Degen
By CoinGecko | Updated on Aug 12, 2021
Shorthand for Degenerate. Degen trading or Degen mode is when a trader does trading without due diligence and research, aping into signals and FOMO into pumps. A Degen Trader does not know about metrics like FDV or TVL nor do they care. They will buy because the asset logo looks cute, or because the slogan is memeable, or because some twit-famous anime girl on the internet says she's looking into crypto and the first two shill comments gets more likes than others. Essentially, a degen trader buys into an asset not because they see value, rather they do so with the belief that others will join in after them and speculate on the price swings.
Related Terms
Mainnet
It is the main network of Bitcoin, where the transactions of this cryptocurrency are registered and take place.
Bagholder
A person who is holding a large quantity of cryptocurrency which is declining in value or becoming worthless
Sharding
A form of database partitioning which breaks up data into smaller segments.
Unspent Transaction Output
(abbv. "UTXO") Coins that are unspent in the wallet. UTXO virtually represents the cryptocurrency one own in the wallet.
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