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

[Compromise me]

There are different account in bank each account of bank are fixed interest rate and bank provide own customer security and liquidity.
Cryptocurrencies have big whales like Bitcoin holders. Cryptocurrencies have the potential for high profits but they are not fixed. This is the difference between  crypticcurrencies and bank . crypto currency has risk and bank has no risk.

[tjtonmoy]

The only thing that seems somewhat similar between traditional banking and whales in crypto is in terms of profit-making. Low interest on saving and high interest on lending is the way banks make profits. In the case of crypto whales, they buy in the dip at a low price and sell them when the price is high. That's their way of making profits.

Other than this, I can not find any other similarities between them. The banking system is an organization that is controlled by multiple entities. on the other hand, a crypto whale is a single person (in some cases could be a group of people) working alone on their own. They do not provide services as the traditional banking system does.

Differences are a lot but similarity is only one which is also not 100% accurate. So I won't say that they do not have any differences. They are different in many ways.

[Unbunplease]

The only thing that seems somewhat similar between traditional banking and whales in crypto is in terms of profit-making. Low interest on saving and high interest on lending is the way banks make profits. In the case of crypto whales, they buy in the dip at a low price and sell them when the price is high. That's their way of making profits.

Other than this, I can not find any other similarities between them. The banking system is an organization that is controlled by multiple entities. on the other hand, a crypto whale is a single person (in some cases could be a group of people) working alone on their own. They do not provide services as the traditional banking system does.

Differences are a lot but similarity is only one which is also not 100% accurate. So I won't say that they do not have any differences. They are different in many ways.

Crypto-whale can quietly issue its own cryptocurrency and make it recognizable. Banks have to operate with currencies for which there is demand. They can't create the demand themselves. Banks are run by a state-owned bank, and Crypto-whale does what it sees fit.

[Vishnu.Reang]

There are only one difference between banks and crypto whales one is supervised by government and another one is decentralized and not backed by any government. Regulated banks offer stability and security, cryptocurrencies offer decentralized transactions and the potential for financial freedom. Banks are controlled and supervised by government, but Cryptocurrency are decentralized and not backed by any government. The whales are big bag holders of bitcoin and they earn money with the investments they have made into it.

[Wimex]

The difference between these two is very big, the only similarity they could have is that both manage large amounts of assets, one with a centralized currency and the other in a decentralized way, and yet, only in this same comparison can their distinction be noticed. Banks are entities that function by controlling people's money and they do so with restrictions on transactions and with such high interests that it could be said that they take advantage of the work of citizens to obtain income, while whales are a totally separate issue they are investors, who base their profits through strategies and studying the volatility of the cryptocurrency market, so they do not get their money from others, but from the assets they have available and the work they do to get and accumulate bitcoins, so both  way they get their assets and the strategies they use are totally different.

[odunybiz]

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.

[Vaskiy]

Banks were like a crowdfund where the banks collect the money of people and have control over it. In other terms the banks do business with people's money and generate revenue.

With big whales on the crypto market, with the big holdings in their wallet they try to have control over the market. This is possible to some extent, beyond that the market doesn't react. Here the manipulation happens, but the control is very limited as common holders have realised the market and doesn't react to the panic statements out of the whales.

[Asuspawer09]

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 big difference in that, banks are earning on investments, and interest and use the money that you save for them and invest it in other stuff that could possibly generate money, I mean whales are different they will not give you a loan something like that they are just people who hold a big amount of bitcoin I mean yeah they buy and collect bitcoin and possibly manipulate the market since they have a big amount of bitcoin. These whales are just investors like us as well, banks are different because it's an institution. I mean banks are centralized platforms compared to whales that hold cryptocurrency that is decentralized, you could probably say that they both have a huge amount of assets buts that's the only similarity that I can think of.

I mean we can't really trust both the banks and the whales, banks are just no use since the money you save doesn't really earn a good amount of interest on it as with inflation it just wasn't recommended, whales as well hold a huge volume of cryptocurrency so it just makes the investment risky because when they sell it is going to make a huge effect on the market making it drop a huge percentage.

[Swordsoffreedom]

I mean we can't really trust both the banks and the whales, banks are just no use since the money you save doesn't really earn a good amount of interest on it as with inflation it just wasn't recommended, whales as well hold a huge volume of cryptocurrency so it just makes the investment risky because when they sell it is going to make a huge effect on the market making it drop a huge percentage.

There is no reason for us to trust banks or whales because their purpose is the same as ours is to earn money to take care of life. No one is good enough to help others without getting benefits for themselves, if in their position, we would do the same as them, all need money.

But I disagree with you saying that banks are useless. Do you use banking in your life? Banks are more than just depositing money and receiving interest, as you said they are an institution and provide a lot of services to users. If you need to borrow money then only banks and centralized institutions can lend you money, bitcoin cannot do it for you.

[flyingcarpet]

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.

[Asuspawer09]

I mean we can't really trust both the banks and the whales, banks are just no use since the money you save doesn't really earn a good amount of interest on it as with inflation it just wasn't recommended, whales as well hold a huge volume of cryptocurrency so it just makes the investment risky because when they sell it is going to make a huge effect on the market making it drop a huge percentage.

There is no reason for us to trust banks or whales because their purpose is the same as ours is to earn money to take care of life. No one is good enough to help others without getting benefits for themselves, if in their position, we would do the same as them, all need money.

But I disagree with you saying that banks are useless. Do you use banking in your life? Banks are more than just depositing money and receiving interest, as you said they are an institution and provide a lot of services to users. If you need to borrow money then only banks and centralized institutions can lend you money, bitcoin cannot do it for you.

