pilosopotasyo
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Activity: 952
Merit: 27
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June 04, 2021, 10:54:58 AM |
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After a month I test sending my Eth and my altcoins on the Ethereum chain and it's cheaper now compared to a month ago, you just find the right time to send, there's a time that the fee is quite high and there's a time it's lower I sent mine at $1.50, there was a time the transaction go as high as $20. I missed the time where I can send for only a few cents, I guess it will take some time before we can go back to a few cents of transactions.
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BACK FROM A LONG VACATION
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jajorforce
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June 04, 2021, 01:44:31 PM |
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I am a long term supporter of Ethereum and know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.
Everyone wants the best. Likewise with the Ethereum blockchain. I think the transaction fees were high at the time due to the large number of swap platforms draining the Ethereum network. We can see that the cost of transferring to the swap platform is very high. But now it's back to normal. Ethereum is the most popular blockchain even this time. But Ethereum TPS is very low compared to other blockchains. Today I can make a transaction below 1 USD but the exchange withdraw fee is high. Still, the exchange doesn't believe ETH transaction cost is stable. Without a stable gas price, ETH blockchain won't support new promising projects.
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ChaoChibai
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Activity: 588
Merit: 10
-ethernity cloud-
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June 04, 2021, 02:24:13 PM |
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I am a long term supporter of Ethereum and know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.
For sure ethereum is not going to die, although the price is decreasing right now. But i think ethereum will be able to recover and start to keep its position as a second rank in crypto.
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brooksby
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June 04, 2021, 03:13:48 PM |
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I am a long term supporter of Ethereum and know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.
I see that in recent days, the transaction fees on the ethereum network are quite low, in the range of 20 Gwei. For example, now the CoinMarketCap table shows that it is 18 Gwei. This is also noted by many users of this network. However, this seems to have more to do with the general fall in prices in the market. To make things clearer, we'd better wait for the London hard fork in July. After that, transaction fees are expected to return to normal for a long time. There is not much time left. Nono let's not wait for the fork. Ethereum is going to die and OP is well advised to sell everything he has right now. Don't lose any more time from here, get out and that's it. It is like asking is the wheel going to die? No, but the wheel also needed time to change. It was such a vital and established tool that it had all chances in the world to survive, and it did. It just improved over time and nobody threw the wheel out of the toolbox even if they were of bad quality in the old days. Wait for technological advancement and I think we will be fine.
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iTradeChips
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June 04, 2021, 03:23:14 PM |
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Here is the thing, maybe I am wrong but I have checked and checked and maybe I might be right this time. I mean in my opinion, Ethereum might now be showing some of its potential, revealing something that might help propel the coin to greater heights. I can definitely say with confidence that this coin, our Ethereum has maintained its popularity despite the showing up of would be competitors and also survived bad mouthing from many other developers and supporters of other coins.
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feelideb
Full Member
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Activity: 770
Merit: 101
fLibero.financial
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June 04, 2021, 03:29:30 PM |
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The issue of outrageous fee experienced few months ago on ethereum network was a temporary thing. As I type the fee on ethereum network have dropped dramatically. The uniswap fee that was like $400 at the peak of ethereum ATH is now $15 and I believe it will stiil fall even more! As for the future of ethereum, nobody knows what is going to happen say 10 years time!
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iTradeChips
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June 04, 2021, 03:53:01 PM |
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The issue of outrageous fee experienced few months ago on ethereum network was a temporary thing. As I type the fee on ethereum network have dropped dramatically. The uniswap fee that was like $400 at the peak of ethereum ATH is now $15 and I believe it will stiil fall even more! As for the future of ethereum, nobody knows what is going to happen say 10 years time!
Yes, it's obviously only temporary, but some people don't realize that it's only for a while, some even think it's forever, so what appears on Ethereum at this time is the answer that Ethereum is serious to fix himself from the problem. Well if you are going to ask me $15 is still not a good fee for me. $15 is like rich kids transaction and if I only have $50 worth of ETH and I will have to pay $15 worth of fees to put money from one wallet to another wallet where I will buy the desired token of my choice and now I am unable to do that because I have very little. Many of my colleagues who like to invest on start up coins cannot do investing on Ethereum because they only invest low and the fees prevent them from doing it.
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meves99
Jr. Member
Offline
Activity: 62
Merit: 4
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June 04, 2021, 04:58:36 PM |
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I am a long term supporter of Ethereum and know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.
I think so too, support Ethereum long term, but the slow bottleneck value is a risk, no problem for me
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carlisle1
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June 04, 2021, 05:15:28 PM |
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The issue of outrageous fee experienced few months ago on ethereum network was a temporary thing. As I type the fee on ethereum network have dropped dramatically. The uniswap fee that was like $400 at the peak of ethereum ATH is now $15 and I believe it will stiil fall even more! As for the future of ethereum, nobody knows what is going to happen say 10 years time!
