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Having been rooted in the crypto market for many years, I have seen legends of sudden wealth and also blood, sweat, and tears from huge losses. Every time a newcomer asks me "Can I turn three to five thousand yuan into 1 million?", I always answer: It's difficult, but not impossible. It all depends on how you choose and what you are willing to endure.
Today, based on years of observation and actual data, I will lay out the three most common paths.
**Path 1: Dollar-cost averaging into mainstream coins — Using Time to Gain Space**
This route is suitable for working professionals who don't have time to monitor the market daily and can't tolerate large fluctuations.
The logic is simple: Capture the long-term growth trend of leading assets like Bitcoin and Ethereum, regularly buy in fixed amounts to spread out costs, thus avoiding the pitfalls of market timing.
How to operate? Divide your principal into 96 parts (roughly a 2-year cycle), and invest a fixed amount weekly. Allocate 60% to Bitcoin, 30% to Ethereum, and the remaining 10% to platform tokens or similar assets. Turn off push notifications from trading apps to avoid impulsive actions during short-term volatility. Historical data shows that dollar-cost averaging into BTC can yield annualized returns of 30%-100%, but you need to stick through a full bull and bear cycle, which takes about 3 to 5 years.
The most heartbreaking part is: Suppose you invest 100,000 yuan, and with a 20x increase in a bull market, you could end up earning 2 million yuan. But in reality, 90% of people can't endure the torment of a bear market; they either make small profits early in the bull market and rush to sell. This path relies not on technique but on human psychology — you need to be patient when greedy, and persistent when afraid.
**Path 2: Airdrops + New Coin Listings — A Battle of Cognition and Execution**
This route is aimed at those who understand some technical aspects, are willing to dig deep into overseas information, and have strong execution skills.