Mining glossary
Rekt - what is it?

Rekt is one of the terms in the slang of cryptocurrency community members, which means a complete collapse. Most often, this phenomenon occurs when a trader or investor incorrectly predicts potential risks and profit prospects. As a result, instead of income, he went into a complete financial drawdown with the loss of all capital or a significant portion of it. This can also be facilitated by sharp changes in the value of cryptocurrency on the market caused by several factors, for example, the behavior of whales, announcements in the media, and sudden geopolitical and economic changes. You can often rectify if you make overly emotional decisions without considering the market's current index of fear and greed.

To avoid such a development of events, it is enough to rationally apply a margin trading strategy, if welcome, and also competently diversify risks.