Paying ETH fees? - page 2. | Bitcointalksearch.org

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Quote from: JamesDaniel90 on October 02, 2023, 04:21:07 AM

2024 / 2025 (hopefully) will be my first bull run and the majority of my crypto is currently on cold storage and I am wondering if I should get some ETH ready now to pay for fees when it comes to selling or if I should wait till next year when I actually do sell - is there any difference?

I do not hold Ethereum but do have a few tokens that will require me to pay fees so wondering what is best to do have it ready now or if it doesn't matter and just wait till it actually comes to selling and pay then but obviously the price of Ethereum will be a lot higher next year then it is now so thinking is it best to buy now whilst cheaper?

Well, it depends on you, and what your convictions are for the next year's Ethereum value and what its reality will be, this is the most exciting time to buy ETH since its price is low at the moment and also that the probability of the value increase in the next year, because at the moment, Ethereum price is still very at a discount price and anyone opening a buy position for the coin is standing a high chance of having good profits in the next one year.

But since your emphasis is on gas fees, you can also buy and hold also since in the period there may be a possible network hike in the Ethereum network that may be a disadvantage.

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Quote from: Sayeds56 on November 06, 2023, 01:49:00 AM

Quote from: Xal0lex on October 03, 2023, 12:02:37 PM

Buy now, because it will be more expensive later. Gas prices will not come down during the bull run, but instead will increase strongly due to the strong increase in demand for the blockchain space. Think back to 2021, gas prices were just insane at times. Right now, the market is relatively calm, so this is a good chance to buy coins.

It is true that gas fees on Ethereum network usually increase during the bull phases due to increased demand leading to congestion on network. Nevertheless, it is worth mentioning here that presently development team is actively working on Ethereum EIP-4844 upgrade expected to be finalized by the end of current year. This upgrade is poised to substantially reduce transaction fees on Ethereum network.

This is all assumptions and it is not known whether it will give anything in favor of reducing commissions. When it will work (if it works), then we will see what commissions will be. Let's hope, of course, that this will at least somewhat help to change the situation with ETH commissions.

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Quote from: Sebas.tian on November 05, 2023, 10:26:45 PM

You can hold your Ethereum now base on what is about to help in the crypto market that will make Ethereum and other cryptocurrencies price to increase higher soon, and it will help you to achieve a lot of things from your Ethereum because the price will definitely hit $3000 before the end of 2025. If you look around the crypto market, you will know that Ethereum still remain in second position among other cryptocurrencies despite the high gas fees because it hard for their investors to experience failure in their investment. Don't be in a hurry to sell your Ethereum now because the price will definitely move to some direction that will allow investors to achieve what they have never achieve before in Ethereum.

that's what I'm also waiting for, when Bitcoin is bullish Ethereum will also be bullish and the price of $3000 is a price that ethereum can still reach and can reach a new ATH when all markets are supportive. Ethereum fees are still quite normal, it will only look expensive due to the surge in transactions that occur on the ethereum network.

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Quote from: JamesDaniel90 on October 02, 2023, 04:21:07 AM

2024 / 2025 (hopefully) will be my first bull run and the majority of my crypto is currently on cold storage and I am wondering if I should get some ETH ready now to pay for fees when it comes to selling or if I should wait till next year when I actually do sell - is there any difference?

I do not hold Ethereum but do have a few tokens that will require me to pay fees so wondering what is best to do have it ready now or if it doesn't matter and just wait till it actually comes to selling and pay then but obviously the price of Ethereum will be a lot higher next year then it is now so thinking is it best to buy now whilst cheaper?

actually you are doing 2 birds in one shot here mate so best to act if ever you are ready for the next bullrun.
Buying Ethereum now will save you cost when bull happen because it might climb to above multiple times from the recent value so if
you will store more Ethereum then you are holding for your own and saving for your fees , isn't better to do it now? never hesitate in
buying good coins like ethereum so yes take them now into your wallet.

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Quote from: Xal0lex on October 03, 2023, 12:02:37 PM

Buy now, because it will be more expensive later. Gas prices will not come down during the bull run, but instead will increase strongly due to the strong increase in demand for the blockchain space. Think back to 2021, gas prices were just insane at times. Right now, the market is relatively calm, so this is a good chance to buy coins.

It is true that gas fees on Ethereum network usually increase during the bull phases due to increased demand leading to congestion on network. Nevertheless, it is worth mentioning here that presently development team is actively working on Ethereum EIP-4844 upgrade expected to be finalized by the end of current year. This upgrade is poised to substantially reduce transaction fees on Ethereum network.

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You can hold your Ethereum now base on what is about to help in the crypto market that will make Ethereum and other cryptocurrencies price to increase higher soon, and it will help you to achieve a lot of things from your Ethereum because the price will definitely hit $3000 before the end of 2025. If you look around the crypto market, you will know that Ethereum still remain in second position among other cryptocurrencies despite the high gas fees because it hard for their investors to experience failure in their investment. Don't be in a hurry to sell your Ethereum now because the price will definitely move to some direction that will allow investors to achieve what they have never achieve before in Ethereum.

