DBPM: Dogecoin Bagholder Prevention Mechanism

In U.S. financial slang, a bagholder is a shareholder left holding shares of worthless stocks.[1]

The shareholders could be caught up in a corporate bankruptcy and accounting scandal, as was the case with Enron and Worldcom, or the victims of a pump and dump scheme, in which naive and unsophisticated investors fall victim to e-mail spam, rigged stock tip forums, or other tricks used by stock touts to drive up the shares of worthless penny stocks.[citation needed]

The word is derived by combining shareholder with the expression "left holding the bag."

If a worthless property is bought with the idea to sell it for a higher price, the gullible person who is stuck owning the property is the bagholder.[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 practical joke known as a snipe hunt,[4] in which an unsuspecting newcomer is led outdoors and left "holding the bag" in which to catch a creature that does not exist.[5][6] As an American rite of passage, it is often associated with summer camps and groups such as the Boy Scouts.[7]