“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


Bitcoin ETFs Could Offer Yield

As we approach the point of the cycle, where the anticipation of another Bitcoin bull run begins to attract more capital, speculators and media attention, we find

Read More »
Cookie policy
We use our own and third party cookies to allow us to understand how the site is used and to support our marketing campaigns.