The entire collection of crypto assets that belongs to a trader or investor, especially the tokens and cryptocurrencies.
A bag is characteristically defined in the world of cryptos as the collection of crypto assets that belongs to one person. Different from a wallet which is often used as a holding tool, a bag is generally used to collect, gather, or store large amounts of the same cryptocurrency or token, the same way a bank account can only hold one fiat currency. However, the term bag is mostly used with regards to a high number of cryptos.
One distinguishing factor between the use of bags and wallets in the world of cryptos is that not every investor can be referred to as a bag-holder. This is especially because bagholders have a reputation for being bullish about their cryptos, even when market price fluctuations are not going in their favor.