Who is a bagholder?

A bagholder is a person who holds onto cryptocurrency despite a significant drop in its value.

Bagholders often continue to hold their coins, hoping for a price recovery, even when other investors have already sold and realized their losses.

Reasons why people become bagholders:

🔵 Some bagholders believe in the long-term success of the project and its fundamental value.

🔵 After holding onto cryptocurrency for a long time, people may develop an emotional attachment to their investments.

🔵 Admitting losses can be psychologically difficult, and bagholders may prefer to hold onto their coins in the hope of growth.

🔵 Some bagholders may not have the time or desire to actively manage their investments.

Risks for bagholders:

🔵 Holding onto cryptocurrency whose price continues to fall can lead to significant financial losses.

🔵 While bagholders keep their coins, they might miss out on other investment opportunities.

🔵 Watching the constant decline in the value of their assets can cause stress and anxiety.