‘Paper hands’ is a term often used in the context of trading in cryptocurrency. It refers to someone who is hesitant to hold on to their digital assets and quick to sell at the first sign of a price drop or market uncertainty. By contrast, someone with ‘diamond hands’ is known to hold on to assets even when there’s pressure to sell during downturns or losses.
The term is often used to criticise such traders for being too timid and not having the conviction to hold on to their position for the long term. Some may use the term ‘paper hands’ to imply that the trader is not committed to the asset or project and is easily swayed by short-term market movements.
It is important to note that in cryptocurrency trading, there is no one-size-fits-all approach, and different traders may have different risk tolerances and trading strategies. It is always important to carefully consider personal financial goals and risk profile before making any decisions.
