Diamond Hands

Diamond Hands refers to an investor or trader who holds onto their Assets, particularly during periods of high volatility or market downturns, demonstrating a strong conviction in their investment strategy. This term is often used in the context of Stock and Cryptocurrency trading.

Examples of “Diamond Hands”:

• GameStop Short Squeeze (2021): Many Retail Investors held onto their GameStop Shares despite significant price fluctuations, believing in the company’s potential and opposing short sellers.
• Bitcoin Bull Runs: Investors who purchased Bitcoin at lower prices and continued to hold their investments during significant price drops, Trusting in its long-term value.

Cases:

• Reddit Communities: The WallStreetBets forum popularized the concept, where members encouraged each other to maintain their positions in volatile Stocks.
• Long-term Investments: Investors who buy Stocks for their fundamentals and hold them through market turbulence, reflecting a “diamond hands” mentality.