Good enough for more investors and developers to continue using this chain, the transaction is now fair and for those who got stuck they can now start moving their assets again and enjoy ETH system. There are still lots of people who believe that this chain will continue to develop and they'll see the adjustments that they've needed and now it's doing it and for sure we will see more transactions to be process using ETH chain.
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CapGelatik
Full Member
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Activity: 1064
Merit: 100
Combo Network
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June 04, 2021, 06:40:15 PM |
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Nono let's not wait for the fork. Ethereum is going to die and OP is well advised to sell everything he has right now. Don't lose any more time from here, get out and that's it.
It is like asking is the wheel going to die? No, but the wheel also needed time to change. It was such a vital and established tool that it had all chances in the world to survive, and it did. It just improved over time and nobody threw the wheel out of the toolbox even if they were of bad quality in the old days. Wait for technological advancement and I think we will be fine.
The parable is extraordinary, because logically if Ethereum can really die, then there will be some chaos that will arise in the crypto space, and among some of that chaos is a project that always uses the Ethereum platform alone without using another platform, this will be very It's a mess in my opinion and the Altcoin assets that are in the Ethereum wallet will also be useless. only fools believe that Ethereum will die! Ethereum will not die if cryptocurrencies and internet not die, Ethereum will always exist, there have been many ecosystems born from this platform, and of course Ethereum has become the best public blockchain out of all, death is not for Ethereum but projects that don't exist development
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viananda2525
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June 04, 2021, 11:04:46 PM |
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if ethereum die, i could not imagine what will happen to altcoin now. as main platform that used by most of project , ethereum be leader in altcoin market. so this is the leading indicator for us. if eth price drop sharply , altcoin under erc 20 will die immediately. this is hard to happen, ethereum talk by many institution to set as their platform for digital currency.
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bison
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Activity: 778
Merit: 100
SmartFi - EARN, LEND & TRADE
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June 06, 2021, 03:11:05 PM |
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if ethereum die, i could not imagine what will happen to altcoin now. as main platform that used by most of project , ethereum be leader in altcoin market. so this is the leading indicator for us. if eth price drop sharply , altcoin under erc 20 will die immediately. this is hard to happen, ethereum talk by many institution to set as their platform for digital currency.
Yes, it is inevitable that if Ethereum dies it will greatly affect other Altcoins, the number of Altcoins under ETH will now disappear if the value of Ethereum drops drastically. Not to mention the people who risked their lives waiting for Ethereum to suffer heavy losses, they definitely wouldn't let Ethereum die.
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Desscount
Full Member
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Activity: 1386
Merit: 101
ComboLabs
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June 06, 2021, 03:25:24 PM |
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Impossible, Nothing can overtake Ethereum and Ethereum can't be die. Now low is also very low from months ago and soon in eth 2.0 update these issue will be soon permanently resolved.
It seems so nearly impossible to shift ethereum and I don't think ethereum will die, maybe after ethereum 2.0 is released the price will go up, so stay patient and wait for it sooner or later ethereum will go up
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clarkt
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June 06, 2021, 03:50:24 PM |
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Many people thought other altcoin like polkadot, bsc etc will replace ethereum when the fee on ethereum was really expensive. Interestingly people were still deploying smart contract, trading and staking during this time. I think lots of people value and prefer decentralised network to centralised network!
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Kehindem
Jr. Member
Offline
Activity: 199
Merit: 1
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June 06, 2021, 08:32:55 PM |
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Ethereum network, is one the best network in crypto and it got all the basis to thrive, so I don't see any reason for it death, even though in coming years.
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vabchgent
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June 06, 2021, 08:56:50 PM |
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I am a long term supporter of Ethereum and know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.
Or fueling a plane while flying? I heard it is possible, isn't it? Seriously, this whole debate around Ethereum and whether it will die, things need time and as you can see the market still believes that Ethereum is the safest bet when it comes to far reaching innovation. There are outstanding minds involved in the process. What does "die" even mean? That Ethereum disappears? That another network has more value than Ethereum?
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terrific
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June 07, 2021, 11:05:48 AM |
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Ethereum network, is one the best network in crypto and it got all the basis to thrive, so I don't see any reason for it death, even though in coming years.
Its death can't be seen as of its state. People shouldn't look for its death and instead look for the potential that it can bring to anyone who's going to invest on it.
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raidarksword
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June 07, 2021, 11:28:03 AM |
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Ethereum proved everyone else it can compete and surpass new all time highs and it did not disappoint everyone in this year as it surpassed many all time high this year. We are in the middle of the year and it's still promising that it will go higher before end of the year.
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meves99
Jr. Member
Offline
Activity: 62
Merit: 4
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June 07, 2021, 06:15:35 PM |
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I am a long term supporter of Ethereum and know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.
Problems with Ethereum developers can't be a big risk, maybe soon it will be good, because the market value of ethereum is soaring.
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meves99
Jr. Member
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Activity: 62
Merit: 4
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June 07, 2021, 06:17:18 PM |
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Ethereum network, is one the best network in crypto and it got all the basis to thrive, so I don't see any reason for it death, even though in coming years.
Yes that's true, but we can also see if it will develop again in the future.
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