In the cryptocurrency world, one year is like ten years in the real world, it's not just talk.
How to turn 100,000 into 1 million in the crypto world?
The first method: from 100,000 to 1 million, a tenfold increase!
The second method: 100,000 doubles once to become 200,000, then doubles again to 400,000, then doubles again to 800,000. After three doubles, you're close to 1 million.
Most people think of the first method, but most who have already made money have used the second method.
You must understand one formula: Profit = Principal ✖️ Volatility ✖️ Time. For example, with a principal of 100,000, if it rises by 100% in a year, then after a year, the principal becomes 200,000, doubling.
Currently, the common method used by retail investors in the crypto space is to amplify volatility, such as buying highly volatile altcoins that can rise 50% in a day and also can be halved in a day; or using leverage to amplify volatility, for example, if it rises 5% in a day with 10x leverage, then the daily profit becomes 50%.
Since you have already thought this through, only buying spot and not wanting to amplify returns through volatility, then there are only two methods left: one is to choose altcoins, and the other is to extend the time.