All terms
Holding through severe drawdowns without selling.
Diamond hands describes someone who does not sell no matter how ugly the chart gets. It is celebrated in crypto culture as a virtue.
It is worth remembering that conviction and stubbornness look identical in the moment. The difference only shows up later.
Diamond hands through an 80 percent drawdown is admirable if the asset recovers and ruinous if it does not.
That holding is always the brave choice. Holding is right when the reason you bought still holds and wrong when it does not, and the phrase exists mainly to shame people out of selling. It is a slogan, not a strategy.
Common questions
Are diamond hands a good thing?
How do I know when to stop holding?
Where to go next
More culture terms
Want this explained out loud?
Some of these land faster in conversation than in writing. Sessions are one to one and you can ask anything, including the things that feel too obvious to ask.