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

[Synchronice]

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?

There is a difference, you can't become a bank and can't offer loan/deposit to people assuming you are not a multi billionaire. But in crypto, it's different, no one stops you from buying coins during dip and selling them when they are expensive, you can even do margin trading and short sell during bear run.
But in reality, I think you should compare banks to exchanges like Binance because these exchanges sometimes manipulate futures market and liquidate users assets. In futures or margin trading, every whale can fail if exchange wants so.

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[CarnagexD]

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?

Here's a simple analogy, "All banks can be a whale, but not all whales can be a bank."

A bank can be an investor putting a large sum of funds in crypto and moving the price. But not all large funds can have the authority handled by the banks. Being a whale is just a term used for market participants who have millions of dollars in exposure that would make the price of any coin move impulsively. Banks are there to centralize and regulate the money of those people who trust them. Whales depend on the market and financial environment to make money trading higher or lower.

[fullhdpixel]

I think the difference between banks and crypto whales is that banks are usually corporate organizations that even have their own government behind them to help them, so in times of crisis, the government can help them a bit. Crypto whales are usually individuals who hold a large amount of cryptocurrency and do not share it with other individuals or organizations.

In addition, in terms of profits, banks have to distribute profits to shareholders according to the proposed discussion; besides, whoever holds more shares will get more profits. As for the crypto whales, they will make a profit for themselves. Whether they lose or gain, they will bear it on their own and not share it with anyone else.

Whale are often seen as individual. Maybe most of them but there might be whale which has a lot of connection and they might have an organization to make their activities more successful. There are many people who use banks up until now so I think banks earn more profit than in whales but the only problem is their profit is divided on different people.

Other than share holders banks also need to pay their workers and pay the expenses to operate the bank. Banks are useful but whales? I think they aren't totally. They mostly think about themselves, manipulating the market recklessly and those who do business here are badly affected.

[TheUltraElite]

The main difference is that banks are controlled by government while whales are private individuals like you and me. In some countries, banks deposits are insured as well till certain amount.

Banks and whales are not comparable at all. Banks give loans, take deposits. Whales buy/sell asets on a large scale and use that to manipulate the market. One does it for their and public's benefit while the other only wants to profit from the market movements. Whales are also loan sharks but that number is limited and they are usually predatory in nature.

Besides banks have a lot more number of services to provide, whales are not intended for that.

[Paul Pogba]

Banks and whales in crypto are of course 2 different things, banks have strong legality and work according to state regulations so that banks always get support or assistance if they experience liquidity difficulties, while whales in crypto are investors who have large capital and can control prices .

[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?

That is right banks are earning big profit from our deposits compare to the interest that we get from them. Banks and big whales are far different from each other. Banks are traditional financial institutions that is regulated by the government and of course they have strict rules and regulations that they must follow. Banks provide different kinds of products and services including loans, savings account and investment accounts. However big whales in crypto are the individuals that hold a large amount of crypto currency and they are not regulated by the government and they are not connected to the traditional banking system.

[Cryptmuster]

Banks and whales are not comparable at all. Banks give loans, take deposits. Whales buy/sell asets on a large scale and use that to manipulate the market. One does it for their and public's benefit while the other only wants to profit from the market movements. Whales are also loan sharks but that number is limited and they are usually predatory in nature.

Besides banks have a lot more number of services to provide, whales are not intended for that.

Yes, the difference seems too big to be compared. Banks accept money on deposits in order to make money on issuing loans, but at the same time they give part of the profit to depositors, in addition, banks are entire structures with great functionality, and the whales are aimed only at making a profit from the transaction, while trying to manipulate the market if possible , or a separate coin.

[19Nov16]

When I went to school, the easiest thing to measure a country's economic condition was to look at the performance of the banks, if the performance of the banks was good, the economy would be good, in countries that had problems with the economy, banks also had problems, for example, there were many banks that collapsed because they did not have a capital ratio, too many credit problems. big and so on, banks certainly have a big role in building the economy and this is what we are waiting for after the presence of cryptocurrencies.

[slapper]

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?

That is right banks are earning big profit from our deposits compare to the interest that we get from them. Banks and big whales are far different from each other. Banks are traditional financial institutions that is regulated by the government and of course they have strict rules and regulations that they must follow. Banks provide different kinds of products and services including loans, savings account and investment accounts. However big whales in crypto are the individuals that hold a large amount of crypto currency and they are not regulated by the government and they are not connected to the traditional banking system.

Isn't it a hoot? Both banks and the big fish of the crypto pond might appear to be in cahoots, racing together towards a common finish line: cheddar city (and I'm not talking cheese)! Their tactics, however, are as divergent as a penguin and a peacock. Banks? They're the Grandmasters of the financial chessboard, strictly abiding by the rulebook, each move as calculated as a master's thesis. Crypto whales? They're the wild cards, the daredevils, ready to turn the ship upside down, boldly going where no man – or money – has dared to venture.

Sure, let's be crystal clear: the game in Bankville is about safety first, slow and steady. They've got rules, red tape, the full Monty. And the crypto Leviathans? They’re charting their own course in a sea of digital currency. Regulations? As useful as a chocolate teapot, they're playing a freestyle game. Today they’re snapping up low, tomorrow they might be offloading high. Talk about a financial rodeo!

But hey, don’t get your wires crossed. Crypto isn't a walk in the park. It's more like blindfolded bungee jumping! It's a wild ride where the next twist and turn is anyone's guess. So, buckle up and pick your lane wisely

[Kadal Ijo]

Banks and whales in crypto are of course different things, like we know that the rumor that prices are controlled by whales has been around for a long time, but because crypto is anonymous this is very difficult to prove, I'm sure there are hundreds or thousands of whales backed by big funds to control the market and of course the main goal is that they get profit when the price is pump or dump.

