What is the meaning of 'paper hand' in the context of cryptocurrency?

3 answers

• Dec 28, 2021 · 3 years ago
  A 'paper hand' refers to a cryptocurrency investor who sells their holdings at the first sign of price decline or panic, often resulting in losses. These investors lack the patience and conviction to hold onto their investments during market fluctuations. Their actions can contribute to increased market volatility and can be seen as detrimental to the overall stability of the cryptocurrency market. It is important for investors to understand the risks and potential rewards of cryptocurrency investments and to make informed decisions based on their own investment goals and risk tolerance.
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• Dec 28, 2021 · 3 years ago
  So, 'paper hand' is basically a term used to describe those weak hands who can't handle the ups and downs of the cryptocurrency market. They get scared easily and tend to sell their coins as soon as the price starts dropping. This behavior can sometimes create panic selling and cause the market to crash even further. It's important to have a strong hand and not let short-term price movements dictate your investment decisions. Remember, investing in cryptocurrency is a long-term game.
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• Dec 28, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, defines 'paper hand' as an investor who lacks the confidence and conviction to hold onto their cryptocurrency investments during market downturns. These investors often panic sell at the first sign of price decline, resulting in missed opportunities for potential gains. It is crucial for investors to develop a strong mindset and to understand that market fluctuations are a natural part of investing in cryptocurrencies. By staying informed and having a long-term perspective, investors can avoid falling into the trap of being a 'paper hand' and make more informed investment decisions.
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