Bags (3/9)

List item

The term “bags” refers to the amount of cryptocurrency you are holding. For example if you have a million Dogecoin, you are a fairly large “bag holder” of that specific coin.

You may also hear things like, “don’t fall for this, he is just trying to get you buy his bags” – implying that someone promoting a project may be trying to get you to buy in, so they can sell and leave the project.

Being a bag holder isn’t necessarily a bad thing, if you believe in the project’s long term growth. Just don’t get caught in a dead project, left behind “holding your bags”


Leave a Reply

Your email address will not be published. Required fields are marked *



Dogecoin, the joke cryptocurrency with serious implications. (5/7)

Bulls and Bull Runs (4/9)