What Does The Word Rekt Stand For In Crypto Currency ?

People usually say it in online games when they beat someone. Why the question had to absolutely be posted here before googling, which would inevitably lead to Urban Dictionary, is beyond me. It can also be used as a standard imperative instructing the interlocutor to get wrecked or destroyed. The slight irony here is that you give the imperative after the wrecking has already happened. A spelling variation of the word wrecked commonly used in social media and SMS messaging. Two players disconnected, and my multiplayer team was rekt before the match even started. Bagholder— An investor who has been hodling for too long, and is left to face the consequences.

It is true that no other business actually offers as much intimacy between the tokens and the investors then Crypto itself but one should not fall in love with the tokens they have. One should really be aware of when to let go of any token he/she possesses the right time to meet the main objective which is creating profit. You may be looking for the meaning of the REKT acronym. Define Dictionary definition of rekt Meaning is an easy to use platform where anyone can create and share short informal definition of any word. Upload it here to share it with the entire community. Next bitcoin crash will wipe 90 from price and cause crypto. All latest features has been included, plus some extras and Latest Updates. VNote is designed to provide a pleasant note-taking platform with excellent editing experience.

More Meanings Of Wrecked

It is generally used in the context of someone losing very badly at some type of contest such as a video game. It also has gained even more use in the cryptocurrency space. The term can pick up more momentum TBH as more people get involved with things like Bitcoin and Tezos along with other coins. If a trader does not quite analyse the market trend properly and invests all his money on the cryptocurrency definition of rekt whose prices go down later, the person has huge chances of getting rekt. Rekt is a deliberate misspelling of the word wrecked. To be rekt is to make a bad trade that results in heavy losses. Getting rekt can also be used to refer to any significant reduction in one’s portfolio value as a result of unfavorable market conditions, negative market sentiment, and unprecedented dumps.

However, if Hunter and his linemates can come together as a unit and punish those who try to run between the tackles and consistently wreck the pocket, this team will have a chance to become contenders. After Chris and Bud get in a seemingly horrific car wreck and then bicker with one another, eyewitnesses intervene and try to de-escalate the situation. Harry was 12 years old when his mother, Princess Diana, died in a tragic car wreck in Paris. This all translates into the odds being unfortunately low that even after getting into a car wreck that they will get summarily dinged for being a lousy driver. This page shows you usage and meanings of Get rekt around the world. Usually used by either kids or trolls on online games in order to annoy or provoke other players. Simply select a language and press on the speaker button to listen to the pronunciation of the word. The word in the example sentence does not match the entry word. CryptoDefinitions is one of the most comprehensive blockchain and cryptocurrency dictionaries on the web.

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I’d like to emphasize that this is almost never meant as literally “go kill yourself”. Sorta like the (more modern?) “kys”, it’s using hyperbole to say “wow you’re bad”. I think most of my friends who use “get rekt” — including me, because I’m trash — would very much disavow any meaning suggesting suicide. Stack Exchange network consists of 177 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers. It began as a user-made modification for Warcraft 3 and has grown into one of the most played online games in the world. You may think it’s sarcasm and gloating when people say it after they’ve won a fight, but it’s meant to motivate you to come back and have another terrific teamfight, perhaps in your favor next time.” “EZ is actually short for Entrenched Zigzag, meaning the other team played well, it was hard to win and went back and forth. It’s just people being gentlemen, clearly.”

• To illustrate, let’s suppose Alice is trading on margin and opens a big leveraged long position.
• It was temporary because hodlers and whales assembled to soak up the BearWhale’s coins, successfully slaying it.
• This all translates into the odds being unfortunately low that even after getting into a car wreck that they will get summarily dinged for being a lousy driver.
• There are many different ways a trader can be rekt for various different reasons.
• Upload it here to share it with the entire community.
• A BearWhale is a dangerous creature because he/she/it tries to sell large quantities of bitcoin on the open market, lowering the price for everyone else.

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Also refers to the many pump-and-dump schemesinvolving thinly traded “altcoins” (cryptocurrencies that aren’t bitcoin, which function more like penny stocks) on the scene. A versatile term that can also be used to refer to holders of state-issued “fiat” currency. The result was a sudden but temporary flattening of the bitcoin price. It was temporary because hodlers and whales assembled to soak up the BearWhale’s coins, successfully slaying it. This event was commemorated with artworkof the battle, such as the picture atop this post. But try to join in their conversations, and you’ll likely be baffled. Why do traders persistently misspell “hold” even in the face of powerful autocorrect software? Even insiders marvel at the slang bitcoin culture has spawned.

