What does WAGMI mean in crypto?

WAGMI meaning in crypto is we're all gonna make it. It is a rallying cry that crypto users post on social media to signal confidence and a sense of community, often when markets are shaky. Its mirror image, NGMI, means not gonna make it.

What does WAGMI mean in crypto?

Ledger's glossary describes WAGMI as a phrase used to push back against uncertainty and boost confidence in the market. BabyPips adds a broader sense, the idea that anyone, whatever their background, could do well enough from crypto to become financially independent.

BitMEX notes that the phrase is often used during downturns, as a way to keep morale up and discourage panic selling. Typical posts pair it with a loss or a long wait, along the lines of down a lot this month but WAGMI.

On origin, Ledger traces the phrase to an online motivational video by bodybuilder Aziz Shavershian, known as Zyzz, and says the WallStreetBets forum on Reddit popularized it in 2021 before it spread through crypto culture. BitMEX places early crypto use on 4chan and Crypto Twitter in the late 2010s. Accounts differ, so treat any single origin story with care.

What does NGMI mean?

NGMI stands for not gonna make it. BitMEX describes it as a blunt verdict on someone making poor choices, such as panic selling or chasing hype. BabyPips gives a narrower use, someone who sells during a dip or takes profit too early and misses later gains, which links it to the idea of diamond hands and paper hands.

NGMI can also be used to mock people outside a group. Typefully notes that in crypto and NFT circles it can be a snarky label for those who disagree with the community.

What does WAGMI mean in web3?

In web3 communities, WAGMI works as an in-group signal, much like GM. Posting it shows you know the lingo and belong. Typefully lists WAGMI alongside gm, gn and fren as part of that shared vocabulary.

Is WAGMI meant sincerely or as sarcasm?

Both. Ledger and BabyPips note that WAGMI is also used sarcastically, to mock influencers who make unrealistic price predictions or promote coins for their own gain.

BitMEX makes a practical point. WAGMI can become a way of coping with losses rather than analysing them, and hope is not a substitute for checking a project's fundamentals. If a WAGMI post is the main reason given for holding a token, it is worth asking what the evidence is. Our guide on how to research a crypto project covers where to look, and the crypto glossary explains related terms like HODL and DYOR.