Crypto language: how WAGMI, NGMI, and GMI affect traders' mood

Where Trader Memes Come From

In the crypto community, a unique vocabulary has developed, filled with abbreviations and phrases that have become markers of culture. One of the most popular is WAGMI, which stands for “We're All Gonna Make It” (we will all succeed). This term has firmly established itself in Discord and Telegram group chats, DAO communities, and Twitter threads, where participants in crypto projects and investors in Bitcoin, NFTs, and other assets share their expectations daily.

Optimism vs Pessimism: NGMI and GMI

The opposite of WAGMI is represented by two other acronyms that express polar positions. NGMI stands for “Not Gonna Make It” ( won't make it ) and sounds like a sarcastic acknowledgment of defeat. This expression is often used ironically when discussing risky decisions or misguided strategies. On the other hand, GMI ( “Gonna Make It” — will make it ) — is a strong statement of faith in success, more confident than just an optimistic outlook.

What WAGMI Means for Crypto Culture

WAGMI embodies the common belief that collective efforts and a positive mindset will inevitably lead to victory. This is particularly relevant during times of market turbulence when prices are falling and uncertainty grips the market. The phrase serves as a motivational anchor for the community, reminding participants of the long-term potential of cryptocurrency and the Web3 ecosystem.

When Bitcoin experiences a correction or doubts arise about the viability of a project, WAGMI serves as a way to restore morale. It is not naive faith in a miracle, but rather an expression of readiness for joint actions and resilience in the face of challenges.

Where these expressions meet

The trio of terms WAGMI, NGMI, and GMI circulates across all major channels of the crypto community — from decentralized organizations (DAO) to Twitter discussions. Investors use them when discussing specific goals, personal challenges, or assessing the prospects of a particular asset. The culture of these expressions shows how deeply memes and slang are woven into the fabric of the crypto ecosystem.