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Topic: Can you remember what $ETH caused from 2016 -2017? (Read 207 times)

member
Activity: 280
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Not many people realize this about $ETH , too many keep staring at the 'old school' projects they once bought in a hype moment and still hoping on a big return 2016 -2017.Because now day the ETH will be very incredible in the market price, But the ETH gaus fee very high,
So this is all about Ethereum gas fee, yes it's something to be worried about but not the top priority right now, the team are almost done with the next ETH upgrade which will relief the pain of too high transaction fee on Ethereum blockchain soon, wait for the ETH 2.0
hero member
Activity: 3024
Merit: 745
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It is high due to the high volume and demand for Ethereum. Remember the cryptokitties and icos before? they've made the fees of ethereum high.
Let those people that only look to the new projects, it's their type of investment and it's their money that flows in there.
Thats right if the demand of an altcoin is high for sure the price will go up thats what happen to eth on that year. But that pump only lasted for days then eth suddenly goes down.
It's most of the cryptocurrency during that time. Everything has to go down after bitcoin and other high ranking altcoins went to their all time high, they have started to drop.
If there will be another altcoin that says they have a small fee and soon there will be a bunch of network traffic to their chain, they'll also start to have high fees.
full member
Activity: 1162
Merit: 168
Why do you think that one has to be lower for others to be higher?

Ethereum can go above $1k and it will go above $1k eventually, this doesn't mean that there is no competition, there is no problems with ethereum going over $1k and competition going up as well.

You see over the course of these years we are talking about ethereum reaching towards a new high place, but also there is more money in the crypto and that means investors are here to increase both of them.

Back in the day there was less money than today and that meant that ethereum could go up but not many others because there was a limited amount of money, it will still be limited but more money and that is why ethereum could go over $1k and others could go up as well at the same time without causing each other to stay low.
sr. member
Activity: 868
Merit: 333
I think Ethereum will never hit 1k price mark again. there are lots of competitions. the new project are waxing strong Tron, solana, DOT, elrond and a host of others. i also think that the current price movement in ethereum  is because of the DEFI season we are in. the fall of defi will lead to the second demise of ethereum. it might crash more after.
Why can't it go up 1000 $? If Bitcoin can break its ATH then I believe ETH will go up to $ 1000 soon too. ETH is the top altcoin in this market, so it will always grow, the problem is how long we need to wait for it
How do you say so? Just because bitcoin can break its new ath doesn't mean that eth will also do the same thing. I can't find any reason how and why eth will increase just because bitcoin will also increase. Is it because you believe that eth is following the price of bitcoin? That whenever bitcoin rises, ethereum does too?
full member
Activity: 1750
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Yes, the ETH's gas fee remains very high especially when the price increasing but I don't think it was a big issue for ETH. Remember ETH still in development and have very strong community back up it, included a lot of developers. One way or another, there will have some implement to remove that problem.
fees are always a big issue to the person that is active on using that particular coin . they can get discourage with it if problem persist , i know there is a development called eth 2.0 but it was on delayed again  .  all we can ask is the patience of the eth user  . this problem on the fee may fixed soon  .

Not many people realize this about $ETH , too many keep staring at the 'old school' projects they once bought in a hype moment and still hoping on a big return 2016 -2017.Because now day the ETH will be very incredible in the market price, But the ETH gaus fee very high,
gas fee isnt a hindrance to continue what you started  . if they solve the same problem on btc , maybe they can do the same with eth ? who knows
sr. member
Activity: 1708
Merit: 295
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I think Ethereum will never hit 1k price mark again. there are lots of competitions. the new project are waxing strong Tron, solana, DOT, elrond and a host of others. i also think that the current price movement in ethereum  is because of the DEFI season we are in. the fall of defi will lead to the second demise of ethereum. it might crash more after.
Why can't it go up 1000 $? If Bitcoin can break its ATH then I believe ETH will go up to $ 1000 soon too. ETH is the top altcoin in this market, so it will always grow, the problem is how long we need to wait for it
member
Activity: 228
Merit: 10
For me, one of the altcoins that have the most potential is Ethereum. The development in its platform is much awaited by many of its supporters. If you look at most of the pumping altcoins right now, they are built on top of the ethereum platform. I am expecting that this year would be big for ethereum. Hopefully cause I have been holding it in my bag for quite some time.
hero member
Activity: 1876
Merit: 512
I think anyone hoping for the price of Ether to sky rocket need to thread careful until Eth 2.0 is released. I like the ecosystem on Ethereum but some projects with better scaling solution are out there now and are looking to make their chain to work to interoperable with Ethereum blockchain and if this is done right this could be the end of Ethereum  hype
sr. member
Activity: 1498
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Not many people realize this about $ETH , too many keep staring at the 'old school' projects they once bought in a hype moment and still hoping on a big return 2016 -2017.Because now day the ETH will be very incredible in the market price, But the ETH gaus fee very high,
Its not the problem with the eth. Today the network is highly been used due to uniswap and other dex type exchange. You can see it for yourself that network has been overused. I cant blame eth for that reason as the scalability is one of the growing problem in the blockchain.

