[onion2k]

Imagine risking $8k and cashing out with just $5.7m to $57m a year later. Who would even bother?

[LurkingPenguin]

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.

[adventured]

There 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]

LOL. 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.

[gaws]

> going down as the biggest diamond hands in history.

go back to reddit

[ectopod]

$57m to $570m

[onion2k]

Maybe it'd be worth it after all!

With my dismal math skills I won't be making any profitable trades though.