When "NGMI" becomes the expression of every trader

Why is everyone still talking about NGMI?

“NGMI” is the abbreviation for “Not Gonna Make It” (I won't make it), a phrase that has become increasingly popular in the cryptocurrency community. Although it initially seems to be a pessimistic phrase, it reflects the reality of a sentiment that many investors experience every day on Twitter and in trading-focused social media groups.

How NGMI Evolved from a Joke to Reality

In the active era of crypto markets, the term NGMI has gained a special meaning. Users use it not necessarily to express despair, but rather as a form of ironic-amusing self-criticism. When an NFT project with an absurd premise or a meme coin with a clever name launches an aggressive campaign, observers comment “NGMI” for sarcasm under the guise of a commonly used expression.

The traditional counterpart of this sentiment is “To the moon” (To the moon!), the optimistic expression that enthusiasts use to express their belief in the potential of a digital asset. NGMI is essentially the antipode of this excessive optimism.

NGMI in the context of cryptocurrency investments

When the discourse around a cryptocurrency project becomes too irate or the speculative press too aggressive, expert commentators resort to NGMI to express their skepticism. This does not necessarily mean that the project is doomed to fail, but rather that the fundamentals or launch strategy seem compromised.

The cryptocurrency market is notorious for its extreme volatility and poor predictability. Even though NGMI can be wielded as a critique to say, reality shows that serious analysis and risk management are much more useful than uncontrolled enthusiasm. Investors who wish to succeed should base their decisions on concrete data and careful studies, not on momentary feelings or crowd movements.

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