Michael | FiredFirst Crypto

✝️ | XRP 1%er | founder: FiredFirst
FiredFirst delivers crypto alerts, analysis & news in plain English. No hype, & no technical jargon. Not Financial Advice.

[Michael | FiredFirst Crypto @FiredFirstHQ]

Too many ppl in #crypto that know enough to convince themselves they know it all. My suggestion to everyone is keep learning always. Be wary of where your info comes from. Some influencers are only 1/2 right in what they share with you. Get smart enough to know what the 1/2 is.

[Michael | FiredFirst Crypto @FiredFirstHQ]

@Rigobertoxrp @InsiderWire @grok @MSFT365Status you can see here.

[Michael | FiredFirst Crypto @FiredFirstHQ]

@HODLHEIM_ @InsiderWire Not false. Been in an outage here for at least an hour, and it’s affecting regions globally. @MSFT365Status

[Michael | FiredFirst Crypto @FiredFirstHQ]

What’s crazy is if things took off now, most would complain they didn’t have enough time to accumulate. Then the story would be “I wish I had time to buy more.” But here it is, the opportunity waits, and most grumble.

The reality is that there is nothing special about what we as crypto investors do. Many people can see what we see concerning the coming tokenized economy.. But a very small percentage of those people have the discipline to commit to taking the “risk” or have enough patience/conviction to sit on their hands while it plays out.

There will be plenty of people who will look back and say “I coulda” over this.

[Michael | FiredFirst Crypto @FiredFirstHQ]

@Gemini

[Michael | FiredFirst Crypto @FiredFirstHQ]

@moonpay Love a good vague post. Standing by 🫡

[Michael | FiredFirst Crypto @FiredFirstHQ]

Tuesday's hot CPI hurt crypto. Fed hike talk lifted yields and $BTC slid to a nearly three-month low.

Tuesday: BTC -2.2%, ETH -3.8%, SOL -3.8%, XRP -4.6%. As money turns cautious, alts usually take the bigger hit.

Let's see who steadies first, and how much more downside may be left.

[Michael | FiredFirst Crypto @FiredFirstHQ]

@phantom_scribbs

[Michael | FiredFirst Crypto @FiredFirstHQ]

And $XRPN falls even lower on the day.. Don’t say I didn’t try and provide a warning during the squeeze.. even when it was in spac shell I cautioned against this buy! I’m bullish on evernorth long term by the way, just gotta understand when something is a buy and when it is not.

My plan is to continue buying spot and capitalize on the upside of XRP itself until XRPN trades closer to the value of the XRP it holds. It would also be nice to start seeing their yield plans, and the rest of their business strategy, prove themselves.

[Michael | FiredFirst Crypto @FiredFirstHQ]

TLDR: I’ve got a tool I’m dropping inside of FiredFirst at launch tomorrow dedicated to helping you track crypto treasuries and make more informed decisions.

Back on Oct 2 I said @evernorthxrp looked stretched against the @XRP behind each share. Plenty of people didn't love that take, and honestly that week was pure excitement. People called for $100.

Where it sits now: about $11.85, roughly 70% under that Oct 2 close. XRP itself is down about 16% over the same stretch.

Even after the drop, the stock trades near 1.6x the value of the XRP it holds per share.

I still like Evernorth long term, very bullish on its thesis and ROI. My takeaway is that the numbers under the ticker matter most during a hype run.

Don’t abandon logic. Make more informed investments/trades.

Not financial advice.

[Michael | FiredFirst Crypto @FiredFirstHQ]

BTC closed last week at $74,754, under the $76.8K level we flagged. From the Nov 1 weekly close to the lows, BTC was down 7%, ETH 12%, SOL 14%, XRP 17%. Weekly trend and the full alert log, including daily alerts that faded during the bounce:
https://t.co/bnUKiMHDSp
https://t.co/bnUKiMHDSp
https://t.co/unMwAeAHnK

[Michael | FiredFirst Crypto @FiredFirstHQ]

On Nov 2, before last week's bounce peaked, our weekly read was that rallies in alts were bounces inside a downtrend. We also said a $BTC weekly close below about $76.8K would confirm it. 🎯

https://t.co/vLnWdd34Ml

[Michael | FiredFirst Crypto @FiredFirstHQ]

@WatcherGuru If you can get them without a middleman tampering that is 😆

[Michael | FiredFirst Crypto @FiredFirstHQ]

@WatcherGuru Kinda wild thing for a person like this to say so loosely. No additional context he wants to add to that statement? lol. “Hey we can potentially be hacked but your hardware wallets themselves are safe”?

[Michael | FiredFirst Crypto @FiredFirstHQ]

@dom_kwok For real. “How’s crypto doing?” WELL, we’re in an accumulation period, all according to plan, things are great. 😆

[Michael | FiredFirst Crypto @FiredFirstHQ]

@CoinDesk @Grayscale @Krista_Lynch_ Important context, In-kind means you hand over the coins themselves for ETF shares, so nothing gets sold on the market. Grayscale has come in big today with 13.5 million in xrp etf trade volume. Yet to be determined what the net result of hat volume is.

[Michael | FiredFirst Crypto @FiredFirstHQ]

@stoneiland As was foretold. Evernorth will do well in the long run, but to those who bought into the hype during the squeeze, it was a bad call!

https://t.co/0v13CWvXcO

[Michael | FiredFirst Crypto @FiredFirstHQ]

TLDR: I’ve got a tool I’m dropping inside of FiredFirst at launch tomorrow dedicated to helping you track crypto treasuries and make more informed decisions.

Back on Oct 2 I said @evernorthxrp looked stretched against the @XRP behind each share. Plenty of people didn't love that take, and honestly that week was pure excitement. People called for $100.

Where it sits now: about $11.85, roughly 70% under that Oct 2 close. XRP itself is down about 16% over the same stretch.

Even after the drop, the stock trades near 1.6x the value of the XRP it holds per share.

I still like Evernorth long term, very bullish on its thesis and ROI. My takeaway is that the numbers under the ticker matter most during a hype run.

Don’t abandon logic. Make more informed investments/trades.

Not financial advice.

[Michael | FiredFirst Crypto @FiredFirstHQ]

@egragcrypto 3 and 1, I mean.

[Michael | FiredFirst Crypto @FiredFirstHQ]

Here’s a simple truth: xrp sits on the most gains since Nov 2024 (just prior to trumps win), and it’s not even close. I think in the coming cycle it will continue to do better than the other large caps again. Because of this I side with your points 3 and 2. They want you out. As always, not financial advice.. but I know what I’m doing.. bottom fishing! 🎣 The lower we go the more aggressive my buys will become.

[Michael | FiredFirst Crypto @FiredFirstHQ]

@Cryptoinsightuk Log off? Nah - been preparing for this. I’ve got shopping bags like I’m ready for Black Friday, let’s gooo.

[Michael | FiredFirst Crypto @FiredFirstHQ]

October CPI came in hotter than the forecasts. Headline +0.4%, vs 0.2-0.3% expected. Last month was +0.6%. Core held at +0.3%. BTC, ETH, XRP and SOL slipped after the 8:30 print. First moves can whip, so watch out.

[Michael | FiredFirst Crypto @FiredFirstHQ]

@binance Glad I upgraded my exchange access (both mobile and browser) to hardware key required.