NGMI

What does NGMI means?

An acronym for “Not going to make it.” It’s the opposite form of “GMI.” The NFT and crypto community use this term to express hopelessness. For example, you might say an NFT or crypto trader is NGMI due to a poor investment decision.

Examples

Here’s an assertive example; taken from a tweet by @_Cryptonomical:”If you are selling your @Thefuckupsnft, you’re #NGMI.“
And here’s another contextual usage of NGMI by @saifedean:“If Bitcoin works, it obsoletes central banks. This is the most economically & politically significant development happening anywhere today. If you’re being distracted from that by people selling centralized securities pretending to be decentralized or jpeg receipts, you are #NGMI”
This stern tweet by @patty_fi:“If you can’t make memes and wear an NFT as a pfp it’s probably NGMI.”

Random Slangs

QR code

Also known as “Quick Response code.” It’s a set of matrix squares (typically black and white) only readable by a machine that stores certain information

Pumping

It describes a continuous rise in the price or an increase in the value of a digital asset or coin. Examples “Pumping after dump:” Describes

(Floor) sweeping

Buying an NFT in bulk at its lowest price, probably below or at the FP rate. For instance, project owners can sweep the floor of

Secondary market

It refers to a direct transaction between investors in the crypto market. In NFT, the secondary market typically comes up after minting, phasing out communication

Bot

A bot is an automated program bearing instructions to execute a specific task. Discord bots are good examples of how the NFT community uses bots