What is the difference between banks and big whales in crypto?

[MiF]

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?

[Wiwo]

The difference between the bank and the crypto whale is that, banks are centralized and operate on shared interest and banks controlled the entire banking decisions of how much they pay to depositors, but a crypto whale is an investor who holds a big bag of coins without control on the amount other shareholders received since the price of the coin determines the amount in interest to coin holders.

So bank centralization vs whale decentralized investment:

While banks controlled the total cash flow.

the whale is an individual investor with control over the cash flow since crypto is decentralised.

[WillyAp]

Well banks offer a wide range of financial products a whale does not provide.

[Mate2237]

Op there is a very big different between these two guys. Bank is a corporate entity which individuals have their share in the corporation which known as shareolder in the system. But whale in bitcoin is a sole Investor who invest in bitcoin with his own money and have the profit by himself without sharing it with anyone. The profit whales make is not comparable to the banking officials. The Banking profile is shared among the shareolders which probably 60% private and 40% government. But whale acquire all alone.

[BIT-BENDER]

I don't see how there is a similarity between banks and big Whale in Crypto-currency they are totally not similar, a bank is an institution where one can go to and deposit their funds, Crypto Whales can be an individual or group that own a large amount of a particular coin in their possession.

Bank: an institution where you go to consciously not under duress to deposit your funds.

Whales: are individual who actually uses there own funds to make purchase.

Banks: centralized institution that can make use of that your funds you deposited with them to make profits for them self and also have great control and usage over your own funds.

Whales: crypto is decentralized so Whales has more control over their own portfolio especially in Bitcoin and can have access to any other person's crypto-currency.

[boyptc]

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?

Whales aren't financial institutions but they're like just us that are individual players on this market. While the banks are financial institutions and they've got a lot of source aside from the deposits that they get from their customers for which will be used for loaning.

As the whales, we don't really know what they do in real life. They could also be the banks, another financial institution but we'll never know who they really are.

From what we've known, they're just the typical big investors that do manipulate and influence the market and what they do isn't different from what we do of buying low and selling high.

[TimeTeller]

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?

Whales aren't financial institutions but they're like just us that are individual players on this market. While the banks are financial institutions and they've got a lot of source aside from the deposits that they get from their customers for which will be used for loaning.

As the whales, we don't really know what they do in real life. They could also be the banks, another financial institution but we'll never know who they really are.

From what we've known, they're just the typical big investors that do manipulate and influence the market and what they do isn't different from what we do of buying low and selling high.

There's difference as we don't know exactly the identity of the whales. We are just speculating on who they are.
Also, as mentioned, they seem to be moving on their own as individual players. So we can't determine where they are heading next.
Which means, they don't have concrete path to go to, their movement is more fluid as it depends on the market scenario.
Whereas, banking institutions have their own target before they get into this market as the decision is not only handle by one person but a group of individuals.
Hence, the time of getting decision is not the same with whales. They can't decide on their own as they have others to think about.

[Nwada001]

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 differences are totally clear, just as other members have outlined them to you. I don't even see any form of similarity between those two.

Banks, as we know them, all their funds belong to their customers, which means that banks are gambling with their customers money, putting other people's money at risk just to make a few bucks from them.

Whales are gambling with their hard-earned money, putting their own assets on the risky side, which is for the greater good; if they lose, it's their money and not others funds.

Banks sometimes fall into bigger problems when almost all their customers want to withdraw their funds all at once, and they won't have enough funds to cover all depositors.

Whales always have a mapped-out plan on how they want to use their funds since it's their personal money that's invested; they already know where those funds are, and as such, they won't want to make any rash decisions about withdrawing in a bad market condition. I just mentioned a few differences between banks and whales; their methods of profit are different. Whales take all their profits to themselves, but banks keep a huge part and share the rest with depositors.

[panganib999]

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?

Quite the contrary. Banks could sell all their massive holdings and leave, all because they know that they are the very reason why money is made. Whales in crypto are held by the neck by the economy and the people that is involved. The moment that they sell their holdings, they will carry with market crashes of magnanimous amounts which could kill the very asset that they kept alive for so long. Plus, these whales (at least I hope) didn't come from cheating and stealing and lying their way to the top of the market share. They became the way they are because they believed in the coin and held on for dear life even though it takes years for fruit to fall down the tree. I don't need to say how greedy and manipulating these banks are, which are the cause for their rise in power. So as you can see, they are not the same in any way whatsoever.

[smile1218]

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 are traditional financial institutions that are duly regulated by the governments and they provide a wide range of financial services like savings, checking account, loans and credit card. While the so called Big Whales in the crypto industry are the individuals or entities that hold large amounts of crypto currencies such as Bitcoin, ETH and other crypto currencies. Bank are subjected to government regulations while big whales can operate decentralized and unregulated market or anonymous.

Banks earn profits by charging higher interest rates on loans compared to the interest they pay on deposits. Big whales buy crypto currencies when the prices are low and sell them when the prices are high, earning profits from the price difference. Banks and big whales in crypto operate in different market and the are subject to different regulations.

[Texac]

the whale is an individual investor with control over the cash flow since crypto is decentralised.

what evidence shows you that whales are individual investors? They can also be an organization, a group of people with much money playing together.  sharks can be anyone as long as they have a lot of money and have the ability to manipulate the market.  one more thing, the crypto industry is not decentralized, only bitcoin is the only decentralized coin of the entire crypto market.  The rest of the altcoins are centralized, just like traditional banks and institutions.

