Post
Topic
Board Economics
Re: What is the difference between banks and big whales in crypto?
by
odunybiz
on 20/07/2023, 23:49:05 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?

Crypto whale investment may involve more risk than the banking sector. Bank loan out money for income and almost get back most all loan and interest back but some invest may go wrong when it comes to crypto. Crypto invest involve more research to invest safely but banking just need little or no findings other than your collateral for them to proceed with their transaction with customers.