Weak hands</a>, spaghetti hands, and paper hands, </strong>are terms utilized in teasing those investors who sell their holdings after a big market crash. This means that he is on a completely different side of the spectrum.</p>\n<p>To be exact, diamond hands are those who have a long-term perspective on the market and aren’t afraid of taking risks. People within the group can also use the term in an emoji form or share adaptations of the Wolf of Wall Street to represent their tenacious viewpoint.</p>\n<p>This is a group of cryptocurrency bulls that refuse to sell even when the market is flooded with apparently never-ending <strong>FUD.</strong></p>\n<p>Even though the diamond hands are regarded as an outstanding group, other investors have cautioned them to \"take profits\" in <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-fiat/">
fiat or <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-stablecoin/">
stablecoins when the market spikes. Those with diamond hands, on the other hand, hardly accept profits because they are confident that the market, even if it falls, will revive and grow even greater.</p>\n<p>Those who have diamond hands can tell their friends, family, or followers to <strong>Buy The (F*******) Dip</strong>. On occasion, diamond hands purchase the dip, but the dip then continues dipping. So, the prices of cryptocurrencies can drop significantly, but there are individuals who will not sell no matter what.</p>\n<p>They are motivated by their faith that their favored cryptocurrency project will one day reach the <strong>moon.</strong> Essentially, if you have diamond hands, you are a <strong>highly positive individual</strong>, even if the events take an unexpected turn.</p>","level":"medium","meta_title":"What is Diamond Hands? 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Crypto?","featured_image_id":6532,"status":"published","chapter_id":7,"language":"en","order":9,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-rug-pull-in-crypto","featured_image":{"id":6532,"uuid":"be8043fb-078c-4487-9af9-d2d9c2b574ea","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","original_path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.jpg","name":"what-is-a-rug-pull-in-crypto.o.jpg","original_name":"what-is-a-rug-pull-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"92.28KB"},"youtube_video":null},{"slug":"how-to-avoid-rug-pulls-in-crypto","title":"How to Spot and Avoid Rug Pulls?","featured_image_id":6555,"status":"published","chapter_id":7,"language":"en","order":10,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-rug-pulls-in-crypto","featured_image":{"id":6555,"uuid":"80cbed9d-3b4b-45d9-9a85-d2d8108c0f32","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","path":"crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","original_path":"crypto/storage/media/how-to-avoid-rug-pulls.jpg","name":"how-to-avoid-rug-pulls.o.jpg","original_name":"how-to-avoid-rug-pulls.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"111.99KB"},"youtube_video":null},{"slug":"how-to-avoid-crypto-taxes","title":"The Key Legal Techniques of Avoiding Crypto 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Analysis","slug":"crypto-analysis","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-analysis.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-analysis-101.jpg","rating":100,"sections":[{"slug":"what-is-bullish-and-bearish","title":"Bearish and Bullish Markets: Do They Matter?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-bullish-and-bearish","featured_image":null,"youtube_video":null},{"slug":"best-technical-analysis-indicators-for-crypto","title":"5 Best Crypto Technical Analysis Indicators You Must Know 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Tokens?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-track-new-crypto-coins","featured_image":null,"youtube_video":null},{"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-research-crypto","featured_image":null,"youtube_video":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-mining.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-mining-101.jpg","rating":80,"sections":[]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":268,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Difficulty?","slug":"what-is-difficulty","section":"D","keyword":"Difficulty","status":"published","definition":"is the degree of how difficult it is to validate a new block on a blockchain.","content":"<p>The difficulty is the degree of how difficult it is to validate a new block on a blockchain. <strong>Bitcoin is one of the most well-known examples of proof-of-work-based blockchains.</strong> In such a mechanism, a new block is added to the chain through mining - solving cryptographic problems.</p>\n<p><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/who-is-satoshi-nakamoto/">
Satoshi Nakamoto</strong></a>, the creator of <a href=https://www.bitdegree.org/"/crypto/buy-bitcoin-btc/">Bitcoin, could have mined<strong> the genesis block</strong> on a regular desktop computer. The difficulty then was measured as 1. Nowadays, the Bitcoin difficulty is approximately 20 trillion. So the increase of difficulty on the Bitcoin blockchain is tremendous.</p>\n<p>As a reward, the lucky miners receive new coins. Bitcoin is constructed with a strict maximum limit on the number of blocks that may be mined. No more coins will be granted after this limit is reached. However, <strong>hash power</strong> will still be necessary to keep the network running.</p>\n<p>To influence this the rewards for mining will be different - successful miners will get a part of the fees linked with transacting on the network.</p>\n<p>Also, the Bitcoin blockchain adds a new block every 10 minutes or so. Nonetheless, as hardware progresses, the speed with which cryptographic problems are solved will decrease with time. Besides, this is shown in the transition in mining equipment from traditional desktop or laptop computers to GPUs, and now too specialized ASICs running in massive, strictly controlled farm systems.</p>\n<p><strong>The cryptographic problems</strong> are made more complicated to compensate for the advances in device performance. This difficulty is always being adjusted in order to achieve a specified quantity of blocks mined every hour.</p>","level":"easy","meta_title":"What is Difficulty? Definition & Meaning | Crypto Wiki","meta_description":"Difficulty meaning: Difficulty - is the degree of how difficult it is to validate a new block on a blockchain.","meta_keywords":null,"language":"en","created_at":"2022-03-04T14:42:27.