Crypto slang for a large quantity of a specific cryptocurrency. Alternatively (but less frequently) used to refer to the contents of an individual’s crypto portfolio.
Generally, the term “bag” refers to a large amount of cryptocurrency, but there is no specific number or definition that can be used to determine how much crypto is considered a bag.
Moon bags are coins that are bought and held for the long term and are expected to appreciate in value over time. Moon bags are often bought and held for months, years or even decades and are expected to increase their value significantly over time.
Bag holders are often seen as optimists on the one hand and naive on the other hand. However, it is important to remember that they take unnecessary risks. The term “don’t marry your bags” refers to the idea of not holding onto a crypto asset for too long. Therefore, bag holders are advised to monitor their investments regularly and make informed decisions about when to buy, sell or hold.