Bagholder
By CoinGecko | Updated on Mar 03, 2020
A person who holds large quantities, or bags, of a cryptocurrency. Often used to describe such a person when the price of that cryptocurrency is declining.
Related Terms
MicroBitcoin (uBTC)
One millionth of a bitcoin or 0.000001 of a bitcoin. Microbitcoin is the abbreviation of uBTC and often misunderstood as the fork of Bitcoin.
Mining Reward
The reward resulting from contributing computing resources to process transactions
Token Generation Event (TGE)
An event in which new tokens (ussually on a smart contract platform) are created and distributed to the public.
Token Burn
An event in which tokens are verifiably removed permanently removed from circulation.
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