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What do “diamond hands” and “paper hands” mean? 💎🙌
Diamond Hands and Paper Hands are popular Internet slang phrases that describe the risk appetite of stock traders. In other words, how likely are they to sell if the price drops or if they make a modest profit?
These phrases are popular on discussion boards such as Stocktwits and Reddit’s WallStreetBets subreddit.
What are Diamond Hands?
A stock trader with diamond hands will hold until the bitter end. They are undeterred by large swings in the price. If they are holding a call option that is due to expire in two days, they will hold for longer. Regardless of whether they have already made a huge profit or not.
For example, if the price of Bitcoin drops by 30% in one day, they will not sell. Instead, they will continue to hold in the hope that the price recovers and reaches a new ATH (All Time High). They might even buy more.
What do the diamond emoji and hands emoji mean? (💎🙌)
On Reddit, Twitter and Stocktwits, users will sometimes post the diamond emoji and the hands emoji together instead of actually typing out the phrase.
When posted together, the diamond emoji and the hands emoji mean “diamond hands”.
Essentially, people with diamond hands are risk takers. And in some cases, they are gamblers who inevitably end up wiping out a large chunk of their investment account. For every story of a diamond-handed trader that made it big, there are dozens of stories about people who lost almost everything because of greed.
Remember: Although high risk can bring a high reward, it can also leave you with nothing. In this crazy market of “stocks only go up”, a lot of people seem to have forgotten that the word “risk” means exposure to danger.
What are Paper Hands?
A stock trader with paper hands will sell at the first sign of trouble. They are also more likely to sell as soon as their investment turns green or breaks even.
This is also known as having “weak hands”.
In other words, a person with paper hands has such a low appetite for risk that they end up losing money and missing out on “gains”.
Take the following example.
Someone with paper hands will also sell at the first sign of a measly profit. The problem with this is that they end up missing out on even bigger gains.
Traders will sometimes use this phrase to insult others who are “taking profits” or bailing on a stock that is struggling. The idea here is that people will be less likely to sell if you accuse them of being cowards.
However, each situation is different. Selling a risky penny stock that is falling off a cliff isn’t the same thing as selling your shares in Apple because the price dropped by 5%. Similarly, locking in gains after a 25% return on your investment isn’t exactly stupid if you feel as though the stock in question has reached your target price and you can see opportunities elsewhere.
Do your own research and make your own decisions.
IN BITCOIN WE TRUST
Why exactly this shape? The circle is a symbol of unity, integrity, and completeness. Infinity and eternity. It divides the universe into two parts: one is order and the other is chaos. The circle represents the universe, and the circle-shaped ring represents the new world, embodying all the processes both inside and outside the cryptoworld.
There is the modern Bitcoin symbol at the center of the universe, instead of the Sun. The question arises: why is there no characteristic incline of the sign, which adds dynamics to the logo and emphasizes the coin’s volatility? This is not a mistake, but a reflection of diamond hands’ ideology: maintain the stability of your chosen decision to keep the coins no matter what. Curiosity about life in all its aspects, I think, is still the secret of great creative people.
CIRCULAR RING SHAPE
PEER TO PEER
DECENTRALIZATION
ANONYMITY
FREEDOM
TIME SYMBOL
There is a circle with Roman numerals from I to XII around the ring. It’s like the sundial’s face with the sign of bitcoin in the center that replaces an obelisk or a gnomon. After all, Bitcoin is a fundamental coin, that reflects the situation in the entire cryptoworld as a whole.
Neither the sundial nor Bitcoin were credible when they first appeared. People were prejudiced against innovation, downplayed the power of invention. It took a while to accept the changes. We are on the threshold of great discoveries; just be patient.
On the left side of the ring is a map of the world, symbolizing the unlimited possibilities of Bitcoin, the acceptance of its value by all countries.
The «Limited edition» inscription underlines the exclusivity of jewelry. You will enter a private club. This is a really limited edition: only 100 rings will be handmade. All are 750th gold purity, inlaid with diamonds 3.6 carats and emeralds 1.5 carats.
The shape of the ring’s side recesses, joined by a diamond pave, echoes the hourglass. It’s time that’s running out fast, making us understand how it is important to manage every minute effectively.
The ring holds many secret messages, and its underside is no exception. There is a binary code inside showing that all the information in the world can be transmitted as zeros and ones. It’s a universal cipher, and there’s a secret message behind our set of numbers, too. Below — hidden from prying eyes, but well known in the crypto world, principles that will support your solution all the time: HODL and DIAMOND HANDS.