1 definition by Tegridy
In crypto trading, someone who sells pretty much no matter what. One or two red candles? Expect jeet panick selling. Also known for selling at a profit so low that it doesnt even cover the tax, and doing so for no reason.
Generally there are two theories about the words origin:
1) Jeet = didja eat/ja'eat? Since they're always readily taking no or zero profit, perhaps because they need a dollar menu somewhere to sustain themselves.
2) Jeet = pajeet. Because they flood the group chats of all the tokens, ask if they should invest $10,000 as if they have $10,000, ask a million questions about the token and make demands of the developer, etc. At some point they quietly throw in what is usually an amount 100 times smaller than what they were talking about in chat...only to pull it for literally any reason in the world.
Generally there are two theories about the words origin:
1) Jeet = didja eat/ja'eat? Since they're always readily taking no or zero profit, perhaps because they need a dollar menu somewhere to sustain themselves.
2) Jeet = pajeet. Because they flood the group chats of all the tokens, ask if they should invest $10,000 as if they have $10,000, ask a million questions about the token and make demands of the developer, etc. At some point they quietly throw in what is usually an amount 100 times smaller than what they were talking about in chat...only to pull it for literally any reason in the world.
by Tegridy February 5, 2022