When used in cryptocurrency, it is used to refer to a person or portfolio that has incurred heavy financial losses. The word rekt is at times used within the context of multiplayer gaming. In such a setup, the term pertains to one player or an entire team who gets to be severely beaten by the opposing party. A term for the word “Wrecked.” Can be used in text messages when one is in a hurry. Can also be used in online gaming when a player would cause another player to send hate mail regarding the skill of the one causing the anger.

Among bitcoiners, however, FUD is generally used to refer to anything, like negative press coverage or blog posts, that might dissuade people from joining the cause of cryptocurrency. REKT can extend into other areas of pop culture such as sports like baseball, basketball, and e-sports. Fans can use it when discussing a game between the LA Lakers and Houston Rockets or a game between the Chicago Bears and Green Bay Packers as examples. Correct pronunciation for the word “REKT” is [ɹˈɛkt], [ɹˈɛkt], [ɹ_ˈɛ_k_t].

There are many different ways a trader can be rekt for various different reasons. First of all, being a Crypto trader is really difficult and the unpredictability is what does not give you a secured income at all. On the other hand, that is the exact fun of Crypto trading as well as stock market. The unpredictability gives the traders thrill and in turn, that is exactly what keeps them going. But again, that does not change the fact that a person can be completely devastated with a total financial loss any time in such markets.

The term might even go as far as to describe a match wherein the opponents are not at par with each other with consideration to skills, leading one party to be completely demolished by the other team. Or any of the other 9309slang words, abbreviations and acronyms listed here at Internet Slang? Your resource for web acronyms, web abbreviations and netspeak. BearWhale — By extension, a big-time trader who is bearish on the price of bitcoin. I am actually a really nice guy when I see someone genuinely play well.

In cryptocurrency, it would mean total financial loss. Derived from the word “wrecked,” you might say that a cryptocurrency investor got rekt when they made a bad trade, like selling their bitcoin right before the price skyrockets upwards. The slang may also describe an asset that lost too much of its value or a market that dropped significantly (e.g., “this coin is rekt,” or “the market is rekt”). Taking another example, imagine that Bob made a heavy investment on a cryptocurrency token through an ICO. But when the token finally hit the market, they were trading at a much lower price than Bob paid during the ICO crowd sale. In such a scenario, we may say that the token got rekt, which resulted in Bob and all bagholders getting rekt as well. A whale, or a crypto whale, refers to a top player in the crypto market. These people hold a substantial amount of coins, accounting for a small fraction of cryptocurrency users. When a whale buys or sells, their influence is so strong that they may move the market. Rekt originated as an online gaming term to refer to someone that was severely beaten by an opponent.

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Rather, it is an informal summary that seeks to provide supplemental information and context important to know or keep in mind about the term’s history, meaning, and usage. A BearWhale is a dangerous creature because he/she/it tries to sell large quantities of bitcoin on the open market, lowering the price for everyone else. The only known sighting of one in the wild occurred on October 2014 on the Slovenian Bitstamp exchange. On the stock market, it describes an investor who holds on to their shares in a company for too long and ends up taking a huge loss when the value tanks. In cryptocurrency, it basically means the same thing — if you buy a bunch of altcoins, and wait too long to sell, their value could go to zero, and you’re left holding the bag. The Civic ICO and associated REKTactular downward spiral of the company and CEO credibility provides a nice snapshot of REKT as it relates to crypto and getting destroyed. As of may of 2020 the Civic token is trading around $0.02/coin. Vinny Lingham was also recently sued regarding the ICO and Securities Law violations. Is being in an exchange hack one of your biggest fears? It’s a tale as old as time, but not the kind with a happy ending.

The genuine meaning of the word is being completely destroyed and ruined which explains the whole scenario. If a person undergoes a total financial loss after investing in the Crypto market, he would be termed ‘rekt’. Not only in the Crypto market but also the word is used in online gaming also when such a situation arises when a person loses a lot of money. It makes complete sense why people don’t want to be ‘rekt’ anytime ever but this is one of the undeniable things that keep happening around the world of crypto. Rekt is an online gaming phrase which meant someone was severely beaten by an opponent. In cryptocurrency, rekt is typically used when a person loses a lot of money. The term rekt derives from the word “wrecked.” In general, rekt is a slang used to define something that got completely destroyed or a person that experienced a catastrophic failure.