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Quote from: Sayeds56 on November 05, 2023, 12:56:50 PM

Quote from: JamesDaniel90 on October 02, 2023, 04:21:07 AM

2024 / 2025 (hopefully) will be my first bull run and the majority of my crypto is currently on cold storage and I am wondering if I should get some ETH ready now to pay for fees when it comes to selling or if I should wait till next year when I actually do sell - is there any difference?

I do not hold Ethereum but do have a few tokens that will require me to pay fees so wondering what is best to do have it ready now or if it doesn't matter and just wait till it actually comes to selling and pay then but obviously the price of Ethereum will be a lot higher next year then it is now so thinking is it best to buy now whilst cheaper?

Many of the leading crypto market annalists hold consensus veiw that bull run is likely to occur in 2024-2025 during or after the halving event. This scenario could potentially result in Bitcoin price reaching new all time high( ATH) . Ethereum as the second most prominent currency of crypto market, is currently trading around $1800 which seems very attractive price due to its potential for significant exponential growth during the anticipated bull run. Additionally, Ethereum development team is also working on a network upgrade, that could potentially reduce the transaction fee, a development that could possibly have positive impact on Ethereum price. DYOR

yes the implementation of sharding is on the way, from the technical view, it looks promising, but we still don't know whether it could truly solve the fee problem, because in the future the transactions amount per second might also increase considering the fact that the upgrades always requires really long time to be implemented.
even the proposed L2 which supposedly solve the problem instead also cause some problem to the ethereum main blockchain through their batch submitting that unfortunately pollute the blockchain with frequent transactions and instead become double edged sword that caused the increase in fees.

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Quote from: JamesDaniel90 on October 02, 2023, 04:21:07 AM

2024 / 2025 (hopefully) will be my first bull run and the majority of my crypto is currently on cold storage and I am wondering if I should get some ETH ready now to pay for fees when it comes to selling or if I should wait till next year when I actually do sell - is there any difference?

I do not hold Ethereum but do have a few tokens that will require me to pay fees so wondering what is best to do have it ready now or if it doesn't matter and just wait till it actually comes to selling and pay then but obviously the price of Ethereum will be a lot higher next year then it is now so thinking is it best to buy now whilst cheaper?

Many of the leading crypto market annalists hold consensus veiw that bull run is likely to occur in 2024-2025 during or after the halving event. This scenario could potentially result in Bitcoin price reaching new all time high( ATH) . Ethereum as the second most prominent currency of crypto market, is currently trading around $1800 which seems very attractive price due to its potential for significant exponential growth during the anticipated bull run. Additionally, Ethereum development team is also working on a network upgrade, that could potentially reduce the transaction fee, a development that could possibly have positive impact on Ethereum price. DYOR

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Current with OP situation little worry upcoming several years later Ethereum will raise to higher price and he needs large amount of ETH as fees for sending coins or token with ERC20 network. Right now fees sending with ERC20 network coins or token looks cheap than usually have to pay more than $5 each time for sending coins. Better send all your coins or token with Network ERC20 right now before Ethereum up to higher price when close with halving time.

Current with etherscan/gastracker right now gwei around 15 and you need to spend more than 1$ to 2$ for each coins sending, you can take great opportunity send to exchange wallet or if price up you can swap it before gwei up and you need spent more higher fees later exactly if Ethereum up from current price today around $1,850.

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Quote from: Belarge on November 04, 2023, 05:16:30 PM

Quote from: AliMan on October 06, 2023, 01:32:12 PM

If I think Ethereum price compared 5 years ago, maybe that the definition of cheap price if we compared to latest modern price.

Paying ETH fees which are consider to be really expensive and more often the fastest means of crypto transactions. Comparing Ethereum price 5 years ago, it was very affordable but we missed such big opportunity but there's no regrets because most of us didn't have the knowledge then.

Ethereum gas fees are always changing. During a bullish era, costs will usually increase very drastically, even up to hundreds of gwei. And this is really like killing us when we want to transfer ERC20 tokens with such high transaction costs. It's different this time, currently, gas costs for Etheruem network transactions can be said to be quite low.
Per day the average is only around 15-18 gwei. And of course this will continue to change.
https://etherscan.io/gastracker

Luckily, currently there are several network options for transferring coins or tokens so you can choose which one has lower costs. However, if it is stagnant and there is no choice, then no matter what, you have to be willing to pay a certain amount for the fee. Try to look for the right time where the fee is not as high as it.

