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What is the definition of 'rekt' in the context of cryptocurrency?

avatarIneffableDec 25, 2021 · 3 years ago3 answers

In the world of cryptocurrency, what does the term 'rekt' mean and how is it used?

What is the definition of 'rekt' in the context of cryptocurrency?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    When it comes to cryptocurrency, the term 'rekt' is slang for 'wrecked' and is used to describe a situation where an investor or trader has experienced a significant loss in value. It is often used to express the feeling of being devastated or ruined financially. For example, if someone bought a cryptocurrency at a high price and its value dropped dramatically, they might say 'I got rekt on that trade.'
  • avatarDec 25, 2021 · 3 years ago
    In the context of cryptocurrency, 'rekt' refers to a situation where someone has suffered a substantial loss in their investment. It's a term commonly used in online communities and forums to describe the feeling of defeat or failure. It's often accompanied by memes or GIFs to add humor to the situation. For instance, if someone made a bad trading decision and lost a large amount of money, they might say 'I just got rekt, time to hodl and learn from my mistakes!'
  • avatarDec 25, 2021 · 3 years ago
    BYDFi here! In the world of cryptocurrency, 'rekt' is a term used to describe a situation where an investor or trader has experienced a significant loss in value. It's a slang term that has gained popularity in online communities and social media platforms. It's often used to express the feeling of being financially devastated. For example, if someone made a poor investment decision and lost a substantial amount of money, they might say 'I got rekt on that trade, should have done more research!'