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.

Unfavorable market conditions characterized by overly low unit prices of popular cryptocurrencies or stocks.

A bear market refers to adverse and often difficult market situations whereby the unit price of a popular crypto asset falls close to or below its all-time low. The more peculiar characteristic of this decline in market price is that it happens within a short period so that the graphic trend generally shows a straight drop rather than a drop-rise-drop-rise situation.

Bear markets are not native to crypto markets but are also characteristics of traditional trading markets like the stock market and real estate. There are general measures in place to identify them, such as 20-30% drops in the unit price of a commodity within a 60-day interval. There are also types of bear markets depending on the percent drop in price. Nevertheless, a bear market is often regarded as a good time to buy cryptos and other traded items. It may also be the telltale sign that a commodity has lost value.

A bidding and sales event which often involves aggressive and competitive contests to acquire commodities and services.

An auction is a lively event that involves individuals known as bidders who compete to acquire commodities and services. The event has a supervisor known as the auctioneer who announces commodities to be sold, starting (asking) prices, and winners. In the crypto ecosystem, this entire event is always online and live, and has crypto enthusiasts competing to obtain crypto assets, especially collectibles.

The rule of winning auctions is to bid the highest price. Nevertheless, there are innovative twists such as including time limits to bidding or using mystery boxes that make auctions more exciting.

Bag

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