Ethereum now looks like a complete joke - page 4.

Twinkledoe

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Quote from: saffira on January 12, 2021, 11:03:58 PM

I believe you misunderstand the flow. The price of eth ethereum has nothing to do with your erc tokens price. Its a different rate. Why not try selling your tokens, hold the ethereum and when the price gets higher, definitely you will gain.

Yes, obviously this is a misunderstanding, because he was expecting shitcoin using the ethereum platform to increase in price when ethereum experienced a good price increase from last year to the present, even though it is clear that such a thing has nothing to do with it.

Maybe he is still new when it comes to erc 20 tokens. But definitely, the price of erc 20 tokens doesn't follow the performance of ETH in the market. As their development is independent with eth, their respective team has the responsibility how to develop their own platform. They are just built under eth network but the actual progress on their roadmap or list of objectives depend solely on the team running it.

saffira

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Quote from: Mighty_crypt on January 11, 2021, 10:03:34 AM

It doesn't look like altcoins will pump hard this time around, it's still shocking that many ERC20 tokens under Ethereum are not really appreciating in value even when Ethereum reached 1200$, I have nothing to say than to ask what the heck is going on.

Another issue is the insane gas fee of ethereum, I have been holding ERC20 tokens the most and to even sell right now is killing me inside because it costs over 10$ to move my ERC20 tokens to exchange, I might just have to give up on this heartbreaking Ethereum blockchain

I believe you misunderstand the flow. The price of eth ethereum has nothing to do with your erc tokens price. Its a different rate. Why not try selling your tokens, hold the ethereum and when the price gets higher, definitely you will gain.

bittick

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Ether is the best altcoin, why you think it's a joke? it had a good run just like bitcoin, but yes It should have crossed $2k this time but I still believe a long time left for another rally to go over $2k+ and it will happen within the next few weeks. We all gotta do is patient and let do the ether 2.0 come it will be crazy.

he was saying like that due to the non sense transaction fees that happened in ethereu, when you are trading on uniswap right now and it costs around $20 for each transaction.
That's why some poeple have been calling it as outdated chain.
You can now see that on ethgasstation about how crazy the ethereum fee is.
That's why the only whales that can afford the transaction in ethereum network.

wxa7115

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Quote from: Reid on January 11, 2021, 10:27:28 AM

Is it really like that?
Should every ERC20 token rise in value whenever Ethereum does?
Why should it lean over Ethereum price when they have their own market?
Isn't it enough that they used Ethereum to create their contract for their dusty projects?

Perhaps, you should ask the devs of your supported project why their tokens are not appreciating in value.
Gas fees depend on traffic.

Perfect answer, ethereum is just the platform in which those coins were created and nothing more, just because ethereum is going up in value does not mean that every single coin created using their platform is going to go up in value as well, the only way for most altcoins to go up in value is an altcoin season and right now that does not seem possible as all the interest is in bitcoin alone, so the only way for a coin under these circumstances to go up in value is to be a good coin and have something more than hype behind it.

And unfortunately for most coins out of the top 50 that is the only thing they had, otherwise they would be on the top 50 already or at least they will be close to achieve that goal.

Indymoney

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Quote from: yazher on January 12, 2021, 03:20:59 PM

Quote from: Mighty_crypt on January 11, 2021, 10:03:34 AM

It doesn't look like altcoins will pump hard this time around, it's still shocking that many ERC20 tokens under Ethereum are not really appreciating in value even when Ethereum reached 1200$, I have nothing to say than to ask what the heck is going on.

Another issue is the insane gas fee of ethereum, I have been holding ERC20 tokens the most and to even sell right now is killing me inside because it costs over 10$ to move my ERC20 tokens to exchange, I might just have to give up on this heartbreaking Ethereum blockchain

I find your topic as a joke because you seem don't understand what's going on with the Ethereum market right now. Those other ERC20 tokens ha nothing to do with the rising of the price of ETH in the market, they have their own owners and developers. the only link they have with Ethereum is they are from the same network or blockchain. As for the price of gas, that's the main problem when the price of ETH is rising in the market, you need to get used to that since it has been there since the beginning.

You are right OP is not understanding this all and talking about this topic which is really shit by him currently Ethereum is doing very good with many projects even many stablecoins also in good position but still not able to touch this few peoples talking about gas wihich is really concern at the time but its also going to solve in near future as ethereum developers working on this very quickly hopefully we will have some good news in near future.

zasad@

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Quote from: Mighty_crypt on January 11, 2021, 10:03:34 AM

It doesn't look like altcoins will pump hard this time around, it's still shocking that many ERC20 tokens under Ethereum are not really appreciating in value even when Ethereum reached 1200$, I have nothing to say than to ask what the heck is going on.

Another issue is the insane gas fee of ethereum, I have been holding ERC20 tokens the most and to even sell right now is killing me inside because it costs over 10$ to move my ERC20 tokens to exchange, I might just have to give up on this heartbreaking Ethereum blockchain

Bitcoin and Ethereum prices are rising because institutional investors are interested in them.
Ethereum inflation will decline for two reasons:

EIS 1559 is promised this year (some of the commissions will be burned)
Change to POS algoritm

The exchange takes 0.3-0.5% commission per trade. If your deal is $ 100, then it is more profitable to trade on the CEX, if your deal is $ 10,000, then it is more profitable to trade on uniswap and similar DEXes.

yazher

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Quote from: Mighty_crypt on January 11, 2021, 10:03:34 AM

It doesn't look like altcoins will pump hard this time around, it's still shocking that many ERC20 tokens under Ethereum are not really appreciating in value even when Ethereum reached 1200$, I have nothing to say than to ask what the heck is going on.

