An explantion that occurs via text. Negative connotation referring to something that is simply too long to drag out via text message and is usally better explained via some other medium (email, chat, voice, etc.)
Emma: Sure, well I was running really late, and then I saw a friend I haven't seen since primary school. She invited me back to hers for dinner... and then I remembered about the marketing essay...
expanation told via txt messaging. often complicated, should be avoided at all costs. a phone call is often cheaper in the long run and much easier to understand.
me: sum annoying expat was being a prat, il tell u when i see you later, cant b bothered writing a txtplanation
scott: ok :)
Bitsplanation's are what you get on the internet when you try and figure out what happened to the money you put into Bitcoin or any other Cryptocurrency that can include, why you should invest in it, why it is the greatest thing ever - or even if it sucks. The stories that try to explain value in something without value is a "Bitsplanation".
Also Bitsplaining is the related term.
Oh man, with Bitcoin losing value, Social is blowing up with all of the Bitsplanation. I know right, the Bitsplaining is everywhere now.