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
All-Time-High (ATH)
The highest point (in price, in market capitalization) that a cryptocurrency has been in history.
Consensus
Consensus is achieved in a blockchain system when all participants agree on the content of the next block that will be added onto the blockchain.
Mining Contract
Another term for cloud mining, where users can rent or invest in mining capacity online.
Side Chain
A separate blockchain ledger that runs parallel with the primary blockchain.
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