Not Gonna Make It: NGMI In Crypto Explained

NGMI is a popular crypto slang term that stands for ‘Not Gonna Make It’. It’s commonly used in cryptocurrency communities to playfully tease someone. It’s generally used when someone makes poor trading decisions or misses opportunities in the crypto market.

This term has become an important part of crypto culture, even though its origin didn’t happen within the industry.

Key takeaways

• NGMI means ‘Not Gonna Make It’ and is used to describe unsuccessful crypto trading decisions.
• The term originated in online fitness communities and made its way to the crypto community.
• Although used as friendly slang, it can sometimes represent bad behavior in trading communities.
• The opposite of NGMI is WAGMI (We’re All Gonna Make It).

Not Gonna Make It (NGMI) explained

If you’re actively scrolling around crypto Discord servers, Reddit channels, or Telegram groups, chances are you’ll often see this term associated with questionable trading moves. The slang is generally used within trading circles whenever the community identifies mistakes or missed opportunities.

Traders typically use NGMI when someone:

• Sells assets moments before a price surge.
• Misses valuable NFT launches.
• Holds through obvious profit-taking opportunities.
• Falls for common crypto scams.
• Panic sells during market corrections.

The term also extends beyond simple trading decisions. Traders apply it to various situations, such as overlooking major technological updates and dismissing promising blockchain projects. ‘NGMI’ is also used in some situations when a trader takes excessive leverage positions or ignores important market indicators.

When was NGMI first mentioned?

The exact time or origin of this slang within the crypto community is unclear, but it started becoming popular during 2020/21.

The crypto community adapted it from fitness forums. The term was used in the fitness industry when an individual doesn’t put in the required work for their fitness goals.

The 2021 bull market ramped up its usage as several coins touched their all-time highs during that time. Several traders also picked up the phrase during the NFT boom and began using it to describe missed mints that led to life-changing opportunities or selling promising collections too early.

What to do when you hear someone say it

Receiving the NGMI label doesn’t mean that it is the end of your crypto journey. In a situation where someone uses this term, here’s how to respond:

• It’s better to consider it constructive criticism.
• Reevaluate your crypto portfolio strategy.
• Learn from experienced traders who share their past mistakes.

Successful traders generally take NGMI moments and learn from the mistakes they made. They study market psychology, improve their technical analysis skills, and develop stronger risk management strategies. These experiences often lead to better trading discipline and help to make better decisions.

The impact on crypto culture

NGMI is one of many terms that crypto communities use to interact and share knowledge.

It pushes investors to conduct deeper research and analyze market trends more carefully. In addition, it helps users to think critically about their investment decisions.

However, the term can create pressure to make quick decisions or follow crowd sentiment. Smart traders balance community feedback with their own research and risk tolerance.

The term has also influenced how crypto projects communicate with their communities. Many projects now focus on transparent communication and comprehensive education to help users avoid NGMI situations.

Conclusion

Depending on person to person, NGMI can either be taken as a warning or a learning tool. Instead of fearing the NGMI label, use it as motivation to enhance your crypto trading knowledge and skills.

Success in crypto requires a balance of research, strategy, and risk management. While NGMI moments happen to everyone, they don’t define your trading journey. Remember that cryptocurrency markets act like a rinse-and-repeat method, and opportunities will likely return.

To sum it up, NGMI should only be used to motivate you to prepare better for future opportunities rather than worry about missed ones.