NGMI
NGMI stands for "Not Gonna Make It" and is a slang term commonly used in the cryptocurrency and broader Web3 space. It refers to someone perceived as unlikely to succeed, often due to poor decisions, a lack of understanding, or pessimism about the potential of blockchain technology and crypto investments. The term is often used humorously but can also be dismissive or critical.
When NGMI is Used:
- Poor Investment Decisions: Someone selling their assets prematurely or buying into hype projects without research.
- Lack of Belief: Dismissing the potential of blockchain, NFTs, or cryptocurrencies.
- Panic Selling: Exiting a market in fear during price corrections, missing out on long-term gains.
The Opposite of NGMI: The term WAGMI (We’re All Gonna Make It) is often used to express optimism and belief in the success of a project or community.