The Vibe: Someone stuck holding a coin that has crashed hard and won’t sell—even at a big loss. The
Details: Bagholders usually bought near the top because of hype or FOMO, then watched the price tank. Instead of cutting losses, they hold on, hoping it will bounce back one day (often forever). The name comes from being “left holding the bag” full of worthless coins while smarter (or luckier) people sold earlier. It’s usually said with pity or as a warning—many bagholders fall into the sunk cost fallacy.
Pro Tip: Don’t become one—set rules before you buy (like stop-losses or when to recoup), and always ask “Would I buy this today?” If the answer is no, sell and move on. Holding forever without reason just turns paper losses into real ones.