Bitcoin Forum

I spoke to someone today and they told me that they read somewhere that Bitcoin crashed, because some stock exchanges

does not want to allow Bitcoin EFTs.  ::)  I stopped him and explained that a EFT Electronic funds transfer is the

electronic transfer of money from one bank account to another and a ETF is an exchange-traded fund. { an investment fund

traded on stock exchanges }

The general public is getting confused between ETFs and EFTs now.  ::)  We have a lot of work, guys and gals.  ;D

Last week I read in the altcoin discussion a post from one guy who was saying that you should not invest in the upcoming ETF as it's a scam and he should put his money into ETC.
Initially, I was thinking he is just a spammer but guess what, ETF is also a coin :P

I'm eagerly waiting to see how you're going to explain to the total newbie in crypto about the ETH ETF and the ETF ETF  ;D

Personally, I've never used the term of EFT in my whole life and google has the same opinion, for it, EFT is primarily Emotional Freedom Techniques 

And secondly, why should everybody know about those terms? Less than 0.001% will actually need to know what it means.

For the average person, just tell them that if they aren't heavily involved with with things like stocks and shares, they don't even need to pay attention to ETFs.  It's just a bunch of IOU contracts for derivatives traders and hedge fund managers to gamble with.  Most of the people I know will never go near an ETF in their lifetime and they have very few interests in common with the big institutional investors.  It's like a different world, almost.  Let the "fat cats" have their plaything.  Ordinary people can obtain more tangible benefits by holding real bitcoins.  

I must say you are very funny at the way you arrested the FUD. Some persons just want to hear that something negative has happen to bitcoin or maybe one government from "Cassava Island" has shutdown bitcoin network, and of which they have read is not possible. Today I had a chat with an old time friend whom I told about bitcoin last year and he replied "hey boy this thing will crash". He will be visiting me so I teach him about bitcoin network.

It's too early in the morning to figure out this sentence and I haven't had enough coffee yet  ;D

Actually I am just hearing this and its surprising. I hope this is not going to cause another panic and confusion in the Crypto community. I hope we can have some clear differences between these terms so everyone can know what's being referred to at any time.

Not a big deal after all. If those persons will continue to move forward they will be aware of it soon.

No need to briefly explained what those terms are.

I believed they aren't confused, it's just that abbreviations are mixed up but we should know what they want to deliver.

You can be sure that there is much more confusions for those people, but at least you can tell them such things that are not technical.

I think an ETF being approved for Bitcoin would undoubtedly be a positive thing for crypto in general, as it would give a little more trust to crypto from the bigger investors perspective. That said, why anyone in crypto would actually want an ETF (for themselves) is absolutely beyond me.

 Give me the actual Bitcoin with the private keys every single time! :)

Yes, ETF and EFT are really confusing. Many people think ETF is a coin or a super project. I think people expect so much of it that there's so much news on social media right now.

I don't think we can call it "general public". your own example only mentions one person so you can't make such conclusion and people who don't know the difference between ETF and EFT don't really pay them much attention in first place. and the newbies who follow the hype without understanding are just following the current like a leaf dropped in a river! they know what the FUD of that day is telling them to know.

A lot of people and media are using these abbreviations, because they are simply to lazy to type the whole thing and

obviously  because it is more convenient and it saves time, but the average person on the street gets confused with the

abbreviations that are very similar to each other. The whole concept are lost on someone, if they know very little about the

topic that are under discussion and some of them are also too lazy to dig a little deeper. <They simply read the heading of a

article and assume that they know what it is all about>  ::)

I think that if you go out in the city and start asking people what those two are you won't get more than 5-10% correct answers.

Yeah, the general public doesn't care about those, that's the reality.
Every time I take a break from the forum (as each week I have two 12h guard service) I don't hear anything about cryptos, banking, and others as my friends, my family, my colleagues have 0 to...none  ;D interest in it.

