TERM: Bagholder

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.

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James C.
Posted on July 10th, 2018
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