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Author Topic: MAKE A WISH  (Read 159 times)
bttmember
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December 20, 2020, 06:41:28 PM
 #21

My wish might not be acceptable but i hope some people will understand that Ethereum is getting frustrating on a daily. i have lost over 200usd on fees within this month. yes the bull market is here but people are not aware of the huge amount of money been lost while trading on Uniswap and other dex platform. honestly, it hurts daily. i have decided to move 80% of my investment to other blockchain platform like BSC, tron and Terra. thiis might be helpful.
The eth transaction fee is not that high anymore especially for open transactions but yes for trading on uniswap it becomes expensive because of multiple internal transactions that include platform fee, comission and also liquidity mining charges plus eth transaction charges so if you are still concerned about high fee it is better to trade at centralized exchanges.

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December 20, 2020, 06:48:13 PM
 #22

My wish might not be acceptable but i hope some people will understand that Ethereum is getting frustrating on a daily. i have lost over 200usd on fees within this month. yes the bull market is here but people are not aware of the huge amount of money been lost while trading on Uniswap and other dex platform. honestly, it hurts daily. i have decided to move 80% of my investment to other blockchain platform like BSC, tron and Terra. thiis might be helpful.

It doesn't matter how much you pay for transaction fee and trading fees as long as you are making money, in a bull market people make money and I don't think anyone is ever tired of making money, ever. Just play along and you will be fine.

.SUGAR.
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Ryushin
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December 20, 2020, 07:14:35 PM
 #23

My wish might not be acceptable but i hope some people will understand that Ethereum is getting frustrating on a daily. i have lost over 200usd on fees within this month. yes the bull market is here but people are not aware of the huge amount of money been lost while trading on Uniswap and other dex platform. honestly, it hurts daily. i have decided to move 80% of my investment to other blockchain platform like BSC, tron and Terra. thiis might be helpful.
How are you trading on uniswap? That's not trading it's swapping, what's wrong with binance exchange or other top exchanges? They have the cheapest trading fee, why aren't you using such exchanges instead?

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December 20, 2020, 07:14:49 PM
 #24

My wish might not be acceptable but i hope some people will understand that Ethereum is getting frustrating on a daily. i have lost over 200usd on fees within this month. yes the bull market is here but people are not aware of the huge amount of money been lost while trading on Uniswap and other dex platform. honestly, it hurts daily. i have decided to move 80% of my investment to other blockchain platform like BSC, tron and Terra. thiis might be helpful.

Ether gas is enormous mostly because of DeFi staking. Currently trading on DEXs in unprofitable.

But I want other stuff, my wish is unrealistic, still:

I wish governments to leave us alone, without chasing us for taxation nor regulations. They to watch and print fiat, us to watch and mine crypto. That simple.

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December 20, 2020, 08:39:41 PM
 #25

My wish might not be acceptable but i hope some people will understand that Ethereum is getting frustrating on a daily. i have lost over 200usd on fees within this month. yes the bull market is here but people are not aware of the huge amount of money been lost while trading on Uniswap and other dex platform. honestly, it hurts daily. i have decided to move 80% of my investment to other blockchain platform like BSC, tron and Terra. thiis might be helpful.
If your trading capital is 100-1000 dollars, then projects like uniswap are not for you.
For example, I trade through uniswap at 5-10 ETHs at a time, and with a trade amount of $ 3000-6000, the commission of $ 10-15 does not seem large, because the minimum profit from the transaction is much higher.
I sometimes pay large commissions, but I understand that I pay them for my peace of mind, because no one can block my transaction or demand explanations from me.
I mainly trade in a pair of ETH-DAI

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December 20, 2020, 09:39:13 PM
 #26

The year is already coming to an end, my plans were all fulfilled and I'm greatful for all, it wasn't easy since the spread of covid-19. The lost jobs the economical downturn and brouhaha, human losses and trauma. The challenges were endless but we survived.
As the year comes to an an end with just 10 days to go, I hope bitcoin don't make crash like that of 2017,it will be a joke on entire cryptocurrency if such collapse should repeat it self. As OP already stated, I wish we find an everlasting solution to Ethereum network, enough of all the huge fee on a small transaction.
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December 20, 2020, 10:11:59 PM
 #27

There are really frustrating events to be encountered while dealing with the crypto market and that is normal just like experiencing high transaction fees which can still be manageable on choosing the right exchange which suits for your preference. If it doesn't work out dealing or working with an exchange you are currently with, better seek another one instead of keeping yourself into the same platform knowing that you are more on expending rather than earning. It will be fatal for you to be on that situation so you must make a brief observation and urgently make a move to resolve the problem instead of just watching your funds run out.

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December 20, 2020, 10:34:26 PM
 #28

Transaction costs are quite high on Dex. When making a transaction, you should take into account both your profit rate and the amount of your fee. Otherwise, you may lose money with the fee you will give. But you don't necessarily have to use dex exchanges. You can get profit by trading on other exchanges.
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December 21, 2020, 07:38:32 AM
 #29

My wish might not be acceptable but i hope some people will understand that Ethereum is getting frustrating on a daily. i have lost over 200usd on fees within this month. yes the bull market is here but people are not aware of the huge amount of money been lost while trading on Uniswap and other dex platform. honestly, it hurts daily. i have decided to move 80% of my investment to other blockchain platform like BSC, tron and Terra. thiis might be helpful.

Ethereum fees are high but the best coins to trade are mostly on Ethereum Blockchain. Moving 80% of your coin to other Blockchain will probably make. You not to be able to trade as much as you wish.
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December 21, 2020, 05:13:52 PM
 #30


Here's everything you need to know about centralized exchanges. The exchange is under maintenance and deposit, withdrawal and trading are disabled.
I wanted to withdraw the balances from binance, but I can't do it yet.
Russians have a saying: "Everything is expensive until you understand what you are paying for."
Think about it, blockchain has no maintenance and no withdrawal locks.

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December 22, 2020, 09:34:47 AM
 #31

So you’re making use of Uniswap? I don’t make use of the Uniswap but from what I know the fees for trading on Uniswap is 0.3%. if you’re not okay with the fees they are charging then you should look out for other exchanges, you can even go for centralized exchanges if you can find any one that charges lessers.

I have even seen DEX’s that are charging 0.00% fees but I don’t know how good these exchanges are because I have not used them before. But as for centralized exchanges, you can check out Binancethey are charging 0.1% for both taker and maker, and then Coinbase Pro is different, it’s 0% for the maker and 0.3% for the taker.
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