"Symbolically, the investor is left holding a bag full of worthless material, representing worthless stock [...]
There are several reasons this might happen, such as neglecting an underperforming portfolio, an investor not wanting to admit a mistake, or just plain hope that the stock will recover. Setting limits on losses and having a good exit strategy are ways to avoid this situation. "
http://www.investopedia.com/terms/b/bag-holder.asp
This market is super hard. If you fail in the altcoin market you will never recover again. It's just too much resistance in the market to ever invest into this coin again. There is just too much competition. It's much smarter and easier to find a newer coin that didn't fuck up. People will go over to new and clean coins once they see what happened.
I don't want to FUD but help the people to understand how the market works and hopefully help them to avoid doing the same mistake again. I lost money as well but didn't want to end up as a bag holder.
Just take a look at the situation at cryptcoin. It's almost the same situation over there.
Good luck to everybody!
Nah thats related to all coins. Not only Voot or Crypt. Look at BC, VRC, RZR, LTC and even BTC have a lot of bagholders that bought above $1000.
If you bagholding a coin you will always lose. I think Voot is still good to trade
+1000
This is true