What does it mean to have diamond hands in crypto?

At its core, having diamond hands in crypto means having the courage to hold onto your crypto assets, even when they decline during a crypto winter until they become highly profitable. Diamond hands investors have the conviction not to panic sell when markets crash and to remain bullish on their investments even when everyone else is selling.

What is diamond hands?

Diamond Hands is a popular term on social media platforms. It refers to people who hold their coins even if their portfolio drops in value by more than 20%.

What are paper hands in crypto?

Paper hands is a term used in the crypto community to characterize people who sell a digital asset such as bitcoin when turbulence strikes markets. It’s the opposite of so-called diamond hands, or ardent believers who say they will hold for the long term. Who uses diamond hands?

What is the difference between Diamond hands and paper hands?

The term “diamond hands” can refer either to holding your asset with hands as hard as a diamond or holding your asset until it becomes as valuable as a diamond. By contrast, someone with “paper hands” is someone who sells too early. They take losses because they folded easily.