Or you could try trading some of the more stable altcoins with 2-5x leverage (well it allows up to 10:1).
Cryptomargin.com allows for the trading of alts, short and long with leverage. You can also invest some of your alts and gain a decent daily interest.
Now you might also want to go mainstream and trade Bitcoins. Bitcoins is the most liquid cryptocurrency. And okcoin futures is the most liquid futures exchange. We're looking at 100 million usd worth traded every day and sometimes even more on extra volatile days. Futures is slightly different then spot so be sure to do your research. Okcoin.com futures offers leverage up to 20x. You can probably start trading with 0.02 btc.
And then there are binary options. These can be quite a useful tool for making profit if you understand the bitcoin market. I'd recommend using Coinut.com . You can click the link in my signature. What's interesting about coinut is that unlike other sites there is an order book to trade these binary options. In my opinion this means you can get a much better deal and you'll get better odds.
You also get more flexibility. There are multiple timeframes to choose from and there are multiple strike prices you can do. (You bet on higher or lower than the strike price). At other sites you can only use the current price for a strike price. With coinut you can choose out of the money options for cheaper contracts or you can do in the money ones that you're sure about for 5-20% gain. And as usual make sure you wait for good trade setups, you don't always need to be in a position.
I'm just outlining some other methods to make money through Bitcoin other than alts. Bitcoin futures and Binary options might not be the tools for you but good luck on your endeavour in the crypto space.
You would really want to be sure you know what your doing, or practiced many times to do 10 to 1.
That just seems like a heck off a leveraged bet. But I guess huge potential gains aswell.
Yeah well its mainly for short term trades and its useful for Dogecoin because it doesn't really move around a lot.