What Are Diamond Hands in Crypto?

What Do Diamond Hands Mean?

The term “Diamond Hands” is used to describe an investor who holds onto their investment despite huge price fluctuations. When the market dips and crashes, “Diamond Hands” continue holding their positions in hopes that their investment will rise again. Conversely, “Diamond Hands” also continue holding their position even if the price is going up as they are known to only sell their investments after huge pumps in price.

It is a term used among crypto and investment communities due to the high volatility of their investments. Investors with “Diamond Hands” are associated with having a high-risk tolerance.

Connotation 

The term has a positive connotation. If someone is described as having “Diamond Hands”, they are known as reliable and strong-willed. 

Synonym

The term “Diamond Hands” is also associated with “HODL”. An acronym for “Hold on for dear life”, is used to urge other investors to hold onto their positions. 

Antonym

The term “Diamond Hands” contrast with “Paper Hands”, which refers to someone who sells their positions too early due to price fluctuations. The term “Paper Hands” carries a general negative connotation. 

Origin 

The term gained popularity during the notorious GameStop short squeeze in 2021 on Reddit, where investors caused a surge in the price of the stock. During that period, investors urged other investors to “Diamond Hand” the stock and hold their positions. 

Examples

On Twitter, the term is also used as a hashtag, #DiamondHands, to encourage people to hold on to their positions. 

I wake up. #safemoon is down 33%. All of #crypto is crashing. I’m unbothered cause I’m in it for the long haul anyway. #DiamondHands

— Dave Portnoy (@stoolpresidente) May 19, 2021

Here are some other ways "Diamond Hands" can be used:

• I have diamond hands 

• Diamond Hands Prevail 

• I am diamond handing this!

Diamond Hands Will Make Millions.

— JAKE (@JakeGagain) July 5, 2023

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Hwee Yan

Hwee Yan has been involved in the cryptocurrency space since 2021. Currently pursuing a degree in Linguistics and Multilingual studies at Nanyang Technological University, she is a writer who is mainly interested in NFTs, crypto trends and memecoins. Follow the author on Twitter @cryptohy8