What is WAGMI?
Like any growing group, the crypto community has its own language. Hop onto any crypto space like crypto Twitter or an NFT Discord server and you’ll find unique terms like “wen lambo”, “ape in”, and “WAGMI”.
While it may seem intimidating at first, getting yourself up-to-date on these terms will help you establish deeper connections with other crypto enthusiasts and gain insider knowledge on navigating NFT marketplaces.
Here, we unpack the meaning behind the popular catchphrase “WAGMI” and other related terms.
What Does “WAGMI” Mean?
“WAGMI” is short for “We’re All Gonna Make It”. It’s a term widely used in the crypto community as a way to boost confidence and build camaraderie, as it points to the future when investments on a non-fungible token or art projects bring in excellent returns.
Sometimes, people use WAGMI as an expression of relief or gratitude in the face of a good decision or good news that benefits a particular community.
In a way, WAGMI is kind of like a battle cry for everyone in a community. A call to not lose hope, given all the uncertainty surrounding crypto investment, and a celebratory phrase for any successful outcome that paves the way for financial freedom.
Other terms similar to WAGMI include:
- GMI: Gonna Make It
- WGMI: We’re Gonna Make It
- YGMI: You’re Gonna Make It
Where Did “WAGMI” Come From?
The term “WAGMI” first came up on the popular message board 4chan, particularly on the /fit/ fitness board. The first usage of the phrase is traced back to fitness guru Zyzz or Aziz Shavershian, who would upload motivational YouTube videos prior to his death in 2011. According to Know Your Meme, Zyzz’s catchphrase became popular among the online bodybuilding community as a way to inspire each other to cope with the struggles of daily life.
In 2021, the phrase became popular once more, this time on the /biz/ board of 4chan. Members who were trading crypto would hype each other up with this statement, given the volatile nature of stocks and the criticisms that crypto enthusiasts received on the perceived “worthlessness” of NFTs.
As NFTs increased in popularity, prices skyrocketed, and with NFT Twitter booming, the phrase became a rallying cry.
What Does “NGMI” Mean?
“NGMI” stands for “Not Gonna Make It”. It’s often used as an expression when someone within a crypto or NFT group makes a bad decision or shares an opinion that goes against the general consensus held by the group – as if to predict that the action or opinions will lead to failure.
Sometimes, NGMI is also used by NFT holders in a self-deprecating way when they have fears over their own judgments in buying and selling.
Crypto is a very volatile endeavor, and for many, having a supportive network of like-minded individuals is all it takes to overcome unforeseen circumstances. Saying WAGMI is kind of like manifesting the best possible outcome for everyone involved – it’s like saying, “We’re all in this together”.
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