A Degen (short for Degenerate) refers to a market participant in the cryptocurrency space who engages in high-risk speculative behaviors, typically seeking short-term massive profits by allocating substantial capital to unproven projects, leveraged trading, or emerging tokens while often disregarding fundamental analysis and risk management principles. This group is characterized by chasing market trends, participating in early-stage projects, and accepting extreme volatility.
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LFG is an acronym for "Let's F*cking Go," representing extreme bullish sentiment and a call to action in the cryptocurrency community. It's typically used when investors are strongly optimistic about a token or the overall market, expressing eagerness for price appreciation. This term serves both as an emotional expression and as a symbol of community identity, commonly used around positive market news or significant price rallies.
Uw toegangspoort tot de cryptowereld, abonneer u op Gate voor een nieuw perspectief