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-difficulty"},"prevSection":{"id":266,"original_id":null,"author_id":40,"translator_id":null,"title":"What is DEX Aggregator?","slug":"what-is-dex-aggregator","section":"D","keyword":"DEX Aggregator","status":"published","definition":"is a blockchain-based service that gives the opportunity for cryptocurrency traders to gain profit from several financial tools in a single interface.","content":"<p>In general, cryptocurrency exchanges can be put into two distinct categories, either <strong>centralized or decentralized</strong>. DEX aggregators function as a centralized search engine for the prices and liquidity provided by decentralized exchanges (DEXs).</p>\n<p>DEX aggregators have become a wanted service as cryptocurrencies have gone mainstream and the use of decentralized exchanges has increased.</p>\n<p>In 2019, The first ever DEX aggregator was developed as a component of a hackathon competition. Partakers in the competition believed that they required the aggregated data from several DEXs, however, it was not possible yet.</p>\n<p>In regards to that, <strong>Sergej Kunz and Anton Bukov</strong> developed the 1inch MVP in 18 hours at the same time as the hackathon was happening. The very first version lacked full functionality and upgrades, but it became a great example of why DEX aggregators are needed.</p>\n<p>DEX aggregators have grown in popularity since then. Similarly, there has been an increase in interest in <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-defi/">DeFi <strong>(decentralized finance)</strong>. Cryptocurrencies and blockchain technology have drastically transformed both personal and business finance, and DEX aggregators enable investors to make educated trade decisions.</p>\n<p>The simplest way to illustrate a DEX aggregator works is to put it next to a search engine. Services such as Google Flights provide aggregated data from several airlines, and users have the ability to choose the exact deal that works the best for them.</p>\n<p>DEX aggregators operate in a similar manner. <strong>They collect data from a variety of decentralized exchanges and allow divided trades in order to deliver the best pricing available.</strong> Furthermore, DEX aggregators do several computations and provide customers with the opportunity to make split transactions in order to obtain the best available swap value.</p>\n<p>In essence, crypto traders are unable to achieve this outcome because DEX aggregators do incredibly complex computations in a couple of seconds.</p>\n<p>Decentralized exchanges provide constantly changing pricing, and it is not that simple to come across the most fitting deal for the set users are looking into. In addition, crypto investors are beginning to choose DEXs more often, because they provide exceptional security and a better fit with the essential features of a cryptocurrency.</p>\n<p>Nevertheless, with the increasing adaptability and popularity of crypto, DEXs overload the market even more, and investors usually have a hard time selecting the best pricing and liquidity.</p>\n<p>DEX aggregators are quite handy in this situation. <strong>Although investors may attempt to use several exchanges, DEX aggregators depend on sophisticated algorithms to consider various aspects while picking the best potential supplier for a specific token swap.</strong></p>","level":"medium","meta_title":"What is DEX Aggregator? Definition & Meaning | Crypto Wiki","meta_description":"DEX Aggregator meaning: DEX Aggregator - is a blockchain-based service that gives the opportunity for cryptocurrency traders to gain profit from several financial tools in a single interface.","meta_keywords":null,"language":"en","created_at":"2022-03-04T14:24:24.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-dex-aggregator"},"currentChapter":"D","currentSection":"what-is-diamond-hands","chapterTitle":"D","readingLevel":"medium"},"url":"/crypto/learn/crypto-terms/what-is-diamond-hands","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0"> Crypto Terms: Letter D
What is Diamond Hands?
Diamond Hands MEANING:
Diamond Hands -
On social media sites, the term "Diamond Hands" refers to users who continue to keep their coins after a 20% drop in the value of their portfolio.
Let's find out Diamond Hands meaning, definition in crypto,
what is Diamond Hands,
and all other detailed facts.
The term Diamond Hands is used on social media platforms referring to people who hold their coins despite their portfolio drawdown in value by more than 20%. Also, the term was popularized by r/wallstreetbets.
However, the term is more frequently used by someone who holds cryptocurrencies as a self-description. Those who say “I have diamond hands” indicate that cryptocurrencies are the future of finances, and it is only a matter of time until they will be adapted globally.
In a scenario where the market goes down, a lot of individuals in the diamond hands group will most definitely share their thoughts on social media platforms with some kind of interpolation of “diamond hands”.
Weak hands, spaghetti hands, and paper hands, are terms utilized in teasing those investors who sell their holdings after a big market crash. This means that he is on a completely different side of the spectrum.
To be exact, diamond hands are those who have a long-term perspective on the market and aren’t afraid of taking risks. People within the group can also use the term in an emoji form or share adaptations of the Wolf of Wall Street to represent their tenacious viewpoint.
This is a group of cryptocurrency bulls that refuse to sell even when the market is flooded with apparently never-ending FUD.
Even though the diamond hands are regarded as an outstanding group, other investors have cautioned them to "take profits" in fiat or stablecoins when the market spikes. Those with diamond hands, on the other hand, hardly accept profits because they are confident that the market, even if it falls, will revive and grow even greater.
Those who have diamond hands can tell their friends, family, or followers to Buy The (F*******) Dip. On occasion, diamond hands purchase the dip, but the dip then continues dipping. So, the prices of cryptocurrencies can drop significantly, but there are individuals who will not sell no matter what.
They are motivated by their faith that their favored cryptocurrency project will one day reach the moon. Essentially, if you have diamond hands, you are a highly positive individual, even if the events take an unexpected turn.
