Degen is a slang term that originated in the world of cryptocurrency and finance to refer to individuals who exhibit high-risk, reckless, or speculative behavior. The term is derived from the word degenerate, which typically implies a decline or deterioration from an established norm or standard. However, in this context, "degen" specifically pertains to someone who engages in excessive risk-taking, often ignoring rational or logical considerations.
A degen is often associated with a gambler-like mentality and is willing to invest substantial amounts of capital in highly volatile or uncharted markets. Typically, degens are more interested in short-term gains and quick returns, rather than adopting a long-term, cautious approach. They may invest in risky assets, highly leveraged trades, or engage in speculative trading strategies, driven by the desire for substantial profits.
While the term initially gained popularity in the cryptocurrency community, it has since expanded to encompass other domains of high-stakes investments and internet culture. It is often used as an informal label to describe individuals who adopt similar behaviors in other areas involving quick gains, such as day trading, gambling, or even risky ventures outside of the financial realm.
In summary, "degen" refers to a person who engages in high-risk behavior, particularly in the world of finance and cryptocurrencies, displaying a penchant for reckless investments and speculative strategies.
