What is a "bag holder" in the crypto scene? - Episode 254 - by cryptohunt.it
Crypto in Plain English - by cryptohunt.it19 Sep 2022

What is a "bag holder" in the crypto scene? - Episode 254 - by cryptohunt.it

Are YOU a crypto normie? If so, welcome! CLICK HERE to start (or continue) learning about everything crypto! What is a "bag holder" in the crypto scene?

Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. My name is Christian Byza, Co-Founder of Cryptohunt.it and I am your host of this daily show.

Last week we spent every day on the Etherium Merge - if you did not listen to it - I think you should - we tried to make the best explanation out there! Now, back to explaining some jargon since we did not do this for a while!

A "bag holder", is someone figuratively "holding the bag" when investments go down. It's someone who didn't get out of the market in time and is now stuck with an investment that is worth much less.

Like many crypto insider terms, this one is also one to talk down to people who had the wrong market timing. You'll see it thrown around on social media all the time.

Think of that what you want, but one thing is sure: Investing in crypto is very risky. Markets are volatile and it's easy to lose money. Timing things perfectly is probably just a matter of sheer luck, regardless of what some people claim in hindsight.

So, next time you think about that shiny Lambo you see some crypto influencer drive on TikTok: There are just as many bag holders out there who just don't talk about it. It's a zero-sum game.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

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