Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
A hundred thousand in the crypto world, wanting to turn it into a million, there are basically two approaches.
The first is to bet directly — pick a coin, aim for a tenfold increase in one shot, and go all in. It sounds exciting, but honestly, the success rate is painfully low.
The second is the path most people who make money take: first double the money to reach 200,000, then double again to 400,000, and a third time to hit 800,000. With three steps, a million is just around the corner.
The key is this formula — return = principal × volatility × time. Taking 100,000 as an example, if it can increase by 100% in a year, it naturally becomes 200,000 by year-end, doubling the investment.
Currently, retail traders in the crypto space usually follow two common strategies: one is chasing those highly volatile altcoins, which might jump 50% in a day or get cut in half; the other is using leverage — a 5% gain can be amplified tenfold with 10x leverage, instantly turning into 50%. It sounds like quick profit, but the risk of liquidation is also high.
If you want to be more cautious and avoid leverage or other methods that amplify volatility, there are only two paths: one is to select truly promising quality coins, and the other is to give it enough time to accumulate slowly. The core logic is simple, but in reality, not many people stick with it.