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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Cryptoababe on September 19, 2020, 09:26:25 PM



Title: I'm scared of ethereum gas fee
Post by: Cryptoababe on September 19, 2020, 09:26:25 PM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.


Title: Re: I'm scared of ethereum gas fee
Post by: AmoreJaz on September 19, 2020, 09:33:41 PM
dont be scared as $2k is still far from the horizon of eth. right now, you can just opt to other alts to trade with. dont revolve your crypto trading on eth tokens or defi tokens as you may be missing other profitable alts.
 if you cant afford their high gas fees, then go for other valuable alts. dont limit yourself to these tokens just because everyone is crazy about it.


Title: Re: I'm scared of ethereum gas fee
Post by: Cryptoababe on September 20, 2020, 03:34:26 AM
dont be scared as $2k is still far from the horizon of eth. right now, you can just opt to other alts to trade with. dont revolve your crypto trading on eth tokens or defi tokens as you may be missing other profitable alts.
 if you cant afford their high gas fees, then go for other valuable alts. dont limit yourself to these tokens just because everyone is crazy about it.

Yes, you are right.. But I only imago my how people will be able to cope ether transaction fees when it get to that price.. You know so many people will still have to use it


Title: Re: I'm scared of ethereum gas fee
Post by: Akiko on September 20, 2020, 05:01:51 AM
dont be scared as $2k is still far from the horizon of eth. right now, you can just opt to other alts to trade with. dont revolve your crypto trading on eth tokens or defi tokens as you may be missing other profitable alts.
 if you cant afford their high gas fees, then go for other valuable alts. dont limit yourself to these tokens just because everyone is crazy about it.

Yes, you are right.. But I only imago my how people will be able to cope ether transaction fees when it get to that price.. You know so many people will still have to use it

Well some one will make an idea as alternative to ETH if they know its impossible to others to transact using ethereum for fees reasons. There are always room for improvement if eth know they have such  problem they need to also adjust or upgrade the system or else many choose other platform to create tokens instead of using ETH.


Like what USDT do they will use another platform to create a tokens dual chain or more chains if they really need it . Many will choose what they think is much easier for them and helpful so they can continue transact with low fees.


Title: Re: I'm scared of ethereum gas fee
Post by: OcTradism on September 20, 2020, 05:02:08 AM
The fee at 100 Gwei (average) to 120 (fast) according to https://etherscan.io/gastracker and https://ethgasstation.info/calculatorTxV.php are not bad as weeks ago. Weeks ago, you have to spend 200 to 300 Gwei to have average transaction speed. That is indeed terrible expensive transaction fee.

If you know how transaction works and what is status of transaction fee on the network (ETH/ ERC20 chain), you will be not scared when your transactions are not yet confirmed and also know which fee you should use.
ETH/ERC20 - Check and select good Gas price (https://bitcointalk.org/index.php?topic=5261480.0)
Comparative table on fees among some coins. Pick up one for your need. (https://bitcointalk.org/index.php?topic=5268851.msg54995175#msg54995175)


Title: Re: I'm scared of ethereum gas fee
Post by: Francis Freeman on September 20, 2020, 05:08:07 AM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
It looks like you are worried too much. Sure the eth gas fees is too high now but 2000 $ is unimaginable for now. They are developing layer 2 protocols and scaling solutions as well as other blockchain protocols to solve the issue.


Title: Re: I'm scared of ethereum gas fee
Post by: coin-investor on September 20, 2020, 05:11:39 AM

It looks like you are worried too much. Sure the eth gas fees is too high now but 2000 $ is unimaginable for now. They are developing layer 2 protocols and scaling solutions as well as other blockchain protocols to solve the issue.

They should do this fast everyday the transaction is a big headache for traders, I stopped using Ethereum now I am just small trader and I cannot accept the fact that I will be paying $10 for a $30 transaction, and if I set it to a much lower fee to see if it will go through even if it takes time the transaction will just failed.


Title: Re: I'm scared of ethereum gas fee
Post by: FloridaKid on September 20, 2020, 05:24:11 AM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
Yea it's annoying and I had no choice but to stop using Ethereum blockchain for now, I've switched to Tron network, I'm sure that the next 2.0 upgrade will fix this high transaction issue, I read somewhere on the news that it's coming this November 2020, you don't need to be worried, 2000$ per Ethereum is not coming anytime soon


Title: Re: I'm scared of ethereum gas fee
Post by: Sy on September 20, 2020, 06:30:02 AM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.

By the time ETH will reach 2000+ ETH 2.0 would already be released and I think ETH 2.0 should fix most of the scalability issues that ETH is facing right now. But I truly hope that they are working on some temporary solution to fix the network congestion.


Title: Re: I'm scared of ethereum gas fee
Post by: Bezobraznike on September 20, 2020, 06:35:12 AM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.

By the time ETH will reach 2000+ ETH 2.0 would already be released and I think ETH 2.0 should fix most of the scalability issues that ETH is facing right now. But I truly hope that they are working on some temporary solution to fix the network congestion.

   I agree with you Sy, scalability issues will be solved, high fees will not last forever. This year it's the first time we see so high fees
on Ethereum, and it's hurting all of us, it's not cheap to send Ethereum and all those tokens on Ethereum chain. I try to set the lowest
possible fees when I need to send Ethereum, but I need to wait for confirmation, it's how I deal with high fees.


Title: Re: I'm scared of ethereum gas fee
Post by: Fivestar4everMVP on September 20, 2020, 06:43:21 AM
The same question crossed my mind just about week ago when i was doing some transactions on eth, am really bothered about it not for we that have been in the blockchain space for quite some time but for those coming in, the high fees can be an easy put off for some low income earners , i just cant wait for eth 2.0 to be released, i pray and hope that puts an end to the high fees.


Title: Re: I'm scared of ethereum gas fee
Post by: fuer44 on September 20, 2020, 07:02:47 AM
now the transaction fee is 94 gwei or $ 0.75, right? maybe as the price increases, then the etherum network gets busier, the gas price might also go up.


Title: Re: I'm scared of ethereum gas fee
Post by: Princejebs on September 20, 2020, 07:32:20 AM
now the transaction fee is 94 gwei or $ 0.75, right? maybe as the price increases, then the etherum network gets busier, the gas price might also go up.
You are right man, but this happens most times during the weekend, Ethereum network shouldn't expect users to wait during the weekend before they can make transactions. Miners are earning hyper profits in this run since the emergence of Uniswap decentralized exchange and the others.


Title: Re: I'm scared of ethereum gas fee
Post by: Surrapatt on September 20, 2020, 07:40:11 AM
You are right man, but this happens most times during the weekend, Ethereum network shouldn't expect users to wait during the weekend before they can make transactions. Miners are earning hyper profits in this run since the emergence of Uniswap decentralized exchange and the others.
It should be, because currently all matters relating to transactions under the ethereum platform are delayed and take a long time,
so things like this are a big complaint for everyone.


Title: Re: I'm scared of ethereum gas fee
Post by: Chukwunonso on September 20, 2020, 07:47:32 AM
This issue of gas fee is getting really scary. But I don't think it would ever get to $2,000. We may have the issue resolved sooner, if an update is made to the ethereum chain or the ethereum 2.0 project is launched. I've personally learnt how to reduce my ethereum transactions and employ other cryptocurrencies like tron to Carry out some transactions.


Title: Re: I'm scared of ethereum gas fee
Post by: nancy on September 20, 2020, 07:53:16 AM
Sooner or later fees will normalize. If you want to use dapps then ETH is not the only blockchain with them. You could try EOS, there are no transactions fees in general meaning and a lot of dapps. However, not every wallet supports it, i could recommend ownr wallet if you don't like to store your coins on exchanges


Title: Re: I'm scared of ethereum gas fee
Post by: cryptomaniac_xxx on September 20, 2020, 07:59:19 AM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
I'm not really sure if we can touch base $2k, well it's possible but it might take some time. I'm pretty sure you are not the one who are complaining about the exorbitant gas fees, everyone in the market are screaming already. It's either scalability will be solved in Eth2.0 or the devs needs to find a better solution, like LN or some other off chain transactions. Otherwise there could be an exodus of projects moving to other mainnet to propagate. I still remember those days, and ETH has been touted as the fastest that time, however, it is not the case today.


Title: Re: I'm scared of ethereum gas fee
Post by: jambul_kribo on September 20, 2020, 08:56:33 AM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
while ethereum price that price and network have many trouble ofcourse developers team will do important developtment for network scalability. its already be old problem for ethereum , and core developer very concern to this. we know they will release ethereum 2.0 and maybe its launched to solved current problem.


Title: Re: I'm scared of ethereum gas fee
Post by: oprahwindfury on September 20, 2020, 09:15:59 AM
The possibilities  of ethereum price  being 2k $  will take time though.If it happens then another profitable altcoins are here to trade or invest. Forget about ethereum gas fee and  put your attention on other altcoins.Surely,Ethereum gas be will be lower that time.


Title: Re: Tôi sợ phí khí ethereum
Post by: todiefor17 on September 20, 2020, 09:36:40 AM
Outgoing remittance fee status occurs because recently people actively exchanged on DEXs and UNI airdrop event. The cost of transferring money is decreasing as people need to send money. You can wait patiently until Gwei drops and transact at a lower cost.


Title: Re: I'm scared of ethereum gas fee
Post by: GreatArkansas on September 20, 2020, 10:22:18 AM
For me, when price of Ethereum will be x5 or more in the future, the gas fee or transaction fee will not matter as time goes by. Transaction fee will only high for the first time or people got lot of transaction within Ethereum network, just like what we experienced these days, DeFi fever everywhere.


Title: Re: I'm scared of ethereum gas fee
Post by: rahmathidayat93 on September 20, 2020, 10:27:08 AM
Yes, you are right.. But I only imago my how people will be able to cope ether transaction fees when it get to that price.. You know so many people will still have to use it
It doesn't need to be imagined because it will obviously cost a fortune, and everyone clearly has a different way of outwitting this problem even though the average person uses almost the same method, which is willing to pay dearly to be able to sell their more expensive token.


Title: Re: I'm scared of ethereum gas fee
Post by: Reid on September 20, 2020, 10:31:32 AM
It depends on the project if they are looking for other options rather than making their investors waste more money for gas fees.
They should.
Just calculate how many dollars are being wasted which could have been used for buying their Defi's, scam or not.  ;D
Give it more time and it will go back to normal. This hype is just too much for Ethereum to handle.


Title: Re: I'm scared of ethereum gas fee
Post by: wywoc on September 20, 2020, 10:48:22 AM
dont be scared as $2k is still far from the horizon of eth. right now, you can just opt to other alts to trade with. dont revolve your crypto trading on eth tokens or defi tokens as you may be missing other profitable alts.
 if you cant afford their high gas fees, then go for other valuable alts. dont limit yourself to these tokens just because everyone is crazy about it.
But the fact that currently all of traffic and money are going to Defi, peoples are so crazy and greedy, they just focus on hottest projects, and the most profit projects are tokens from Ethereum blockchain and we don't have option.


Title: Re: I'm scared of ethereum gas fee
Post by: hrunya102 on September 20, 2020, 11:17:05 AM
Some users have already left and do not use the Ethereum blockchain, if the fee price rises again, then another part of users will leave, so the price growth will slow down, but the situation itself is stupid, the devs of the ether could not predict this situation.


Title: Re: I'm scared of ethereum gas fee
Post by: bonyaserg on September 20, 2020, 12:11:18 PM
Yes, now it is very difficult to carry out financial transactions, because the gas is very large, and the commission is very large. And for this you need to monitor the situation for days in order to withdraw your funds with the least loss. And I think that this situation on the Ethereum platform will end soon and everything will fall into place.


Title: Re: I'm scared of ethereum gas fee
Post by: ahmia39 on September 20, 2020, 02:02:48 PM
Some users have already left and do not use the Ethereum blockchain, if the fee price rises again, then another part of users will leave, so the price growth will slow down, but the situation itself is stupid, the devs of the ether could not predict this situation.
Yes, for now there are already many people in crypto who are using other platforms and leaving the Ethereum platform for a while, but if this continues, then everyone will definitely leave the well-known Ethereum platform.


Title: Re: I'm scared of ethereum gas fee
Post by: UniversityCoin on September 20, 2020, 03:05:19 PM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.

