I'm scared of ethereum gas fee

[kenelmark]

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.

[Nellayar]

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.

[Silberman]

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.

[UniversityCoin]

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.

[Shasha80]

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.

[Viscore]

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.

[proTECH77]

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.

[poodle63]

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.

[UniversityCoin]

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.

[Zemomtum]

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.

[fammy]

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

[Kong Hey Pakboy]

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.

[rahmathidayat93]

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.

[PhilEilhart]

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

[Plinteng]

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.

[LimLims]

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.

[Cekerula]

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.

[Radio-Active]

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.

[Princejebs]

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.

[kayvie]

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.