Nicole is a professional journalist with 20 years of experience in writing and editing. Her expertise spans both the tech and financial industries. She has…
“Not Gonna Make It,” or NGMI, is a slang term often used in online communities, particularly in the context of cryptocurrency investing and trading. It originated from social media platforms and conveys a lack of confidence or a sense of frustration.
People often use the term to ridicule an individual or a cryptocurrency as a failure.
Cryptocurrency trading involves buying and selling digital assets like bitcoin (BTC), ether (ETH), or other altcoins in the hopes of making a profit. However, the market is highly volatile and can be challenging to predict, leading to potential losses for inexperienced or uninformed traders.
When someone uses the term NGMI, they are expressing doubt or skepticism about the ability of another person – or even themselves – to make successful trades or generate consistent profits in the market. It could be a self-deprecating comment or an acknowledgment of the risks and difficulties associated with trading or finding cryptocurrency to invest in.
The term can also be used to make fun of a particular project, such as a newly launched meme coin.
NGMI is the opposite of “We’re All Gonna Make It” (WAGMI), which has a positive connotation expressing confidence.
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Nicole is a professional journalist with 20 years of experience in writing and editing. Her expertise spans both the tech and financial industries. She has developed expertise in covering commodity, equity, and cryptocurrency markets, as well as the latest trends across the technology sector, from semiconductors to electric vehicles. She holds a degree in Journalism from City University, London. Having embraced the digital nomad lifestyle, she can usually be found on the beach brushing sand out of her keyboard in between snorkeling trips.
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