In today’s edition of our ongoing series at The Daily Shard, Know Your Downmarket we explore the idea of paper meeting hands: Paper Hands. Rock, paper… hands? Maybe we’ll explore the idea and define it, or maybe we’ll just keep making obscure references to paper-based hand games. Read on to find out which we pick.
What are Paper Hands?
When it comes to trading in the crypto markets, there are two types of people: those with paper hands, and those with diamond hands. Paper hands are weak and easily scared out of a position, while diamond hands are strong and can weather any storm. So, which one are you?
If you’re not sure, then let me explain.
What are paper hands? In the world of crypto trading, paper hands are investors who sell their assets at a loss, usually due to market conditions.
GameStop is a perfect example of this. Recently, the stock market took a dive and GameStop was one of the hardest hit stocks. Many investors sold their shares at a loss, resulting in paper hands.
Diamond hands, on the other hand, are investors who hold onto their assets no matter what. They believe in the long-term potential of their investments and are willing to weather any storm.
So which group are you in? Are you a paper hand or a diamond hand?
Still reading? Well we wrote a poem about paper hands just for you
Paper hands are for lovers
To hold when they’re feeling shy
To write a letter of love
And to give a gentle kiss goodnight
For paper hands are made of love
And they know just how to care
To hold and to touch and to feel
All the love that we share
Okay, that’s all we got now, nothing left to give on this topic.
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