Keep calm man. The price of Ethereum gas will never rise to $ 2,000. At this price, no one in their right mind will make transactions. Soon the hype around Defi projects will end and the gas price will return to its former place.


Title: Re: I'm scared of ethereum gas fee
Post by: RealMalatesta on September 20, 2020, 03:25:31 PM
It was obvious that ETH was created because it wanted to be something at the middle of all the crypto sphere, it is used by a lot of new stuff and they have always been welcoming as well, however they didn't imagine this much hype. We are talking about billions of dollars and that is a lot of money for people to actually go with, I am not sure if that should be something ETH is ready for, after all billions of dollars could be something you are not ready for and I would totally understand, who could guess such a big hype around defi.

But this has already happened, eth team is aware of it, and they are probably working to make it better, I do not know any of the team members so I didn't asked but you can guess nobody would say "who cares" and let it be, they are probably trying to make it better.


Title: Re: I'm scared of ethereum gas fee
Post by: bobyhodob on September 20, 2020, 03:38:28 PM
Yes, you are right.. But I only imago my how people will be able to cope ether transaction fees when it get to that price.. You know so many people will still have to use it
It doesn't need to be imagined because it will obviously cost a fortune, and everyone clearly has a different way of outwitting this problem even though the average person uses almost the same method, which is willing to pay dearly to be able to sell their more expensive token.
I think only a few people want to do that because they other traders prefer to keep using the gas costs which are very small but can be delivered with certainty because if you use very expensive gas costs, it requires very high costs and of course the profits you cannot much because it cuts down on high gas costs.


Title: Re: I'm scared of ethereum gas fee
Post by: BITCOIN4X on September 20, 2020, 04:20:56 PM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee.
Have no fear because there are hundred of other altcoin option that can help you if the problem is about gas. If ethereum gas price continue to increase then I firmly believe that many cryptocurrency user will switch to other altcoin that have lower fee.

As I can see so far, the current gas price has been giving people tough time.
Of course, but it can still be reduced if user are not competing for large amount of gas. When many user want their transaction to be processed quickly, fee will go up and that is a factor why gas fee are getting more expensive. Network congestion in my opinion is for that reason and obviously if I charge a lower fee then my transaction will get stuck and slow to process.

And now who is to blame, is it the user or ethereum ?


Title: Re: I'm scared of ethereum gas fee
Post by: Bitstar_coin on September 20, 2020, 05:21:04 PM
We don't have any choice now do we, eth has been on rise for a while now, it is so frustrating to transaction without facing the high eth fees, if you want your transaction go faster then you just have to increase your gas otherwise your transaction will not go through, this is the new reality.


Title: Re: I'm scared of ethereum gas fee
Post by: cute nmp on September 20, 2020, 05:22:59 PM
The ethereum gas fee is considerably high nowadays and as a result it is becoming hard for some people now to make transactions unlike before when the fee was low .One can easily spend ten dollars in trying to send coins that are worth only twenty to twenty-five dollar and I think this will be a matter of concern for people that are new into crytocurrency .I do hope ethereum gas fee will reduce with time.


Title: Re: I'm scared of ethereum gas fee
Post by: kolbalish on September 20, 2020, 05:33:25 PM
Yes, this is the hot topic for a few days that Eth has a fee is so high that people are very worried about it nowadays. Eth is developing its layer 2 development and this is still not finished yet. Though I am not using it right now for this reason. Suggestion for everyone who is worried about it to avoid this as much as you can in this situation. Hopefully, everything will be okay soon.


Title: Re: I'm scared of ethereum gas fee
Post by: ibuddy122505 on September 20, 2020, 05:42:48 PM
I'm not convinced what's ethereum network taking us gas fee. Considering recent gas demand, now it's quite low. However, I've doubt can newcomers afford the fixed gas fee? Furthermore, a lot of development on the way so let's see how we beat this terrifying thing.


Title: Re: I'm scared of ethereum gas fee
Post by: reza7777 on September 20, 2020, 06:26:42 PM
The current GAS price is better than a few weeks ago which reached 400 GWEI and in my opinion if ethereum reaches price of $ 2000 there will not be a bottleneck like now and it will not require large GAS costs, my hope is that the team can overcome all of that when the 2.0 release


Title: Re: I'm scared of ethereum gas fee
Post by: mindrust on September 20, 2020, 06:28:30 PM
When Eth becomes unusable, those who cannot afford the fees will move to the other chains, it is that simple.


Title: Re: I'm scared of ethereum gas fee
Post by: timmmers on September 20, 2020, 06:34:37 PM
It is a tax that we pay for the fact that Ethereum becomes useful and finally find a real use case. You can use other blockchains with lower fees and faster transactions, but it is caused mainly by the unused network  ;).


Title: Re: I'm scared of ethereum gas fee
Post by: rexxarofmoknathal on September 20, 2020, 06:43:45 PM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.

I think the high transaction fees on Ethereum has become one of the most important issue people have started to raise concerns about, and it is only natural as nowadays the fees can be huge. The other day I had to pay ~35$ for 1 transaction.

Clearly, this cannot continue and given that this is a problem everybody encounters, and one that stands as the most limitable factors to the use of ETH. There is an emergency to mitigate this issue and the fact that is a global trend means that ERH cannot afford to have this issue growing bigger than it already is.


Title: Re: I'm scared of ethereum gas fee
Post by: cryptoperkele on September 20, 2020, 06:54:58 PM
The fact that the fees are getting higher could just prevent the price going over the top. I mean i understand speculative investment but when you can't afford to move eth or any token in it, what is it worth actually and why would people buy that before the 2.0 is locked and ready.


Title: Re: I'm scared of ethereum gas fee
Post by: Febo on September 20, 2020, 06:59:22 PM
What if ether price goes up to more than $2000 dollars..

Then Etehreum fees will be 5 times higher so $10-$60.   No need to be scared, that is just how it is. Miners are getting paid to secure the network.


Title: Re: I'm scared of ethereum gas fee
Post by: cabron on September 20, 2020, 07:19:56 PM


Won't all these be solved when ETH2 is launched?

IF the price is going to spike $10-$60. Its going to cause the traders to move to other platform and trading will decline in numbers. Its always good to have at least just less than $ fee. Some platforms I guess are seeing this to happen one day which is why EOS somehow has free transaction fee. TRX could be the next platform where we flock if ETH2 can't help to maintain its gas fees.


Title: Re: I'm scared of ethereum gas fee
Post by: Mealea on September 20, 2020, 07:30:51 PM
I feel we should all get use to the high fee by now, I don't see it going low any time soon. As long as the price of ethereum is surging, I don't have any problem with the gas fee. We can also use other coins for transaction at time to minimize whatever we are spending on gas fee.


Title: Re: I'm scared of ethereum gas fee
Post by: shakesbear on September 20, 2020, 08:04:37 PM
Today, surprisingly, gas prices have dropped significantly, and I was even pleased to make transactions. It seems to me that if prices rise again, only whales will use ether.


Title: Re: I'm scared of ethereum gas fee
Post by: militiariko on September 20, 2020, 08:05:51 PM
There's no reason to be worried about the etherum gas prices, as a professional, trader or investor, you should gadner the patience to check ethgasstation first before conducting any transaction on your wallet.

To avoid overpaying, and loss of funds


Title: Re: I'm scared of ethereum gas fee
Post by: cryptoperkele on September 20, 2020, 08:14:53 PM
...
Won't all these be solved when ETH2 is launched?
...

Yeah, when ever that is going to happen. It has been promised to launch for a very long time now and i am really doubtful that they keep on the current schedule, even though they are way better to estimate when it's finished then me, i somehow think they are too optimistic, because they have been too optimistic before and it's a huge project with a lot of moving parts. And everything needs to work without any bugs to exploit or it will be worthless launch.


Title: Re: I'm scared of ethereum gas fee
Post by: ololajulo on September 20, 2020, 08:52:56 PM
When Eth becomes unusable, those who cannot afford the fees will move to the other chains, it is that simple.
Eth gas wont get that high. Observing the market show that people wont be switching chains soon. At the moment TRX provide one of the cheapest transaction fee but few Defi project. Unfortunately,Tron Defi token have not done so well in this market and didnt have any hype as close to ethereum Defis' even with the numbers of exchanges listing the Defi token. Ethereum has a better advantage at the moment to other blockchain.


Title: Re: I'm scared of ethereum gas fee
Post by: Anyobsss on September 20, 2020, 08:57:53 PM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
I'm more scared to do transactions right now. Just recently i bought a token in bounce.finance and the transaction fee is 10 USD. Imagine how much food i would be able to buy with 10 USD. Ethereum network has been congested recently. I hope eth dev will do something about this.


Title: Re: I'm scared of ethereum gas fee
Post by: mindrust on September 20, 2020, 08:58:59 PM
When Eth becomes unusable, those who cannot afford the fees will move to the other chains, it is that simple.
Eth gas wont get that high. Observing the market show that people wont be switching chains soon. At the moment TRX provide one of the cheapest transaction fee but few Defi project. Unfortunately,Tron Defi token have not done so well in this market and didnt have any hype as close to ethereum Defis' even with the numbers of exchanges listing the Defi token. Ethereum has a better advantage at the moment to other blockchain.

It is already high. When the demand increases, it will even get higher. When people get sick of the high fees, they will move to the other chains. That does not necessarily mean a bad thing for eth, it just means the eth network will be working on full capacity just like once the bitcoin network did. Only those who can afford to pay the price will be able to operate on eth, others will go to the cheaper options.


Title: Re: I'm scared of ethereum gas fee
Post by: Asuspawer09 on September 20, 2020, 09:03:47 PM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.

I guess fees are always a problem in a lot of popular tokens like Bitcoin or Ethereum and some other cryptocurrency. But its kinda normal to a lot of users already increasing and decreasing of the transaction price of fees.

Congested network, traffic in the network, demand in the token could be the reason to high fees but still, you might just use some other tokens to avoid high transaction fees.

XRP have lower transactions and a good choice that you could use if ETH or bitcoin has a high transaction fee but still depend on the platform it what gas you could use.


Title: Re: I'm scared of ethereum gas fee
Post by: FontSeli on September 20, 2020, 09:30:47 PM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.

I also remember very well the times when the gas price was only 2 Gwei. However, times are changing and now we need to get used to living with the cost of gas. If you are not profitable to pursue a transaction at that price, you either don't do or wait for when the price of gas will drop to an acceptable level.
Let's hope that Ethereum 2.0 will be launched as soon as possible.


Title: Re: I'm scared of ethereum gas fee
Post by: Pompa on September 20, 2020, 09:45:11 PM
To those engaged in exchange they know what is good or bad sides of this deals in this situation. We have to know by reading some news or knowing the latest update regarding to this kind of thread.


Title: Re: I'm scared of ethereum gas fee
Post by: samcrypto on September 20, 2020, 09:50:44 PM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.

I also remember very well the times when the gas price was only 2 Gwei. However, times are changing and now we need to get used to living with the cost of gas. If you are not profitable to pursue a transaction at that price, you either don't do or wait for when the price of gas will drop to an acceptable level.
Let's hope that Ethereum 2.0 will be launched as soon as possible.
Its hard to get used on a very expensive fees just to transact with this one, better to use exchanges or other tokens as an alternative which can save you a lot from the fees.

The update on ETH will make it more expensive and let’s hope that ETH is working on it right now so the people will not look for alternatives. The fees is crazy, even we grow a lot right now the fees should not that high as well considering that this is a cryptomarket.


Title: Re: I'm scared of ethereum gas fee
Post by: FontSeli on September 20, 2020, 10:18:43 PM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.

I also remember very well the times when the gas price was only 2 Gwei. However, times are changing and now we need to get used to living with the cost of gas. If you are not profitable to pursue a transaction at that price, you either don't do or wait for when the price of gas will drop to an acceptable level.
Let's hope that Ethereum 2.0 will be launched as soon as possible.
Its hard to get used on a very expensive fees just to transact with this one, better to use exchanges or other tokens as an alternative which can save you a lot from the fees.

The update on ETH will make it more expensive and let’s hope that ETH is working on it right now so the people will not look for alternatives. The fees is crazy, even we grow a lot right now the fees should not that high as well considering that this is a cryptomarket.

The introduction of Ethereum 2.0, on the contrary, should affect the price of gas in the direction of cheapening. This will happen because the network will work much faster and there will be no need to inflate the cost of gas in order for your transaction to pass as quickly as possible. For example, this is what traders do on decentralized exchanges such as Uniswap.


