ETH gas fees are low....A great time to get in? - page 2.

Xal0lex

staff

Activity: 2436

Merit: 2347

Quote from: Abiky on July 02, 2022, 07:57:04 PM

Decentralization must be prioritized for Ethereum to last for generations. As long as it stays that way, we should have nothing to worry about. Just my opinion

If decentralization is such a priority for Ethereum, why does the network strive for PoS, which implies centralization. After all, if you own tokens in the network, then you have voting rights, but since tokens are unevenly distributed and there are many whales with big wallets in the network, it turns out who has more tokens has more voting rights and thus influence over the network. In my opinion, if ETH ever launches PoS, the network will move far away from notions of decentralization.

|MINER|

sr. member

Activity: 1274

Merit: 457

Vave.com - Crypto Casino

Quote from: asyakashi on July 03, 2022, 12:34:17 PM

This is a bear market, ethereum really deserves the gas fees to decrease because most investors take profits and then leave ethereum leaving small investors who trade. As long as gas fees are cheap, it is very suitable if you want to trade on ethereum because I believe gas will be expensive again if the bear market is over.

I also think that gas fee will be expensive when the market will return back to bull-run. On the one hand, this is a problem, but on the other hand, for those who are long term traders, I do not think it can be problem problem for them. Because if they invested now they can be take a good profit from this and that will easily cover the gass fee. Yes gas fee is a problem for small traders . But if you are looking to invest in alt-coin then Etherium is the best and secure option for you . Now this is the perfect time to invest in it

asyakashi

sr. member

Activity: 1918

Merit: 256

Just.bet - Decentralized On-chain Casino

This is a bear market, ethereum really deserves the gas fees to decrease because most investors take profits and then leave ethereum leaving small investors who trade. As long as gas fees are cheap, it is very suitable if you want to trade on ethereum because I believe gas will be expensive again if the bear market is over.

WeedGoW

full member

Activity: 274

Merit: 101

Quote from: posi on July 03, 2022, 10:05:55 AM

Quote from: TopT3ns on July 02, 2022, 09:09:28 AM

Quote from: posi on July 02, 2022, 08:14:34 AM

Quote from: bitcrystal on July 02, 2022, 12:41:27 AM

Like you said that if it won't go down more then buying now is a good idea. But also for anyone looking to hold for long can buy little now and then DCA if it goes more but it has to be strategic and buy at different levels. I hope the low gas fee will remain like this when bull market resumes. That will be a good relief.

The reduction of gas fees is not solely related to the ETH price, if you want to keep ETH you can buy it anytime as long as its price is low.

The bears have made the whole market gloomier and trading has dropped significantly so the drop in gas fees is understandable, but it won't last until the bull season. When it's the rising season, transactions will become crowded and network congestion will occur again. Gas fees can only be fixed unless ETH completes the upgrade to POS.

I think you mentioned that prices are currently falling, so this should be a good time to buy ethereum in large quantities because when the price goes up it will be too late to buy and of course the transaction costs for sending between exchanges will increase , for those who are experienced in cryptocurrency trading I'm sure they take advantage of situations like this to buy as much as possible.

Of course, there is no better time than now, I still believe that the market will continue to fall and the bear season will not be over. It's all just a matter of personal guesswork, so if you want to make a profit later on, then when the market drops sharply, then you should buy. The decrease in the price of ETH and the decrease in gas fees is also a good time to transact on the ETH network like NFT, tokens ... you should take advantage of them or it will go high again soon.

Unless you are in tokens that require a daily amount of transaction hence fees for usage, the price drop on the fees doesn't do much. Most tokens and ETH can be bought and invested at the exchange so I see no reason why this is a big thing.

posi

hero member

Activity: 2268

Merit: 579

Vave.com - Crypto Casino

Quote from: TopT3ns on July 02, 2022, 09:09:28 AM

Quote from: posi on July 02, 2022, 08:14:34 AM

Quote from: bitcrystal on July 02, 2022, 12:41:27 AM

Like you said that if it won't go down more then buying now is a good idea. But also for anyone looking to hold for long can buy little now and then DCA if it goes more but it has to be strategic and buy at different levels. I hope the low gas fee will remain like this when bull market resumes. That will be a good relief.

The reduction of gas fees is not solely related to the ETH price, if you want to keep ETH you can buy it anytime as long as its price is low.

The bears have made the whole market gloomier and trading has dropped significantly so the drop in gas fees is understandable, but it won't last until the bull season. When it's the rising season, transactions will become crowded and network congestion will occur again. Gas fees can only be fixed unless ETH completes the upgrade to POS.

