NGMI: Crypto + DeFi Terminology for Degens and Normies Alike

Token Fest

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.

Entire platforms are NGMI if they don’t get crypto and NFTs.

When Someone Has “Paper Hands”

Meaning: An intolerance for price swings and can’t cope with the volatility of DeFi.

> build your reputation on crypto / @niftygateway
> talk about how this community made you everything you are
> β€œget spooked by the volatility”
> dump 50m ETH
> choose centralized valueless fed issued shitcoin instead

Disappointing tbh

NGMIβ€” Sasha (@painswitch) March 24, 2021

When They Don’t See The Value In DeFi

Or don’t get some core DeFi concept.

its funny but tardfi ppl very easily understand ETH as a “better/different BTC”, yet they are completely incapable of grasping the concept of stablecoins

i spent an hour talking to a tardfi guy, he doesnt understand why ETH would have “any other coins besides ETH”β€” 찌 G θ·» じ ( π™ƒπ™šπ™£π™©π™–π™ž, π™Žπ™šπ™£π™₯π™–π™ž ) (@DegenSpartan) September 12, 2021

you dont believe in passive income? ngmi broβ€” 찌 G θ·» じ ( π™ƒπ™šπ™£π™©π™–π™ž, π™Žπ™šπ™£π™₯π™–π™ž ) (@DegenSpartan) September 10, 2021

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.

so many rituals. so many ngmi.β€” Lost Boy – Temple Steward (@lostboyfi) September 2, 2021

When A New Advancement Doesn’t Match The Hype

Always much-heralded advancement in tech.

In DeFi, you don’t.

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