Title: Re: I'm scared of ethereum gas fee
Post by: Kehindem on September 20, 2020, 10:20:14 PM
Nothing to be scared about, its just a matter of time, the gas fee later come down, sooner or later, and gas fee can never be $2000 because it will be loss for the wallet user, and will cause the abandonment of the Ethereum based wallet, so i think everything will come to normal soon..


Title: Re: I'm scared of ethereum gas fee
Post by: Yamifoud on September 20, 2020, 10:58:35 PM
A $2000 gas fee could be that possible if the price of ETH will also be $1m ( just my own assumption). But as for now, I definitely can't think of any changes that brought it there. The gas fee will somewhat change oftentimes but the current price won't make the fee to completely surging high and make you afraid of. Just above replies, nothing to worry about because ever since we never touch at $500 AFAIK and how much more for $2000...a very slim chance that it happens.


Title: Re: I'm scared of ethereum gas fee
Post by: Litzki1990 on September 20, 2020, 11:03:37 PM
We are scared of the gas fee because it was still into a high if we want to transact.
Not in the old days the gas fee was worth even do we are transact a high amount and the gas fee was fairly stable.
And in this year so many change from etherium maybe this will be said coming update ETH 2.0 and a gas fee was also affected.


Title: Re: I'm scared of ethereum gas fee
Post by: makishart on September 21, 2020, 02:10:56 AM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
Just hope if the serenity will be fully implemented when ethereum has already reached such price. As far as i know if when the scalability solution will be fully deployed to the ethereum chain and what you will see in the future was the cheap fees to create a transaction in ethereum network.
If there will always be a lot of demand like this time and then the price of gas fees will never be reduced.
The volume of uniswap has already increased even more.


Title: Re: I'm scared of ethereum gas fee
Post by: ansarose1 on September 21, 2020, 02:20:18 AM
I observed that whenever a coin gets a higher market value, it's gas transaction fees also gets high. Gas fees is directly proportional to a higher valued coin. And as we can see ethereum gets better prices now, that's why it's gas fee could also reach higher for it's transaction. I also conclude if ethereum would decreases it's price anytime in the future, it's gas price would be back to low fees.


Title: Re: I'm scared of ethereum gas fee
Post by: Teraboy on September 21, 2020, 06:21:17 AM
The congestion that happened in ethereum network has already caused by the traffic on the network itself. People are so crazy sending small amount of tokens with a very big fees. These days peopl are still in competition to do trade in the uniswap and they can only swap their tokens to the another tokens when they were putting the big fees to make their txs to be confirmed by the block asap.

We are hoping the ethereum 2.0 will come asap to make the small users will still able to use ether chain as an alternative chain for bitcoin.


Title: Re: I'm scared of ethereum gas fee
Post by: leatutz on September 21, 2020, 11:03:55 PM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
Ethereum network congestion is already down than before because so many projects agree to support top others blockchain. In this DeFi hype Ethereum cost could forced us to use centralized exchange for trade. We support cryptocurrency for its decentralization but we should use centralized exchange or wallet. We could probably use another blockchain.


Title: Re: I'm scared of ethereum gas fee
Post by: xiboothrezi on September 21, 2020, 11:33:39 PM
I observed that whenever a coin gets a higher market value, it's gas transaction fees also gets high. Gas fees is directly proportional to a higher valued coin. And as we can see ethereum gets better prices now, that's why it's gas fee could also reach higher for it's transaction. I also conclude if ethereum would decreases it's price anytime in the future, it's gas price would be back to low fees.
We all know that the Ethereum network is one of the biggest projects in development over the past few months, as the popularity of DeFi has grown. This makes transaction traffic-heavy due to the huge market enthusiasm. Moreover, a gas fee has reached a new record or ATH. I am also quite worried about this, usually, the value of gas can be "ignored" but now it must be taken into account. This also has an impact on the distribution of bounty rewards, many projects have postponed until the fees return to normal. The funny thing is, gas and bounty rewards are almost the same, which is irony but ridiculous. Well, this is the crypto world, we must be ready to adapt to every change in the ecosystem, all of which have pros and cons, advantages and disadvantages.


Title: Re: I'm scared of ethereum gas fee
Post by: blue Snow on September 22, 2020, 12:04:52 AM
Today, surprisingly, gas prices have dropped significantly, and I was even pleased to make transactions. It seems to me that if prices rise again, only whales will use ether.
Because Ethereum price dumping by market, in this situation good for transfer it into wallet or exchange for your future investment before whales you mentioned pumping the market.

I'm more scared to do transactions right now. Just recently i bought a token in bounce.finance and the transaction fee is 10 USD. Imagine how much food i would be able to buy with 10 USD. Ethereum network has been congested recently. I hope eth dev will do something about this.
Nothing to do with dev. to decreasing fee does decrease the transaction, if people holding the token, I think the fee going increase to below.


Title: Re: I'm scared of ethereum gas fee
Post by: LogitechMouse on September 22, 2020, 01:38:30 AM
~
I like the optimism that you are thinking that Ethereum will reach $2000 in the future :D
On the other hand, I don't think that focusing on Ethereum when it comes to transacting to other people is a good thing.

There are other alternative coins out there which has very low fees compare to Ethereum's fees. Right now the lowest gwei recommended is 73 gwei and that is lower already compare to its fees weeks ago which is at its peak. The congestion of Ethereum network is because of the DeFi projects that are appearing and being created one by one under the network and its obvious already. When they aren't around the fees are good but when they come, it is already congested.


Title: Re: I'm scared of ethereum gas fee
Post by: Strongkored on September 22, 2020, 02:41:36 AM
As long as the DeFi project still has a lot of demands, I think it's difficult to see ethereum gas fees drop (gas fee on weekends are lower than weekdays), ethereum developers should be able to fix this problem immediately.


Title: Re: I'm scared of ethereum gas fee
Post by: Fredomago on September 22, 2020, 02:55:05 AM
As a crypto enthusiast / investor / trader dont only relied on something that troubles on you, there are many other alternatives that we can use. When we only depend on the ETH network, of course it will end up making it difficult for us, therefore it's good to always follow the development of other platforms for another options

No question with that but the trend of DeFi still moving forward and there's no other option if you are following such projects. You'll be finding yourself ignoring the fees  just to take your chances to ride with the flow.

this unavoidable due to network congestions with how traders and investors played with available opportunities around DeFi
expect that it will continue to be in this phase.

Quote
As long as the DeFi project still has a lot of demands, I think it's difficult to see ethereum gas fees drop (gas fee on weekends are lower than weekdays), ethereum developers should be able to fix this problem immediately.

That's what I'm also seeing from this current situation, ETH fees still being affected by projects being help inside DeFi
and more and more people / investors are supporting the chain and continue
accepting this high fees.


Title: Re: I'm scared of ethereum gas fee
Post by: inanilujimi on September 22, 2020, 03:16:06 AM
Leave ETH and look for altcoins that have lower transaction fees, don't expect more from ETH, if your asset value exceeds the transaction fee.


Title: Re: I'm scared of ethereum gas fee
Post by: sayam on September 22, 2020, 06:17:17 PM
At first, I thought maybe the fee would get back to the normal position very soon. But now I've figured out that soon it's not going to be normal like before. Due to this high fee, I'm not able to do many small transactions.


Title: Re: I'm scared of ethereum gas fee
Post by: poodle63 on September 22, 2020, 10:09:39 PM
it's literally unusable for people who has small amount of erc20 token lying around and to transfer it to exchange is the same as burning your coin because of fee.
for the meantime it's really not recommended to transfer anything using eth maybe waiting for the hype of defi platform to go down first.
As long as the DeFi project still has a lot of demands, I think it's difficult to see ethereum gas fees drop (gas fee on weekends are lower than weekdays), ethereum developers should be able to fix this problem immediately.
that's true if eth developer willingly to fix this problem they could come up with some kind of solution to this but maybe they are too busy with eth 2.0


Title: Re: I'm scared of ethereum gas fee
Post by: Genemind on September 23, 2020, 06:52:13 AM
The current DeFi hype made the fees ridiculously high. I've seen some posts were a lot of posts where transactions fail and you will have to set a high gas price for your transactions to go through. I avoid transacting in Eth platforms whenever the network is clogged. Small traders are suffering due to this high transaction cost.


Title: Re: I'm scared of ethereum gas fee
Post by: bitcoinaldis on September 23, 2020, 07:00:38 AM
i'm paying $25 for ETH transaction, and $5 for bitcoin transaction
while i pay just $0.003 for BCH transaction and $0.005 for LTC transaction.

most people follow trending (ETH, Defi) then fall in fomo, and avoid great coins as like Litecoin and BitcoinCash.


Title: Re: I'm scared of ethereum gas fee
Post by: TastyChillySauce00 on September 23, 2020, 07:06:34 AM
As long as the DeFi project still has a lot of demands, I think it's difficult to see ethereum gas fees drop (gas fee on weekends are lower than weekdays), ethereum developers should be able to fix this problem immediately.
Eventually Ethereum devs team will come up with a solution to this problem but it might be difficult, definitely take more than "immediately" and so many people also stimulating the growth of Defi projects and Dapps which uses Ethereum blockchain meaning the scalability issue will always exist even in the future ethereum upgrade. If ethereum could solve this fee issue then Ethereum itself already immune against overwhelming scalability issue.


Title: Re: I'm scared of ethereum gas fee
Post by: shoreno on September 23, 2020, 07:08:21 AM
At first, I thought maybe the fee would get back to the normal position very soon. But now I've figured out that soon it's not going to be normal like before.

everyone have the same thought as you but when you say soon , there is no designated time and date for that . if you cant wait and think that soon is supposed to happen now or already happened  , well you will notice that nothing have changed .

 dont get affected to what they say  that this is now the new normal because we can return to the old normal if we will believe and wait .


Title: Re: I'm scared of ethereum gas fee
Post by: Google+ on September 23, 2020, 08:33:22 AM
The current DeFi hype made the fees ridiculously high. I've seen some posts were a lot of posts where transactions fail and you will have to set a high gas price for your transactions to go through. I avoid transacting in Eth platforms whenever the network is clogged. Small traders are suffering due to this high transaction cost.
in fact, for the time being, I do consider the circumstances before making the transaction. however, the fee paid is really quite expensive. I am afraid that this fee could be higher, and only certain people can make transactions without thinking about fees. however, I really hope that the fees come back down.
I think the high cost of this transaction is due to the influence of the large number of people who use the Uniswap exchange so that the transaction becomes very congested, if you expect the cost to go down I think it may not be significant because more and more people are using Uniswap exchanges to trade and make profits.


Title: Re: I'm scared of ethereum gas fee
Post by: chikator on September 23, 2020, 12:53:06 PM
ETH is getting too volatile. Uniswap really set the bar too high for gas fees and even DeFi. Uniswap is known for higher gas fees but better trading, too much people have been using the ETH network therefore the demand for higher gas fees.


Title: Re: I'm scared of ethereum gas fee
Post by: NoG-NoG on September 23, 2020, 01:10:07 PM
I think it will not happen that it will ballooned its gas fee into 2000 usd knowing that once it happens many of their hodlers and crypto-enthusiasts whose using their blockchain platform will definitely boycott them and will definitely change or go to a much cheaper gas fee platform and if that will happens it will definitely a big lost for the developer of ethereum.


Title: Re: I'm scared of ethereum gas fee
Post by: rhomelmabini on September 23, 2020, 01:23:10 PM
I think it will not happen that it will ballooned its gas fee into 2000 usd knowing that once it happens many of their hodlers and crypto-enthusiasts whose using their blockchain platform will definitely boycott them and will definitely change or go to a much cheaper gas fee platform and if that will happens it will definitely a big lost for the developer of ethereum.
That's why they need to develop a solution on that or else there will be too many they'll be losing. The only thing that getting happy in this scenario is surely Uniswap and those who are on the liquidity pools since mostly Uniswap is used in it.

The investors either migrate to another DEX like Uniswap or they migrate to another blockchain that has low fees and has faster transactions.


Title: Re: I'm scared of ethereum gas fee
Post by: blckhawk on September 23, 2020, 01:49:09 PM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
Looking on the current situation we have now I don't think the gas will go back to normal and it is annoying that you will pay high fees for a single transaction. Consequently, I am now not making any transaction that use ETH network as much as possible. In hope that everything will go better as soon as ETH 2.0 release.


