What is
Crypto slang for poor decisions likely to fail. Opposite of WAGMI (We're All Gonna Make It). Used humorously or critically about bad trades or weak hands.
'NGMI' (Not Gonna Make It) is crypto slang used to describe someone making poor decisions that will likely lead to failure - selling too early, falling for scams, or panic selling during dips. It's the opposite of 'WAGMI' (We're All Gonna Make It). The term can be used self-deprecatingly ('I sold my ERG at the bottom, NGMI'), critically about others, or to describe projects with poor fundamentals. While often humorous, it reflects the crypto community's culture of learning from mistakes and maintaining conviction.
Understanding crypto community slang
Recognizing risky behaviors to avoid
Participating in crypto culture
NGMI emerged from crypto Twitter and Discord culture. Common NGMI behaviors include: selling during dips (paper hands), falling for obvious scams, not doing research (no DYOR), and FOMOing into tops. The term creates social pressure to hold through volatility and make informed decisions.
Common questions about this topic
Start by getting a wallet (Nautilus for browser, Terminus for mobile). Back up your seed phrase securely offline. Get some ERG from an exchange (Gate.io, KuCoin) or DEX (Spectrum). Make a test transaction. Then explore: try DeFi on Spectrum, check out NFTs, or dive into the technology if you're a builder.
This is not financial advice. Ergo has strong fundamentals: fair launch (no VC dump risk), innovative technology (eUTXO, Sigma Protocols, NiPoPoWs), active development, and a cypherpunk ethos. It's a smaller market cap project with higher risk/reward than established chains. Research thoroughly, understand the technology, and never invest more than you can afford to lose.
Building DeFi on Ergo starts with understanding the eUTXO model and ErgoScript. Unlike account-based chains, Ergo's box model provides deterministic execution, no MEV by design, and predictable gas costs. Use Oracle Pools for price feeds, and leverage existing patterns from Spectrum Finance and SigmaUSD.
Ergo had no pre-mine, no ICO, no VC allocation. 100% of ERG comes from mining. This means no insiders dumping on you, no VCs controlling governance, no foundation with majority stake. Fair launch creates genuine decentralization - the network belongs to miners and users, not early investors seeking exit liquidity.