Post
Topic
Board Economics
Re: What is the difference between banks and big whales in crypto?
by
Strongkored
on 21/07/2023, 12:06:03 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?
It looks the same but it's not, because banks are institutions that use other people's money to make a profit by offering services whereas whales are more for individuals and the money he uses is his own and the profit he gets is not because he offers services to other people but sees opportunities from bearish or bullish times but both have the same orientation namely profit, and the bank's profit is to continue developing their business while the whale's profit is to make them richer because assets increase, but both are trying to get richer.