This is a good way to lose all of your money in the span of a few minutes or hours. OP does not understand basic statistical probability. Losing does not make your chance of winning increase.
My roommate lost all 4 of his bitcoin doing martingale in coinroll.it after seeing me win $80 in 20 minutes. Of course I only bet what I could afford to lose. He was rather upset though and after probability kicked his ass he stopped using BTC 
As a side note, this betting system is actually quite amazing with bitcoin because it eliminates two of the big downfalls of doing it in casinos: time and table limits.
Now if only you had an infinite bankroll