I think you mentioned that prices are currently falling, so this should be a good time to buy ethereum in large quantities because when the price goes up it will be too late to buy and of course the transaction costs for sending between exchanges will increase , for those who are experienced in cryptocurrency trading I'm sure they take advantage of situations like this to buy as much as possible.

Of course, there is no better time than now, I still believe that the market will continue to fall and the bear season will not be over. It's all just a matter of personal guesswork, so if you want to make a profit later on, then when the market drops sharply, then you should buy. The decrease in the price of ETH and the decrease in gas fees is also a good time to transact on the ETH network like NFT, tokens ... you should take advantage of them or it will go high again soon.

Pelana vreo

member

Activity: 744

Merit: 10

Syntrum.com

The reduced Hype NFT and DeFi make gas prices go down, as we know, uniswap and Opensea contribute a lot of ethereum to burn when Eip-1559 is activated. currently transactions on Dex and opensea seem to be on the decline, therefore gas costs are also going down, but I still see gas prices for swaps over $5 usd and I think it's still high.

Juwel580

jr. member

Activity: 224

Merit: 2

Many people do not want to buy tokens and do not want to tet due to the high ether gas fees nowadays but ether countries have decreased a lot nowadays. If you pay Sell 15, you will have to pay 10 for this 15, so I can say that you have to go a lot earlier. Thank you. Thank you.

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Quote from: Xal0lex on June 28, 2022, 03:26:24 PM

Gas prices will go up as soon as the ETH network has a reason to spam transactions, as was the case in DeFi summer 2020 and the NFT hype of 2021, but for now the demand for blockchain space will remain extremely low, then the fees will also go down to low values accordingly. It would be utopian if the gas fees were always like that regardless of the market trend, but this problem is unlikely to disappear in the current form of the ETH network and as soon as the altcoin spring or a new hype starts, the commissions will skyrocket again.

I'm afraid gas fees won't stay low forever, due to the network's limited scaling problems. Once the bull market returns, people will be using ETH like crazy resulting in higher gas fees per transaction. We only have two options: either we wait until gas fees decline, or simply use a Layer-Two scaling solution like Arbitrum or Optimism. ETH 2.0 will improve things, but only for a short amount of time.

What matters is not the gas fees, but rather the network's security and reliability. Decentralization must be prioritized for Ethereum to last for generations. As long as it stays that way, we should have nothing to worry about. Just my opinion

Faisal2202

hero member

Activity: 1386

Merit: 513

Payment Gateway Allows Recurring Payments

It's because, eth is around 1000$ and breaks all of its support lines set when it was at 3000$, and yeah it's a good time to buy some alts, or do some shopping, buy we should buy from dip to dip, we should not put all of our money at once, maybe merge will reduce the price of eth fee more in near future but fo now it's due to dip

Master of Shitcoins

member

Activity: 217

Merit: 10

Low ETH gas fees are also a very good argument to invest in Ethereum right now because Ethereum is getting more improved every day.

Like BTC was suffering from huge transaction problems few years ago, it got solved for Bitcoin now, Ethereum still needs some time to finish sharding but it might improve Ethereum massively.
A new bull market for Ethereum is imminent.

TopT3ns

hero member

Activity: 2548

Merit: 572

#SWGT CERTIK Audited

Quote from: posi on July 02, 2022, 08:14:34 AM

Quote from: bitcrystal on July 02, 2022, 12:41:27 AM

Like you said that if it won't go down more then buying now is a good idea. But also for anyone looking to hold for long can buy little now and then DCA if it goes more but it has to be strategic and buy at different levels. I hope the low gas fee will remain like this when bull market resumes. That will be a good relief.

The reduction of gas fees is not solely related to the ETH price, if you want to keep ETH you can buy it anytime as long as its price is low.

The bears have made the whole market gloomier and trading has dropped significantly so the drop in gas fees is understandable, but it won't last until the bull season. When it's the rising season, transactions will become crowded and network congestion will occur again. Gas fees can only be fixed unless ETH completes the upgrade to POS.

I think you mentioned that prices are currently falling, so this should be a good time to buy ethereum in large quantities because when the price goes up it will be too late to buy and of course the transaction costs for sending between exchanges will increase , for those who are experienced in cryptocurrency trading I'm sure they take advantage of situations like this to buy as much as possible.

