Hey guys. I currently have a little over 2btc at my disposal. I was wondering what the safest and best way to flip that into 4btc, and the 4btc into 8btc, etc. I really want to save up for a powerful ASIC, and am stumped as to how to turn this into more. I've tried exchanges, but end up losing more than I gain. Im looking for a solid and sure way to make coin off of what I have currently. Thanks!
Anyone who knew how to do this wouldn't be telling you how ... they'd be too busy doing it themselves. And the opportunity is likely limited, so telling you forces them to share.
But seriously, this is what I would do: Open an account at 796xChange and wait until you see an extreme high or low in BTC price, and then load up on the weekly futures, long or short, for the bounce/retreat. You can get 10x leverage there, so with a 10% price move you double your money. Of course if the btc price moves 10% in the wrong direction you are wiped out.