NGMI is an abbreviation of "not gonna make it", a phrase used across crypto social media to say that a person, project or decision is likely to fail. It can be a joke, a jab at someone who sold too early or ignored a trend, or a self-deprecating comment after a poor trade ("sold at the bottom, NGMI"). Its opposite is WAGMI, "we're all gonna make it", a rallying cry of optimism that spread during the 2021 NFT boom. Both terms belong to the same online vocabulary as HODL, rekt and degen, and they say more about community mood than about any real analysis. Calling someone NGMI for being cautious is also a form of social pressure that can push newcomers toward risky bets. Also see diamond hands.