What is NGMI in Crypto?
Despite being around for just a few years, the crypto community has developed an entire lexicon of slang terms. Some slang terms are meant to be encouraging, such as the term “WAGMI”, which is short for “we’re all gonna make it”. Think of it as a rallying cry to hype up NFT holders on the potential for their project to skyrocket in value.
On the other hand, crypto traders also use slang terms to warn each other of oncoming threats and problems, as well as potentially bad financial decisions. These slang terms help traders sharpen their trading strategy.
Here, we discuss a term that is often used as a warning for other traders: NGMI.
What Does “NGMI” Stand For?
‘NGMI’ stands for “Not Gonna Make It”. This popular slang term is often used when someone makes a poor financial decision or shares an opinion that doesn’t jive with that of the group. The phrase is something of a prediction and a warning – continue on your path, and you won’t make it out unscathed.
Some NFT holders also use NGMI in a self-deprecating way, saying it out of fear that they’ve made a wrong move with their crypto assets.
Where Did The Term “NGMI” Originate?
The term “NGMI” is an offshoot of the slang term “WAGMI”, which first became popular on the message board 4chan. The first usage of the phrase can be traced back to late fitness guru Zyzz or Aziz Shavershian, who used the term as a catchphrase in his motivational YouTube videos.
In 2021, crypto traders posting to the /biz/ board of 4chan started to use the term to hype other users up in the face of the volatile world of crypto trading. It was also used as a way to encourage other crypto enthusiasts to keep going in the face of harsh criticisms toward NFTs and NFT holders.
As “WAGMI” became commonplace in the crypto space, various iterations of the term started to surface, including GMI (gonna make it), YGMI (you’re gonna make it), and NGMI.
Given the volatile nature of cryptocurrency, traders and crypto enthusiasts have devised their own language to inspire each other and warn one another of potentially bad moves. So, if someone tells you “NGMI”, don’t get offended. Think of it as someone looking out for you and helping you avoid a mistake that could result in major financial losses.
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