The general public doesn't care about things he doesn't deal with daily. A lot of us get so involved in crypto that we tend to forget 98% of the people out there haven't touched a coin yet.

the general public does not care because they do not understand it, crypto needs to know from the bottom of where it comes out and how the system is, they are reluctant to dig themselves because of the limited time they have

People won't care as long as they're not entirely involved or affected by it, so who cares? We are far from having mass adoption on the general masses and even if we try to educate them to the best of our abilities, how sure are we that they can really grasp what we're talking about? On another note, for anyone who have been in the crypto world for some time now, it would be quite embarrassing to know that some can't differentiate EFT from ETF. It's fairly easy to do a quick search to educate oneself about it, especially if your money is at stake between these two abbreviations.

Everybodys talkin about that ETF thing, Michael Corleone ETF this and Michael Corleone ETF that  ;D Why is that ETF thing so important anyway ? Maybe because large investors cant buy large amounts on exchanges without moving the price up instantly due to relatively small liquidity and with ETF there would be much more volume and huge buy orders wouldnt instantly cause price to go up?

Bitcoin will get over ETF or whatever its called very soon ,Btc is stronger without it anyway,I think people expect so much of it that's why its causing confusions

I have to agree with OP, there are simply too many abbreviations in Bitcoin and also in IT in general. A lot of these abbreviation are also very similar and this is causing some confusion. People like Roger Ver use these similarities too their advantage, like BTC & BCH.  ::)

Let's rather use the whole word and then the abbreviation in ( ) at the start, to avoid confusion.

What in the world? EFT, ETF, ETF coin? This is getting confusing. I honestly only knew about the ETF(Exchange Traded Fund) and never knew anything about an ETF coin or EFT which is why this stuff is getting complicated in my opinion. Just imagine how the newbie investors would feel about this dilemma. The only term that matters to me at the moment is ETF due to the upcoming decision on the ETF proposal sometime in September or possibly by the end of the year.

And it gets worse...
We also have an approved BTC ETN (https://www.bloomberg.com/news/articles/2018-08-15/lovelorn-u-s-bitcoin-etf-fans-may-find-satisfaction-in-sweden) which some might confuse with the ETF but we also have an ETN coin (Electroneum).

As I was saying, it's going to pretty funny waiting for A ETF ETF and for the ETN's ETN.

Really ETF is a coin?damn can't help my self to laugh,I didn't know that theres such a altcoin named after the controversial ETF or exchange.but happy to here this since innocence is wht i am having now


Anyway to OP it was a great privilege to be told about he differences of that both ETF and EFT i owe you one here

The real problem of this market is that a lot of things cause a lot of confusion.
Even if there is no way to predict what the outcome would be in any situation, you can only predict that there will be fud.
Most of us are newbies, most of us don't know a lot about the past and we are just seeing red everywhere, even if there is no cause we are afraid.

Actually, there are many shortforms having many abbreviations in several aspects. These are should be understood by common sense and nothing else. If we start to discuss this matter it will surely not end but create nothing but a hazardous conflict :P

Naturally, those who do not know about this market, they confuse theirs with ETF and EFT. So, as an investor I think we need to have a good idea about these issues, so that we can eliminate confusion from investors and others.

It seems to me that for people who do not understand these terms this is not so important) No need to argue or try to convince them.

Lol. Wtf is ETF? I only know about bitcoin ETF. Sec is delaying the decision about it, and rejected some of it.
Many peoples say it is causing the market crashing. But this could be just the markwt manipulation.

I don't care about this ETF or EFT thing. This FUD will soon be a history and the only people who are affected with this are newbies that get caught in FUD like this. One reason why the market is down is because too many newbies enter the market and didn't know what they are doing.

Personally I am not moved by thus news anymore. We will keep hearing different versions of stories of it while it might be a distraction for us. Lets face our normal business , trade, buy , hold, take profits and enjoy

People are confused because they do not have much knowledge of electronic financial transactions. They have an ETF, and I do not know what EFT is, they just mixed up the letters.

