What is Rekt in cryptocurrency? The harsh truth without embellishment.

In the world of cryptocurrencies, "rekt" is not just a word, but a whole tragedy for the wallet and the psyche. When I first encountered this term, I did not understand its depth until I experienced that destructive feeling myself.

"Rekt" comes from the English "wrecked" — destroyed, annihilated. For us, traders, this is the moment when you look at the chart and see your money literally evaporating. This is when your account turns into ruins after one unsuccessful trade.

When someone says, "I got wrecked today," it means that the person was crushed by the market. I myself have found myself in this position multiple times — betting on a rise, only for the coin to crash by 30% in an hour. It's especially frustrating to see these fat whales manipulate the price, triggering the stops of small players.

Our popular trading platforms are skillfully able to facilitate this process. First, they give you 100x leverage, and then at the most unexpected moment, they liquidate your position due to the slightest market movement.

The irony is that in the crypto community, "rekt" is often used humorously, even though it represents real losses. People share their fails on social media, posting screenshots of their losses. But behind the jokes lies pain.

I remember how in 2021 I entered altcoins with my last money. Prices were rising, and I felt like a trading genius. Then the market turned — and my fortune literally shrank by 10 times in a week. That's the real "rekt" that I wouldn't wish on anyone.

Now, with Bitcoin fluctuating around the mark of 113 thousand, many newcomers risk getting wrecked again by buying at the historical high. It's sad, but that is the cruel nature of the cryptocurrency market — some become rich, while others go completely bankrupt.