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Imagine risking $8,000, watching it go to $5.7 billion a year later, not cashing out and going down as the biggest diamond hands in history. At the very least
by LurkingPenguin 5y ago
Imagine risking $8,000, watching it go to $5.7 billion a year later, not cashing out and going down as the biggest diamond hands in history.
At the very least you could create a commemorative diamond hands NFT collection and walk away with a few million.
- gaws 5y ago> going down as the biggest diamond hands in history. go back to reddit
- adventured 5y agoThere have been much larger diamond hands scenarios. A Japan dotcom bubble billionaire, Yasumitsu Shigeta, went from $42 billion at the peak in 2000, down to $600m by 2009 as his shares of Hikari Tsushin (mobile phone distributor) sank. Still extraordinarily rich, however that's a remarkable $41 billion decline. He went from being worth $1b to $25b in one year in 1999. Masayoshi Son rode Softbank down by something around $75b after the dotcom bubble. Softbank lost 98% of its stock market value. There were obviously a lot of billionaire wipeouts during the US dotcom bubble as well, as people held and sank, although none quite as dramatic as those two declines.
- bhaak 5y agoLOL. Usually "diamond hands" isn't used for the kind of holders that lose everything. But I really like those examples. Decreases the survivorship bias you have when this term is usually referred to.