Crypto Terms:
Letter E
What does ELI5 mean?
Meaning:
ELI5 -
is an acronym for “explain to me like I’m five”. It's a request to simplify a concept.
Let's find out ELI5 meaning, definition in crypto, what does ELI5 mean, and all other detailed facts.
ELI5 is an acronym for “explain to me like I’m five”, a phrase often used on various online platforms, particularly among the crypto community. The phrase is often used in discussions about complex terminology and concepts.
Since the crypto ecosystem is constantly evolving and adapting new technologies, there can be many misunderstandings or concepts that are difficult to understand without the right context. The use of the phrase ELI5 helps slow down the discussion and clarity project details in a digestible way.
It is alleged that the phrase originated from a quote by Albert Einstein, stating, “If you can’t explain it to a six-year-old, then you don’t understand it yourself.” The quote means that a person who has a good understanding of a concept or any other thing should be able to explain it in the simplest way possible so that even a child can understand it.
The acronym is also related to a quote from the American TV series The Office where the phrase “Why don’t you explain it to me like I’m five” was frequently used. Since the show was airing around the inception of blockchain technology and cryptocurrencies, it is likely that the phrase entered the online lexicon from there.
fundamental analysis<\/strong><\/a> or comprehensive research.<\/li>\n<li><strong>The semi-strong<\/strong> level of information implies that all public information has been included in the pricing. Thus, <strong>even the fundamental analysis is useless <\/strong>in this case. The advantage over the market can only be gained by using confidential information. To be more precise, using information, which is not available to the public yet.<\/li>\n<li><strong>The<\/strong> <strong>strong<\/strong> level of information implies that all public and private information is represented in an asset's price. This level implies that <strong>no market participant can get an advantage with any type of knowledge. <\/strong>This is the case because the market has already considered it all.<\/li>\n<\/ul>\n<p>Though keep in mind that apart from the fact that EMH is a well-known theory, its validity is not yet properly verified or denied by empirical data. However, many people believe that a variety of emotional factors could cause stock undervaluation or overvaluation.<\/p>","definition":"an economic theory that implies that any information about the price of an asset can be accessed in financial markets at any time.","status":"published","meta_title":"What is Efficient Market Hypothesis (EMH)? Definition & Meaning | Crypto Wiki","meta_description":"Efficient Market Hypothesis (EMH) meaning: Efficient Market Hypothesis (EMH) - an economic theory that implies that any information about the price of an asset can be accessed in financial markets at any time.","meta_keywords":null}"
:model="{"id":299,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Slang","level":"easy","author_id":1,"created_at":"2023-06-19T06:58:59.000000Z","updated_at":"2023-11-04T07:35:51.000000Z","slug":"what-does-eli5-mean","title":"What does ELI5 mean?","section":"E","keyword":"ELI5","content":"<p><strong>ELI5<\/strong> is an acronym for “<strong>explain to me like I’m five<\/strong>”, a phrase often used on various online platforms, particularly among the <strong>crypto community<\/strong>. The phrase is often used in discussions about complex terminology and concepts.<\/p>\n<p>Since the crypto ecosystem is constantly evolving and adapting new technologies, there can be many misunderstandings or concepts that are difficult to understand without the right context. The use of the phrase ELI5 helps slow down the discussion and clarity project details in a digestible way.<\/p>\n<p>It is alleged that the phrase originated from a quote by Albert Einstein, stating, “<strong>If you can’t explain it to a six-year-old, then you don’t understand it yourself<\/strong>.” The quote means that a person who has a good understanding of a concept or any other thing should be able to explain it in the simplest way possible so that even a child can understand it.<\/p>\n<p>The acronym is also related to a quote from the American TV series The Office where the phrase “<strong>Why don’t you explain it to me like I’m five<\/strong>” was frequently used. Since the show was airing around the inception of <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-blockchain/">blockchain technology<\/strong><\/a> and <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-cryptocurrency/">cryptocurrencies, it is likely that the phrase entered the online lexicon from there.<\/p>","definition":"is an acronym for \u201cexplain to me like I\u2019m five\u201d. It's a request to simplify a concept.","status":"published","meta_title":"What does ELI5 mean? Definition & Meaning | Crypto Wiki","meta_description":"ELI5 meaning: ELI5 - is an acronym for \u201cexplain to me like I\u2019m five\u201d. It's a request to simplify a concept.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}"
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current-chapter="E"
current-section="what-does-eli5-mean">
