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What does "Rekt" mean in crypto trading?

by Franklin » Fri Apr 19, 2024 6:31 am

I've been getting more involved in cryptocurrency trading and I keep seeing the term "Rekt" pop up. Can anyone explain what this means in the context of trading?
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Re: What does "Rekt" mean in crypto trading?

by PhilipPatrick » Fri Apr 19, 2024 11:17 am

"Rekt" is actually a slang term that originally comes from the word "wrecked." It's used to describe a trader who has suffered a significant loss, usually due to poor investment decisions. If you're looking to understand more about such terms and their implications in trading, there’s a helpful glossary here https://paybis.com/blog/glossary/what-is-rekt/ that covers a lot of the common jargon. It’s pretty crucial to get familiar with these terms to navigate the markets effectively.
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