Yeah your right, I guess even though I don't personally like banks it's still a great platform I guess since it is very convenient compared to other platforms and there is nothing really we can do about it because it is a part of how the currency circulates in our country, the easiest way to save money is just to deposit it on our banks I mean it wasn't really a great interest compared to other savings that there was no risk. Here in my country, I could probably find up to 11% interest including the bonuses where you need to actively use the platform in order to get that kind of interest but if you're just going to save your money there, the interest would probably be 2.5% to 3.5%. It wasn't that bad but while you're still saving money it's a good addition I guess. Of course, there are a lot of platforms where you could easily use banks compared to cryptocurrency, and banks/fiat money are just already accepted and trusted by the people, but it is just not recommended to put a big amount of money because we should use our money to work for multiple sources of income.

[Minecache]

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.

[Strongkored]

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.

[dothebeats]

If you look at it that way it may seem like there is a none existing difference between the two, but you have to remember that a bank is a large corporate run by shareholders. Also, it holds a system far wider than a big whale crypto does. Moreover, banks don't just solely depends on money savings and lending, they also have control over other things from their clients.

[Davian144]

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.

Investing in crypto is a personal job for each person who works as an investor, and of course it is very different from saving money in a bank. Because saving money in the bank only hopes for security from the bank, not expecting more profit from them even though the bank can rotate money to other customers. But the benefits will not be the same as when we put money in the bank, because investing is the most effective way to make a profit as long as the assets we invest are the assets that most people are looking for in the long term.

[dothebeats]

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.

Knowing the identity of who we are trusting our money in is really vital. Hence, why banks makes sure to develop a great relationship from their clients to collect feedbacks that strengthens their image to develop a more prestigious title and reputation against their competitors.

[Swordsoffreedom]

I mean we can't really trust both the banks and the whales, banks are just no use since the money you save doesn't really earn a good amount of interest on it as with inflation it just wasn't recommended, whales as well hold a huge volume of cryptocurrency so it just makes the investment risky because when they sell it is going to make a huge effect on the market making it drop a huge percentage.

There is no reason for us to trust banks or whales because their purpose is the same as ours is to earn money to take care of life. No one is good enough to help others without getting benefits for themselves, if in their position, we would do the same as them, all need money.

But I disagree with you saying that banks are useless. Do you use banking in your life? Banks are more than just depositing money and receiving interest, as you said they are an institution and provide a lot of services to users. If you need to borrow money then only banks and centralized institutions can lend you money, bitcoin cannot do it for you.

Yeah your right, I guess even though I don't personally like banks it's still a great platform I guess since it is very convenient compared to other platforms and there is nothing really we can do about it because it is a part of how the currency circulates in our country, the easiest way to save money is just to deposit it on our banks I mean it wasn't really a great interest compared to other savings that there was no risk. Here in my country, I could probably find up to 11% interest including the bonuses where you need to actively use the platform in order to get that kind of interest but if you're just going to save your money there, the interest would probably be 2.5% to 3.5%. It wasn't that bad but while you're still saving money it's a good addition I guess. Of course, there are a lot of platforms where you could easily use banks compared to cryptocurrency, and banks/fiat money are just already accepted and trusted by the people, but it is just not recommended to put a big amount of money because we should use our money to work for multiple sources of income.

I don't like banks either, but we can't help but use them as they are still the backbone of the economy. Like it or not, fiat and banking are already a part of our lives, we still need and use them daily, even if we hate them. Although we already have cryptocurrencies, would you admit to me that, to pay for everyday needs or transfer money to loved ones, you still have to use a bank, not bitcoin? So we should not deny its role and importance no matter how much we hate it.

I don't save with a bank account, because I don't care about that meager profit, and I don't trust enough to give them all the money I have. But I will need them when transferring money or I need a loan.

[dothebeats]

There are different account in bank each account of bank are fixed interest rate and bank provide own customer security and liquidity.
Cryptocurrencies have big whales like Bitcoin holders. Cryptocurrencies have the potential for high profits but they are not fixed. This is the difference between  crypticcurrencies and bank . crypto currency has risk and bank has no risk.

I'd say both have risks, but banks gives more security for their clients and the fixed rate much like you mentioned. Moreover, banks have a set regulations in case of scenarios that may put each clients' money at risk, hence it feels safer.

[tygeade]

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.

I think we could compare banks in fiat world to exchanges in the crypto world. In the end when you are spending your credit card, you give some of it to the bank, the shop gives some of it to the bank, and then shop owner goes spends that and gives some to the bank as well.

As you can see all the money in the world ends up in the banks hands, and they are not like some human who needs to spend, they just collect it forever, hence we keep needing to print money in order to prevent them from having all the money in the world one day. Same with exchanges, when you trade in an exchange, the buyer and the seller both pays. Hence banks are like exchanges if you ask me, the comparison is uncanny and it's very similar to each other.

[serjent05]

If you look at it that way it may seem like there is a none existing difference between the two, but you have to remember that a bank is a large corporate run by shareholders. Also, it holds a system far wider than a big whale crypto does. Moreover, banks don't just solely depends on money savings and lending, they also have control over other things from their clients.

Well, banks are licensed institution and approved by the government to exploit its customer while whales are an individual who has a huge amount of money and is not licensed to take advantage of anyone.  If the government found out that a whale or person manipulated a trade which cause losses to individual then he can be charged of market manipulation and may get imprisoned if found guilty. Though whales owned their money, they are not as free as the banks to exploit other people.