[boyptc]

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?

Whales aren't financial institutions but they're like just us that are individual players on this market. While the banks are financial institutions and they've got a lot of source aside from the deposits that they get from their customers for which will be used for loaning.

As the whales, we don't really know what they do in real life. They could also be the banks, another financial institution but we'll never know who they really are.

From what we've known, they're just the typical big investors that do manipulate and influence the market and what they do isn't different from what we do of buying low and selling high.

There's difference as we don't know exactly the identity of the whales. We are just speculating on who they are.
Also, as mentioned, they seem to be moving on their own as individual players. So we can't determine where they are heading next.
Which means, they don't have concrete path to go to, their movement is more fluid as it depends on the market scenario.
Whereas, banking institutions have their own target before they get into this market as the decision is not only handle by one person but a group of individuals.
Hence, the time of getting decision is not the same with whales. They can't decide on their own as they have others to think about.

I think if it's all about path, they've got clear paths on what they want to take. They're eager to just win their trades and take over those weak hands money as they really are the targets of them.

And for a whale, I am sure that they won't boast that they're a whale even those known crypto personalities that have been known to be holding a lot. They don't boast themselves that they're a whale or they can be a par with the assets or be considered wealthy as a banking institution.

There's really a huge difference on them but comparisons are way far from each other.

[romero121]

In simple banks just collect the deposits made by the common people as pennies and give as loans to the millionaires and billionaires. They just keep on investing and grow their wealth whereas the common people suffers when we get to know some of the millionaires business have bankrupt and escaped (went away from the country). What they've done indirectly affect country's economy that directly injects the common people.

When it comes to whales in the cryptomarket, they try to manipulate the market and profit. This happens to some extent as the market is speculative, beyond which the market doesn't let them have the influence.

[adaseb]

I don’t think banks and whales are really that alike. Most whales take risks and they earn their profits with investing. Banks don’t do that. They generally invest in extremely safe assets like bonds. How many whales do you know that both bonds which yields 0.5%? Probably none.

Yes the savings we get from banks is low. That’s why many people just send it to a money market fund. And this is why the deposits are declining from many banks especially the small ones. Why keep it there and risk a bank run and get paid nothing in interest.

[noorman0]

First, I need to know what is your perspective on whales specifically. Maybe you think of those who have a large amount of crypto, but that doesn't mean that one of the sources of their wealth is not from a centralized business that is no different from a bank (or worse). Call it CZ, do you think he's a whale?
Banks can transparently extort their customers with centralized policies, but whales can stealthily rob several crypto users at once in many ways.

[Kakmakr]

Bitcoin whales does not loan money to anyone and charging them interest on the outstanding amount. They are just traders with a lot of coins, trying to make some good profits by buying low and selling high.

This is no different than anyone that are buying and selling on the Stock exchange or on the Forex markets. People are labeling whales as some evil entity, but they are just early investors or rich people, trying to make more profits.

[retreat]

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?

They are different. Whales are whales and banks are banks, they are two different entities, the only thing they have in common is that they are related to the economy. When the whales move, the crypto economy can be affected, and so can banks, when they go bankrupt or when the central bank raises interest rates it will affect a country's economy and it can also affect the crypto economy. Moreover, whales usually influence the crypto market significantly more than banks which do not, but if the bank becomes a crypto whale it will be a different story. And many other differences and therefore the two entities are different.

[ancafe]

Banks are a system controlled by the government while PAUS are more independent and move according to their own instincts and analysis in playing their role. That means banks and Whales are different?

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

That's how banks make profits and without us they would never survive in a centralized financial system, they expect a return on the savings of their customers and the loans they give to people. Playing with interest rates from administrative fees, loan interest and savings, but this system will stop when these three aspects are absent.

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?

Whales are more independent and individual, they don't use other people's money to buy bitcoin, but actually use their own money under any circumstances so there is a big difference between Whales and BANK.

PAUS are also the same as us who buy bitcoin but the difference is that they are able to play a bigger role with the amount of finance they have, that's why they are called PAUS who have their own role in playing market conditions but they are also unable to regulate bitcoin prices.

[Davian144]

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?

I wouldn't consider them to be the same in any way nor in this, because basically they both have the ability to buy and persuade other people in certain things. But every final decision is always up to each person to believe or not, because banks that offer deposits based on the services they have for customers to use will always promote this to everyone so those who are interested in this promotion will definitely become the bank's customers.

As for the whales in the crypto space, they are simply taking advantage of the moment of price dips to buy on holders who are already panicking and no longer willing to hold on for long. And in this case it can be concluded that the whales were not wrong because they only made offers and carried out their strategy, the rest returned to the holders who panicked when they saw a decline in market prices. Because those who sell it are also based on their own decisions, not on the basis of other people's decisions.

[TheUltraElite]

Whales take advantage of the market movements but banks are not playing with our money in all cases. Both are totally different from each other and although you can compare like that, it does not make sense.

If you want to win against the whale you just have to play against it. Buy when they sell and sell when they buy.

Banks are essential establishments that you will need to survive in a fiat world and keep fixed deposits or recurring deposits in. Use  them as per your need in order to complement the shortcomings of crypto.