Bag holder

A Bag Holder normally describes someone that bought a currency at some price, only to see the digital asset’s price drop before he got a chance to sell it.

Now he’s stuck with a bag of worthless cryptocurrencies.

You don’t want to be a bag holder.

It usually means that your currency is worth less than what you paid for it.

Selling now would mean selling at a loss – which is bad.

As a bag holder, now you’re “holding a bag”, or “you’ve got a bag”.

Trader 1: “You get out of Luna before it crashed?”

Trader 2: “Uh, nope. I was watching Stranger Things and didn’t have a chance to sell. Now I’m stuck with a bag forever!.”

Related Terms

Bag

A Bag or “Holding A Bag” is slang for owning some quantity, large or small, of a specific cryptocurrency.

Rekt

slang for “wrecked”. It describes a trader who has lost a substantial amount of money on a single trade, lost over the course of many trades, or lost by just hodling. Rekt also describes crypto assets themselves, those that have suffered huge drops in value.

Bubble

Describes an asset, or entire market, significantly appreciating in price, at an inflated level, and not reflecting the asset’s or market’s real value here on Earth. “The bubble” bursts, sending those inflated prices that can’t be sustained crashing down hard.

Bricked Funds

Brick funds are funds stuck inside of a smart contract due to a programming bug. They can’t be recovered and are lost forever. Sad. Protocol and smart contract audits performed by reputable companies can help to discover bugs, vulnerabilities, and security risks before they have a larger impact on the community.

Dump

When a lot of selling of a cryptocurrency takes place all at once. This can happen across a single cryptocurrency, an entire sector like DeFi, Gaming, or Metaverse, with an entire ecosystem like Ethereum, or with all cryptocurrencies simultaneously. The dump usually causes sharp spikes down in price, often causing more investors and traders to sell off, reinforcing the selling pressure.