What is the meaning of NGMI slang in the context of cryptocurrency investments?
![avatar](https://download.bydfi.com/api-pic/images/avatars/VoEtE.jpg)
Can you explain the meaning of the NGMI slang in the context of cryptocurrency investments? I've come across this term but I'm not sure what it refers to.
![What is the meaning of NGMI slang in the context of cryptocurrency investments?](https://bydfilenew.oss-ap-southeast-1.aliyuncs.com/api-pic/images/en/2d/4ba326d02351e3cc0184b30e9a7f53afc75812.jpg)
3 answers
- NGMI stands for 'Not Going to Make It.' It is a slang term used in the cryptocurrency community to describe a situation where an investor or trader is not expected to achieve their desired financial goals or success. It is often used to express pessimism or skepticism about a particular investment or trading strategy. For example, if someone says 'I bought this altcoin, but I'm NGMI,' it means they don't believe the altcoin will perform well and they don't expect to make a profit from it.
Feb 18, 2022 · 3 years ago
- NGMI is a slang term commonly used in the cryptocurrency world. It stands for 'Not Gonna Make It' and is often used to describe a situation where an investor or trader is not expected to be successful in their investments. It can be used to express doubt or skepticism about the potential of a particular cryptocurrency or investment strategy. For instance, if someone says 'I'm going all in on this new token, but I'm NGMI,' it means they don't have high hopes for the investment and don't expect it to yield significant returns.
Feb 18, 2022 · 3 years ago
- NGMI, which stands for 'Not Going to Make It,' is a slang term used in the cryptocurrency community to describe a situation where an investor or trader is not expected to achieve their desired financial goals. It is often used to express a lack of confidence or belief in a particular investment or trading strategy. For example, if someone says 'I'm investing in this ICO, but I'm NGMI,' it means they don't have high expectations for the ICO and don't anticipate making a substantial profit from it. However, it's important to note that the use of slang terms like NGMI can vary among individuals and may not always have a consistent meaning.
Feb 18, 2022 · 3 years ago
Related Tags
Hot Questions
- 99
How does cryptocurrency affect my tax return?
- 91
How can I buy Bitcoin with a credit card?
- 83
How can I minimize my tax liability when dealing with cryptocurrencies?
- 80
What are the advantages of using cryptocurrency for online transactions?
- 80
How can I protect my digital assets from hackers?
- 64
What are the best practices for reporting cryptocurrency on my taxes?
- 43
What are the tax implications of using cryptocurrency?
- 24
Are there any special tax rules for crypto investors?