[axxo]

These two are very different entities the banks and the big whales in crypto. Banks are traditional financial institutions that offer a wide range of services, including savings accounts; loans, credit cards, and investment products. They are regulated by the government agencies and are subject to strict compliance requirements. While Big whales in crypto refers to individuals or company that hold a large amount of cryptocurrency. This individuals can influence the price of cryptocurrencies through their buying and selling activities, and they often have significant control over the market. One of the difference between banks and big whales in crypto is their level of regulation. While banks are subject to government oversight and must comply with the range of regulations, big whales in crypto operate in a largely unregulated market. This lack of regulation can make the crypto market more volatile and unpredictable than traditional financial markets. Banks are typically open to anyone who meets their account requirements, while big whales in crypto often require significant financial resources to participate in the market.

[Davian144]

Banks and whales in crypto are of course different things, like we know that the rumor that prices are controlled by whales has been around for a long time, but because crypto is anonymous this is very difficult to prove, I'm sure there are hundreds or thousands of whales backed by big funds to control the market and of course the main goal is that they get profit when the price is pump or dump.

The ability of the whales cannot be denied because besides they have a great level of knowledge in terms of investment and trade, they also have enormous capital capabilities so it is only natural that they can dominate the market. And I think it doesn't need to be proven because it's clearly seen when some of them (the whales) start selling their holdings to the market, the price of certain assets or the assets they sell immediately drops sharply even though at other times the assets they sell it can increase again with a higher level of purchases through other whales.

[Outhue]

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 could be happening already, who knows? But there is nothing to prove here that Banks are investing money in Crypto, I think they understand the risk between crypto investment and Stock investment and I am aware of their involvement in the Stock market, they do use deposits from customers' fixed accounts to invest into Stock market, Robert Kiyosaki revealed something like this in one of his videos too, the Banks outsmart the masses, that keeping money in the bank is the best practice for the people, they promised them some percentage per year but they already knew what they are going to do with the customers money.

[Faisal2202]

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?

How can they be the same? the working mechanism and earning mechanism of both parties are totally different, Whales earn from the crypto market, by buying low and selling high, and there are other small strategies included too, such as when they want to buy they dip the market collectively as they have formed collusion and when they want to dip market they short it and when they fill up their bags, and they do know after filling bags market will take an upswing, they long the market.

And, banks, earned in various ways, like from bonds money, tax money, fee money (which we have to pay on each transaction), interest money they earn and many banks do make a statement that they do not use customer's money but many still do, they invest in startups from the customers and investors money and earn profit out of it.

The working of both parties is totally different, so they are not the same but to some extent only, because Whales manipulated the crypto market and banks manipulated the world's (traditional) market.

[Gallar]

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.

[smile1218]

Big whales and banks both hold a big amount of wealth and assets but of course both have difference with each other. A big whales in crypto are typically individuals or company that have invested heavily in cryptocurrencies and hold a large amount of digital assets. Banks on the other hand are financial institutions that provide a range of services including holding deposits, lending money and facilitating transactions. Big whales in crypto operate in a decentralized market while banks is regulated by government and financial authorities and must follow the strict rules and regulations. Big whales in crypto have the potential for higher profit on their investments due to the volatility of the crypto market. Banks offering more stable returns.

[Aanuoluwatofunmi]

Banks and whales in crypto are of course 2 different things, banks have strong legality and work according to state regulations so that banks always get support or assistance if they experience liquidity difficulties, while whales in crypto are investors who have large capital and can control prices .

They are two different categories and has different ways of operations, banks are dealing with fiat currencies in most cases where cryptocurrency is not allowed by their government to be operated through banks, banks also have the regulation of government controlling them as a centralized authority guiding their affairs, while crypto whales are individuals or institutions that have a large holding of cryptocurrencies in their wallet, what makes them different is when they have these asset on a decentralized wallet but when they are centralized with them, they are custodial holders securing with exchanges and exchanges are similar to banks.

[gantez]

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?

This is the same with those who run telegram group that are bringing crypto community in one group and give them some orientation and after sending them to sell or buy the coin that they selected for them because they will have profit on it if they dump as the price go down because they will wait and buy them all back. This is also what the bank is doing. The bank loan the customer money and charge high interest from them also .

[Unbunplease]

Big whales and banks both hold a big amount of wealth and assets but of course both have difference with each other. A big whales in crypto are typically individuals or company that have invested heavily in cryptocurrencies and hold a large amount of digital assets. Banks on the other hand are financial institutions that provide a range of services including holding deposits, lending money and facilitating transactions. Big whales in crypto operate in a decentralized market while banks is regulated by government and financial authorities and must follow the strict rules and regulations. Big whales in crypto have the potential for higher profit on their investments due to the volatility of the crypto market. Banks offering more stable returns.

In my opinion, the big whales are those who can directly influence the cryptocurrencies they own. They can quietly manipulate them. On the other hand, the banks own the currencies. They can influence the rate, but they still have to look back at others.  So the ability to manipulate is one of the main differences.

[axxo]

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?

Well banks and big whales in crypto are two different entities. Banks are traditional institutions that provide a wide range of financial services including loans, savings accounts and investment products and they are regulated by governments and are subject to strict rules and regulation. While big whales in crypto are individuals that hold large amounts of cryptocurrencies. Those individuals can impact the price of cryptocurrencies by buying or selling in large amount. Big whales are not regulated by government and they can operate in a large unregulated market. One of the difference also is the transparency of the transactions because in bank they transactions are mostly known by the government while in crypto they can do transaction anonymously.