The term diamond hands is slang for an investor who holds onto an investment such as a stock or cryptocurrency despite the investment losing value.
Similarly, Where did the term diamond hands come from? The phrase diamond hands was popularized early this year when r/WallStreetBets members teamed up to create a short squeeze in the meme stock, GME 一 they shorted the stock and called on each other to have ‘diamond hands’ and not sell until the stock went ‘to the moon.”
Then, Is it good to have diamond hands?
“Diamond hands” is an expression that signifies a high risk tolerance. It’s often used by investors on Reddit, Twitter, and other social media sites. If you have diamond hands, it means you’re the type of investor who won’t panic and sell off your holdings during big price fluctuations.
And What are diamond hands WallStreetBets? Popularised by r/wallstreetbets, diamond hands (or more commonly depicted in emoji-form as ) refers to someone who has high risk tolerance to stomach through the high volatility of the stock/ asset that they own; they don’t cave under pressure.
Who created diamond hands? The slang diamond hands is thought to have originated on the forum website Reddit in the /r/WallStreetBets subreddit, where the term has been used since at least 2018. The term gained popularity in 2019, when multiple users began to frequently use the term in reference to persistently holding stocks.
What is paperhand?
So now, on the other hand, and this is where we go to term number eight, which is the term “paper hands.” So what are paper hands? It’s the opposite of diamond hands, meaning if someone has paper hands, they’re nervous, and they sell their position instead of holding it.
What does paper hands Portnoy mean?
Portnoy: “Anyone who says ‘paper hands,’ I’d like to wrap them in toilet paper and glue lettuce to them and set them afloat in the ocean” “Paper hands” is a common term on Wall Street Bets for retail traders who don’t hold onto their investment.
What is the opposite of diamond hands?
The opposite of diamond hands, paper hands are when a user sells their shares at the first sign of a downward trend. Used in a derogatory manner toward those who are not fully committed to a position.
What is Paperhands GG?
An anonymous developer known on Twitter as iblamenfts has unveiled a new tool that shows collectors their unrealized profits had they held on to their NFTs instead of trading them. Called paperhands.gg, the calculator connects to a user’s MetaMask wallet to collate data highlighting their potential losses.
What are paper hands in NFT?
Paper hands is a derogatory term for someone who quickly sells an NFT, or sells in a panic when market prices drop. The opposite of diamond hands. Consequently, to paper hand an NFT means to sell it for a small profit, a wash, or a loss.
What does Diamond hands mean in NFT?
DEFINITION. Diamond hands is a term for someone who plans to hold onto an NFT long-term, with no concern about market conditions in the short term. The opposite of paper hands.