Paper hand is a term in the currency circle, used to refer to those in the th Investors who sell their assets out of fear, panic, or lack of belief at the first sign of loss. The term is often used pejoratively to describe someone who doesn't have the courage or patience to stay invested when the market falls.

The origin of this metaphor is that paper is fragile and easily damaged. The opposite is the Diamond hand, which symbolizes investors who insist on HODL no matter how the market fluctuates.