Ripple’s XRP “Army” receives apology from eToro following ‘offensive’ video


  • “…we want you to know that we love XRP and the community,” eToro said in the apology.
  • eToro wants investors to diversify their portfolios to minimize risk.

 Ripple’s XRP Twitter community is not only united, it also protective of the digital asset. Why do I say this? It is because one of the leading trading and investment platforms, eToro was forced to apologize following a video it released. Ripple’s vast community on Twitter also referred to as the XRP Army bashed the video that was published by the investment platform whose massage was interpreted by the followers of Ripple for being offensive.

eToro sent an apology to the members of XRP where it clarified that the video was aimed at advising investors to diversify their portfolios. The XRP community said that the platform used the video to spread FUD (Fear, Uncertainty and Doubt.” The apology read:

“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.”

The video also said that diversifying investment cannot be interpreted halting Hodling. However, diversification helps investors to minize risk. This means that one asset tanking does not cause the investor to lose all their funds in the crash. eToro added:

“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.”


Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our FXStreet Crypto Trading Telegram channel


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Join Telegram

Recommended content


Recommended Content

Editors’ Picks

TRON gains 10% in 2024, supply of stablecoins reaches over $50 billion in Q1

TRON gains 10% in 2024, supply of stablecoins reaches over $50 billion in Q1

TRON, a blockchain-based digital platform, has seen positive growth in the first quarter of 2024, as seen in a Messari report. TRON noted gains across several metrics like market capitalization, revenue and total value locked. 

More Tron News

XRP hovers near $0.50 as Ripple CTO addresses concerns related to stablecoin launch

XRP hovers near $0.50 as Ripple CTO addresses concerns related to stablecoin launch

XRP is hovering near $0.53 on Friday, spending nearly all week below $0.55. Ripple CTO David Schwartz addressed concerns on stablecoin and XRP utility on Thursday. 

More Ripple News

Terraform Labs set to restrict access for users in the US after recent ruling in SEC lawsuit

Terraform Labs set to restrict access for users in the US after recent ruling in SEC lawsuit

Blockchain company Terraform Labs said Thursday that it will restrict access to some of its products and services for US-based users as it expects to receive a court order soon in light of its legal battle against the US Securities and Exchange Commission (SEC).

More Terra News

Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium

Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000

Bitcoin’s (BTC) recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors. 

More Bitcoin News

Bitcoin: BTC’s next breakout could propel it to $80,000 Premium

Bitcoin: BTC’s next breakout could propel it to $80,000

Bitcoin’s (BTC) recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors. 

Read full analysis

BTC

ETH

XRP