Bagholder
A bag holder is a term describing an investor who holds a position in an asset that decreases in value, until virtually worthless with only small chances of regaining value, e.g. holding a cryptocurrency beyond a pump and dump crash.
In financial slang, a bagholder is a shareholder left holding shares of worthless stocks. The bagholder typically bought in near the peak, when people were hyping the asset and the price was high, and held it all the way through steep declines, losing a lot of money in the process.
It can also refer to the holder of other assets and financial instruments that become worthless, such as the junior bonds of a defaulted company or the coins of a failed cryptocurrency. The word is derived by combining shareholder with the expression "left holding the bag."
