The most straightforward way is to engage in contract trading. If the judgment is accurate and the timing is right, plus a certain level of leverage, even if it’s not the highest leverage, you can achieve exponential growth through continuously rolling over the principal. However, in practice, market fluctuations are far more complex than imagined, and a reversal can directly wipe out positions. Moreover, most people earn money by luck, and eventually, that money will be lost back due to bad luck. This doesn’t mean contracts cannot be done, but they require very high risk control and execution ability, with a very low tolerance for error.
Another approach is the so-called **'dog fighting'** strategy. This involves preemptively laying in wait for certain small cryptocurrencies, waiting for the day they explode and surge, achieving 10 times or 100 times the return. There are indeed successful precedents for this method, and many people have crossed into the 'A8' level (million-dollar assets) through this way. However, those who can hit such cryptocurrencies usually have a very strong market sense, on-chain tracking ability, and even special sources of information. Even if ordinary people watch the market every night and look at charts every day, the probability of actually hitting an opportunity remains extremely low. It may seem on the surface like 'buying at the bottom and getting rich', but behind it hides countless nights of staying up late, trial and error, and pitfalls.
This is the cruel side of the cryptocurrency world: you see others getting rich quickly, but few tell you the level of uncertainty and the cost of failure they have endured for it. Many times, you see them enjoying the fruits, but you don’t see how they were beaten in the past.
For ordinary people, rather than fantasizing about getting rich, it's better to change the way of thinking. Start from reality and first understand your own risk tolerance. If the principal is not much, you can start with some zero-cost or low-cost projects, such as participating in platform activities, airdrops, on-chain interactions, etc. Although these returns may not be high, they are more suitable for learning and doing simultaneously, gradually building your own cognitive system and market sensitivity.
Once your understanding of the cryptocurrency world is deep enough and you have accumulated a certain amount of funds, real opportunities will naturally come to light. At that time, you will not only have the qualification to 'place bets', but also the mentality to 'not act rashly'.
So don't ask questions like 'how to turn a few thousand into a million' anymore. The cryptocurrency world is not without opportunities, but the real key is: can you live long enough, learn fast enough, and see clearly enough? Those who can survive in the long term are often the ones who truly make money.