Title: Re: I'm scared of ethereum gas fee
Post by: abel1337 on September 23, 2020, 01:53:39 PM
The current DeFi hype made the fees ridiculously high. I've seen some posts were a lot of posts where transactions fail and you will have to set a high gas price for your transactions to go through. I avoid transacting in Eth platforms whenever the network is clogged. Small traders are suffering due to this high transaction cost.
in fact, for the time being, I do consider the circumstances before making the transaction. however, the fee paid is really quite expensive. I am afraid that this fee could be higher, and only certain people can make transactions without thinking about fees. however, I really hope that the fees come back down.

People who transact will certainly think about fee transactions because if not in the end they will lose in the calculation. Transaction fees have skyrocketed recently, in my opinion, because of the high traffic on the ethereum network which is dominated by transactions at Uniswap or other Dex. In my opinion, high transaction fees will make ethereum prices slightly increase because people who want to transact on Dex or Uniswap will continue to buy.
This is what's exactly happening in Ethereum network Traders and normal people who transact using the ethereum network are being cautious about the gas price because it is still sky rocketing, This is mostly the trade off between having a hyped platform like uniswap. Small traders can't really do a thing because their small volume of ethereum can be just eaten by the gas fee.

I think the gas fee woudn't rise up to $2000 in value, I'm sure I'm gonna wonder who will spend that much on a gas fee  ::)


Title: Re: I'm scared of ethereum gas fee
Post by: forexandcryptoauditor on September 23, 2020, 03:23:31 PM
I read somewhere that with new updates the congestion problem will be solved within ethereum network. People are suggesting using other alts to get rid of it but what about transfers that are required for ERC-20 tokens? I have may transfers on hold due to the current gas fee. Hope the situation will be normal soon.


Title: Re: I'm scared of ethereum gas fee
Post by: kenelmark on September 23, 2020, 03:31:25 PM
I read somewhere that with new updates the congestion problem will be solved within ethereum network. People are suggesting using other alts to get rid of it but what about transfers that are required for ERC-20 tokens? I have may transfers on hold due to the current gas fee. Hope the situation will be normal soon.
Where did you read that with the new update the congestion problem will be resolved in ethereum networks? Can you give the reference link here so that other people can read it too, because I'm sure everyone will want the gas costs from the ERC-20 platform to be normal like in the past.


Title: Re: I'm scared of ethereum gas fee
Post by: Nellayar on September 23, 2020, 03:42:38 PM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
Due to the congested network of ethereum, many coins wanted to beat it. Many coins such as elrond can cater a transaction similar to ethereum with low cost. It is really scary to see how much ethereum gas we need just to transact our eth or other ERC coins. In fact, it is more high when there is an increase with ethereum price. But when ethereum changes their gas fee or even lowered it. Many people would love to transact using eth.


Title: Re: I'm scared of ethereum gas fee
Post by: Silberman on September 23, 2020, 04:52:11 PM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
First of all there is no point in worrying for something that is not going to happen anytime soon, ETH may reach that price in a few years but it will not happen now, second there is no point to panic either since that does not help you to find solutions, however when it happens we need to be honest the fee is going to be way higher than what it is now, but that is also normal and the only way to deal with this is to increase the size of your investments so your transactions costs are not higher than the amount of money you want to move.


Title: Re: I'm scared of ethereum gas fee
Post by: UniversityCoin on September 23, 2020, 11:21:19 PM
ETH is getting too volatile. Uniswap really set the bar too high for gas fees and even DeFi. Uniswap is known for higher gas fees but better trading, too much people have been using the ETH network therefore the demand for higher gas fees.

You're wrong. Uniswap he is not setting the bar gas prices. The gas price is set by the users themselves. Each of them wants their transaction to be completed as quickly as possible, so everyone is in a hurry to choose a higher gas price.


Title: Re: I'm scared of ethereum gas fee
Post by: Shasha80 on September 23, 2020, 11:35:05 PM
In my opinion, don't be too afraid of increasing gas fees for ethereum, because I am sure the ethereum development team will
immediately fix the issue of high transaction fees on ethereum. I am sure if ethereum 2.0 officially releases ethereum transaction
fees will decrease. Therefore, don't focus too much on ethereum, many other altcoins are of similar quality to ethereum, but with
cheaper transaction fees.


Title: Re: I'm scared of ethereum gas fee
Post by: Viscore on September 23, 2020, 11:43:14 PM
Fees will soon decrease, it only happens now that it goes high because a lot of people are using it. They need to increase their fees just to cope with the deadline or wanting their transaction confirmed quickly. But you can wait a little bit longer, setting it to the lowest Gas fee is still acceptable. Though it is quite high than before when there is no hype happen, but we have no choice.


Title: Re: I'm scared of ethereum gas fee
Post by: proTECH77 on September 24, 2020, 12:44:30 PM
It is your choice, if you don't have the money for  ETH gass fee, there are other cryptocurreny with low gas feel that you will enjoy their profit very well, such as BTC, LTC, and BNB.You can invest your altcoin and make great profit at the end of the transaction.
I think you should have nothing to worry about, if you have so much interest  with Ethereum very soon the gas fee will drop because of the new people that will be having intwrest on it.
Ethereum will not reach $2000 because of some investors  that will be having interest to invest.


Title: Re: I'm scared of ethereum gas fee
Post by: poodle63 on September 24, 2020, 02:48:15 PM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
Looking on the current situation we have now I don't think the gas will go back to normal and it is annoying that you will pay high fees for a single transaction. Consequently, I am now not making any transaction that use ETH network as much as possible. In hope that everything will go better as soon as ETH 2.0 release.
not even bitcoin could keep its fee at bay when overflowed with so many transactions that trying to get ahead against each other and we're talking about eth here where many tokens, dapps living on the platform. I doubt the fee will go down anytime soon and if any, it's just gonna get worse because more and more projects created within eth blockchain right now because it's trending.


Title: Re: I'm scared of ethereum gas fee
Post by: UniversityCoin on September 24, 2020, 09:53:06 PM
In my opinion, don't be too afraid of increasing gas fees for ethereum, because I am sure the ethereum development team will
immediately fix the issue of high transaction fees on ethereum. I am sure if ethereum 2.0 officially releases ethereum transaction
fees will decrease. Therefore, don't focus too much on ethereum, many other altcoins are of similar quality to ethereum, but with
cheaper transaction fees.

The development team has been working on Ethereum 2.0 for more than a year. What can you do there for so long? It seems to me that developers are wasting their time.


Title: Re: I'm scared of ethereum gas fee
Post by: Zemomtum on September 24, 2020, 10:07:48 PM
Hope this situation will be resolved soonest. ETH gas price now cost higher than the traditional banking system. Are we truly in a safe decentralized economy? It is either this change now or another project overtaken.


Title: Re: I'm scared of ethereum gas fee
Post by: fammy on September 25, 2020, 03:27:50 AM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
I think the developer must fix this problem and issue knowing that there are many crypto enthusiasts who are using their blockchain/platform and if they will not make an action it will be a very big lost for them because I think many crypto enthusiasts will change into a much lesser and cheaper gas fee blockchain/platform


Title: Re: I'm scared of ethereum gas fee
Post by: Kong Hey Pakboy on September 25, 2020, 06:06:49 AM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
I think the ETH gas fee can't go up for more than $2,000. But it is truly troublesome for every crypto enthusiast to cope with the high gas fees because they won't grab the opportunity if they can't afford to pay high fees. It is why I won't be able to sell some of my holdings because I can't also afford to pay the gas fees. I hope that developers will find a way to deal with this situation to make the gas fees way cheaper because many crypto users are still waiting for their ETH 2.0.


Title: Re: I'm scared of ethereum gas fee
Post by: rahmathidayat93 on September 25, 2020, 01:36:47 PM
I think the developer must fix this problem and issue knowing that there are many crypto enthusiasts who are using their blockchain/platform and if they will not make an action it will be a very big lost for them because I think many crypto enthusiasts will change into a much lesser and cheaper gas fee blockchain/platform
The blockchain is currently building a better system for everything, it's just that it won't be finished anytime soon considering gas costs are currently not very stable and even change frequently in seconds, so the developer is clearly making improvements in this matter.


Title: Re: I'm scared of ethereum gas fee
Post by: PhilEilhart on September 25, 2020, 01:40:58 PM
Genuinely gas expense is outrageous. I cruel its nearly x5 of the charge you wish to enlist on a keen contact. And on the off chance that you try to decrease it. I’m anxious it'll conclusion on pending transaction. And you may be charged for organize fee. Its fair not cool


Title: Re: I'm scared of ethereum gas fee
Post by: Plinteng on September 25, 2020, 01:50:48 PM
yes, the current increase in ETH fees is going crazy and this can be problematic. I mean, If you are trading a very small cryptocurrency turnover, you have to withdraw from the exchange 1 time in a few months so as not to lose a lot of commissions, this is one way. Only trade on the stock exchange and don't withdraw for a long time.


Title: Re: I'm scared of ethereum gas fee
Post by: LimLims on September 25, 2020, 02:27:54 PM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.

Yes it's a serious problem that is seen in every area.
I too have witnessed the era when gas fees was 2 GWEI.
But as many people have started using ETH more than BTC , therefore the rise of this has taken place IMO.
I haven't seen such a huge high in the price of GAS in my whole Trading period.
Moreover compare to the last 48 hours, the price has gradually reduced by some percentage.
Hope everything to be back in Normal asap.


Title: Re: I'm scared of ethereum gas fee
Post by: Cekerula on September 25, 2020, 03:02:30 PM
if ETH can really break through $ 2000 then for me personally it wouldn't be a problem if our gas costs are even equivalent to $ 10- $ 20, (impossible) & I think it's worth the return on ETH's price of $ 2000, the profit is bigger in comparison only spent a small capital on gas.


Title: Re: I'm scared of ethereum gas fee
Post by: Radio-Active on September 26, 2020, 03:14:53 PM
Bro, i don't think that gonna happening in the future. The price of ethereum itself is not that high.
If the fee of transaction on blockchain is going too high, i think people won't using blockchain anymore in the future.
The ethereum gas fee is only very high when there are many transactions submitted with high gas fee.


Title: Re: I'm scared of ethereum gas fee
Post by: Princejebs on September 26, 2020, 10:18:23 PM
Bro, i don't think that gonna happening in the future. The price of ethereum itself is not that high.
If the fee of transaction on blockchain is going too high, i think people won't using blockchain anymore in the future.
The ethereum gas fee is only very high when there are many transactions submitted with high gas fee.
Not just that buddy, ethereum network lacks the ability to scale. This is why the network is always congested when masses want to move coin, swap or trade on decentralized exchange. If Ethereum keep going at that point, it will become useless to less investors. Decentralized wouldn't be suitable at that point because even the banks wouldn't charge you that kind of amount for making a transaction.
I can imagine making a transaction for $10, that's huge mehn.


Title: Re: I'm scared of ethereum gas fee
Post by: kayvie on September 26, 2020, 11:10:34 PM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
Don't even bother or be scared thinking about that. Ethereum reaching $2k is still far from its reach. And if ever that this happen, we should not be worried since this is normal as the price of ethereum increases, gas will also do. Also, we should also expect failed transactions.


Title: Re: I'm scared of ethereum gas fee
Post by: oscarftw on September 26, 2020, 11:59:16 PM
yes, the current increase in ETH fees is going crazy and this can be problematic. I mean, If you are trading a very small cryptocurrency turnover, you have to withdraw from the exchange 1 time in a few months so as not to lose a lot of commissions, this is one way. Only trade on the stock exchange and don't withdraw for a long time.

I used to transfer tokens between exchanges quite often, if I could buy them on one exchange cheaper and sell them on the second more expensive. Now I stopped doing this because of the high commissions of the ether network. Now this method does not bring me any income and it upsets me.
Actually, we can't trade on the decentralize exchange for this high cost. Send Ethereum>Deposit>maketransaction>withdraw>send it to my wallet. Maybe you could use centralized exchange for these types of transactions and use Binance coin to change from one exchange to another exchange. Now I'm ignoring the low price ERC-20 tokens to sell that can't recover the transaction.