This is just what is said about the professionalism of crypto investors. :-[

There is more to do instead when we thought ETF can make it that people will eventually learn about bitcoin when its finally approved by SEC. The confusion is probably done by those fudsters but whatever they said, its working and they'd probably believe more of it being a scam.


Crashing the market is probably the main purpose of it so that big traders the likes of Goldman Sach will come buying more.

 ;D Yes we have a lot of work even among the trading community, that the Exchange Traded Fund itself is not suppose to be the sole factor in determining price of bitcoins and it has be overrated.

Based on this perspective is very difficult to predict based on this if ETF gets approved this market will balance again and it will be helpful for the investors.

Yes such types of things are really confusing based on this if the ETF gets approval then this market will again stable and this is good thing for market.

Actually this market is unpredictable first of all based on this situation if ETF gets approval then it will be helpful for market and this market will again strong.

They are not even close in meaning, ETFs are exchange traded funds, much like your shares or commodity market. And EFT is transfers as you rightly said

The bottom line is that, if ETF gets approved, the chances are high for the market to be stable again.

To make things less complicated, if the ETF gets an approval from the SEC, then this will play a huge role in making the market stable again.

Kudos to you for at least trying to explain to your friend about the whole situation. To be honest sometimes I get very frustrated when I see people around me who have close to zero idea about how Bitcoin works talk shit about it just because they heard somewhere that it is an instrument for scamming people. But, then again, if we don't clarify it to them, then the mass adoption will never be possible.

You are right, there are still plenty of work to be done by us to educate people about cryptos and how they are actually important for us. Then, they can automatically understand which ones are FUD and how to avoid them easily. People have so many misconceptions regarding Bitcoin and blockchain technology that they have become totally ignorant about such topics.

That is a silly mistake your friend made there but trust me I have seen much educated people having concept like, Bitcoin is something which is used for buying drugs or firearms on dark web. There is a reason behind it to be honest, the bad news travels much faster that good news. It is high time we take the initiative ourselves just to make these people realize that Bitcoin can be used for changing their life in a better way.

Not a major ordeal all things considered. On the off chance that those people will keep on moving forward they will know about it soon.No need to quickly clarify what those terms are. I trusted they aren't confounded, it's simply that shortened forms are stirred up yet we should recognize what they need to convey.

For the normal individual, simply reveal to them that on the off chance that they aren't vigorously required with things like stocks and offers, they don't have to focus on ETFs. It's only a bundle of IOU contracts for subordinates brokers and support stock investments supervisors to bet with.

All things considered, The greater part of the general population I know will never go almost an ETF in their lifetime and they have not very many premiums in a similar manner as the enormous institutional speculators. I trust this wouldn't cause another frenzy and disarray in the Crypto people group.

I have seen similar type of people. The problem they know a little but they shows attitude like they know everything. That's really irritation. And yeah i also think we have lots of works to do.

I simply don't explain these terms to everyone. Those who are not really passionate about cryptocurrency won't be able to understand these things probably. So it is worthless to teach them from my opinion.

I had this confusion at the very beginning. But then i did research about these terms and clearly understood them. The main problem is most of the people don't wanna do some research.

It’s really very confusing. Even I was reading the post like ETF and ETF thing. People who are working in this field for long time also get confused with these two.

I think people are not confused at all. It’s just they mistakenly pronounce it wrong. They just mixed up the abbreviation. It is not a serious issue at all.

There is nothing to be confused. I don’t why people are talking about these. If anyone get confused they have not gather much knowledge about crypto currency. It’s really lame.

They have rejected the initial application with the SEC but their decision seems declined this time. Hoping they gonna accept the next application on next month. If you find the more question on various places just give this as a answer mate.

If you see the people keep asking repetitive things you can share the link to this thread or news about it.

Really, these are the most confusing words in the crypto world. Most of the people are getting confused with these two words. Thank you to explain properly about ETF and EFT.

