In cryptocurrency slang, “bag” refers to the collection or portfolio of cryptocurrencies that an investor holds. It typically implies a long-term investment strategy, where investors accumulate and hold onto various cryptocurrencies with the expectation that their value will increase over time.
The term “bagholder” may also be used to describe an investor who holds onto a cryptocurrency that has experienced significant price declines, often with the hope of recouping losses in the future.
Overall, the concept of “bags” reflects investors’ commitment to their chosen cryptocurrencies and their belief in their long-term growth potential.