Bagholder

[1] 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 large amount 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.[2] The expression "left holding the bag" originated in eighteenth century Britain and spread throughout the English-speaking world.[3] In this context, a person left holding the bag is stuck with the stolen goods, taking the blame from the police while the rest of a criminal gang escapes.The phrase is also used in association with the fool's errand known as a snipe hunt,[4] a practical joke in which an unsuspecting newcomer is led outdoors and left "holding the bag" in which to catch a creature that does not exist.
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