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What Is WAGMI in Crypto?

4.5
| by
Hwee Yan
-

What Does WAGMI Mean? 

"WAGMI" is an abbreviation for “We’re all gonna make it”. Frequently used among investment communities like cryptocurrency, "WAGMI" inspires a sense of interconnectedness and represents an optimistic belief that all the participants in the community will “make it”. In this case, “make it” refers to all the participants succeeding in achieving financial gains from their investments. In short, "WAGMI" means everyone will succeed financially. 

Connotation 

The term carries a positive connotation as it represents solidarity and optimism. However, some critics have pointed out it is often used as a promotional slogan, and since people also lose money in crypto, the idea that everyone is going to make it can influence irresponsible behavior, especially among new investors. Always do your own research before committing to any investment decisions.

Antonym

The term “WAGMI” contrast with “NGMI”, an abbreviation for “Not gonna make it”. "NGMI" carries a negative connotation as it suggests an investor has made a questionable decision.

Examples 

The term is also used on Twitter as a hashtag, #WAGMI, to encourage the investment community.

Here are some other ways “WAGMI” can be used: 

  • "WAGMI" is used to cheer on the community and drive hype when the market is doing well.
    "Crypto is pumping. WAGMI guys!" – this means that since the market is going up, the entire community benefits and is one step closer to achieving their financial goals. 

  • On the other hand, "WAGMI" can also be used as encouragement when the going gets tough.
    "Have patience, WAGMI" – in this scenario, investors are being encouraged to be patient and holding onto their investments even when the outlook is bearish. 
    Likewise, when someone tells their community "Hold strong, WAGMI" they are encouraging each other to hold on to their convictions.

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Hwee Yan
Hwee Yan
Hwee Yan has been involved in the cryptocurrency space since 2021. Currently pursuing a degree in Linguistics and Multilingual studies at Nanyang Technological University, she is a writer who is mainly interested in NFTs, crypto trends and memecoins. Follow the author on Twitter @cryptohy8

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