What is a Degen?

A Degen is an abbreviation for a ‘Degenerate’ gambler and is often used when talking about people who invest in unaudited projects or does crypto intra-day trading without understanding the risks. Another term that got popular was ‘aping in’, which refers to investing in a coin without DYOR (Doing Your Own Research). If you are new to crypto avoid Degen behaviour or you will get rekt (lose all your money).

Why traders eventually get Rekt (i.e. lose their money)?

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