a bag is what we refer to when
we buy tokens for some bright new shining project but those tokens turn out to
be tarnished useless things.
If you define "bag" as a token, then I've never been a bagholder. I have never owned one of these ICO tokens--EVER. However I have owned some shitcoins with their own blockchains, but not much. I do think that people who've been here one year or less have indeed been bagholders, since a lot of them are bounty hunters who earn through tokens and they wind up owning some of the worst garbage known to man. Sadly, I think at least some of them believe in these crappy projects and think those tokens are going to the moon. Soon after those tokens go to market, they get a good taste of reality.we buy tokens for some bright new shining project but those tokens turn out to
be tarnished useless things.
What I'm wondering is when the ICO market is going to fizzle out. I'm not entirely sure that'll be a great thing for the crypto community as a whole, but I'm pretty sure it's going to happen if projects keep coming to market without any real innovation and no real value. From what I've seen and with my limited knowledge, these developers continually try to crowbar blockchain solutions onto "problems" that won't benefit from them. They do it because they know suckers will buy the tokens, and only when those suckers wise up and stop buying them will we stop seeing so many of these "bagholders".
