The EFT and ETF thing is causing a lot of confusion.

[carlisle1]

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

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 

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.

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

[Bonheur]

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.

[kabir ullah]

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

[ETHTachometer]

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.

[GazorpPozorpec]

I stopped him and explained that a EFT Electronic funds transfer is the

electronic transfer

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.

[levvv]

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. 

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.

[Pump N Dead]

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. 

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.

[Teawhalee]

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

[Kertmu]

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. 

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.

[target]

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.

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. 

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.

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

[boakyei]

  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.

[jamesbondbd007]

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.

[painkiller321]

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.

[sidneycrypto6]

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.

[ogabonny]

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

[cryptocooper57]

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

[YellowRose]

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.

[Hydroid]

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.

[FruitSprite]

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.

[Brutea]

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.