Title: Re: I'm scared of ethereum gas fee
Post by: TIDOVEE on September 27, 2020, 12:16:15 AM
The gas fee increment could actually bring concern but do you think there is something we can do to bring it down, I believe since Bitcoin is decentralized the increment is not to target anyone it must have come due to certain inevitable reasons. In as much as we are getting good rewards, ed just have to beat it, I guess it has been affected by the world general economy.


Title: Re: I'm scared of ethereum gas fee
Post by: ipanks on September 27, 2020, 05:20:46 AM
Actually, we can't trade on the decentralize exchange for this high cost. Send Ethereum>Deposit>maketransaction>withdraw>send it to my wallet. Maybe you could use centralized exchange for these types of transactions and use Binance coin to change from one exchange to another exchange. Now I'm ignoring the low price ERC-20 tokens to sell that can't recover the transaction.
If we can profit from the trade on the decentralized exchange, I think we don't have to think about the gas. I don't want to pay for that such high gas and I am waiting until the gas can reduce for a while so I can try to buy the coins/tokens. If you trade at the centralized exchange, the gas fee will not increase too high because I see in binance, the gas still not too high depends on decentralizing exchange. I agree that we can use other coins to replace the gas fee.


Title: Re: I'm scared of ethereum gas fee
Post by: bitcoinisbest on September 27, 2020, 05:46:51 AM
For now, minimizing gas costs in order to be able to transact at a low cost using ETH is very difficult. One of them in my opinion is choosing the right time when we want to make a transaction even though the value is not much different.

The fees are crazy and really at times do not send it via ETH. Get it converted to some other coin and send it because somehow had waited for long that may be the gas would reduce incoming time but being long now and had to send it. I hope soon things may be more stable than this sort of transaction fees.


Title: Re: I'm scared of ethereum gas fee
Post by: xOdiumNostrumx on September 27, 2020, 10:11:44 AM
Paying 2+ bucks for an ETH transaction has become a new normal, at least for me and this should not happen. If ETH devs fail to provide the solution for it with 2.0, people will rapidly start to migrate to different protocols and ETH could loose a big chunk of its users. But I am pretty sure they can pull it off, so it is just a matter of time when we will be again able to send ETH and ERC20 tokens for a fraction of the current price.


Title: Re: I'm scared of ethereum gas fee
Post by: bocyaj on September 27, 2020, 05:03:01 PM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.

When the price of ETH had reached 2000$,the demand also reached a new height.So the gas fee will be reduced to ten times lower then now.
If we want to convert any coin to ETH,the gas fee is high now.It cause the price of Eth into low and many are holding for the next rise of ETH price.


Title: Re: I'm scared of ethereum gas fee
Post by: vermigerous on September 27, 2020, 05:08:28 PM
Don'tbe scared pal. For now it may have aome sificult time to adjust that ethereum Gas fee goes up in a high point. However there would come a time that it would neutralise again and back to it's very common verage fee. It just takes a high rise in fee since it got a huge rise also in it's price.


Title: Re: I'm scared of ethereum gas fee
Post by: EMV on September 27, 2020, 06:32:15 PM
I think that soon the gas price will be resolved.  let's see when ETH switches to another scaling protocol.  If all goes well, the price of gas will decrease and the throughput of transactions will increase.


Title: Re: I'm scared of ethereum gas fee
Post by: XCANA on September 27, 2020, 06:54:42 PM
I think the developer must fix this problem and issue knowing that there are many crypto enthusiasts who are using their blockchain/platform and if they will not make an action it will be a very big lost for them because I think many crypto enthusiasts will change into a much lesser and cheaper gas fee blockchain/platform
The blockchain is currently building a better system for everything, it's just that it won't be finished anytime soon considering gas costs are currently not very stable and even change frequently in seconds, so the developer is clearly making improvements in this matter.
I also share your ideas about the Blockchain be an infant because it's just trying to build the system. Basically am happy to see that there is improvement with the Blockchain system and the future will be great after this huddles. I think the ethereum gas fees will be minimize when time come but we should just wait for the future and bear with the current situations on ground for the now. As for now the gas fees for ethereum has come down to normal.


Title: Re: I'm scared of ethereum gas fee
Post by: cute nmp on September 27, 2020, 07:58:30 PM
Well it is not only you that is scared of the ethereum gas fee nowadays.Every time I want to make a transaction the first thing that comes to my mind is gas fee many atimes I usually wait to see it become low before proceeding with the transaction.I really hope the conditions improve and the fees will be lower once again.


Title: Re: I'm scared of ethereum gas fee
Post by: pixie85 on September 27, 2020, 09:26:40 PM
What if ether price goes up to more than $2000 dollars..

ETH won't go to 2 thousand without Bitcoin first going to 40. You're talking about something that may never happen because events when a cryptocurrency doubles its ATH aren't something normal.

If you hold ETH and it suddenly goes to 2000 USD you will be rich enough to pay the fee.


Title: Re: I'm scared of ethereum gas fee
Post by: Lorokan on September 27, 2020, 10:52:00 PM
I do not think there is any need or reason to be worried about the etherum transaction gas fees, you should just make sure that you follow the basics, visit ethgasstation firstly and check for fast gwei, then you can proceed to fund your wallet and make your token transaction.

Visiting ethgasstation firstly, will help you make the correct choices and make your transaction faster.


Title: Re: I'm scared of ethereum gas fee
Post by: Silberman on October 01, 2020, 04:23:38 PM
Bro, i don't think that gonna happening in the future. The price of ethereum itself is not that high.
If the fee of transaction on blockchain is going too high, i think people won't using blockchain anymore in the future.
The ethereum gas fee is only very high when there are many transactions submitted with high gas fee.
I know that people do not like it but that is simply how it is, if the interest in ethereum increases then it is natural the fee increases, this means that you cannot make very small transactions anymore as the fee is probably higher than the amount you are trying to send, this can be a problem if you were looking to make small purchases but if you are a trader then you need to have enough capital to counteract this otherwise you will never be able to take advantage of the moments of big volatility in the market.


Title: Re: I'm scared of ethereum gas fee
Post by: Dedewahyu on October 01, 2020, 05:15:35 PM
Bro, i don't think that gonna happening in the future. The price of ethereum itself is not that high.
If the fee of transaction on blockchain is going too high, i think people won't using blockchain anymore in the future.
The ethereum gas fee is only very high when there are many transactions submitted with high gas fee.
I know that people do not like it but that is simply how it is, if the interest in ethereum increases then it is natural the fee increases, this means that you cannot make very small transactions anymore as the fee is probably higher than the amount you are trying to send, this can be a problem if you were looking to make small purchases but if you are a trader then you need to have enough capital to counteract this otherwise you will never be able to take advantage of the moments of big volatility in the market.
for traders, fees do not have much effect but this is very influential for ordinary transactions such as in my country's exchanger and several other exchangers ask for a withdrawal fee of 0.1 eth, in my opinion it's crazy 0.1 eth around 37usd for 1x withdrawal
Transaction fees and gas can be adjusted according to what we want but it has an impact on transaction speed


Title: Re: I'm scared of ethereum gas fee
Post by: warg2017 on October 01, 2020, 05:17:07 PM
Facing this situation,i think what we can do is reduce trading frequency,the more frequent the transaction, the more fee will be paid,unless you are really good at short-term.I had dreamed about ETH  goes up to more than $2000,but reality,it is hard,isn't it?
High gas fee will come down,even back to normal price sooner or later,let us get used to it.


Title: Re: I'm scared of ethereum gas fee
Post by: Icologies on October 01, 2020, 05:18:44 PM
very uncontrollable regarding ethereum's GAS costs up and down anytime of course all crypto users will complain about this problem
including myself if a situation like this continues some crypto users will run away and stop using the ethereum network anymore


Title: Re: I'm scared of ethereum gas fee
Post by: ven7net on October 01, 2020, 05:54:21 PM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.

I remember there was one crypto project, crypto kittens, and it provoked a rise in the price of the ETH commission. I believe that a similar story is happening now only from DeFi projects. The situation is aggravated by the fact that DeFi can be active for a long time and if Ethereum cannot solve the problem with the load on the network, then we will see high fees for paying for gas on the ETH network for a long time to come. Unfortunately, there is nothing we can do, well, except to use other cryptocurrencies or wait for the moment of a lower gas price.


Title: Re: I'm scared of ethereum gas fee
Post by: qwizzie on October 01, 2020, 06:14:06 PM
there sure are a lot of you in here


Title: Re: I'm scared of ethereum gas fee
Post by: KimmyF on October 01, 2020, 06:23:54 PM
What if ether price goes up to more than $2000 dollars..

ETH won't go to 2 thousand without Bitcoin first going to 40. You're talking about something that may never happen because events when a cryptocurrency doubles its ATH aren't something normal.

If you hold ETH and it suddenly goes to 2000 USD you will be rich enough to pay the fee.
I'm pretty sure that in 6 months, Ethereum couldn't go for 2000 USD. In 6 months we will definitely have Ethereum 2.0. Look at the ripple and BNB transaction cost, which is very low because TPS are very high in this coin. In the future Ethereum 2.0 will have a high TPS. If the price goes to 2k USD, we don't need to worry about transaction costs.


Title: Re: I'm scared of ethereum gas fee
Post by: amos77978 on October 01, 2020, 07:29:48 PM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
me too lol.. the shit is real.. I remember paying 15usd gas fee at a time just to transfer token.. it's even more reasonable to move your funds In bitcoin than ethereum at this time.. but nonetheless bitcoincash is still the best option


Title: Re: I'm scared of ethereum gas fee
Post by: passwordnow on October 01, 2020, 07:38:41 PM
It will be ok soon. Gas fees today are very much high but if you will remember those old days when fees are high and network's are very congested, they have been solved after all.
Just hold now if your priority is holdig and stay invested and don't think too much with the fees if you don't do transaction much. There will be innovation and changes soon.


Title: Re: I'm scared of ethereum gas fee
Post by: hahay on October 01, 2020, 09:06:35 PM
I don't care about ethereum's rising gas fees because the cryptocurrency market is not just about ethereum. at least there are many other coins that can still be used at a low fee. That way, I think the increase in fees that occurs will certainly have an impact on the coin itself, but at least the evidence will happen there when there are still many people using ethereum, so that's proof that high gas fees in ethereum will not make ethereum lose its enthusiasts.


Title: Re: I'm scared of ethereum gas fee
Post by: jrrsparkles on October 01, 2020, 09:55:51 PM
I don't care about ethereum's rising gas fees because the cryptocurrency market is not just about ethereum. at least there are many other coins that can still be used at a low fee. That way, I think the increase in fees that occurs will certainly have an impact on the coin itself, but at least the evidence will happen there when there are still many people using ethereum, so that's proof that high gas fees in ethereum will not make ethereum lose its enthusiasts.
Literally people can't spend their ethereum due to the high fee and this will exists forever due to the other tokens using the blockchain network for their transaction.So ethereum is not really going to be successful if people are using this to make money. Hope ethereum 2.0 will solve the problem.


Title: Re: I'm scared of ethereum gas fee
Post by: Punk4000 on October 01, 2020, 10:22:16 PM
Quote
Hope ethereum 2.0 will solve the problem.

But ETH 2.0 its already active right? if not when then?


Title: Re: I'm scared of ethereum gas fee
Post by: Renampun on October 01, 2020, 10:30:03 PM
Gas prices have skyrocketed due to de-fi projects. If it goes like this the ethereum network will not be able to handle it. Ethereum needs to be improved.
the high gas fee has made me stop transactions on  tokens which using the ERC-20 blockchain...
Vitalik must take this seriously because many transactions are delayed due to very high gas fees. Just imagine I have to pay $ 3 gas fee to process an ERC-20 based coin, this is really very difficult for traders.


Title: Re: I'm scared of ethereum gas fee
Post by: bustabitsboy on October 01, 2020, 11:46:35 PM
Of course, the gas price is quite high, but it cannot reach $ 2,000 in the near future.  At the moment, a second protocol is being developed to solve this problem.


Title: Re: I'm scared of ethereum gas fee
Post by: jrrsparkles on October 02, 2020, 06:16:13 AM
Quote
Hope ethereum 2.0 will solve the problem.

But ETH 2.0 its already active right? if not when then?
Nope, Not yet!

As per their announcement we can expect the launch of ethereum 2.0 in the month of November or atleast before 202 ends said by Vitalik.

