The Culture


Curated by tz1effp2szrA9Q99dHKz6Sb1xmGonsVM8ZPj
Jul 4, 2022 at 10:06 AM

In the first definition, there is no generally agreed-upon threshold at which someone's crypto holding becomes a bag, but it is generally considered to refer to a higher-than-average quantity of that coin. Extremely large holdings of a specific cryptocurrency are sometimes referred to as “heavy bags.”The term is useful in distinguishing between different coins or tokens within an individual's overall portfolio. An investor might have well-performing and poorly performing bags — depending on the market conditions for each asset in question. In these cases, 'bag' is closely related to the term 'bagholder', referring to an investor who does not sell their holding of a specific coin or token, even if it experiences dramatic drops in value
In the first definition, there is no generally agreed-upon threshold at which someone's crypto holding becomes a bag, but it is generally considered to refer to a higher-than-average quantity of that coin. Extremely large holdings of a specific cryptocurrency are sometimes referred to as “heavy bags.”The term is useful in distinguishing between different coins or tokens within an individual's overall portfolio. An investor might have well-performing and poorly performing bags — depending on the market conditions for each asset in question. In these cases, 'bag' is closely related to the term 'bagholder', referring to an investor who does not sell their holding of a specific coin or token, even if it experiences dramatic drops in value
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