This phrase is used to describe cryptocurrency newbies who, instead of hodling, nervously panic-sell their coins in response to market jitters or negative headlines that wouldn’t faze experienced traders. Some weak hands bail out of Bitcoin in favor of so-called alt coins, cryptocurrencies other than Bitcoin. There are more than 9,000 digital tokens, according to CoinMarketCap.com. Many tend to take their cues from Bitcoin, oftentimes rising or falling in tandem.
