Technical Definition

WAGMI / NGMI

WAGMI expresses optimism that a community will succeed, while NGMI expresses doubt or criticism that someone or something will succeed.

By Crypto University Editorial
GMDiamond handsPaper hands

✦ Key Insight

These expressions can create community solidarity, but they can also encourage groupthink or pressure people into speculative decisions.

✕ Common Misconceptions

Neither phrase is evidence about an investment's quality or future returns.

Detailed Explanation

WAGMI means "We're All Gonna Make It." NGMI means "Not Gonna Make It." Both became common shorthand in online investing and crypto communities.

In Practice

“A community might post WAGMI after a successful launch or NGMI when criticizing a risky decision.”

Dig Deeper

Diamond hands

Diamond hands is slang for continuing to hold an investment despite large price swings or pressure to sell.

Paper hands

Paper hands is slang for someone who sells an investment quickly when prices fall or uncertainty increases.

Degen

Degen is crypto slang for a participant who embraces highly speculative, experimental or high-risk opportunities, often with limited conventional risk controls.

GM

GM means "good morning" and is commonly used as a friendly greeting in crypto and Web3 communities.