Diamond Hands
| On social media sites, the term "Diamond Hands" refers to users who continue to keep their coins after a 20% drop in the value of their portfolio. This term is derived from the phrase "HODL," which stands for "hold on for dear life." This phrase became popular in the early days of Bitcoin, when investors were more likely to be individual hobbyists than professional traders. The term "Diamond Hands" is used to describe investors who are willing to hold onto their assets even when the market is crashing. This is in contrast to "weak hands," who sell their assets at the first sign of trouble. Some people see "Diamond Hands" as a positive trait, as it shows a commitment to long-term investment. Others see it as a negative trait, as it can lead to investors holding onto assets that are losing value. Whatever your opinion on "Diamond Hands," there's no denying that it's a popular term in the cryptocurrency community. |
Share this glosssary
