Glossary
Bagholder
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An investor who ends up holding a severely devalued asset. This often happens to inexperienced market participants who:
Buy the hype, expecting further growth,
Fail to notice signs of a scam or a collapsing project,
Fall victim to a pump-and-dump scheme,
Hold the asset for too long and miss the chance to sell before a crash.
As a result, a bagholder is left with a loss, often a significant one, hence the image.