Crypto Basics: A Nontechnical Introduction to Creating Your Own Money for Investors and Inventors

© The Author(s), under exclusive license to APress Media, LLC, part of Springer Nature 2022

S. GomzinCrypto Basicshttps://doi.org/10.1007/978-1-4842-8321-9_11

11. Crypto Investment and Trading

Slava Gomzin¹  

(1)

Frisco, TX, USA

 

Do not store up for yourselves treasures on earth, where moth and rust destroy, and where thieves break in and steal. But store up for yourselves treasures in heaven, where neither moth nor rust destroys, and where thieves do not break in or steal.

—The Bible

Tim Draper, a renowned venture capitalist and crypto proponent, has made a significant investment by buying 29,656 bitcoins confiscated by the US government from the Silk Road darknet marketplace site for $18.7 million ($632 per bitcoin) back in 2014. Even with today's ...