Changing PoW to Pos is expected to increase 100K transactions per second on ethereum network.


Title: Re: I'm scared of ethereum gas fee
Post by: Lerikaweb on October 02, 2020, 06:28:17 AM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.



Take a closer look at trs20 tokens. The network has zero fees, so trading is much easier to afford for a beginner. After some time erc20 network will come back to regular fee rates.


Title: Re: I'm scared of ethereum gas fee
Post by: Jeger.Kiting on October 02, 2020, 08:10:51 AM
Still with too much gas, it is difficult for beginners to start something so currently it is very difficult for them to understand transactions in large amounts and small amounts, many are turning to other coins to facilitate their transactions, if ethereum like this continues it is very difficult for all people, even many projects switch to using the TRC20 or to other coins, who knows how long it will end if left idle, it will harm many parties, especially miners and investors ..


Title: Re: I'm scared of ethereum gas fee
Post by: ser7878 on October 02, 2020, 08:39:05 AM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
My guess and hope is - the price of eth will only get this big after eth2.0 update is out which should solve this fee issue going on right now.
Thus, its not going to be a problem then


Title: Re: I'm scared of ethereum gas fee
Post by: aryana42 on October 02, 2020, 08:43:16 AM
The recent increase in ethereum gas costs has been a problem for users, especially for me, I have several tokens from the bounty proceeds and want to move them to my mobile wallet but the delivery costs are more expensive than the token value.
This problem is not only for you who experience it, but all ERC-20 wallet users experience the same thing, namely the high cost of gas so that they cannot make the transaction they want at this time.


Title: Re: I'm scared of ethereum gas fee
Post by: casperBGD on October 02, 2020, 08:51:34 AM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
My guess and hope is - the price of eth will only get this big after eth2.0 update is out which should solve this fee issue going on right now.
Thus, its not going to be a problem then

yeah, but we are talking about phase 1.5 at least, and that would be in a year, or year and a half, so not that soon
i just hope that competition will stay as of now, and will not cause many issues for ETH, just copying Ethereum solutions to their network, and picking up on that, if we have something disruptive in the mean-time, will be very tough for Ethereum to defend first-mover advantage


Title: Re: I'm scared of ethereum gas fee
Post by: nomenclatur on October 02, 2020, 09:08:05 AM
gas costs ethereum will remain as it has been for years the cost of gas continues as it increases and decreases continued to occur no solution to the fee-gas possibility this will happen a few more years for miners require more profit for each miner so for the price of fee-gas ethereum will not be can be stable for the near future.


Title: Re: I'm scared of ethereum gas fee
Post by: genievic23 on October 02, 2020, 09:16:58 AM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.

I share your concern about this, the day that we could send our small value tokens seems to be over, the gas is much more bigger than the value of some tokens I'm holding. LOL, I can't even send the small ones. It's impossible for me to spend now in ethereum blockchain and maybe only the whales got to enjoy the earnings now to some ethereum based projects. And speaking of projects, I've saw a good one to invest to today, I've heard NFT's will be the next big thing in crypto markets, so if you're interested. you can search for KittieFIGHT.


Title: Re: I'm scared of ethereum gas fee
Post by: ameliana on October 02, 2020, 09:21:39 AM
If ETH really hits the $ 2000 mark you mean, then you don't have to worry about fuel costs. but in my opinion it is impossible if ETH can reach that price. Regarding this, you don't need to worry, if I'm not mistaken, the same thing happened in 2017 where high ETH Gas prices and a network system crash resulted in slow transactions. and I think this problem will be resolved soon or can return to normal.


Title: Re: I'm scared of ethereum gas fee
Post by: HK88 on October 02, 2020, 10:49:48 AM
Fee ETH has been on rise for a while now, it is so frustrating to transaction without facing the high eth fees, if you want your transaction go faster then you just have to increase your gas otherwise your transaction will not go through, this is the new reality.


Title: Re: I'm scared of ethereum gas fee
Post by: UniversityCoin on October 14, 2020, 10:58:05 PM
yes, the current increase in ETH fees is going crazy and this can be problematic. I mean, If you are trading a very small cryptocurrency turnover, you have to withdraw from the exchange 1 time in a few months so as not to lose a lot of commissions, this is one way. Only trade on the stock exchange and don't withdraw for a long time.

I used to transfer tokens between exchanges quite often, if I could buy them on one exchange cheaper and sell them on the second more expensive. Now I stopped doing this because of the high commissions of the ether network. Now this method does not bring me any income and it upsets me.
Actually, we can't trade on the decentralize exchange for this high cost. Send Ethereum>Deposit>maketransaction>withdraw>send it to my wallet. Maybe you could use centralized exchange for these types of transactions and use Binance coin to change from one exchange to another exchange. Now I'm ignoring the low price ERC-20 tokens to sell that can't recover the transaction.

It all depends on the expected profit from trading. If it covers all the costs of making all transactions, then why not trade? Just such Commission sizes limit the possible trading options. And also suffer those who in the pursuit of profit incorrectly calculated the amount of all commissions and because of this received losses.


Title: Re: I'm scared of ethereum gas fee
Post by: bobyhodob on October 14, 2020, 11:57:55 PM
I am also an ETH holder, and I am also worried about this situation. afraid when old holders will feel stifled and immediately switch to another altcoin / token which will make the demand less so that the price will go bad (hopefully that's just my dirty mind). Rising gas prices overwhelmed small traders / holders like myself. will ETH v2.0 be able to solve this problem? hopefully
indeed what is waiting is the development of ethereum which is said to launch Ethereum 2.0 but I am still not sure that this project will make Ethereum price expensive or not because to be honest I am not sure and there is no guarantee that the price will go up.


Title: Re: I'm scared of ethereum gas fee
Post by: ahyadinnn on October 15, 2020, 12:21:57 AM
I am also an ETH holder, and I am also worried about this situation. afraid when old holders will feel stifled and immediately switch to another altcoin / token which will make the demand less so that the price will go bad (hopefully that's just my dirty mind). Rising gas prices overwhelmed small traders / holders like myself. will ETH v2.0 be able to solve this problem? hopefully
I have a few coins on ethereum and are still waiting for etherium costs to drop, because now it is very expensive for me, and for ETH v2.0 I am not sure  will be able to solve this problem, because shipping costs depend on the density of the transaction


Title: Re: I'm scared of ethereum gas fee
Post by: jdnthny on October 15, 2020, 01:29:19 AM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
Well I don't think that ethereum gas fee will exceeds up to $2000 dollars knowing that many people are using their blockchain it will definitely a big problem to them and many people will definitely rally and further boycott them if that will happen.


Title: Re: I'm scared of ethereum gas fee
Post by: bayu7adi on October 15, 2020, 01:59:25 AM
Well I don't think that ethereum gas fee will exceeds up to $2000 dollars knowing that many people are using their blockchain it will definitely a big problem to them and many people will definitely rally and further boycott them if that will happen.
There is no need for an explicit boycott, Ethereum will take care of itself when it realizes that many of its users are choosing other blockchain network alternatives to meet the needs of every developer or individual.

Hopefully Ethereum 2.0 will be the answer to all the Ethereum community that can provide convenience in making transactions, in the form of low GAS fees that users must pay


Title: Re: I'm scared of ethereum gas fee
Post by: Restmand on October 15, 2020, 02:01:24 AM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
It's natural for me ETH will increase its gas especially if there are many transactions on ERC20. We will just wait for the gas fee to drop, it is not new to us especially bounty hunters and to those who joins airdrops where lots of coins received for free. Everything will go normal in the future just do not be greedy.


Title: Re: I'm scared of ethereum gas fee
Post by: coinsycrip09 on October 15, 2020, 03:21:11 AM
i'm sure they'll find a solution to this problem so don't worry too much.
especially if eth 2.0 is released, maybe the problem of high fees will end soon.

but if you feel ethereum gas is too expensive, you can look for alternatives.
many options that you can use with cheap gas fees.


Title: Re: I'm scared of ethereum gas fee
Post by: themohit on October 15, 2020, 03:59:55 AM
The recent increase in ethereum gas costs has been a problem for users, especially for me, I have several tokens from the bounty proceeds and want to move them to my mobile wallet but the delivery costs are more expensive than the token value.
It is sad truth and we all are in similar positions right now.
However, since uni hype settled down so did eth fees, thus you can now trade and exchange more freely, you just got to keep an eye on gas tracker - fees are quite comfortable at some days and/or time of the day.


Title: Re: I'm scared of ethereum gas fee
Post by: piebeyb on October 15, 2020, 04:46:43 AM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
It has happened several years ago where the price of ETH has increased then the cost of gas is also fairly expensive, so until now this problem has not been resolved and ETH is still the prima donna in the crypto world while like ETH is still not ready to have a high value in the future , there are a lot of things that need to be fixed, especially this gas cost problem, it looks like people are waiting for ETH 2.0 to be released soon and they haven't really released it yet, so waiting for it to actually be launched


Title: Re: I'm scared of ethereum gas fee
Post by: yohananaomi on October 15, 2020, 06:26:30 AM
The ethereum Gas fee is so expensive now because of this so many bounty hunters of altcoins that they should not sell their altcoins obtained in altcoins bounty or airdrops because if it is still low the price of their coin they can hold first hold for a long time because if the price of their hold coin is high they can sell it because eth eth eth gas is expensive now it is too high or expensive bitcoin price.
There have been improvements for gas, compared to when it was early a few months ago although it is not at all satisfactory, because obviously with eth gas that is currently happening it will be difficult for anyone who gets altcoins to exchange because the costs are high and the results are not worth it. so that many altcoins are held and even become worthless because the exchange does not accept to be traded anymore.
How long there will be changes and returning to the past cannot be predicted besides there are indeed other alternatives to replace them.


Title: Re: I'm scared of ethereum gas fee
Post by: Inkdatar on October 15, 2020, 06:30:55 AM
i'm sure they'll find a solution to this problem so don't worry too much.
especially if eth 2.0 is released, maybe the problem of high fees will end soon.

but if you feel ethereum gas is too expensive, you can look for alternatives.
many options that you can use with cheap gas fees.
All we have to do for this problem is to find other options since ethereum gas fee is really expensive these days.  That’s were waiting to happen the launch of upgrade of ethereum that fees will be reduced at least. This situation was already happened before so in the meantime, we may wait for the upgrade or go with the fees.


Title: Re: I'm scared of ethereum gas fee
Post by: imstillthebest on October 15, 2020, 06:37:41 AM
Quote
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. with time.
first off , two thousand dollars is already too good to be true on etherium  . people before were wishing for a new revolutionary price for etherium but that did not happen and for the record eth gains were stop at 400 dollars but at that verry small price the fee were already scary . being scared sounds wierd but this is the truth that are happening now not only in eth but to btc also .

Quote
I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce
holy shet 2 gwei?  that year must be 19forgotten .  thats the time where eth price is under a dollar  . theres no congestion with that fee back time but now theres a congestion even with a bigger fee


Title: Re: I'm scared of ethereum gas fee
Post by: Febo on October 15, 2020, 03:07:09 PM
The recent increase in ethereum gas costs has been a problem for users, especially for me, I have several tokens from the bounty proceeds and want to move them to my mobile wallet but the delivery costs are more expensive than the token value.
It is sad truth and we all are in similar positions right now.
However, since uni hype settled down so did eth fees, thus you can now trade and exchange more freely, you just got to keep an eye on gas tracker - fees are quite comfortable at some days and/or time of the day.

They went down? Let em check. Fro today Etehreum fees are $2. Lets say sudden price increase x10 as a lot speculators expect. Then we get $20 fees. And what if at that moment come some new DeFi hype? Fees will be $200?


Title: Re: I'm scared of ethereum gas fee
Post by: trauchot on October 15, 2020, 05:50:45 PM
Now the price of transactions on the Ethereum blockhain has dropped very much and this is of course very good, I don’t know why this happened, but we all waited for this for a long time and I hope that in the future the price of transactions will only fall, otherwise, few people will want to pay for a transaction 20-30$, it is also expected that Ethereum 2.0 will solve this problem, so we are waiting for the release of Ethereum 2.0.


