What does Diamond Hands mean?
Holding an asset through high volatility
Detailed Explanation
'Diamond hands' is a slang term from the online investment community for holding onto a stock or cryptocurrency with extreme conviction, refusing to sell even in the face of massive price drops, losses, or high volatility. It represents a belief that the asset will eventually pay off. The term is often represented by the 💎🙌 emojis.
Usage Examples
“The stock is down 50% but I have diamond hands, I'm not selling.”
“Only investors with diamond hands will survive this crash.”
“He sold at the first sign of a dip, he has paper hands, not diamond hands.”
Origin & History
The term and its associated emojis became extremely popular on the Reddit forum r/wallstreetbets during the GameStop (GME) short squeeze event in early 2021. It became a rallying cry for retail investors holding the stock against institutional short-sellers.
Frequently Asked Questions
What are 'paper hands'?
'Paper hands' is the opposite of 'diamond hands.' It's an insult for an investor who panics and sells their assets too early, at the first sign of trouble, often locking in a loss.