Another issue is the insane gas fee of ethereum, I have been holding ERC20 tokens the most and to even sell right now is killing me inside because it costs over 10$ to move my ERC20 tokens to exchange, I might just have to give up on this heartbreaking Ethereum blockchain

I find your topic as a joke because you seem don't understand what's going on with the Ethereum market right now. Those other ERC20 tokens ha nothing to do with the rising of the price of ETH in the market, they have their own owners and developers. the only link they have with Ethereum is they are from the same network or blockchain. As for the price of gas, that's the main problem when the price of ETH is rising in the market, you need to get used to that since it has been there since the beginning.

smoolae

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Ethereum high price doesn't mean that its subsidiary ERC20 tokens should pump right away when ETH does.
Bitcoin->Eth->alts is the order (it's even like top 10->top 100->everything else).

Just give it time and let's see what will happen.

Jackl87

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The price looks great at the moment, but with the high network bandwith in the last days and weeks it shows once again, that ETH has reached it's limit in it's current form.
I unstaked my LP's from a Yield Farm two days ago and restaked them somewhere else. Those 4 transactions did cost me 50$.
Currently ETH is just not a user friendly platform or payment method that is useable in the daily life.
The switch to ETH 2.0 is eagerly awaited

magnum cyber

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I don't think this is the end of the Ethereum price hike, I still believe that Ethereum can hit its ATH again one day. and keep in mind that the increase in the price of an erc20 token does not depend on the increase in the price of ethereum itself.

Zeehaxan

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Quote from: Mighty_crypt on January 11, 2021, 10:03:34 AM

It doesn't look like altcoins will pump hard this time around, it's still shocking that many ERC20 tokens under Ethereum are not really appreciating in value even when Ethereum reached 1200$, I have nothing to say than to ask what the heck is going on.

Another issue is the insane gas fee of ethereum, I have been holding ERC20 tokens the most and to even sell right now is killing me inside because it costs over 10$ to move my ERC20 tokens to exchange, I might just have to give up on this heartbreaking Ethereum blockchain

Yeah, a couple of days ago i was thinking to exchange some of my tokens but when i checked the transaction fee i just changed my mind because most of the tokens were in small amounts and value that i wanted to exchange so the high transaction cost made it useless exercise so i skipped it.

tvplus006

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Have you tried decreased the gas fee?
I usually set it to normal, and it costs only a bit to make a transasction.

High network fees are very visible when making an exchange on decentralized exchanges, where you have to pay them twice for each transaction. Such high commissions can be considered a payment for anonymity on the network. When transferring from a wallet or exchange, these fees are not as large when compared to DEX.

lumokupong21

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I don't think this is a joke, because as long as the price of BTC and ETH goes up in the near future this could benefit many people including myself. And I also do not depend on markets like Etherum itself because they also have a market, and I think we should be really observant in investing when the market is inflation?

raidarksword

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Erc token projects will not follow the eth's price because they have different adoption and team, they are just using ethereum smart contracts so that they create their own tokens in the network. Many erc tokens have greater value than eth especially defi projects in the market right now.

IShishkin

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Quote from: southerngentuk on January 12, 2021, 07:48:30 AM

I do not see it as a joke because we have to understand that these problems are not uncommon. Ethereum problems, i think not soon to fix, i heard about ETH 2.0 will solve problems, these days will probably answer everything. But the image of the school, i always appreciate that Ethereum is still a great choice for investment.

The only problem which Ethereum 2.0 solves is a sale of huge Ethereum premine. They call that "selling your dreams to investors". Ethereum 2.0 is heavily centralized network.

kram31

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There are two things that I saw from this Ethereum, first is lucky to those who hold ETH at the moment,
However, the bad news was the gas fee totally too high, where the majority of the community here in crypto space
are aching for this transaction charge for ETH. is there any other way to avoid this high fee of ETH?

slackovic

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Quote from: trauchot on January 12, 2021, 08:14:38 AM

I completely agree with you, unfortunately the Ethereum developers deliberately made sure that the entire Ethereum network would be overloaded when the growth of altcoins begins, and unfortunately I do not think that Ethereum developers have plans to improve the Ethereum blockchain so that the gas price would return to the same values that were a couple of years ago.

LOL, are you serious? You're saying that Ethereum developers programmed the network that it gets automatically congested? Don't you think that it has something to do with more people transferring ETH and tokens in times of high volatility? And when there is more transactions on the network, those who create a transaction must pay more in order for their transaction to go trough. It's just that simple. No one programmed the network to become congested or to require more gas.

danherbias07

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You are mistaking something here. Ethereum project is different from those projects created under ERC-20.
I hope they explained you about that clearly before investing with those coins that you bought.
If not, then you made a wrong decision to buy it.

They create their own future and doesn't rely to whatever or wherever they are made of. I am sorry for your loss.

trauchot

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I completely agree with you, unfortunately the Ethereum developers deliberately made sure that the entire Ethereum network would be overloaded when the growth of altcoins begins, and unfortunately I do not think that Ethereum developers have plans to improve the Ethereum blockchain so that the gas price would return to the same values that were a couple of years ago.

southerngentuk

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I do not see it as a joke because we have to understand that these problems are not uncommon. Ethereum problems, i think not soon to fix, i heard about ETH 2.0 will solve problems, these days will probably answer everything. But the image of the school, i always appreciate that Ethereum is still a great choice for investment.

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