by Hodler Ash 
What Does The Word Rekt Stand For In Crypto ?
Rekt is basically the short version of the wrecked and it is very commonly used in the crypto market. The word has been misspelt intentionally. It is no doubt that the cryptocurrency market is not at all predictable which is the reason why a lot of failures happen even overnight. Suppose a trader had invested all his money and for some reason such as the unfavourable market trend or wrong analysis, he loses all his money. That is exactly when the person would be called rekt in the crypto trading market.
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.
How A Trader Can Be Rekt ?
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. Here are some of the situations where a trader can actually be rekt.
If a trader does not quite analyse the market trend properly and invests all his money on the cryptocurrency whose prices go down later, the person has huge chances of getting rekt.
Apart from that, in the grueling process of crypto trading, if a trader does not identify perfectly if he should go short or long with a specific coin, he might get into big trouble. The analysis, predictability as well as the gut feeling correlated should be your conclusive decision. Undoubtedly, there are few chances of a trader getting rekt even after doing all of them perfectly and that is just unpredictability playing its part.
How To Avoid Getting Rekt ?
1. A trader should not be emotionally connected with his investments. 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.
2. The Crypto market can get a speculators as you can imagine which is the reason why noone should fall for rumours and hype. Suppose there is a new token in the market which is supposedly going to rise in price very much in the near future according to rumours. If a trader only goes for the numerous and does not really analyse the market trends as well as the potential of the token, things just might be completely opposite.
3. The right skills and the mental approach can not only save you from getting rekt but also can earn you more money than you can think. The ultimate reason behind it is the fact that data drives success and the process of analysing has changed over the years. A little bit of skill in surveying and analysing is good enough for you to earn enough profit.