Subbir

full member

Activity: 798

Merit: 104

🎄 Allah is The Best Planner 🥀

If ETH gas fees are low it is really great for investors eth is very reliable and trustworthy investors can invest very easily. But many times after the frustration of many investors can not transact due to high fees if eth gas fees are lower, eth will improve further in the future.

posi

hero member

Activity: 2268

Merit: 579

Vave.com - Crypto Casino

Quote from: bitcrystal on July 02, 2022, 12:41:27 AM

Like you said that if it won't go down more then buying now is a good idea. But also for anyone looking to hold for long can buy little now and then DCA if it goes more but it has to be strategic and buy at different levels. I hope the low gas fee will remain like this when bull market resumes. That will be a good relief.

The reduction of gas fees is not solely related to the ETH price, if you want to keep ETH you can buy it anytime as long as its price is low.

The bears have made the whole market gloomier and trading has dropped significantly so the drop in gas fees is understandable, but it won't last until the bull season. When it's the rising season, transactions will become crowded and network congestion will occur again. Gas fees can only be fixed unless ETH completes the upgrade to POS.

super bako

member

Activity: 1316

Merit: 10

at least for example the lowest price of 5$ is good, it doesn't disappoint investors who want to switch to the erc20 network. many tokens are born good on the erc20 network why many investors flock to buy them. then on the other hand i like we can get airdrop on ethereum network if we get it. now busy with frequent transactions on the ethereum net will be good in the future

mRTHroo

member

Activity: 67

Merit: 61

Truth be told, Ethereum's network fee will never be lower, because I always see that 10$ Ethereum requires 5$ to send. So many people say that the network fee is less if the meta mask is sent from the wallet. Yes, they want less but this coin is for big people so so much network fee is demanded.

monineklutak

sr. member

Activity: 1890

Merit: 252

The OGz Club

Ethereum Gas Fees are currently cheap, but Ethereum Gas Fees are indeed changing,
it could be in the next few hours the Ethereum Gas Fees will rise again, now at 16 Gwei,
so my advice if you want to trade on Uniswap then now is the time

Bitcoin2009

member

Activity: 1050

Merit: 10

Early 2022 I sent tokens from ERC-20 worth $85 but the transaction fee is around $42, and about 2 hours ago I sent tokens worth $24 and gas fee is around $3.8, I think this is still a problem from the network getting slower, it takes more than 4 minutes to reach 2 confirmations, this is certainly better than a few months ago which I think gas costs are already unreasonable.

MadeMen

copper member

Activity: 389

Merit: 1

No doubt the eth gas fee has reduced as compared to the value we had few months back. I want to believe that this issue of scalability is getting more attention and the developers are working on ensuring that we have lesser cost of transactions. I only hope that the low transaction fee is sustainable for a long duration.

crwth

copper member

Activity: 2940

Merit: 1280

https://linktr.ee/crwthopia

Quote from: Abiky on June 26, 2022, 07:51:41 PM

It seems that the persistent bear market drastically reduced ETH's network congestion. Gas fees have been ranging as low as 17 Gwei to 30 Gwei on average. The native cryptocurrency Ether (ETH) has been declining like crazy in Fiat terms, so it would be a lot cheaper to buy NFTs or do other network operations than before.

It is definitely the time to mint your NFTs if you have one because I remember that it took me at least $30 just to mint an NFT that I created and it's just the start of the NFT era at that time and the fees are definitely high. If you have to have to enter the ETH network, then this is it.

Quote from: Abiky on June 26, 2022, 07:51:41 PM

Assuming ETH doesn't go any lower in price, would now be a great time to get in? Or should I wait a little longer? Do you think gas fees will soar back up again after the crypto winter settles? Your input will be greatly appreciated. Thanks.

I think if you have spare money to buy more ETH and then have the space amount of risk that you are going to deal with, it can be a great risk. Just remember that it can go in the opposite direction that you have in mind knowing that it can go either direction. Just make sure to manage your risks.

2tang

sr. member

Activity: 1414

Merit: 259

Undeads.com - P2E Runner Game

Quote from: Pujangga on July 01, 2022, 11:59:48 PM

This is a good thing to keep developers from leaving ETH, swap fees that can go up to $50 is crazy, but now swap costs are around $8, although still expensive but this is more reasonable so we can trade on ETH again, and I hope gas costs may keep going down because a few days ago I sent tokens which cost around $4.

The factor of decreasing transaction fees on the current Ethereum network is also related to the decline in the price of Ethereum in the market so that the costs on Gas transactions are also adjusted to the current Ethereum price. Because when the price of Ethereum starts to rise again, then I believe the transaction gas fees on the Ethereum network will also increase again.

Topic: ETH gas fees are low....A great time to get in? - page 2. (Read 702 times)