Bags

The term “bag” or “bagholder” refers to someone who is holding a cryptocurrency that has lost a significant amount of its value, but they continue to hold onto it in hopes that the price will eventually recover.

  • “If you’re not sure whether you’re a crypto bagholder, just ask yourself: Have I ever used the phrase ‘It’s not a loss until I sell?'”
  • “My accountant asked me how much I lost in crypto this year. I said, ‘I don’t know, but I have a lot of bags to show for it.'”

These tweets playfully highlight the tendency of some crypto investors to hold onto their investments even as they lose value, hoping for a rebound.

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