TAG: #bagholder

Heavy Bags

When you are holding assets that have dropped significantly, that can be described as "holding heavy bags."

EXAMPLE USAGE:

Tim: I bought a bunch of Losercoin last week and its already down 50%.

Bob: Those are some heavy bags you got there.

James C. doesn't have a picture.
James C.
Posted on July 12th, 2018

Bagholder

Investors left holding a cryptocurrency after its price drops significantly, goes defunct or otherwise becomes worthless.

The term is also used loosely in jest to describe anyone who has invested in a cryptocurrency project that you dislike.

EXAMPLE USAGE:

Bob: Did you hear about losercoin? It dropped over 300% in one day.

Tim: Yeah, all of the bagholders on Reddit are saying to buy the dip.

James C. doesn't have a picture.
James C.
Posted on July 10th, 2018