Quote from: wack slacker on Today at 11:23:04 AM

Quote from: buwaytress on September 09, 2021, 12:50:25 PM

Quote from: wack slacker on September 09, 2021, 07:42:21 AM

Why not use the word REKT (it's the same as WRECK).
Although REKT implies deep discounts of up to 50% or greater, I like the way it is pronounced succinctly and shows depth. An extremely powerful word for a big loss.
Every time Bitcoin drops in price, it is also an opportunity to buy in and enjoy short-term profits.

Really? Not so well-versed in crypto chad lingo (if I am even permitted to use that term haha) but I always assumed REKT was the equivalent of getting totalled. As in, absolute liquidation. Only guys I can imagine getting completely wrecked would be futures traders going long at over 10:1 leverage. That dip would have wiped them out in a blink, even with stop loss I imagine.

So yeah, if this relatively small dip Rekt'd you, well, can't say you shouldn't have known, hm?

I suppose Bitcoin can use REKT. Bitcoin still often falls deeply in price in a short time and causes other cryptocurrencies to fall several deeper drops. The word REKT, in my opinion, is for the whole market whenever Bitcoin falls sharply and deeply.

Regardless of how you choose to definite it, somehow I can't see traditional media or institutional investors using such parlance. It just adds an additional layer of obscurity to something that's already difficult enough for outsiders to comprehend. Seems like a bad idea all round.