponzi Scheme as “a form of fraud in which belief in the success of a nonexistent enterprise is fostered by the payment of quick returns to the first investors from money invested b...

Top Ten Reasons to Anchor to Grayscale Bitcoin Investment Trust (GBTC)

29 Nov 2020 2 minute read 1 comment Bit Dawg

I have 30 years of investment experience.  For me, I found that picking a stock, buying in increments, and holding through volatility produced the most gains.  I give my Top Ten reasons to buy and hodl Grayscale Bitcoin Investment Trust (GBTC).  Thes...