Post
Topic
Board Economics
Re: What is the difference between banks and big whales in crypto?
by
Minecache
on 21/07/2023, 10:05:08 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?

The biggest difference between banks and Bitcoin whales is that while Bitcoin whales do not share, banks share their profits. Of course, this situation does not change my negative point of view towards banks. As we have seen in the recent economic difficulties, banks did not support people especially in lending. Despite making the biggest profits in their history during the Covid period, they did nothing about support. This was the situation in my country.

It may not be right to compare bankers and Bitcoin whales, but what they both have in common is that they play a decisive role in the market.

When you make a profit from your investment or from your work, are you willing to share it with others? I mean, banks have no reason to support anyone because they are businesses, not philanthropists. You ask them for help just makes me feel like you want to rely and rely on others rather than trying on your own.
If we know that life is getting harder and harder, why don't we try to achieve the same achievements as they have and prepare well for the future? Until inflation and crisis return, we won't be in trouble anymore.