HODLer, no-coiner, bagholder, BTC maximalist: are you one of these crypto investors?

Depending on their stock, feeders are also classified as whales or shrimp

The crypto sector, which got its start with the creation of Bitcoin in 2009, is currently worth over $1 trillion. Multiple research reports and surveys have consistently found that most crypto investors are between the ages of 18 and 35 and are made up of Millennials and Gen Z, dwarfing the digital asset sector with Gen-Next linguistics. For example, the crypto sector has multiple categories to define different types of investors based on their investment behaviors and patterns.

HODLer, No-Coiner, Bagholder, and Bitcoin Maximalist are a few categories that define investors in terms of how they buy, hold, and sell their positions in the more volatile market.

HODLers

The standalone crypto acronym HODL expands to “Hold On to Dear Life,” a term that defines investors who buy and keep their lives crypto assets with themselves, although volatility impacts their trading values ​​on a daily basis.

HOLDers are known to believe in the long-term potential of holding cryptocurrencies.

The slang #HODL often pops up as a trending hashtag sparked by the #HODLer community on social networking platforms.

​bag holder

while a few cryptocurrencies How Bitcoin And ether Although they set the overall mood of the crypto chart, there are some altcoins that typically trade at modest losses with little or no change in value.

If investors continue to hold on to their acquired assets despite losses, they fall into the category of bagholder investors.

The name of this category comes from the possibility for these investors to keep their cryptocurrencies with them even when those tokens are trading at zero.

Sometimes dormant crypto accounts with saved holdings appear as bagholder accounts.

Other people who find themselves in this category are those who approach the market with the optimistic hope that their holdings will appreciate in value and that losses will eventually be recouped.

The owners of LUNA, FTTand SGB, for example, are still hoping for an appreciation in the value of these coins and are therefore classified as bag holders.

Bitcoin maximalist

Between 2009, when the cryptocurrency was created with Bitcoin, and today CoinMarketCap identifies a total of 25,635 existing cryptocurrencies.

However, for Bitcoin maximalists, the reigning crown of the crypto kingdom, BTC is the only worthy cryptocurrency on the market.

Maximalists only buy, hold and sell bitcoin, which is currently trading for $26,416 (about 21 lakh rupees) according to Gadgets 360 Crypto price tracker.

El Salvador’s President Nayib Bukele, for example, can be classified as a Bitcoin maximalist. Not only has he legalized BTC as a form of payment in the Central American country, but he is also working to develop a Bitcoin City that will be tax-free and a hotspot for crypto activity.

No coiner

People who do not invest in cryptocurrencies are classified as no-coiners.

The global regulatory uncertainty surrounding the crypto sector as well as its high volatility are other factors preventing the investment community from freely experimenting with the digital assets sector.

These people, who would otherwise invest in traditional stocks and mutual funds but not cryptocurrencies, fall into the category of no-coiners.

Apart from that, there are crypto whales, shrimp, Diamond hands and paper hands are other categories of investors.

While whales are known to own large amounts of cryptocurrencies, shrimp are investors who trade on a very small scale.

The term “diamond hand” refers to those crypto traders who choose to keep their crypto assets regardless of the current market situation. Crypto investors who sell their holdings at the first sign of market turmoil, on the other hand, are classified as paper traders.