In the crypto world, many people ask me the same question: should I invest 100,000 capital directly aiming for a 10x increase to become 1,000,000, or should I double my investment three times gradually accumulating?

It seems like a multiple-choice question, but in reality, the logic behind these two approaches is completely different.

**Those aiming for a 10x increase** usually choose high-volatility assets—some altcoins can surge 50% in a day and then be halved the next, or leverage 10x to amplify a 5% daily return into 50%. The returns sound attractive, but what about the risks? Most likely, the principal will be wiped out entirely.

**Those who double their investment step by step** are different. Doubling 100,000 to 200,000, then to 400,000, and finally reaching 800,000–1,000,000 after three doubles. This pace may seem slow, but most people who make money tend to choose this path.

The reason is simple, applying a basic formula: **Return = Principal × Volatility × Time**

For example, with 100,000 capital, a 100% increase in one year doubles it to 200,000. You don't need to imagine a 50% daily return; instead, you can steadily achieve a reasonable volatility, allowing time to work, and the power of compound interest will naturally manifest. That’s why long-term holders of mainstream coins like $SOL tend to earn more steadily than those who frequently chase high-altitude altcoins.

If you’ve already recognized the reality and decide to only hold spot positions without leverage, the remaining options are two: either bet on promising new coins or extend the time horizon. Most people lack the ability to predict accurately, so extending the timeframe is often the more rational choice.

This is my view on this question.