Can ordinary people make 1,000,000 in the crypto world? This is a heart-wrenching yet realistic question. 1,000,000 is not an astronomical figure, but it is certainly not easily attainable—especially in the high-volatility, high-risk, and high-reward environment of the crypto world, wanting to reach this figure requires a methodical approach and careful navigation through deep pitfalls.
First, assess your 'ammunition stock.' If you only have a few thousand on hand, don’t dream about 'turning 100 times'; that is not trading, but a desperate gamble at the betting table. Making 1,000,000 relies on a foundational strategy + strict execution, not on fanciful dreams of miraculous reversals. Here’s a practical comparison of capital and targets:
With a principal of 10,000, aim for a 100-fold increase.
With a principal of 20,000, aim for a target of 50 times.
With a principal of 50,000, you can reach the target with 20 times leverage.
You must first calculate the 'logical distance' from your starting point to your target, otherwise, you will just be spinning in blind operations, falling into a vicious cycle of 'greed leads to loss.'
Then choose a 'money-making track' that suits you. The ways to profit in the crypto world seem diverse, but they can be grouped into a few trending holdings: most suitable for short-term novices. Pick mainstream coins like BTC or ETH, lay out positions at relatively low levels, and hold tight until the bull market erupts. The cycle may be long, but the win rate is high and risks are controllable. In the last bull market, many people made several times or even a dozen times just by holding onto one coin.
Swing trading: suitable for those with some experience and knowledge of technical analysis. Relying on trend judgment + reasonable profit and loss control, you can carve out short-term profits in a volatile market. For example, capturing 30% of the middle segment in each wave of rise steadily; as long as it works steadily, making 100,000 in a year is not difficult.
High volatility arbitrage: only energetic and sharp individuals can play this. Brick-and-mortar arbitrage, futures spot arbitrage, cross-platform arbitrage rely on information disparity and reaction speed; success depends entirely on execution. Avoid unreliable opportunities.
Low position ambush: suitable for those who love to research and understand value. Identify those undervalued projects with potential and quietly build a part of your position when they are undervalued. Every year, several cryptocurrencies will surge by dozens or even hundreds of times; the question is—can you hold on to them?
5 Small capital gamble: This approach carries an outrageous level of risk. For example, with only 5,000 in hand, if you want to rush to 1,000,000 in the short term, you can only rely on high leverage, heavily invested swing trading, or betting on the short-term explosion of new coins. Some people have indeed succeeded this way, but the failure rate is much higher; those without experience should never try.
More importantly, learn to 'guard your money': risk control and profit taking. How many people clearly made 20,000 or 30,000, but in a moment of greed wanted to push further, only to end up losing both the principal and the profit? What is most common in the crypto world is not that you can't make money, but that you 'made money and then lost it all.' It is advisable to set a clear phased goal: for example, withdraw the principal once you earn 50,000, reduce your position by half when you reach 200,000, and then replan your position once you hit 1,000,000.
Holding onto the profits you have is much more reliable than fantasizing about the next big surge.
Finally, stick to a stable strategy and follow through. Making 1,000,000 relies on proper execution, not luck. Too many people know they are operating chaotically but cannot control their frequent trading and chasing highs and lows, ultimately ending up with a mess. Set strict rules for yourself: for example, no more than two trades a day, absolutely avoid leverage, do not chase hot trends, and review your trading records once a month. These details determine whether you can only make a little money or reach the threshold of 1,000,000.
To be honest: if you really want to make 1,000,000 in the crypto world, don’t expect to strike it rich overnight by luck; you have to build it step by step with principal, knowledge, and strategy. Those who can reach this figure are often not the smartest, but the ones who can hold steady and maintain their bottom line.
Not enough principal? Then focus on developing a strategy to earn enough to reach 100,000 first; sufficient principal? Then be patient and do value investing, waiting for the right opportunity. The crypto world is never short of opportunities; what it lacks is people who can seize them. If you are still confused, it is better to start by solidifying your foundation—when the opportunity arises, you can catch it.
