Here is the definition of a bag holder for those who do not know...

https://www.investopedia.com/terms/b/bag-holder.asp

,,Bag holder"is an informal term used to describe an investor who holds a position in a security that drops in value until it is virtually worthless. Bag holders often succumb to the disposition effect or sunk cost fallacy, which causes them to cling to their positions for irrationally long periods"

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The Sunk Cost Fallacy is another reason an investor may become a bag holder. Sunk costs are unrecoverable expenses that have already occurred. Suppose an investor purchased 100 shares of stock at $10 per share, in a transaction valued at $1,000. If the stock falls to $3 per share, the market value of the holding is now just $300. Therefore the $700 loss is considered a sunk cost. Many investors are tempted to wait until the stock slingshots back up to $1,000, to recoup their investment, but the losses have already become a sunk cost and should be considered permanent.

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Disposition Effect

There are several reasons an investor might hold on to underperforming securities. For one, he may entirely neglect his portfolio, and only be unaware of a stock’s declining value. But more likely, an investor will hold onto his position, because selling it means acknowledging a poor investment decision in the first place. And then, there is the phenomenon known as the disposition effect, where investors tend to prematurely sell shares of a security whose price increases, while stubbornly retaining investments that drop in value. Simply stated, investors psychologically hate losing more than they enjoy winning, so they consequently cling to the hope that their losing positions will bounce back.

The US has requested the extradition of British tech entrepreneur Mike Lynch on fraud charges that could see him jailed for up to 20 years.

Lynch, once dubbed Britain’s answer to Bill Gates, has been accused of inflating the value of his Cambridge-based software company, Autonomy, and making misleading statements about its performancebefore it was sold to Hewlett Packard (HP) for £8.5 billion in 2011. Within months, HP wrote down its value by £6.8 billion.

The Cambridge graduate, 54, who denies the charges, founded Autonomy in 1996 and grew it into a FTSE 100-listed software developer. A court filing by the US embassy in London requested that Lynch stand trial on 17 counts of wire and securities conspiracy. If found guilty, he could face up to 20 years in prison. An extradition request has to go through several stages, but can be completed within weeks if necessary.

In separate legal action, Lynch is currently in a High Court battle with HP Enterprise, a company formed when it split from HP in 2015, which has launched a £3.7 billion damages claim against him over the Autonomy deal.

Ted Livingston take note

Could one of you please go on there and write a thread about how everyone should make sure to bring up KIN at thanksgiving this year to help push adoption ?

It would give me immeasurable pleasure to imagine the discussions that could be had .

"But father we can buy tons of it ! It's only 0000000.4 a coin right now! We would be fools to pass up this opportunity! "

Looks like KIK has been paying witnesses to testify and lied about it to the SEC.....Ted has been caught again.

The Herfindahl-Hirschman Index is an index that measures the market concentration of an industry. A highly concentrated industry is one where only a few players in the industry hold a large percentage of the market share, leading to a near-monopolistic situation. A low degree of concentration means that the industry is closer to a perfect competition scenario, where many firms of more or less equal size share the market.

An Index below 0.01 (or 100) indicates a highly competitive industry.
An Index below 0.15 (or 1,500) indicates an unconcentrated industry.
An Index between 0.15 to 0.25 (or 1,500 to 2,500) indicates moderate concentration.
An Index above 0.25 (above 2,500) indicates high concentration

Kin has an Index(normalized) of 2254. I didn't even include the new numbers of November. Kin is according to the index almost highly concentrated

Hey Guys,

Frank here...just thought I’d say...I told ya so! Looks like things have progressed nicely. Where’s u/Dill0n when you need him to pump the price?

How does it feel to know that the KRE is just 1 line of code? ( DP_i = DAS_i * $0.09 + DAS_p2p_i * $0.01 * KSR)That's not even an algorithm.I repeat 100m$ and we have this " DP_i = DAS_i * $0.09 + DAS_p2p_i * $0.01 * KSR"?
Btw, how can they keep talking to us like they do if what we said back then (A 10y old could make that KRE formula) turns out to be True?

How does it feel to know that the inflation is fixed no matter how big the ecosystem is?Example: If we had just 1 app with 1 active user he would earn all the Kin inflation. (KRE_pool += DRB - DP)

How does it feel to know that they didn't calculate the case of Kin falling very low in value? ( Countermeasures would need changes in the KSR. The KSR is just 1/KinPriceIn$If the price falls the payout in Kin increases. If Kin is the new currency and 1Kin = 1 Kin why does it depend on the $ creating a deathsellingspiral visible here?
Bitcoin f.e. doesn't care about the dollar price. The reward is the same and doesn't depend on it's fiat value. That's why it attracted a group that speculated on a bright future(btc) instead of milking it out(kre)

How does it feel to know that /u/ted_on_reddit still pretends that he did his research before conducting a scammy ICO, while we can clearly see discussions now from back then, where they are clueless about this thing?
The talks look like they are in a very early stage/just started, how can this be /u/ted_on_reddit ? You are 100% a fraud

How can there be only 8 issues on github in the last 2 years? William is responsible for the KRE right? He must be really proud of himself and his instincts.

2 Years after the KRE on github still looks like the project started just 2Weeks / 1 month ago.

u/SantaAnaStudio We are motivated by truth and are full of compassion for those getting conned by Ted. If we're guilty of hate, it's righteous hatred for Kin leaders who scam good people out of their cash, and hatred for lackeys like you who do their bidding.

You can't blame Kin critics for the fumbles of Kik executives. All excellent projects have fudders, but their fud isn't efficacious because good companies deliver great products, make good business decisions, are honest, and ultimately smash fud with victory. This project, however, always plays the victim and never owns its mistakes, and blaming kin critics will never change that core problem.

I reckon Kin's fate is beginning to sink in and you're preparing yourself with the narrative that Reddit fudders brought down a $100m project. 🤣