Title: Re: I'm scared of ethereum gas fee
Post by: Rengga Jati on October 15, 2020, 06:05:51 PM
Everyone also has similar issues with the withdrawal fees for Ethereum. Moreover, sometime,s the withdrawal fees of ERC20 tokens are higher than the nominal of the token price amount if sold. or it is about 50% of the amount is the fees. It is wow and if it still continues, many people will have trouble. And in fact, because of the higher fee increase of ERC20 token and ETH, several services that sell gas fee for ETH is closed. As what I experienced in my country. I cannot buy the gas fee in a service because they no longer provide gas fees due to the very high fees.
But now, it seems start decreasing.


Title: Re: I'm scared of ethereum gas fee
Post by: huu78 on October 15, 2020, 06:51:47 PM
I also think so, if the ETH price continues to rise, it is likely that eth gas prices will also continue to rise.
when the bulls in 2017, when eth was at 1k $, the average fee was 5 $, it was cheaper than now, who paid a minimum fee of 3 $ for one transaction at an eth price which was still below 400 $.


Title: Re: I'm scared of ethereum gas fee
Post by: Chuky92 on October 15, 2020, 10:04:19 PM
That is true, everyone is just scared of the whole thing and it really gives concerns, and not only that, it discourages as well. Imagine having a transaction to do on an exchange like Uniswap and the fee is high, you will feel discouraged and might end up missing an opportunity. But yet, I tend to believe all will be sorted out with time, most especially with the forthcoming upgrade, the issue of the high gas fee will most likely be settled. Also, funny enough, the high gas fee do not seems to affect the Ethereum ecosystem hence showing that people have come to trust it massively while believing the team to fix everything.
Just a little addition, for withdrawals like USDT, using TRC-20 chain is better because it comes with no fee.


Title: Re: I'm scared of ethereum gas fee
Post by: Untomabur on October 15, 2020, 10:15:36 PM
If you are afraid of the cost of ethereum gas, it is better if you store ethereum on an exchange so that you are not exposed to gas fees, it is better because ethereum gas is still unstable and it is true that gas costs always fluctuate every time this really causes problems for the current ethereum blockchain users.
It is risky to store your balance on an exchange. Even though you are avoiding the cost of ethereum gas, you cannot avoid the risk of losing all your ethereum if you store it on an exchange. I think it is better to pay transaction fees or the gas instead of risking all your money.
from the case that happened in Kucoin, it seems that many people are starting to be wary of centralized exchanges,
storing crypto currency assets is better in private wallets, because the level of security is much higher, hackers cannot be prevented.
And Hey look!, Ethereum Gas on Etherscan is showing at 30 Gwei, looks like Gas has gone down, and why are you scared?


Title: Re: I'm scared of ethereum gas fee
Post by: NewRanger on October 15, 2020, 11:33:06 PM
If you are afraid of the cost of ethereum gas, it is better if you store ethereum on an exchange so that you are not exposed to gas fees, it is better because ethereum gas is still unstable and it is true that gas costs always fluctuate every time this really causes problems for the current ethereum blockchain users.
It is risky to store your balance on an exchange. Even though you are avoiding the cost of ethereum gas, you cannot avoid the risk of losing all your ethereum if you store it on an exchange. I think it is better to pay transaction fees or the gas instead of risking all your money.
from the case that happened in Kucoin, it seems that many people are starting to be wary of centralized exchanges,
storing crypto currency assets is better in private wallets, because the level of security is much higher, hackers cannot be prevented.
And Hey look!, Ethereum Gas on Etherscan is showing at 30 Gwei, looks like Gas has gone down, and why are you scared?
dont worry using decentralized exchanges as long as this exchanges have insurance to recover hacking case. kucoin and binance be part of exchanges that already guarantee customer fund with insurance. storing in exchanges wallet or wallet that we hold its private key have same risk.hacker have technique to attack it, remember metamask that using private key access could attacked.


Title: Re: I'm scared of ethereum gas fee
Post by: Velvet78 on October 16, 2020, 03:36:49 PM
I don't think there is anything to be afraid of. The same has happened for CryptoKitties in the past. Such densities will help the Ethereum to develop over time, and it should be noted that Ethereum is still improving.


Title: Re: I'm scared of ethereum gas fee
Post by: ecnalubma on October 16, 2020, 05:56:22 PM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
Eth transaction seem normal now however for me its still high at 50 gwei. Eth users are not enjoying to use the network anymore except for the miners where their earnings skyrocketed. I hope the Eth 2.0 will solve the issue or else people will slowly stay away from Ethereum network.


Title: Re: I'm scared of ethereum gas fee
Post by: Darktongue on October 16, 2020, 06:02:13 PM
I also think so, if the ETH price continues to rise, it is likely that eth gas prices will also continue to rise.
when the bulls in 2017, when eth was at 1k $, the average fee was 5 $, it was cheaper than now, who paid a minimum fee of 3 $ for one transaction at an eth price which was still below 400 $.
Maybe you don't need to worry about transaction costs if you follow up all of the features of Ethereum 2.0. This development must have capabilities to manage the next few transaction confirmation. We don't know the maximum supply of Ethereum but the new supply is decreasing when TPS is increasing in the next beacon chain. Although when blockchain users are available transaction costs must be increased. TRC-20 USD withdraw cost is zero but ERC-20 USD cost is 4.


Title: Re: I'm scared of ethereum gas fee
Post by: smyslov on October 16, 2020, 06:24:52 PM
Gas is much lower now compared when the DeFi is on its hype my last transaction 5 days ago only cost $1.25 I pick the cheaper in my option and was confirmed after 3 hours not bad if you are nor in a hurry to send your token to another wallet, you just have to wait, sometimes the lowest is at $2 sometimes higher than $3 when DeFi is on its hype it sometimes cost $15.


Title: Re: I'm scared of ethereum gas fee
Post by: Valzador on October 16, 2020, 06:29:23 PM
I don't think there is anything to be afraid of. The same has happened for CryptoKitties in the past. Such densities will help the Ethereum to develop over time, and it should be noted that Ethereum is still improving.
The fear is that this fluctuating gas price will cause no adaptation from the community because of this uncertain cost, I am not afraid of the nominal amount of ethereum transaction fees, but I am scared of its instability.


Title: Re: I'm scared of ethereum gas fee
Post by: icekohl on October 16, 2020, 06:32:44 PM
Gas price has been stuck over 51 Gwei for over a month, I don't know when it will return to normal. It means you need to pay 1$ each token transaction, such fees are really huge when you do a lot of microtransactions or do farming.


Title: Re: I'm scared of ethereum gas fee
Post by: isaac_clarke22 on October 16, 2020, 06:53:35 PM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
That's kind of unrealistic gas fee.
That's even below my average earnings in trades back then. Only thing we should worry I think is the speed of transaction instead of the  fees that are being paid.


Title: Re: I'm scared of ethereum gas fee
Post by: minatour on October 19, 2020, 08:00:19 PM
It will reduce with time, guess the gas fee went up because of the current defi hypes and uniswap exchange aswell. With time ethereum gas fee will surely reduce.


Title: Re: I'm scared of ethereum gas fee
Post by: bitcoin31 on October 19, 2020, 10:13:33 PM
Don't be afraid of the ethereum gas fee because I believe it is still small and even the value of the ethereum  is very high the fee is also low. But remember the fee is not permanent amount they have a time the gas fee for the ethereum will rise but only a little bit that you see but don't worry it is still affordable for the investors and user od the ethereum who always makes transaction.


Title: Re: I'm scared of ethereum gas fee
Post by: Gibreil on October 19, 2020, 11:25:25 PM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
It probably make you upset when you see that your fund was almost gone because of ethereum fee. Imagine, how could we bear that fee when it is really high? We cant even done a single transaction without paying it high even the transaction is too slow. This is the reason why I bought ripple to withdraw my funds in an exchange. I can`t really bear the fee of ethereum gas specially when the market is at bull season and the network is congested.


Title: Re: I'm scared of ethereum gas fee
Post by: alisonwonder on October 19, 2020, 11:46:27 PM
If you are afraid of ethereum gas costs increasing and becoming expensive then I suggest using other alternative coins, there are still many that can use low costs and have the same delivery speed, for example, are Tron, EOS and Doge. at least with alternative coins like that transaction costs are cheaper and don't need to be expensive.


Title: Re: I'm scared of ethereum gas fee
Post by: Warkop on October 20, 2020, 07:25:57 AM
If you are having trouble with Ethereum gas getting high and becoming unstable, there are many Altcoin alternatives for you to use that are also very cheap for the cost, so you don't have to think about high fees and don't have to be afraid of making transactions. But if you really want to wait for the Ethereum gas price to drop and stabilize, it might take a long time to resolve, you can choose this option for you to decide.


Title: Re: I'm scared of ethereum gas fee
Post by: Zazzu on October 20, 2020, 07:47:59 AM
And it gets more interesting if you try to claim some tokens from some websites like PLOTX , I had to pay 0.02 eth to claim 0.002 ETH , seems so much fee and that is why so many tokens would rather build their project on polkdot and EOS instead of ethereum!


Title: Re: I'm scared of ethereum gas fee
Post by: casperBGD on October 20, 2020, 08:25:18 AM
And it gets more interesting if you try to claim some tokens from some websites like PLOTX , I had to pay 0.02 eth to claim 0.002 ETH , seems so much fee and that is why so many tokens would rather build their project on polkdot and EOS instead of ethereum!

would not agree, especially for big money

this is true for small investors, that plan to invest few hundred dollars, and claim few bucks, or below that (0.002 ETH), but it is not the case for a large amounts of money, where security of the funds is more important, and ETH is certainly better choice than EOS or even Polkadot, which is much better than EOS from my point of view

and fees are now much lower than a month ago


Title: Re: I'm scared of ethereum gas fee
Post by: yslyv on October 20, 2020, 08:44:41 AM
No need to be scared at all. It will not happen. Actually that is one of the reason why ethereum price will not go that much up. It will come to a balance itself sooner or later. Because if transaction fee increases more, people will interest in ethereum less and price will drop.


Title: Re: I'm scared of ethereum gas fee
Post by: Restmand on October 20, 2020, 08:52:42 AM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
Don't be scared of the gas fee, just wait for the price to goes down as for new investors maybe its horrible for them. Times com that the gas fee will be normalized. I guess gas fee although it increases is not big deal because the price is still manageable, if one cannot go with the high price then wait for the price to get low.


Title: Re: I'm scared of ethereum gas fee
Post by: Lordrift on October 20, 2020, 10:07:23 AM
For a gas fee to reach above $2000 for which I would deem impossible then Ethereum price to dollar must be over the moon then. But looking on the bright side that cannot happen because of the congesting transactions on the blockchain network


Title: Re: I'm scared of ethereum gas fee
Post by: b1boy on October 20, 2020, 10:31:28 AM
The ethereum network has been very busy of late and the was gas fee has been high has been really scary, but i dont think ethereum price going to $2000 should be scary for us because i dont see that happening anytime soon and by the time the price goes up that high then the Eth 2.0 would already be in place by then and that would solve most of the issues and problems congesting the network making the gas fee high


Title: Re: I'm scared of ethereum gas fee
Post by: 1GUARDIAN on October 20, 2020, 10:48:13 AM
I think that by the time the Ethereum price rises to $ 2,000, the developers are already implementing some new features in order to reduce the gas price.
At the moment, such a high price for gas has led to the fact that the work of decentralized exchanges, where previously it was possible to buy a small amount of tokens, is almost completely paralyzed. We are talking about Eterdelta or similar exchanges.
For me, for example, it's a problem to buy a small amount of tokens on Eterdelta, because the gas commission makes it unprofitable.


Title: Re: I'm scared of ethereum gas fee
Post by: Vishnu.Reang on October 20, 2020, 11:49:15 AM
I don't think if some people willing to spend $2000 for just the gas fee and it's impossible to reach that high. Well don't be scared of the gas fee not all the time high, it will go lower anytime. Hopefully this gas problem will fix once eth 2.0 is release.

Oh no.. please don't say that ETH 2.0 is the solution for everything. We don't know much about ETH 2.0, and therefore a real chance exists that it may contain a few bugs and vulnerabilities. And in case what you are saying is true, I am interested to know how ETH 2.0 lowers the transaction/gas fee. I want to understand the mechanism and know whether it is viable in the long-term.


