I'm scared of ethereum gas fee - page 2.

Wingo

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Quote from: Cryptoababe on September 19, 2020, 05:26:25 PM

What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.

It's far from the horizon. And many projects and investor will find an alternative platform than staying with ethereum with high gas fees. There are a lot of blockchains out there better than ethereum and has a lot more features and scalability to offer. And the migration to the new protocol won't solve much of this problem. This will impact the market greatly especially the projects that are primarily using the ethereum blockchain.

Atang Sulaeman

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The possibility is very far from reality if eth gas prices are very high. and if this happens, it will definitely stop using eth,
and will move to another altcoin. pray that the price of gas on eth does not reach the price of $ 2000

Fredomago

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Quote from: ?? on ??

I don't think if some people willing to spend $2000 for just the gas fee and it's impossible to reach that high. Well don't be scared of the gas fee not all the time high, it will go lower anytime. Hopefully this gas problem will fix once eth 2.0 is release.

That's huge but that's not healthy for this project if fees will go over that amount, not unless traders are willing to continue using this chain even that huge fees comes along the way, looking forward that the update will take care of this high fees concern.

Quote

ETH gas fee is too high from long time and i didn’t expect it will reduce to earlier at least before developed eth network 2.0 but it’s hard time for traders they have to spend large amount gas fee also many new projects are suffering because they wasting huge money to distribute tokens for investors and bounty hunters. There are no possibility to suddenly ETH will be hit 2k$.

We don't see how future will proceed but for sure everyone are looking forward to see adjustments after this certain updates take place.

mdzahed134

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ETH gas fee is too high from long time and i didn’t expect it will reduce to earlier at least before developed eth network 2.0 but it’s hard time for traders they have to spend large amount gas fee also many new projects are suffering because they wasting huge money to distribute tokens for investors and bounty hunters. There are no possibility to suddenly ETH will be hit 2k$.

Amitumi

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I think.
After ETH 2.0 the gas fee will too less and speed grows up 100%.
So i think we don t be so upset about thinking the future.
New method or new blockchain will come quickly.

awakpane

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Indeed, lately, the cost of ethereum gas is not as stable as before and this is very difficult for ethereum users to make transactions from the swallow address to the exchange. We hope that ethereum gas costs can return to normal and be cheap so that it is not difficult for users because if the gas costs ethereum is still expensive so many users will switch to other platforms.

Alert31

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Quote from: Cryptoababe on September 19, 2020, 05:26:25 PM

What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.

If ever your wide imagination about eth gas fee will happen, I think eth value will also increase into thousands of dollars. But that's too far from the reality. Don't be scared because there are other ways to avoid the higher gas fee of eth if you don't want to pay higher gas fee. Just find other altcoins which is cheaper in terms of transaction fee and make it as an alternative while waiting for eth gas fee to decrease.

nrvasquez

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Quote from: Lordrift on October 20, 2020, 06:07:23 AM

For a gas fee to reach above $2000 for which I would deem impossible then Ethereum price to dollar must be over the moon then. But looking on the bright side that cannot happen because of the congesting transactions on the blockchain network

It's the ether price, not the gas fees. but that's indeed impossible. there will be some protocol in the near future that will solve this issues, in fact that some projects already doing their best to build some new platform that can minimize the gas fee

Vishnu.Reang

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Quote from: ?? on ??

I don't think if some people willing to spend $2000 for just the gas fee and it's impossible to reach that high. Well don't be scared of the gas fee not all the time high, it will go lower anytime. Hopefully this gas problem will fix once eth 2.0 is release.

Oh no.. please don't say that ETH 2.0 is the solution for everything. We don't know much about ETH 2.0, and therefore a real chance exists that it may contain a few bugs and vulnerabilities. And in case what you are saying is true, I am interested to know how ETH 2.0 lowers the transaction/gas fee. I want to understand the mechanism and know whether it is viable in the long-term.

1GUARDIAN

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I think that by the time the Ethereum price rises to $ 2,000, the developers are already implementing some new features in order to reduce the gas price.
At the moment, such a high price for gas has led to the fact that the work of decentralized exchanges, where previously it was possible to buy a small amount of tokens, is almost completely paralyzed. We are talking about Eterdelta or similar exchanges.
For me, for example, it's a problem to buy a small amount of tokens on Eterdelta, because the gas commission makes it unprofitable.

b1boy

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The ethereum network has been very busy of late and the was gas fee has been high has been really scary, but i dont think ethereum price going to $2000 should be scary for us because i dont see that happening anytime soon and by the time the price goes up that high then the Eth 2.0 would already be in place by then and that would solve most of the issues and problems congesting the network making the gas fee high

Lordrift

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For a gas fee to reach above $2000 for which I would deem impossible then Ethereum price to dollar must be over the moon then. But looking on the bright side that cannot happen because of the congesting transactions on the blockchain network

Restmand

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Quote from: Cryptoababe on September 19, 2020, 05:26:25 PM

What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.

Don't be scared of the gas fee, just wait for the price to goes down as for new investors maybe its horrible for them. Times com that the gas fee will be normalized. I guess gas fee although it increases is not big deal because the price is still manageable, if one cannot go with the high price then wait for the price to get low.

yslyv

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No need to be scared at all. It will not happen. Actually that is one of the reason why ethereum price will not go that much up. It will come to a balance itself sooner or later. Because if transaction fee increases more, people will interest in ethereum less and price will drop.

casperBGD

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Quote from: Zazzu on October 20, 2020, 03:47:59 AM

And it gets more interesting if you try to claim some tokens from some websites like PLOTX , I had to pay 0.02 eth to claim 0.002 ETH , seems so much fee and that is why so many tokens would rather build their project on polkdot and EOS instead of ethereum!

would not agree, especially for big money

this is true for small investors, that plan to invest few hundred dollars, and claim few bucks, or below that (0.002 ETH), but it is not the case for a large amounts of money, where security of the funds is more important, and ETH is certainly better choice than EOS or even Polkadot, which is much better than EOS from my point of view

and fees are now much lower than a month ago

Zazzu

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And it gets more interesting if you try to claim some tokens from some websites like PLOTX , I had to pay 0.02 eth to claim 0.002 ETH , seems so much fee and that is why so many tokens would rather build their project on polkdot and EOS instead of ethereum!

Warkop

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If you are having trouble with Ethereum gas getting high and becoming unstable, there are many Altcoin alternatives for you to use that are also very cheap for the cost, so you don't have to think about high fees and don't have to be afraid of making transactions. But if you really want to wait for the Ethereum gas price to drop and stabilize, it might take a long time to resolve, you can choose this option for you to decide.

alisonwonder

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If you are afraid of ethereum gas costs increasing and becoming expensive then I suggest using other alternative coins, there are still many that can use low costs and have the same delivery speed, for example, are Tron, EOS and Doge. at least with alternative coins like that transaction costs are cheaper and don't need to be expensive.

Gibreil

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Quote from: Cryptoababe on September 19, 2020, 05:26:25 PM

What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.

It probably make you upset when you see that your fund was almost gone because of ethereum fee. Imagine, how could we bear that fee when it is really high? We cant even done a single transaction without paying it high even the transaction is too slow. This is the reason why I bought ripple to withdraw my funds in an exchange. I can`t really bear the fee of ethereum gas specially when the market is at bull season and the network is congested.

bitcoin31

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Don't be afraid of the ethereum gas fee because I believe it is still small and even the value of the ethereum is very high the fee is also low. But remember the fee is not permanent amount they have a time the gas fee for the ethereum will rise but only a little bit that you see but don't worry it is still affordable for the investors and user od the ethereum who always makes transaction.

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