What Is WAGMI and NGMI?
Also known as: WAGMI, NGMI, We're All Gonna Make It, Not Gonna Make It
In short
WAGMI and NGMI are two slang acronyms widely used in the crypto community: WAGMI (We're All Gonna Make It) expresses optimism and solidarity, while NGMI (Not Gonna Make It) expresses criticism of someone who will not succeed.
WAGMI became popular on social media and Discord servers, especially during the NFT and bull market period of 2021. A project community says WAGMI to lift morale when prices fall or to emphasize commitment to a shared goal. NGMI, on the other hand, is usually used for people thought to be making a bad decision; for example, NGMI may be said of someone who shares their private key, panic-sells at a loss or falls for an obvious scam.
These expressions are part of crypto jargon such as HODL, FOMO, FUD and REKT, and they play a role in building community identity. They carry no serious meaning and are not evidence that a project will succeed; they are also commonly used ironically in bear markets. There is also a React library used by Ethereum developers called wagmi, which shares its name with the slang expression.
It should be remembered that WAGMI rhetoric can feed herd psychology and lead to ignoring risks. Community enthusiasm is no substitute for evaluating a project's fundamentals and risks through one's own research (DYOR).
Last updated: · This content is for information purposes only and is not investment advice.