What does 'degen' refer to in the crypto community?

3 answers

• Dec 26, 2021 · 3 years ago
  In the crypto community, 'degen' is a slang term that refers to someone who engages in risky or speculative behavior when it comes to investing or trading cryptocurrencies. It is short for 'degenerate' and is often used to describe individuals who take excessive risks or make impulsive decisions without proper research or analysis. These 'degens' are known for their willingness to chase after quick profits and are often associated with high-risk strategies such as leverage trading or investing in highly volatile assets.
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• Dec 26, 2021 · 3 years ago
  Ah, 'degen' in the crypto community is like the wild west of finance. It's a term used to describe those who throw caution to the wind and dive headfirst into risky investments. These 'degens' are the adrenaline junkies of the crypto world, always looking for the next moonshot or hidden gem. They're not afraid to take big risks in the hopes of scoring big gains, but they also face the possibility of losing it all. It's a high-stakes game that attracts both thrill-seekers and seasoned traders alike.
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• Dec 26, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, defines 'degen' in the crypto community as someone who embraces the high-risk, high-reward nature of the market. These individuals are often seen as pioneers, pushing the boundaries of what's possible in the crypto space. While some may view them as reckless, 'degens' are driven by the potential for exponential gains and are willing to take calculated risks to achieve their financial goals. They thrive on the excitement and volatility of the market, constantly seeking new opportunities to capitalize on.
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