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Used by immature kids who wanna show off how they killed you in a cool way. This shows grade level based on the word’s complexity.

On January 13th, YouTuber TheCampingTree uploaded a video titled “Get Rekt,” in which he encounters a player who tells him to “get rekt” in the online survival horror game DayZ . Bitcoin has been on a rollercoaster in the last few days. On Jan. 5 it camewithin a hair’s breadth of surpassing its all-time high; then it lost billions in market value on fears of a Chinese government clampdown. Their response’s are correct, but in, I believe the way you’re asking, the term “get rekt” would mean the person saying it just “killed” or “beat” etc.. 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. One day later, the price of DOGE plummets to less than 50% of the previous day’s value because crypto whales decided to dump and you’re now a bag holder. Used by bitcoin bros to describe other cryptocurrencies, whenever news breaks out about these currencies gaining any traction, because they’re a threat to the bitcoin bros’ wet dreams of bitcoin supremacy.

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Be observant, keen, and keep an open mind when interacting with other enthusiasts in chat forums and on social media. It is the kind of mindset that will help you learn and contribute more positively to the community. The cryptocurrency world is full of exciting and interesting eccentricities, including the lingo. Hopefully, by going through this article, you have familiarized yourself with some of the more common unique terminologies used within the blockchain space. To shill is another common term within the social media circles of crypto enthusiasts which means to selfishly promote a coin or token.

In this artwork, we see a ship caught amid a tussle with the waves. The water seems to overpower the vessel but it stays afloat, with colourful sails soaring and a mast pointing to the unconquerable celestial heavens. The tossing and turning of the waves may wreck the ship, but persistence shall get it through. Only so that it may sail atop the oceans once again. This could be the only one professional web page dedicated to explaining the meaning of REKT (REKT acronym/abbreviation/slang word). From “getting rekt” to “taking a break,” the word has evolved into its current meaning, but what exactly does it mean?

Jack Peevers Definitions

In the world of blockchain and cryptocurrencies, rekt is used to describe a severe financial loss, caused by a bad trade or investment. To illustrate, let’s suppose Alice is trading on margin and opens a big leveraged long position. If the market goes down and she gets liquidated, we may say “Alice got rekt.” So, rekt is often used to describe someone that got liquidated after losing a high-leveraged trade. In contrast, other investors choose to time the market, which leads them to make short-term decisions or trades. Compared to buying and holding, market timing needs a lot more skills and expertise, meaning beginners have a disadvantage with this strategy as opposed to value investment. The first step for a beginner in the blockchain ecosystem is to find out where all the important conversations happen, including social media platforms and chat forums.

• It is, however, more difficult to engage in market timing strategies in crypto where price volatility is high.
• Often related to a poorly performing bag of assets that i…
• One day later, the price of DOGE plummets to less than 50% of the previous day’s value because crypto whales decided to dump and you’re now a bag holder.
• 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.
• Hopefully, by going through this article, you have familiarized yourself with some of the more common unique terminologies used within the blockchain space.

“Rekt”, also known as #rekt, is shorthand for “wrecked,” which is often used in online gaming to indicate that someone has been defeated or embarassed, in a similar vein to the term “pwned”. The traders responsible for these price swings are spread around the world. In the crypto community, rekt often refers to someone who has experienced a heavy financial loss due to a wrong trade or investment. For instance, let’s say Bob invests more than half his savings on XRP just after its price soared. And a week https://www.beaxy.com/exchange/eth-usd/ later, the price of XRP nosedived to less than 20% of the previous week’s value due problems with regulation. 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.

Abbreviations or Slang with similar meaning

His marriage was ruined by the affair. Our holiday was ruined by bad weather. This acronym/slang usually belongs to Medical & Science category. It was first defined on Urban Dictionary in 2011 as the message you send your mate when you are too drunk to type anything else. Rekt is mainly used to describe being heavily defeated or destroyed. It is also used to describe being really drunk, tired or sore. These are the core obsessions that drive our newsroom—defining topics of seismic importance to the global economy. Earn 10 reputation in order to answer this question. The reputation requirement helps protect this question from spam and non-answer activity. This doesn’t really explain what “getting wrecked” means though.

In such a scenario, we may say that the token got rekt, which resulted in Bob and all bagholders getting rekt as well. Enjoy free shipping, no minimum purchase required!. Estimated 3-4 business days to ship, and a total of 4-5 business days to arrive. FREE US SHIPPING – Enjoy free shipping, no minimum purchase required!. If you’re new to it, gaming language can seem a world away from formal English. Read more about capital one wiring instructions here. Get online and you’ll soon find that gamer talk is peppered with acronyms, slang and distinctive words that describe everything from a player’s gaming style to the enemies you encounter in the virtual world.

