Bags are cryptocurrencies that have plummeted in value from their ATH (all-time high).
Bag
Related Terms
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All-Time High (ATH) is a term used in the world of finance to describe the highest price an asset or a financial instrument has ever reached.
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A rally is a recovery in price after a period of decline.
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This is a investor or trader who has been holding (or hodling) a particular cryptocurrency for too long and now has to face the consequences of that decision. In extreme cases, a bag holder has...
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REKT (or rekt) is a misspelling of “wrecked”. “Getting rekt” refers to a cryptocurrency trader who is utterly ruined and destroyed due to losses from a recent price crash. Rekt is what happens when...
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A bull trap is a situation when traders put on a long position when the price of a currency pair is rising, only for the price to reverse and move lower. A bull trap is also known as a “sucker’s rally“. A bull trap fools some traders into thinking a market is done falling and […]