NGMI: Crypto + DeFi Terminology for Degens and Normies Alike
By | Updated April 8th, 2024
What does NGMI mean?
NGMI is the acronym for the words “Not Gonna Make It” and is usually deployed when a person is exhibiting “paper hands”, constantly buying at the top, or just never knowing where to put their money.
If you’re freaking out today because #BTC is down 3.5% this should be a sign that your position sizing is too large or that you simply are NGMI.
— Wick (@ZeroHedge_) October 21, 2021
This is crypto. -3.5% is nothing. We’ll have way more volatility on the way up to 100k than what we’re seeing today. Buckle up.
Entire platforms are NGMI if they don’t get crypto and NFTs.
Steam apparently announced that they're banning all NFT & Blockchain games from their platform lol
— Nizzy🍌 (@NizzyNFT) October 15, 2021
Steam is ngmi
When Someone Has “Paper Hands”
Meaning: An intolerance for price swings and can’t cope with the volatility of DeFi.
When They Don’t See The Value In DeFi
Or don’t get some core DeFi concept.
When They Can’t Figure Out Something Technical
Typically it is something that’s easy for more experienced users like Discord verification or using MetaMask.
When A New Advancement Doesn’t Match The Hype
Always much-heralded advancement in tech.
If your chain is paying anything more than pennies in gas for a tx… NGMI
— Pool 2. Paulie (@Pool2Paulie) September 4, 2021
Wasn't this supposed to be like 270x times cheaper? https://t.co/YmGdMFDRRy
In DeFi, you don’t want to be labeled as “NGMI” because, well, you want to make it, don’t you anon?