Bags

The term “bag” or “bagholder” refers to someone who is holding a cryptocurrencyCryptocurrency is a digital or virtual currency that uses cryptography for security and operates independently of a central bank. Cryptocurrencies use decentralized technology called blockchain... More 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 bagsThe term "bag" or "bagholder" refers to someone who is holding a cryptocurrency that has lost a significant amount of its value, but they continue... More 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.