Of course hype is always there for new projects and as long as defi hype continue this will never end. But for some a while I see a progress on the gas fee and got lowered a bit. Anyway a lot of people thinks that most defi are useful but to be honest only few are real defi and others are just simply created for hype.
member
Activity: 882
Merit: 17
I think Ethereum will never hit 1k price mark again. there are lots of competitions. the new project are waxing strong Tron, solana, DOT, elrond and a host of others. i also think that the current price movement in ethereum  is because of the DEFI season we are in. the fall of defi will lead to the second demise of ethereum. it might crash more after.
full member
Activity: 714
Merit: 104
This is caused by the high interest of investors, they want to accumulate as many ETHs as possible before staking happens. Staking will not be for everyone, only for those who have at least 32 ETHs, and that is not a small amount, currently around 12 000USD to qualify for passive income.
I, too, am of the opinion that the Ethereum 2.0 update will bring quite a lot of benefits for Ethereum owners. In addition, you need to take into account the fact that passive income from staking Ethereum will primarily depend on the value of the coin in the cryptocurrency market. But since a large volume of coins will be concentrated on the wallets of the owners, the shortage of ETH in the market will in any case provoke an increase in its value.
full member
Activity: 518
Merit: 100
It is high due to the high volume and demand for Ethereum. Remember the cryptokitties and icos before? they've made the fees of ethereum high.
Let those people that only look to the new projects, it's their type of investment and it's their money that flows in there.
Thats right if the demand of an altcoin is high for sure the price will go up thats what happen to eth on that year. But that pump only lasted for days then eth suddenly goes down.
hero member
Activity: 1344
Merit: 540
Not many people realize this about $ETH , too many keep staring at the 'old school' projects they once bought in a hype moment and still hoping on a big return 2016 -2017.Because now day the ETH will be very incredible in the market price, But the ETH gaus fee very high,
Yes, ETH is really good around the bull market in 2017, and who would forget about the so called Flippening? I think there's some correlation, when the price increase there are more traders doing transactions so the gas fees increases, just like in bitcoin. So you have to check the fees first before doing any transaction. As for the solution, I think it will be covered by Eth2.0's  EIP-1559.
sr. member
Activity: 952
Merit: 253
Not many people realize this about $ETH , too many keep staring at the 'old school' projects they once bought in a hype moment and still hoping on a big return 2016 -2017.Because now day the ETH will be very incredible in the market price, But the ETH gaus fee very high,
At that time people were buying based on the hype that has already gotten by ethereum and there was a lot of changes after 2019 when people started to realize if the product is everything and they were buying when ethereum has been releasing a very good update like the transition to the POS system.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
It is high due to the high volume and demand for Ethereum. Remember the cryptokitties and icos before? they've made the fees of ethereum high.
Let those people that only look to the new projects, it's their type of investment and it's their money that flows in there.
full member
Activity: 2086
Merit: 193
As I can see on history, the price of ETH pumped that high but the fees are also pumped that much considering that this is a cryptocurrency, and now we saw it from the previous pumped. Well, I came here on early 2018 with less experience that time so I think I just trade ETH that time without worrying about the fees or what because of my limited knowledge, but right now the fess is not a joke anymore. ETH should work on this, and the fees should not follow the price surge.
sr. member
Activity: 1176
Merit: 265
This is caused by the high interest of investors, they want to accumulate as many ETHs as possible before staking happens. Staking will not be for everyone, only for those who have at least 32 ETHs, and that is not a small amount, currently around 12 000USD to qualify for passive income.
full member
Activity: 1232
Merit: 186
I don't have any idea why the fees always increase every time when the price always goesup  same thing with bitcoin . But with bear market we can use small fees for every transaction ,is the miners controlled the price of fees/gas  or any other reasons why its always increase every time that its also increase its price.
That is it! Crypto's price is directly proportional on its transaction fee. When there is huge increase of transactions happening on the network, it gets busier. That's why you need to pay higher fees to ensure that your own transaction is prioritized (in other words, you will be able to finish it as soon as possible). I'm sure you don't want to spend the rest of your day waiting for your miney to come inside your wallet, right Wink? Because that feeling is so annoying to be honest, you might think that your money go somewhere already or there's an error or whatsoever hahaha.
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Activity: 579
Merit: 13
Are you kind to your neighbor? Think it through
Not many people realize this about $ETH , too many keep staring at the 'old school' projects they once bought in a hype moment and still hoping on a big return 2016 -2017.Because now day the ETH will be very incredible in the market price, But the ETH gaus fee very high,

Either expensive or cheap, either the gas fee was expensive or cheap as well, remembering the then price of etherum or etherum transactions fees should not be thr basis of an investor. Instead an investor is supposed to remember how much profits, losses, and improvements made from past market prices, not just remembering the prices
full member
Activity: 1498
Merit: 146
Not many people realize this about $ETH , too many keep staring at the 'old school' projects they once bought in a hype moment and still hoping on a big return 2016 -2017.Because now day the ETH will be very incredible in the market price, But the ETH gaus fee very high,
Price increase = number of transaction increase = increase in the gas fee

The price of ethereum won't be increased if more people are not buying it so its not really a big issue and the fee is never going to stay high forever, it will change.
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