The one crypto slang term every newcomer needs to know

I remember when I first saw someone in a crypto forum say they got "rekt" and had no idea what it meant. Turns out, it's probably the most important piece of slang to understand. "Rekt" is crypto shorthand for being financially wrecked—it means you've suffered a massive, often catastrophic loss on a trade or investment.

It usually happens from taking extreme risks like over-leveraging, blindly following hype, or holding through a devastating crash. The term perfectly captures the brutal, no-mercy nature of crypto markets when things go wrong. Learning what it means and hearing the stories behind it is a crucial (and free) lesson in risk management.

If you're new to the space, getting familiar with terms like this helps you understand the culture and the very real pitfalls. The Paybis glossary has a solid, concise explanation of its origins and usage. Check it out here: https://paybis.com/blog/glossary/what-is-rekt/. Knowing what "rekt" means might just help you avoid ever being it.