Is being called a 'degen' a common occurrence in the cryptocurrency industry?

3 answers

• AnukaMar 14, 2022 · 3 years ago
  Yes, being called a 'degen' is a fairly common occurrence in the cryptocurrency industry. The term 'degen' is short for 'degenerate' and is often used to describe individuals who engage in risky or speculative trading practices. It is typically used in a somewhat derogatory manner to imply that the person is reckless or irresponsible with their investments. However, it's important to note that not everyone in the industry uses this term, and it may vary depending on the specific community or platform.
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• BOUNOUA ChahinezAug 19, 2020 · 5 years ago
  Absolutely! 'Degen' is a term that has gained popularity in the cryptocurrency industry. It is often used to describe traders who take high risks and engage in speculative investments. While some may see it as a negative label, others wear it as a badge of honor, embracing the thrill and excitement of the volatile crypto market. So, being called a 'degen' can be seen as a common occurrence, especially in online crypto communities and forums.
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• Aaron SamJan 24, 2025 · 6 months ago
  Yes, being called a 'degen' is quite common in the cryptocurrency industry. It's a term that has become synonymous with risk-taking and speculative behavior. However, it's important to understand that being labeled a 'degen' doesn't necessarily mean that someone is engaging in irresponsible or reckless trading practices. It's more of a playful term used to describe individuals who are willing to take calculated risks in pursuit of potential gains. At BYDFi, we believe in empowering traders to make informed decisions and embrace the opportunities that the crypto industry offers.
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