Diamond hands

Yesterday was a great sports Sunday. I was tired so I decided to stay home and watch sports all day. It was a great day to do so. In the middle of yesterday’s 49ers game I wrote about how gritty the Niners and Klay Thompson have been. The Niners ended up pulling out a comeback win in overtime against the Rams to secure a playoff spot. Klay Thompson dropped 17 points in his first game in 2.5 years. It was a great day to be a San Francisco sports fan.

On another note, I woke up this morning to further losses in the stock market and crypto followed suit. It’s been a long month of losses and my liquid portfolio has shrunk considerably.

One of my favorite crypto/web3 phrases is diamond hands. If you have diamond hands, you’re an investor who doesn’t sell despite downturns or losses. In other words, you stick to your guns when things get tough.

Given the way the market has been, a lot of us need to find our diamond hands. Given the day and age, it’s easy to panic sell. Yet no one on the planet knows for sure where the bottom is here. It was only a year and half ago that we saw the market rebound in record fashion after a record drop due to the pandemic.

There will be better days ahead. We all just need to stay in the game long enough to reap the benefits of our diamond hands.