Are there many people interested in buying more Crypto than what they can get?

[Levisto]

I wonder if there would be many people around interested in getting more Crypto than what they are able or allowed to buy,?
Especially for companies the demand seems high generally.

 

[JohnnyDoe]

I would love to buy more crypto than what I am able to!

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[khinkali]

Yes it's‍ leverage.

They can enter some kind of futures contract, where they only stake their own⁠ cash at some high multiple, but they will be stopped out if the price drops.⁤

Or they can borrow some money based on their track record, or by mortgaging their⁣ home. This can be very dangerous. Of course some people get lucky.

Personally I feel⁢ that if you know what you're doing you should just compound and forget about leverage,︀ but most people I know take the opposite view.

 

[Levisto]

yes but I mean people having the money but not the allowance or allocation︀ to purchase

 

[SoNewToAllShit]

You mean you want to borrow money from someone or a bank to buy more‌ Crypto than what you can afford?

 

[Levisto]

no I mean not‍ being allowed or no allocation

 

[khinkali]

@Levisto the people you're concerned about have the money and can't purchase? Are they in‌ jurisdictions that ban crypto? Depending on the country, there are probably various people here who‍ have ways.

 

[Levisto]

Would you be able and willing to go into a JV to‍ do so?

But in general if you want⁣ to purchase Crypto everybody is basically limited in quantity

 

[khinkali]

@Levisto that is very much related to jurisdiction and personal circumstances.

 

[Levisto]

well if you‌ purchased on a platform you know soon the limitations for bringing in Fiat to buy‍ Crypto
as for the JV is a company owner who has good allocations on a⁠ famous exchange

 

[SoNewToAllShit]

is that a problem? You mean, I can't go and buy 1000 bitcoins if I want‌ to do that right now?

 

[diatessaron]

Not really. If you're in that position you can⁠ pretty much have any exchange out there that has a fiat ramp increase your limits⁤ to infinity. Kraken and Bitstamp are the perfect example.

 

[Levisto]

Did you already try to increase your⁠ Fiat allowances? From which country are you?

 

[lostguy]

I can load my kraken account up to 250K euro - they say it can‌ be increased up to 700K euro in kraken.

 

[diatessaron]

I have no limit with Kraken fiat deposits or withdraws. I'm‍ from wherever my job requires me to be.