How to turn 100,000 into 1,000,000 in the crypto world?
The first method: turning 100,000 into 1,000,000, a tenfold increase!
The second method: doubling 100,000 once to get 200,000, then doubling again to get 400,000, and doubling again to get 800,000. After three doublings, you are close to reaching 1,000,000.
Most people think of the first method, but most who have already made money are using the second method.
It's important to understand a formula: Earnings = Principal ✖ Volatility ✖ Time. For example, with a principal of 100,000, if it increases by 100% in one year, then after a year the principal becomes 200,000, a doubling.
Currently, a common tactic in the crypto world is to amplify volatility, such as buying highly volatile altcoins that can rise 50% in a day and also be cut in half in a day; or using leverage to amplify volatility, for example, if it rises 5% in a day with 10x leverage, then the daily earnings become 50%.
Since you've thought this through, only buying spot assets and not wanting to amplify earnings through increased volatility, there are only two methods left: one is to choose altcoins, and the other is to extend the time.
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