The enthusiastic crypto Twitter community that has been referred to as the XRP Army has received an apology from eToro. The online trading platform had released a video which many saw as FUD against Ripple's token.
In the video, which has since been deleted, eToro has suggested that investors diversify their portfolio, and was accompanied by stats about XRP on the platform. It seemed to suggest moving away from XRP, and that hodling the number 2 crypto wasn't the best idea.
We would like to use this opportunity to clarify that we always encourage responsible trading and in doing so, diversification may be a rescue wheel in times of market downtrends - this is even more important if one wants to #HODL.— eToro (@eToro) December 11, 2018
After an angry reaction from XRP enthusiasts, eToro has now backtracked and reassured the Army that "we love XRP...XRP is one of our most valued assets". It also praised the strength of the community in its coming together to fight FUD wherever it finds it.
...that diversification does not replace HODL'ing but is rather a positive add-on to building a more sturdy investment portfolio.— eToro (@eToro) December 11, 2018
We hope this helps the #XRPcommunity to better understand where we stand.
The eToro Team#xrparmy
Some observers on Twitter were grateful for the apology, while others still criticized the initial post. Many questioned the ethics of eToro giving out any kind of trading advice, particularly recommendations of diversification, as the platform earns a percentage of every trade that it facilitates.
I think it appears you singled out #XRP, upon reflection I see what you were trying to do, but ambiguity got you! I would just expect given your line of business favouriting or displaying any kind of bias towards and type of stock/crypto is morally wrong.— San_Tomasso (@San_Tomasso) December 11, 2018
This was a disgrace. I understand that people with xrp on your platform is a non earner compared to the daily gamble you recommend sorry suggest with the overnight fees etc. At a time in a bear unpredictable market you suggest that diversifying into those very stocks fisgraceful— Xrpnostro (@xrpnostro) December 11, 2018