Degen
Home » Bitcoin Culture » BTC Glossary » Degen
![](https://thebitcoinmanual.com/wp-content/uploads/2021/11/Degen-Image.png)
“Degen” is short for the colloquial term “degenerate” as in a “degenerate gambler”. In the Bitcoin world, this is someone who loves to take loans out against their Bitcoin in an attempt to buy more Bitcoin or shitcoins with their loan money.
Needless to say there is a high risk involved with this strategy at the best of times and some would say this is reckless. If there’s any sudden price movements, then they would no doubt get rekt and lose all their Bitcoin.
Sadly though, some people take out loans using all their life savings and it’s basically betting, looking to turn their life around in a matter of days. This doesn’t end well for many, leading to the usual FUD stories you see in mainstream media.
We much prefer the long term approach to Bitcoin here at TBM!
Latest Articles
![How much bitcoin governments hold](https://thebitcoinmanual.com/wp-content/uploads/2024/07/government-hold-btc.png)
How Much Bitcoin Do Governments Hold?
Germany’s latest sale of 50,000 Bitcoin has revealed a number of large Bitcoin holders that very few of us pay attention to. Believe it or
![paraguay miners shut down](https://thebitcoinmanual.com/wp-content/uploads/2024/07/paraguay-btc-miners.png)
Paraguay Seizing Bitcoin Mining Operations
The biggest incentive for Bitcoin miners to move to Paraguay comes from the Itaipu Dam, which is co-owned by Brazil and Paraguay. The hydroelectric dam is
![Mt gox repayment program](https://thebitcoinmanual.com/wp-content/uploads/2024/07/mt-gox-repayment.png)
Mt. Gox Repayment Program Set To Begin
2024 has been the year of liquidation. First, the German government decided to offload the 50,000 coins it seized from Movies 2k. During those 27