NGMI, which means Not Gonna (going to) Make It, is a crypto slang that means there is no hope for a given situation.
An optimistic alternative to this is WAGMI, or We’re Gonna Make It.
Real Life Usage
Not Gonna Make It is typically used for failed crypto projects that have lost hope of revival and have gone beyond any possible recovery.
This can also be used for projects that have either rug pulled or are about to shut down.
Example
- NGMI is used to describe Terra Classic projects like LUNC and USTC which have zero hopes of recovery.
- It can also be used to describe Shiba Inu’s burn rate. The burn rate is in million of tokens where the total supply is above $589 trillion. At this rate, it would take thousands of years to bring Shiba Inu token numbers within a reasonable supply.
Popular Crypto Slangs
Altcoin
Altcoin is any alternative cryptocurrency except Bitcoin. However, despite being altcoins, stablecoins are not generally referred to as altcoins.
All-Time High
All-Time High is a term that is used to denote the highest price crypto has ever achieved. It is used by investors and traders (along with the ATH date) to see the long-term trend in that crypto’s price. Frequent ATHs are preferred more which shows that the price is growing fast.
Bullish
Bullish refers to the market sentiment where a cryptocurrency or the crypto markets are expected to grow higher. The factors that make crypto or the entire market bullish are fundamental developments (Dencun Upgrade in Ethereum), adoption (Bitcoin wallets reaching ATH), announcements (launch of ETFs, features), regulatory breakthroughs (ETF approval), and many others.
Its opposite is the state of being “bearish“.
Bearish
Bearish is a market sentiment that shows pessimism for a specific crypto or the entire market. The factors that can result in bearishness are bad regulatory actions (like ripple vs sec case), lack of adoption (in Cardano), and long periods of selloffs in the markets (line crypto winter).
The opposite of bearish is being “bullish“.
BUIDL
BUIDL is a modified term used for the on-chain development of existing as well as for the launch of new projects. It is believed that those projects that build more tend to attract more users.
DYOR
Do Your Own Research or DYOR is a concept where readers of news media websites, help articles, or viewers of crypto media channels are encouraged to research things on their own so that they can make better-informed decisions and avoid shilling, false promises, scams, and traps.
FOMO
FOMO, or Fear of Missing Out, is a psychological phenomenon in trading and investing where individuals feel compelled to join a popular trend due to the fear of missing potential profits.
FUD
FUD refers to Fear, Uncertainty, and Destruction (or Doubt), that arise in the minds of market participants due to a bad political, economic, or industry problem.
GMI
GMI in crypto stands for Gonna Make It and is used in a similar context as WAGMI but on a personal level.
Example: Suppose a trader has made a major loss but has enough crypto to resume his trading journey. He would say GMI or Gonna Make It.
Example 2: We could use Gonna Make It for Axie Infinity, which lost $625 million in a hack in 2022 but still had enough funds to cover its loss.
HODL
HODL is the acronym for Holding On to Dear Life. It signifies a long-term commitment to crypto investments, whereby one holds it like their dear life and does not sell it, whatever happens.
Mooning
Mooning is the rapid increase in the price of any cryptocurrency. The term originates from the phrase “to the moon” which means that a crypto’s price is expected to go very high in a short time.
NGMI
NGMI, which means Not Gonna (going to) Make It, is a crypto slang that means there is no hope for a given situation.
Example: USTC will never reach $1, NGMI.
Pump and Dump
Pump and Dump is a crypto technique used by Whales and sometimes even project owners where they buy/hoard (i.e., pump) a specific token to create a supply shortage. This shortage then spikes the price which attracts more people. At the peak of this price, the Whale or owner dumps, and the retail investor gets trapped.
Rekt
Rekt is used as the short form of Wrecked which means to get destroyed beyond any recovery. This is used to denote situations where a trader has lost so much money that recovery seems impossible at this stage.
WAGMI
WAGMI is generic crypto slang that means “We All (are) Gonna(going to) Make It.” It is used in bad situations where there is little hope and helps uplift sentiments.
Example: Bitcoin will cross $73.7k, WAGMI.
Whale
Whale are large crypto investors who can influence the market’s behavior due to the quantity of crypto they trade. Though there is no official trading volume to become a whale oftentimes we see Whales as those traders who buy or sell more than $100k worth of crypto in a single transaction.
