Tel Aviv-based trading app eToro has issued an apology to XRP Army, a term used to describe the large and dedicated Twitter following of Ripple’s digital currency, over a critical video detailing the price action of XRP as a warning to investors.
We are happy to see how strong and well connected the #xrpcommunity is. It seems that the message in our last video has offended some of you and we want you to know that we love XRP, and the community and that's not only because XRP is one of our most valued assets 🤗
— eToro (@eToro) December 11, 2018
In the apology tweet, eToro explains that the now-deleted video was intended to push the idea of diversification. However, many within the XRP community saw this as nothing more than “FUD” (fear, uncertainty and doubt), which quickly prompted eToro to further elaborate on their position.
“The message in the video, is not to abandon #XRP but rather to perhaps consider diversifying one’s portfolio based on the stats of XRP held on eToro. A lot of investors would agree that diversification does not replace HODL’ing but is rather a positive add-on to building a more sturdy investment portfolio.,” eToro states.
As we previously reported, clients of eToro have taken the recent price dip as an opportunity to add to their positions in Bitcoin, EOS and XRP. Given the significant inflows of capital, it’s clear that eToro will likely look avoid offending the zealous XRP community going forward.
— Mati Greenspan (Tweets are not trading advice) (@MatiGreenspan) November 19, 2018
More: eToro XRP Apology Tweet
Photo: Marco Verch / Flickr
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.