The name of the lake is derived from Chibcha, the language of the Muisca: gwa: mountain or gwata, gwate: high elevation, or gwatibita: high mountain peak; hence, a pool at a high mountain peak.2 Another meaning is "End of the farmfields".3
Main article: El Dorado
See also: Muisca mythology
Lake Guatavita was reputedly one of the sacred lakes of the Muisca, and a ritual conducted there is widely thought to be the basis for the legend of El Dorado, "the golden one". The legend says the lake is where the Muisca celebrated a ritual in which the zipa (named "El Dorado" by the conquistadors) was covered in gold dust, and then, venturing out into the water on a ceremonial raft made of rushes, dove into the waters, washing off the gold. Afterward, trinkets, jewelry, and other precious offerings were thrown into the waters by worshipers. A few artifacts of gold and silver found at bottom hold proof to this claim; however, to date, attempts to drain the lake or salvage the gold (see Lake Guatavita gold) have yielded no more than these.
Dietz, R.S.; McHone, J.F. (1972). "Laguna Guatavita: Not Meteoritic, Probably Salt Collapse Crater". Meteoritics. 7 (3): 303. Bibcode:1972Metic...7..303D. doi:10.1111/j.1945-5100.1972.tb00444.x. /wiki/Bibcode_(identifier) ↩
M. Louis Ghisletti, Los Mwiskas, Bogota, 1954 ↩
(in Spanish) Official website Guatavita Archived 2016-01-30 at the Wayback Machine http://www.guatavita-cundinamarca.gov.co/index.shtml#3 ↩