When you ask how to turn 10,000 into 1,000,000, remember one thing: the crypto world is never a casino. Those who succeed rely on cognitive differences, execution power, and an anti-human mindset. I've seen too many people enter with 10,000 thinking they will get rich quickly, only to end up losing their principal. I've also seen someone multiply the same amount by 120 times in 3 years. The key is not luck but this replicable logic.
The first step is to divide 10,000 into 'three portions.' Put 3,000 as a ballast to buy mainstream coins like Bitcoin or Ethereum; this is your safety cushion. Don’t think mainstream coins rise slowly; in a bear market, they fall the least, and in a bull market, they can double, which is key for you to sleep soundly during market fluctuations. The remaining 6,000 should be split into 3 batches to invest in 'potential tracks'—like the public chain ecology in 2021 or AI + blockchain in 2023. Now focus on projects that can solve real industry problems, such as Layer2 scalability and decentralized storage. How to find them? Check the technical implementation progress in the project white papers, observe community activity, see if any institutions are quietly laying out plans, and don't trust those 'hundredfold coins' in group chats. Finally, keep 1,000 as 'flexible funds' for averaging down during market crashes or testing new tracks; if you lose, it's no big deal, and if you win, you can increase your position.
The second step is to learn the cyclical strategy of 'building positions in a bear market and cashing out in a bull market.' The average cycle in the crypto world is about 4 years; don’t think about chasing highs during a bull market. For instance, in the 2022 bear market, many quality coins dropped by 90%. Those who dared to buy in batches during that time have at least multiplied their investment by 5 times or more. How to judge the bottom of a bear market? Look at market sentiment—when everyone is criticizing Bitcoin as a scam, and exchanges begin layoffs, that’s when you should open your eyes wide. Don’t be greedy when building positions; just choose 2-3 leading projects in one track. More than that, and you won't have enough energy to keep up. When the bull market arrives, like now (assuming it’s in the 2025 cycle), when the local market aunt starts asking how to buy coins and the media is saturated with reports of 'Bitcoin hitting new all-time highs,' it’s time to start selling in batches. Remember, no one can sell at the highest point; make sure to earn what you can rationally understand. For example, if the coin you bought rises 10 times, sell half to recover your principal, let the remaining profit 'fly for a while,' and sell part if it drops by 10%, keeping 10% to gamble for excess returns. This way, you can lock in profits without missing out on the market.
The third step is to amplify returns with 'small positions and high odds.' To turn 10,000 into 1,000,000, relying solely on mainstream coins is not enough; you need 'dark horses' to support you. Ethereum in 2017 and Solana in 2020 are examples that rose from a few dollars to hundreds of dollars. How to catch dark horses? Look for projects that are 'on the eve of a windfall.' For example, if a technology (like cross-chain or privacy computing) hasn't exploded yet but has a coherent underlying logic and a team quietly working, entering at this time has low costs and high odds. But remember, the position in these kinds of coins should not exceed 20% of total funds, and if it drops 50%, cut losses, because you might be wrong; if it rises more than 5 times, start to reduce your position—don't think about 'holding until the end of time.' I invested in a decentralized lending project in 2020; its market cap was only 50 million at that time. I invested 2,000, and a year later it rose to 300 million. After selling half, I recouped my principal, and the rest has multiplied by 20 times since then.
Finally, and most importantly—an anti-human mindset. When 10,000 rises to 100,000, you'll think 'wait a bit longer; it might reach 200,000'; when it drops back to 80,000, you'll panic and think 'is it going to zero?' At this point, follow the plan: sell when it's time to sell, and supplement when it's time to supplement. I've seen too many people turn 10,000 into 500,000, but in the end, greed kept them from running, and they fell back to square one. Also, don't stare at the market all day; the tighter you watch, the easier it is to make erratic moves. Spend time researching projects and improving your cognition, such as reading industry news for an hour daily and analyzing 3 new projects weekly. After six months, your judgment will far exceed those who trade based on feelings.
In summary, the core formula for turning 10,000 into 1,000,000: mainstream coins provide a safety net, potential coins double your profits, small positions chase dark horses for a hundredfold return, and then use periodic rules to control the pace. But don’t forget, the crypto world is always risky; policy changes, technical vulnerabilities, and teams running away can all lead to zero. Therefore, never use living expenses or mortgage money to trade crypto; you must be able to bear losses and only hold onto winnings. This isn't just motivational talk; it's a survival rule I've summarized from seeing hundreds of cases.