Concept

Alternative slang usage; market participants with an extremely risky approach to investment.

Short for degenerate.

Unlike the trader’s definition, this concept is also widely used in the cryptocurrency informal environment in the form of slang.

It has a connotation of adventurism coupled with incredible luck. When seemingly illogical, sometimes even absurd actions, for example: buying shitcoins, or trading with high leverage, or investing in high-risk projects, or a combination of all of the above, lead to phenomenal results.

Example

Often among degens you can hear boasting: “I want to rectify, but it still doesn’t work out!”

As a result, in the environment the expression has a positive connotation, since in the depths of such adventures there still lies implicit expertise, ingenuity and good intuition.

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