Not Gonna Make It (NGMI) Definition - BabyPips

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NGMI is slang for “Not Gonna Make It“.

It describes someone missing out on profits or gains because she either doesn’t have diamond hands and is thinking about selling her bag because of a dip, or she wants to lock in profits rather than just hodling and waiting for even bigger gains.

NGMI is also another name for a shitcoin.

While you’ll see references to NGMI on Crypto Twitter, you’ll see it even more frequently in the world of NFTs, especially NFT Twitter and Discord groups.

“I’m taking my bag of NGMI worth $3 to the corner to cry.”

Related Terms

• Paper Hands

  Paper Hands is a slang phrase made popular on Reddit, describing crypto traders who sell too early because they don’t have a risky bone in their body. They’re completely afraid of losing money because the risk of holding their open position is too high for them to handle.

• Bag holder

  A Bag Holder normally describes someone that bought a currency at some price, only to see the digital asset’s price drop before he got a chance to sell it. Now he’s stuck with a bag of worthless cryptocurrencies. You don’t want to be a bag holder.

• Fear Of Missing Out (FOMO)

  an acronym for “Fear Of Missing Out”, describing an overwhelming emotion of anxiety felt by crypto investors and traders when they expect a digital asset’s value to increase.

• Diamond Hands

  Slang used to refer to cryptocurrency traders who hodl no matter what is going on with the price of the digital asset they’re holding.

• Bag

  A Bag or “Holding A Bag” is slang for owning some quantity, large or small, of a specific cryptocurrency.

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