What Is a Bag?
A bag is a term used to describe a higher-than-average quantity of a specific cryptocurrency. It is often used to refer to extremely large holdings of a particular coin, which are sometimes called “heavy bags.” The term is helpful in distinguishing between different coins or tokens within an individual’s overall portfolio. An investor may have both well-performing and poorly performing bags, depending on the market conditions for each asset. The term “bag” is closely related to “bagholder,” which refers to an investor who holds onto a specific coin or token even if its value dramatically drops. See also: Bagholder.
