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..
Sometimes bagholders stuck with large sums of worthless coins get lucky when the coin rallies again. After Bitcoin hit its ATH there were posts by people saying that before the rally they considered themselves bagholders of worthless BBQCoins. Luckily for them BBQCoin mooned after Bitcoin and the BBQCoin "bagholders" made a huge profit.