Title: Re: I'm scared of ethereum gas fee
Post by: nrvasquez on October 20, 2020, 12:03:37 PM
For a gas fee to reach above $2000 for which I would deem impossible then Ethereum price to dollar must be over the moon then. But looking on the bright side that cannot happen because of the congesting transactions on the blockchain network
It's the ether price, not the gas fees. but that's indeed impossible. there will be some protocol in the near future that will solve this issues, in fact that some projects already doing their best to build some new platform that can minimize the gas fee


Title: Re: I'm scared of ethereum gas fee
Post by: Alert31 on October 20, 2020, 12:16:11 PM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.

If ever your wide imagination about eth gas fee will happen, I think eth value will also increase into thousands of dollars. But that's too far from the reality. Don't be scared because there are other ways to avoid the higher gas fee of eth if you don't want to pay higher gas fee. Just find other altcoins which is cheaper in terms of transaction fee and make it as an alternative while waiting for eth gas fee to decrease.




Title: Re: I'm scared of ethereum gas fee
Post by: awakpane on October 20, 2020, 12:55:22 PM
Indeed, lately, the cost of ethereum gas is not as stable as before and this is very difficult for ethereum users to make transactions from the swallow address to the exchange. We hope that ethereum gas costs can return to normal and be cheap so that it is not difficult for users because if the gas costs ethereum is still expensive so many users will switch to other platforms.


Title: Re: I'm scared of ethereum gas fee
Post by: Amitumi on October 20, 2020, 01:42:54 PM
I think.
After ETH 2.0 the gas fee will too less and speed grows up 100%.
So i think we don t be so upset about thinking the future.
New method or new blockchain will come quickly.


Title: Re: I'm scared of ethereum gas fee
Post by: mdzahed134 on October 20, 2020, 02:33:06 PM
ETH gas fee is too high from long time and i didn’t expect it will reduce to earlier at least before developed eth network 2.0 but it’s hard time for traders they have to spend large amount gas fee also many new projects are suffering because they wasting huge money to distribute tokens for investors and bounty hunters. There are no possibility to suddenly ETH will be hit 2k$.


Title: Re: I'm scared of ethereum gas fee
Post by: Fredomago on October 20, 2020, 02:41:10 PM
I don't think if some people willing to spend $2000 for just the gas fee and it's impossible to reach that high. Well don't be scared of the gas fee not all the time high, it will go lower anytime. Hopefully this gas problem will fix once eth 2.0 is release.

That's huge but that's not healthy for this project if fees will go over that amount, not unless traders are willing to continue using this chain even that huge fees comes along the way, looking forward that the update will take care of this high fees concern.

Quote
ETH gas fee is too high from long time and i didn’t expect it will reduce to earlier at least before developed eth network 2.0 but it’s hard time for traders they have to spend large amount gas fee also many new projects are suffering because they wasting huge money to distribute tokens for investors and bounty hunters. There are no possibility to suddenly ETH will be hit 2k$.

We don't see how future will proceed but for sure everyone are looking forward to see adjustments after this certain updates take place.


Title: Re: I'm scared of ethereum gas fee
Post by: Atang Sulaeman on October 20, 2020, 02:57:40 PM
The possibility is very far from reality if eth gas prices are very high. and if this happens, it will definitely stop using eth,
and will move to another altcoin. pray that the price of gas on eth does not reach the price of $ 2000


Title: Re: I'm scared of ethereum gas fee
Post by: Wingo on October 20, 2020, 08:22:31 PM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.

It's far from the horizon. And many projects and investor will find an alternative platform than staying with ethereum with high gas fees. There are a lot of blockchains out there better than ethereum and has a lot more features and scalability to offer.  And the migration to the new protocol won't solve much of this problem. This will impact the market greatly especially the projects that are primarily using the ethereum blockchain.


Title: Re: I'm scared of ethereum gas fee
Post by: emrecemsan on October 20, 2020, 08:59:46 PM
I don't think there is anything to scared. As the number of transactions on the chain increases, the gas fee raise up. In this way, the ethereum chain is also gradually improved so price growth.


Title: Re: I'm scared of ethereum gas fee
Post by: Zeehaxan on October 20, 2020, 09:02:07 PM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
So the time has proved that the surge was due to defi hype and now due the downtrend in defi sector and hype subsiding the eth gas fee is back to lows as i was reading that it is back to the level where it was 6 months ago.


Title: Re: I'm scared of ethereum gas fee
Post by: devil2man on October 21, 2020, 10:57:29 AM
in fact it is starting to be a problem the fees that are too high for transactions and their instability 2 or 4 $ may seem low as fees but if you use a defi site or an aggregator where multiple opperations are made, the fees can even reach 20 $ in this way it is difficult to organize an investment strategy i hope that the situation will improve soon and return to a fee of a few gwei otherwise i will look to other blockchains where to invest


Title: Re: I'm scared of ethereum gas fee
Post by: Spaffin on October 21, 2020, 12:17:24 PM
in fact it is starting to be a problem the fees that are too high for transactions and their instability 2 or 4 $ may seem low as fees but if you use a defi site or an aggregator where multiple opperations are made, the fees can even reach 20 $ in this way it is difficult to organize an investment strategy i hope that the situation will improve soon and return to a fee of a few gwei otherwise i will look to other blockchains where to invest
I believe that today there is nothing to worry about and the price for transactions in the Ethereum network has returned to the previous level, as it was at the beginning of the year. Today commissions are at the level of $ 0.5 - 0.4. The whole problem was network overload due to DeFi, but I believe that the developers will implement Buterin's plans and increase the cost of smart contracts to avoid similar situations in the future.


Title: Re: I'm scared of ethereum gas fee
Post by: TWW on October 21, 2020, 12:47:17 PM
in fact it is starting to be a problem the fees that are too high for transactions and their instability 2 or 4 $ may seem low as fees but if you use a defi site or an aggregator where multiple opperations are made, the fees can even reach 20 $ in this way it is difficult to organize an investment strategy i hope that the situation will improve soon and return to a fee of a few gwei otherwise i will look to other blockchains where to invest
I believe that today there is nothing to worry about and the price for transactions in the Ethereum network has returned to the previous level, as it was at the beginning of the year. Today commissions are at the level of $ 0.5 - 0.4. The whole problem was network overload due to DeFi, but I believe that the developers will implement Buterin's plans and increase the cost of smart contracts to avoid similar situations in the future.
I think the problem of transaction congestion will be difficult to handle. some blockchain like that. now everything is back to normal. but when the return transaction has a high increase, the transaction costs can increase again. There must be new handling of problems that have occurred.


Title: Re: I'm scared of ethereum gas fee
Post by: iTradeChips on October 21, 2020, 01:17:11 PM
As of late, the cost of this gas is not really that stable, if you are going to compare it with previous costs, making it very hard for users to make transactions to and from wallets to exchanges. This needs to be handled by the devs as soon as possible or they will lose interest with the coin in the long run. Many are not that patient enough to wait for developments and it may spell trouble for Ethereum.


Title: Re: I'm scared of ethereum gas fee
Post by: totoy4741 on October 21, 2020, 02:54:08 PM
I think it is because of the Defi Projects that came in great numbers, I mean they've come out from left and right that created congestions in ethereum network, or possibly because of incoming  Ethereum 2.0. But gas now have already been subsiding from time to time, unlike before that you can't actually buy/trade.


Title: Re: I'm scared of ethereum gas fee
Post by: Jeger.Kiting on October 21, 2020, 05:06:47 PM
Many are delaying transacting with Ethereum, because the gas is too high, making people lazy to transact with Ethereum, maybe for someone who has a lot of Ethereum it doesn't matter, but what about people who have little Ethereum, it must be very difficult to transact even tend to to stop selling it, who knows how long Ethereum will be as stable as before, so that everyone can make transactions as comfortable and easy as ever ...


Title: Re: I'm scared of ethereum gas fee
Post by: Baimovic on October 21, 2020, 05:30:39 PM
I don't think it's possible for Ethereum to reach a value of $ 2000, but if it were to me, it wouldn't be a problem if Ethereum's gas costs were high. The problem of high gas prices does not seem to be due to network congestion but this has happened since the UNI airdrop at that time, many users have made transactions on the DEX platform, and until now I am also still waiting for gas costs to down.


Title: Re: I'm scared of ethereum gas fee
Post by: Temido2222 on October 21, 2020, 05:46:20 PM
High gas fee worries me as well. I don't have much in ETH or ERC20 tokens and so following best practices by keeping coins off exchanges gets expensive


Title: Re: I'm scared of ethereum gas fee
Post by: flagpara on October 21, 2020, 07:36:19 PM
As of late, the cost of this gas is not really that stable, if you are going to compare it with previous costs, making it very hard for users to make transactions to and from wallets to exchanges. This needs to be handled by the devs as soon as possible or they will lose interest with the coin in the long run. Many are not that patient enough to wait for developments and it may spell trouble for Ethereum.
Maybe the last problem was for fork of Ethereum and now it is for Ethereum 2.0. During the development of anything, we have faced so many problems. You are right, in a few hours I saw a different transaction cost to send the same ERC-20 tokens. I think the Ethereum transaction cost will not be higher than now. I'm also scared to make transactions with a few valuable tokens.


Title: Re: I'm scared of ethereum gas fee
Post by: Valak on October 21, 2020, 09:19:43 PM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.

Gas fees are only normal for Ether transactions even though Ether's price is up to 2k. The problem with token transactions using Ethereum smart contracts. This has happened in the last month when DeFi tokens soared, the transaction fees were very high, while sending Ether remained normal.


Title: Re: I'm scared of ethereum gas fee
Post by: fadhilz123 on October 21, 2020, 09:50:35 PM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
To reach $2000 it's so hard for now, so don't worry to much about that, and i think developers also think about it, That's why they want to release ETH 2.0. And we all hope ETH 2.0 will provide a solution for the gas fee. For now, I think we're all waiting to reduce fee because ethereum fee is the most important thing should be fixed


Title: Re: I'm scared of ethereum gas fee
Post by: wheelz1200 on October 21, 2020, 09:55:37 PM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.

Natural selection, if gas price is super high people will stop using it, which will lower the price and ultimately the gas price.  Eth price and gas price can't simultaneously shoot straight up, since people will stop buying/using it.  Most of the tokens are garbage scams anyway.


Title: Re: I'm scared of ethereum gas fee
Post by: inoes on October 21, 2020, 10:50:54 PM
for now ETH transaction fees have been a major issue to resolve, so they have try a number of solutions, such as EIP 1559 (being approved on filecoin), upgrading of the old Ethereum Proposal, payment protocols and shared file sharing. This has successfully improved the platform's cost structure and it is our hope there


Title: Re: I'm scared of ethereum gas fee
Post by: CryptoTrip on October 22, 2020, 10:09:31 AM
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
Don't worry, Ether version 2.0 is just around the corner, and even now the commissions for transactions are not so expensive, when the commissions rise more than 100 gwi, I prefer to wait


Title: Re: I'm scared of ethereum gas fee
Post by: lebregone on October 22, 2020, 06:54:58 PM
Yeah this is what I am worried also as I am an ethereum user, I like using Ethereum in most of the transactions that I have as it has a lower fee compare to bitcoin but right now
it's fees is not that cheap already and it can easily increase base on what I have notice.

I hope the Ethereum team can do something about it because I am sure that it can surely affect the users of Ethereum if this will continue, the same with me I think I will be force to use other currency that has a lower transaction fee if the Ethereum gas fee will not be that stable.


Title: Re: I'm scared of ethereum gas fee
Post by: shawonngp on October 22, 2020, 09:49:41 PM
The same question crossed my mind because of this problem when I was doing some transactions several days ago. We were really worried about it and had to pay a higher gas fee for the transaction. Hopefully, this will be addressed soon with the release of Policy 2.0. Sooner or later the fees will be normal. If all goes well, gas prices will fall and output will increase through transactions. I pray and hope that the high fees will come to an end.


Title: Re: I'm scared of ethereum gas fee
Post by: inoes on October 22, 2020, 11:13:40 PM
because it still uses POW, it is only natural that gas costs can be very high. but take it easy because ETH has a plan that converts PoW into PoS, so the gas costs will be cheaper later because the block verification costs are more efficient and environmentally friendly.


Title: Re: I'm scared of ethereum gas fee
Post by: Zemomtum on October 22, 2020, 11:54:12 PM
Everybody is scare of ETH gas fee now, the purpose of blockchain is to be cheaper than that of traditional way of doing transactions. But ETH has been doing the opposite for almost two months now.