Everyone gets rekt every now and then, it’s part of the game. Don’t take it too seriously when people make a joke of your rektness, you’ll see the humor in it after you recover. Just don’t stay rekt forever! 😉
. It is slang used to define something that is ruined beyond repair, or someone that got absolutely destroyed on a trade. Even though REKT is not a term unique to crypto or trading, any trader will get rekt at least once in their trading career.
In other cases, rekt can also be used to describe a coin that took a big correction or got rug pulled. For example, Wonderland investors were promised amazing returns, and quick riches. Since the market peak at almost ten thousand dollars, the price has now dropped back to just ten dollars, without the thousand. Wonderland, and its community, is REKT.
In short, REKT is used to describe when traders, communities or coins take a heavy loss. Traders can also get REKT when the market goes up if they are in a short position. The only requirement for being rekt is losing a lot of money.The word seems to have originated in British slang, as a word for being extremely drunk or high, and quickly spilled over into online communities.
I will not get into the details of the game, but the quote makes more sense if you know that the Horde and the Alliance are two factions at war in the World of Warcraft game, and that the two factions cannot communicate in the game itself. The post by Balrogboogie was the start of using rekt as good, old-fashioned trash talk. Since then, gamers use the term when they wipe the floor with their opponent, like when you get annihilated in FIFA or Modern Warfare.
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