ELI5 Introduction to Blockchain Using An Analogy [2020]

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ELI5 Why does the price of bitcoin vary based on different countries exchange?

Why isn't the price of BTC universal?
submitted by Truthseeker9333 to Bitcoin [link] [comments]

ELI5 how the price of bitcoin(any crypto) on an exchange is determined

I'm assuming it has to do with supply and demand, but is there some type of mathematical formula? A guy behind the scenes saying "eh, increase price" etc.
how does it control itself?
submitted by 1948Orwell1984 to CryptoCurrency [link] [comments]

ELI5: What exactly is GBTC, and how does it differ from XBT or trading Bitcoins at exchanges?

submitted by SpiritAcid to Bitcoin [link] [comments]

ELI5 how do your profit from bitcoin exchanges like Quadriga/Gemini?

submitted by Xx_Lonewolf to BitcoinBeginners [link] [comments]

ELI5 Why a drug dealer would exchange valuable drugs for bitcoins

Bitcoin isn't backed by any governments, and can only be expressed/redeemed in the virtual world, so why would a drug dealer choose to give physical substances for 0s and 1s instead of fiat or precious metals?
submitted by Patrick5555 to explainlikeimfive [link] [comments]

Can someone ELI5 what determines the value of bitcoin and it's exchange rate.

Title.
Thanks!
submitted by wwwdotredditdotcomm to Bitcoin [link] [comments]

ELI5 Can someone please explain how the price of Bitcoin in Fiat is decided, what causes shifts in price and why different exchanges have similar but different prices?

submitted by timehave to Bitcoin [link] [comments]

[uncensored-r/Bitcoin] ELI5 Gemini Exchange Dynamic Fee Schedule

The following post by brewferbrains is being replicated because the post has been silently greylisted.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7kz4gb
The original post's content was as follows:
[removed]
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

ELI5 Why is there a difference in BTC/USD between exchanges? /r/Bitcoin

ELI5 Why is there a difference in BTC/USD between exchanges? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Can someone please ELI5 why different exchanges have different bitcoin prices? /r/Bitcoin

Can someone please ELI5 why different exchanges have different bitcoin prices? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

ELI5: how does an exchange (like coinbase/gdax) provide cold storage yet make coins immediately available for transaction? /r/Bitcoin

ELI5: how does an exchange (like coinbase/gdax) provide cold storage yet make coins immediately available for transaction? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

ELI5: How is the exchange rate determined in cross-chain swaps? /r/Bitcoin

ELI5: How is the exchange rate determined in cross-chain swaps? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

ELI5: Why would someone exchange Bitcoin for Dogecoin? Assume they want to use it to buy stuff

Six months ago I kind of knew, but today, this close to the 100 billion cap, I'm having trouble articulating an elevator pitch for DOGE.
submitted by TheGoddamBatman to dogecoin [link] [comments]

[uncensored-r/Bitcoin] ELI5: Moving your coins off an exchange

The following post by Jvan1231 is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7ga8km
The original post's content was as follows:
Currently using coinbase thinking about moving my coins off the exchange due to a lot of you guys recommended it but don't know how
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

[uncensored-r/Bitcoin] ELI5 Why is there a difference in BTC/USD between exchanges?

The following post by GuitarManGod is being replicated because the post has been silently removed and some comments within it have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7injk1
The original post's content was as follows:
Hey all, Bitcoin newbie here. Looking to understand a little better
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

ELI5: Moving your coins off an exchange /r/Bitcoin

ELI5: Moving your coins off an exchange /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

ELI5: Why the prices for Hong Kong Dollars and USD are so different despite they can be conveniently exchanged into each other? /r/Bitcoin

ELI5: Why the prices for Hong Kong Dollars and USD are so different despite they can be conveniently exchanged into each other? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

ELI5: 1:1 Segwit2x credit on Coinbase and other exchanges /r/Bitcoin

ELI5: 1:1 Segwit2x credit on Coinbase and other exchanges /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

ELI5 how do your profit from bitcoin exchanges like Quadriga/Gemini? /r/BitcoinBeginners

ELI5 how do your profit from bitcoin exchanges like Quadriga/Gemini? /BitcoinBeginners submitted by BitcoinAllBot to BitcoinAll [link] [comments]

ELI5 Question: if I sell BTC on an exchange where does the money I receive come from? /r/Bitcoin

ELI5 Question: if I sell BTC on an exchange where does the money I receive come from? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

ELI5: the reason why you need to control the coins, not your exchange /r/Bitcoin

ELI5: the reason why you need to control the coins, not your exchange /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

08-02 19:32 - 'ELI5: Explain how a block split would NOT bankrupt an exchange?' (self.Bitcoin) by /u/jhawkfootball06 removed from /r/Bitcoin within 0-6min

'''
Something I don't understand is how the BTC/BCH split could not bankrupt an exchange if everybody decided to sell? If everybody decides to sell for fiat, how could that not bankrupt them?
People didn't buy these BCH coins, they were given them by the split and now as they are worth between $300-$700 depending on what exchange you are looking on. Something you cannot create out of thin air is fiat.
'''
ELI5: Explain how a block split would NOT bankrupt an exchange?
Go1dfish undelete link
unreddit undelete link
Author: jhawkfootball06
submitted by removalbot to removalbot [link] [comments]

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