What does it mean BagHolder?

Those investors who have been doing hodl for a long time are known as Bagholders.

Many times bagholders reach this level because they bought the coin when its price was high, thus keeping tokens that are worth little or nothing while hoping that it will go up again.

Cryptocurrencies being a very volatile market, it happens that there may be large price fluctuations, just as every day new investors arrive eager to generate income at the moment.

Even a percentage of Bagholders are people who have forgotten about their investments and have left them where they are.

Bag holding is not something negative as it belongs to a term in the crypto world that refers to not selling your coins no matter how bad the market is because there is always the probability that it will go up again, this term is the Holding.

We at The Blue Manakin always recommend that before making an investment in the cryptocurrency market we have to do our market analysis and never invest an amount that we cannot afford to lose.

The cryptocurrency market has many changes so sometimes future investments are better than short-term ones, but it is up to us to take that risk.