ETH gas fees are low....A great time to get in? - page 6.

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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 see Ethereum as the 2nd best long term coin to hold aside from Bitcoin so I think anytime would be a good time to buy Ethereum. Well, it's better if investors will buy now that we are in a crypto winter or bear market or whatever people may call to it.

There are no changes or updates in Ethereum for a long time that affects it's gas fee aside from the EIP1559. Ethereum 2.0 might reduce it's gas fees by a little but we might still experience some high gas fees overtime in the future. Gas fees will soar up again for sure as many investors will come back again and invest. Many new projects will come again and develop under different smart contract platforms and that includes Ethereum.

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

Do you think gas fees will soar back up again after the crypto winter settles? Your input will be greatly appreciated. Thanks.

Yes definitely. Crypto winters let these gas gee back down a little but thats because many havent using the network unlike the bear market. But surely it will go up once this bear situation gone. Every other L1 also got lowered transaction fees and thats mean a decrease in usage or users. Bull market will take time but as it recovered slowly the fee will increase likely directly proportional to the market movement.

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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.

Ethereum maybe have reached the bottom when it was being traded below 1k but yeah this time ethereum is still undervalued and oversold. You shall try to spread your order and waiting for the bottom is not the best way as sometimes you can miss the best rate to buy ethereum. I have bought ethereum when the price already down even lower than 1k and i got decent return in a week. Im sure that recovery can happen anytime. Buying at the bottom has become the best opportunity for anytone. WIll you try to miss this golden chance to get cheap ethereum from the market?

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I myself am still waiting and watching. But so as not to be left behind. I keep buying gradually. and also be prepared if the decline continues by installing a buying net at several spot or support points. continuing to collect makes me calmer. although panic sometimes always comes when there is a long decline and even I panic when there is a rapid increase. because I'm not used to it. So to anticipate panic I prefer to enter little by little in this ETH coin.

Ararbermas

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It would be a great idea to keep monitoring the growth rate of eth because surely the gas fees will be affected as well and you can get more cheaper fees when buying erc20 token. Infact the market still not fine so probably there will be more changes soon.

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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.

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.

Topic: ETH gas fees are low....A great time to get in? - page 6. (Read 702 times)