Topic: I'm scared of ethereum gas fee - page 9. (Read 1903 times)
I feel we should all get use to the high fee by now, I don't see it going low any time soon. As long as the price of ethereum is surging, I don't have any problem with the gas fee. We can also use other coins for transaction at time to minimize whatever we are spending on gas fee.
Won't all these be solved when ETH2 is launched?
IF the price is going to spike $10-$60. Its going to cause the traders to move to other platform and trading will decline in numbers. Its always good to have at least just less than $ fee. Some platforms I guess are seeing this to happen one day which is why EOS somehow has free transaction fee. TRX could be the next platform where we flock if ETH2 can't help to maintain its gas fees.
What if ether price goes up to more than $2000 dollars..
Then Etehreum fees will be 5 times higher so $10-$60. No need to be scared, that is just how it is. Miners are getting paid to secure the network.
The fact that the fees are getting higher could just prevent the price going over the top. I mean i understand speculative investment but when you can't afford to move eth or any token in it, what is it worth actually and why would people buy that before the 2.0 is locked and ready.
What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
I don't think the Ethereum network congestion can reduce with time.
I think the high transaction fees on Ethereum has become one of the most important issue people have started to raise concerns about, and it is only natural as nowadays the fees can be huge. The other day I had to pay ~35$ for 1 transaction.
Clearly, this cannot continue and given that this is a problem everybody encounters, and one that stands as the most limitable factors to the use of ETH. There is an emergency to mitigate this issue and the fact that is a global trend means that ERH cannot afford to have this issue growing bigger than it already is.
It is a tax that we pay for the fact that Ethereum becomes useful and finally find a real use case. You can use other blockchains with lower fees and faster transactions, but it is caused mainly by the unused network 
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When Eth becomes unusable, those who cannot afford the fees will move to the other chains, it is that simple.
The current GAS price is better than a few weeks ago which reached 400 GWEI and in my opinion if ethereum reaches price of $ 2000 there will not be a bottleneck like now and it will not require large GAS costs, my hope is that the team can overcome all of that when the 2.0 release
I'm not convinced what's ethereum network taking us gas fee. Considering recent gas demand, now it's quite low. However, I've doubt can newcomers afford the fixed gas fee? Furthermore, a lot of development on the way so let's see how we beat this terrifying thing.
Yes, this is the hot topic for a few days that Eth has a fee is so high that people are very worried about it nowadays. Eth is developing its layer 2 development and this is still not finished yet. Though I am not using it right now for this reason. Suggestion for everyone who is worried about it to avoid this as much as you can in this situation. Hopefully, everything will be okay soon.
The ethereum gas fee is considerably high nowadays and as a result it is becoming hard for some people now to make transactions unlike before when the fee was low .One can easily spend ten dollars in trying to send coins that are worth only twenty to twenty-five dollar and I think this will be a matter of concern for people that are new into crytocurrency .I do hope ethereum gas fee will reduce with time.
We don't have any choice now do we, eth has been on rise for a while now, it is so frustrating to transaction without facing the high eth fees, if you want your transaction go faster then you just have to increase your gas otherwise your transaction will not go through, this is the new reality.
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.
Have no fear because there are hundred of other altcoin option that can help you if the problem is about gas. If ethereum gas price continue to increase then I firmly believe that many cryptocurrency user will switch to other altcoin that have lower fee.As I can see so far, the current gas price has been giving people tough time.
Of course, but it can still be reduced if user are not competing for large amount of gas. When many user want their transaction to be processed quickly, fee will go up and that is a factor why gas fee are getting more expensive. Network congestion in my opinion is for that reason and obviously if I charge a lower fee then my transaction will get stuck and slow to process.And now who is to blame, is it the user or ethereum ?
Yes, you are right.. But I only imago my how people will be able to cope ether transaction fees when it get to that price.. You know so many people will still have to use it
It doesn't need to be imagined because it will obviously cost a fortune, and everyone clearly has a different way of outwitting this problem even though the average person uses almost the same method, which is willing to pay dearly to be able to sell their more expensive token.
It was obvious that ETH was created because it wanted to be something at the middle of all the crypto sphere, it is used by a lot of new stuff and they have always been welcoming as well, however they didn't imagine this much hype. We are talking about billions of dollars and that is a lot of money for people to actually go with, I am not sure if that should be something ETH is ready for, after all billions of dollars could be something you are not ready for and I would totally understand, who could guess such a big hype around defi.
But this has already happened, eth team is aware of it, and they are probably working to make it better, I do not know any of the team members so I didn't asked but you can guess nobody would say "who cares" and let it be, they are probably trying to make it better.
But this has already happened, eth team is aware of it, and they are probably working to make it better, I do not know any of the team members so I didn't asked but you can guess nobody would say "who cares" and let it be, they are probably trying to make it better.
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.
I don't think the Ethereum network congestion can reduce with time.
Keep calm man. The price of Ethereum gas will never rise to $ 2,000. At this price, no one in their right mind will make transactions. Soon the hype around Defi projects will end and the gas price will return to its former place.
Some users have already left and do not use the Ethereum blockchain, if the fee price rises again, then another part of users will leave, so the price growth will slow down, but the situation itself is stupid, the devs of the ether could not predict this situation.
Yes, for now there are already many people in crypto who are using other platforms and leaving the Ethereum platform for a while, but if this continues, then everyone will definitely leave the well-known Ethereum platform.
Yes, now it is very difficult to carry out financial transactions, because the gas is very large, and the commission is very large. And for this you need to monitor the situation for days in order to withdraw your funds with the least loss. And I think that this situation on the Ethereum platform will end soon and everything will fall into place.
Some users have already left and do not use the Ethereum blockchain, if the fee price rises again, then another part of users will leave, so the price growth will slow down, but the situation itself is stupid, the devs of the ether could not predict this situation.
dont be scared as $2k is still far from the horizon of eth. right now, you can just opt to other alts to trade with. dont revolve your crypto trading on eth tokens or defi tokens as you may be missing other profitable alts.
if you cant afford their high gas fees, then go for other valuable alts. dont limit yourself to these tokens just because everyone is crazy about it.
But the fact that currently all of traffic and money are going to Defi, peoples are so crazy and greedy, they just focus on hottest projects, and the most profit projects are tokens from Ethereum blockchain and we don't have option. if you cant afford their high gas fees, then go for other valuable alts. dont limit yourself to these tokens just because everyone is crazy about it.
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