Post
Topic
Board Altcoin Discussion
Re: Why is "bagholding" seen as a negative thing?
by
aarons6
on 19/06/2015, 06:14:36 UTC
I wouldn't have half the money I have now if I didn't "baghold"



i dont think you understand this term..
bagholding means you were left with a large sum of coins after it hit rock bottom.. meaning you didnt sell when you had the chance.. or you bought in too late while it was on the rise and it is now worthless.

the thing with altcoins is after the initial pump and dump of the premine, someone is always left with the large sum of coins they were conned into buying.. the bagholder..