Post
Topic
Board Economics
Re: What is the difference between banks and big whales in crypto?
by
Gallar
on 20/06/2023, 08:23:54 UTC
Banks are earning big profit from our deposits, they earn bigger than the interest that we get from our deposit because they put a bigger interest rate through thier borrower's or lenders, i think bank is not too far from big whales in crypto they buy or collect coins in dip and they sell in bull and they earn bigger from the holders that sell at loss  they are almost the same or what? What dou you think?
Banks and big whales in crypto, I don't think have significant similarities. Because the two have nothing in common from any aspect.

When talking about a bank, it is an agency or a financial institution, which collects money from its customers, and this money is used by the bank, for other customers, and basically for the benefit of the customer. Such as being distributed to all existing ATM machines, or when a bank customer wants to apply for a loan from the bank. While the term whale exists in the crypto world, it is not an institution or company, but a whale is an individual who invests or trades in crypto and has large capital and all of this capital is invested in crypto. Whales are also usually able to control one particular crypto asset price, all because of the money capital owned by the whale, and directly when the whale wants to manipulate one of the crypto prices, of course it can. Because the crypto they have, far more than other crypto investors.

So it's clear that the two are very different, and have nothing in common.