However, if an analyst could zoom into the monthly price action of most of these assets it would be evident that most experienced wild rides in short-term durations. Cryptocurrencies are considered to be highly volatile assets, and it’s not unusual to see daily price changes of 20+% in either direction. Even Bitcoin, now a relatively stable cryptocurrency, still registers 10-20% moves in some days. Instead of buying low to sell high, i.e., timing the market, he would start HODLing onto his currency and not selling. “In a zero-sum game such as this, traders can only take your money if you sell,” he wrote. HODLing is a cryptocurrency investment strategy not unique to crypto but rather a rehashed term made to appeal to the eccentric crypto community. To understand and be part of conversations within crypto enthusiast circles, you need to know the community’s lingo.

The right time to sell will largely depend on the goals of investing. If these goals are achieved, the coin holder can sell at any price in the market; otherwise, they continue to HODL. The term ‘HODL’ has a rather interesting origin. It is, however, more difficult to engage in market timing strategies in crypto where price volatility is high. HODLing is an easier and more rational method to take when investing in blockchain projects. I liked my first set of the sliced fruit so well that I ordered another set for my second home.

Why gaming phrases boost your English learning

HODLing thus becomes a safe play for such individuals and institutions looking for long-term gains rather than gaming the system. Market conditions might also dictate when to sell. For instance, if the asset is in the middle of a bear market, there will be fewer buyers than there are sellers. For big investors, a falling market might not offer the right conditions to sell. They have to wait for buyers to come in to absorb their large orders. However, if the price is rising, it is much easier to sell. At the time, the flagship cryptocurrency had lost 50% of its value in two weeks falling from a then all-time high of $1,120 to a low of $560 between December 4th and the 18th. GameKyuubi wrote his post on the 18th, attempting to communicate that he was changing tact to his Bitcoin investment. HODLing is an investment strategy derived from the traditional financial world where it is referred to as buy and hold.

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. However, the term may carry different meanings depending on the context. The manipulators will then scoop up these assets at lower prices. A newbie is a slang phrase for a newcomer to a group, community, or video game, particularly on the internet . “Noob” is a slang term meaning “newbie,” which is derived from the word “new.” A newbie is a terrible player in a game or someone who is unfamiliar with a community’s rules. Rekt means a player got completely destroyed, usually used in first person shooter games. As you can see, the language of gaming is rich, amusing and ingenious, as well as great fun to use. The beauty of using online games to improve your English is that you can interact with thousands of different players worldwide – while enjoying yourself so much that you almost forget you’re learning. In the context of crypto trading, rekt refers to financial ruin — suffering a heavy financial loss from a coin or token that has dropped significantly in its value, caused by a bad trade or investment. There are many different ways a trader can be rekt for various different reasons.

As a complement to REKT, its tweets show the massive sums of cryptocurrency moving around the whole ecosystem. The Twitter bot REKT shares liquidation events from the cryptocurrency exchange Bitmex. The Return to Antikythera project continues to recover priceless artifacts from the wreck. Short for ‘materials’, such as wood, stone, brick and metal in games like Fortnite. You’d use them to describe a player who has suffered a major defeat. It’s often used as an insult, so be careful when using it. These words mean cheating or a cheater – if someone is being called a hacker, other players are accusing them of cheating in some way. Boss A ‘boss’ is a really tough enemy who frequently appears at the end of a level or a game.

In regards to the other answers, they have given a non-gamer response. 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. An alternative term to Fish, describing someone with a small crypto investment. In addition, the word REKT can also refer to a digital asset itself that loses value. In the above example with Bob, one could appropriately say XRP got rekt. The portfolio of coins and tokens one is holding. Often related to a poorly performing bag of assets that i… Short for “wrecked” which means that you have beat someone at something. This content is not meant to be a formal definition of this term.

The definition, example, and related terms listed above have been written and compiled by the Slang.net team. Rekt is an alternate spelling of wrecked. Gamers use this term to describe a moment in which they’ve thoroughly destroyed and/or humiliated another player. It needs to be noted that being REKT and truly losing money are different things, since rekt assets can still bounce back.

A phrase to say that someone gets destroyed in an fps game. You may be looking for the meaning of the REKT acronym. Below are all the REKT meanings we can find. “Get wrecked” implies that you are a passive participant in an activity that is carried out against you. Sign up for premium, and you can play other user’s audio/video answers. Only the user who asked this question will see who disagreed with this answer. To get rekt means that you get completely emotionally damaged. On January 3rd, 2014, an anonymous 4chan user posted a story about finding out his girlfriend was tested positive for HIV, which received the reply “LOL rekt” . A screenshot of the thread was subsequently submitted to the /r/4chan subreddit, where it accumulated upwards of 1,900 up votes and 70 comments within the next month. Join Macmillan Dictionary on Twitter and Facebook for daily word facts, quizzes and language news.