A crypto moonbag refers to a part of one's crypto portfolio that is set aside in the hope of making significant gains. In the context of crypto and investing, the term is used to describe a portfolio or collection of assets that are purchased with the hope of earning large returns. Moon bags include coins and tokens purchased with the aim of making the owner rich.
A crypto moonbag is a part of one's crypto portfolio that is considered an investment that has a high potential for profit. This is because crypto is an expanding and high-risk sector, which can provide significant returns if the investment is done correctly.
Moon bag crypto can be divided into several categories, such as:
- Altcoins: Crypto coins that are not Bitcoin, which can be part of a crypto moonbag if they are believed to have the potential to increase.
- Tokens: Tokens that are purchased with the aim of supporting a crypto project that may bring profits if the project is successful.
- Well-known crypto coin: A widely recognised crypto coin that can be part of a crypto moonbag if it is believed to have the potential to increase.