Diamond hands
Diamond hands is slang for continuing to hold an investment despite large price swings or pressure to sell.
✦ Key Insight
The phrase can encourage discipline, but it can also normalize ignoring risk or refusing to reassess bad investments.
✕ Common Misconceptions
Holding indefinitely is not automatically good risk management.
Detailed Explanation
In Practice
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HODL
Holding a cryptocurrency through volatility instead of trading in and out of it.
Paper hands
Paper hands is slang for someone who sells an investment quickly when prices fall or uncertainty increases.
Degen
Degen is crypto slang for a participant who embraces highly speculative, experimental or high-risk opportunities, often with limited conventional risk controls.
WAGMI / NGMI
WAGMI expresses optimism that a community will succeed, while NGMI expresses doubt or criticism that someone or something will succeed.