I think the people those who are not involved with stock exchange business or stock exchange, they don’t have to think about ETF. Because ETF is related with stock exchange only. They should know about EFT only.

ETF and EFT are confusing words and most of the people think that is a coin like other cryptocoin. Thanks for giving the description. I think the people will have no more confusion about these.

From someone I came know that bitcoin crashed, because some stock exchanges do not want to allow bitcoin EFTs. I stopped him and explained that an EFT electronic fund transfer is the electronic transfer of money from one bank to another and an EFT is an exchange traded fund.

My wish is that Bitcoin was not involved even in the ETF in the first place. This ETF brouhaha for this past few weeks has really affected the crypto community badly. We hope we see a good sign sometime very soon.

Some persons just want to hear that something negative has happened to bitcoin or maybe one government from "Cassava Island" has shut down bitcoin network, and of which they have read is not possible.

It's obvious that most people lack then necessary technical knowledge when investing.

Ask in whatever exchange which amount of the investors are really experts and know exactly what they are doing.

This is why bankers started the service of handling investments for people charging them fees(sometimes hidden fees). Saving the necessity for people who don't want to learn those things by putting some college graduates handling the investment(That is the only merit they normally need).

It's the same in every investment. Same exact pattern.

I hope we can have some clear differences between these terms so everyone can know what's being referred to at any time. Let’s see what happen.

I don’t understand why people get so much confused with these two. It surely indicates their inadequate knowledge of crytocurrency. I hope they learn something about it

I think it’s not a big deal as both are accepted on different forums. But still correct one is preferred more as we can it creates a lot of confusion between two

These abbreviations are truly confusing as they have same letters. People need to be careful while using them because ETF and EFT point to things which are quite different from each other.

ETF stands for Exchange Traded Fund and EFT stands for Electronic Fund Transfer. First one is related to stock market and second one is used in banking. You are required to pay attention while using them. I hope this will help.

EFT refers to Electronic Fund Transfer which is not quite used in cryptocurrency talking. On the other hand, ETF refers to Exchange Traded Fund is now one of the most talked topic of the cryptocurrency.

yes I have been hearing about this news from past few weeks and to be honest I am also worried that this confusion could create a serious effect on the investors decision, so now I would hope that soon this confusion will be clear among the investors

ETF are exchange trend fund. it is more effective and useful for cryptocurrency. it will be help to collect a very good ICO. but i have no idea about EFT. that's why it makes confusion. i want to know more about this.

ETF are more essential for crypto and it will be help to collect good ICO for a project. its play very good role for crypto but i have no idea about EFT. its may be FUD or anything else. i want to know more about this.

ETF are more essential for crypto and it is more useful to get a good ICO for a good project. its play a good role for project.but i have doubt about EFT. i want to know more about this.

ETF news in several months make cryptomarket confution and many peoples panic because ETF thing. I think ETF is not everything for cryptocurrency market, in past several years, cryptomarket can stand without ETF and i am believe we should not expecting much on this ETF thing

Yes, many people ask this question. Its very simple EFT stand for electronic fund transfer and ETF simple a coin. So its very simple for me you can easily find out the difference through internet.

I am also surprised to hear you and there is a sufficient difference between ETF and EFT it should not be confused together. I hope all must have a clear idea about EFT and ETF.

ETF and EFT are completely two different issues, where ETF is Exchange Trade Funds and EFT is Electronic Fund Transfer. So, we should have a correct and clear idea about these issues.

These abbreviations are truly confusing as they have same letters. People need to be careful while using them because ETF and EFT point to things which are quite different from each other. :)

Some people state opinions without having background knowledge on what is being discussed.

And that can lead to mixups like ETF and EFT.
Same way most people mixed up USDT and USD today

the more reason shy the ETF is causing more and more confusion is because of the continuous postponement of the verdict on the bitcoin decision to be made. loads of investors are waiting to hear something about the bitcoin fro the ETF and if the ETF doe not make a decision is keeps them in an unstable position and then they appear confused. that is where the contention is.