If the crypto world wants to go from 100,000 to 1,000,000, it may seem distant, but there are actually only two paths.

First: directly catching a tenfold rally, taking a giant leap. Honestly, such sky-high opportunities do exist, but ask yourself—how many times a year can you encounter such chances? Most people miss that moment and instead get caught up in the market, becoming the bagholder.

Second: steady compound growth. Turn 100,000 into 200,000, then 400,000, and finally 800,000—three doubles are enough. It may not be as exciting as the first path, but this is the most probable approach.

Many people fall into the same misconception—focusing all day on the first path, chasing high-leverage contracts and aircoins daily, and in the end, not only failing to achieve tenfold gains but also losing their principal. Behind this is a mathematical model of returns worth pondering: Return = Principal × Volatility × Time. To increase returns, it’s simply a matter of adjusting these three variables.

With only 100,000 in capital, there’s limited room for action. So many focus on volatility—madly chasing high-leverage contracts and going all-in on aircoins—to pursue the thrill of overnight riches. But what’s the result? Volatility is maximized, yet time becomes the biggest enemy—most people won’t live long enough to realize profits before being liquidated.

If you only do spot trading and avoid leverage, the logic becomes much clearer. You voluntarily give up some of the volatility profit potential, leaving only time as your friend. Spot trading boils down to two points:

First: choose the right assets. Avoid those meme coins that skyrocket hundreds of times in a month and then quickly zero out. Look for coins with solid fundamentals, real-world use cases, and the potential to survive the next cycle. Just one or two well-chosen assets are enough.

Second: live long enough. Tripling your investment doesn’t have to be done in a month; taking a year or two to buy time will change your mindset entirely. No need to watch the charts every day, no need to be frightened by liquidation notices—just quietly position yourself when most are frantically trading, then patiently wait.

This path isn’t exciting, but it’s enough to get you to the end. That’s the survival logic of spot investors.