This cryptocurrency term refers to a trader who trusts any crypto project with utmost confidence, without any analysis.
To make it more clear, Degen trading or Degen mode is when a trader trades in trading signals and FOMOs without proper research. A degen trader doesn't know or care about metrics like FDV or TVL. You probably never understand the Degen mentality. They are high-risk-takers who invest for their trust rather than technical analysis. Any beautiful logo, great slogan, or even picture can be the single determining factor for believing these projects.
Never be a Degen trader, do a fundamental analysis before investing.
Source:
Crypto Comics - What is Degen (The author made some cool comics about crypto)
The article translated from:
https://bitcointalk.org/index.php?topic=631891.msg59702959#msg59702959