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Quote from: mdzahed134 on October 06, 2023, 09:04:15 AM

I think to keep some ETH in your wallet it’s always good thing because anytime you need to sell your tokens as like if you see suddenly your tokens will big increase, personally i'm always holding 5$-10$ for transaction fees in my ETH wallets because i know i own/holding a several ERC-20 tokens so i'm always ready to sell it. In the next bull run definitely ETH price will be increase so it’s good time to buy ETH in cheap price.

true, its sujch a common sense for someone dealing with any token to have some ethereum in their wallet, it works for paying the fee as well as for investment since ethereum is just as good as bitcoin in term of performance, its even such common thing that many people would left out some eth in their wallet if they in some cases got some airdrop in which they can liquidate directly.
thats why when someone wanna invest in token or interact with smart contract always have in mind to buy some ethereum for paying the gas fee also frequently looking at the gas rate to determine how many ethereum should be in wallet for smart contract interaction and so on because honestly, can't do anything without ethereum, we can have millions worth of token if there's no ethereum we can't intereact with smart contract.

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Quote from: JamesDaniel90 on October 02, 2023, 04:21:07 AM

2024 / 2025 (hopefully) will be my first bull run and the majority of my crypto is currently on cold storage and I am wondering if I should get some ETH ready now to pay for fees when it comes to selling or if I should wait till next year when I actually do sell - is there any difference?...

Regardless of when you decide to sell your coins, you should always have a minimum amount of ETH in your wallet that will be sufficient to transfer or sell your altcoins. Therefore, you do not need to guess what the price of ETH will be in the future, and right now buy some Ethereum, I think 0.02 ETH will be enough.

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Quote from: AliMan on October 06, 2023, 01:32:12 PM

If I think Ethereum price compared 5 years ago, maybe that the definition of cheap price if we compared to latest modern price. The old days is the top opportunity to say that eth brought us a comfortable life in terms of cryptocurrency, same with erc20 platform tokens. My advice to old token holders is to monitor the community where it belongs with, and if there's no future then dump it while there's certain value.

Paying ETH fees which are consider to be really expensive and more often the fastest means of crypto transactions. Comparing Ethereum price 5 years ago, it was very affordable but we missed such big opportunity but there's no regrets because most of us didn't have the knowledge then. Ethereum was one of the most bullish projects after Bitcoin, it's existence have boosted some trader's portfolio and has also drained most trader's that didn't follow the appropriate footsteps of good tips in trading. Cryptocurrency is risky to anticipate in so its always advisable to be extremely cautious when dealing with the market, not all trades should be triggered.

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Quote from: cryptoaddictchie on October 02, 2023, 08:34:20 AM

Quote from: JamesDaniel90 on October 02, 2023, 04:21:07 AM

I do not hold Ethereum but do have a few tokens that will require me to pay fees so wondering what is best to do have it ready now or if it doesn't matter and just wait till it actually comes to selling and pay then but obviously the price of Ethereum will be a lot higher next year then it is now so thinking is it best to buy now whilst cheaper?

If you have extra cash or balance then do buy some of it while it still cheap. If you believed bull run will arrived then eth will likely increase and as the price increase you only can buy few of eth to cover for the gas. Its hard to say when it will increase but much better if you can buy while it still low.

Sometimes Ethereum can go on its on, and also if there are special events that happened to it like its Ethereum 2.0 last time. The rest can be depending on the Bitcoin's movements or the bull run. Bitcoin is going to halve after a few more months and that might be the time that Ethereum will also increase but we shouldn't wait for that moment of course before we invest in because the price is already costly that time even though it is still possible for a continuous increase. Bitcoin is starting to recover again by now.

I haven't check the price of other cryptocurrencies but maybe they also do. It was still cheap though so we should hurry up before its too late.

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Quote from: JamesDaniel90 on October 02, 2023, 04:21:07 AM

2024 / 2025 (hopefully) will be my first bull run and the majority of my crypto is currently on cold storage and I am wondering if I should get some ETH ready now to pay for fees when it comes to selling or if I should wait till next year when I actually do sell - is there any difference?

I do not hold Ethereum but do have a few tokens that will require me to pay fees so wondering what is best to do have it ready now or if it doesn't matter and just wait till it actually comes to selling and pay then but obviously the price of Ethereum will be a lot higher next year then it is now so thinking is it best to buy now whilst cheaper?

If I think Ethereum price compared 5 years ago, maybe that the definition of cheap price if we compared to latest modern price. The old days is the top opportunity to say that eth brought us a comfortable life in terms of cryptocurrency, same with erc20 platform tokens. My advice to old token holders is to monitor the community where it belongs with, and if there's no future then dump it while there's certain value.

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Quote from: mdzahed134 on October 06, 2023, 09:04:15 AM

I think to keep some ETH in your wallet it’s always good thing because anytime you need to sell your tokens as like if you see suddenly your tokens will big increase, personally i'm always holding 5$-10$ for transaction fees in my ETH wallets because i know i own/holding a several ERC-20 tokens so i'm always ready to sell it. In the next bull run definitely ETH price will be increase so it’s good time to buy ETH in cheap price.

I am also thinking same because Its not wise idea to hold tokens without having the main token required for fee. It is same like you keep precious item in box without the key. Ethereum is definitely required when OP want to withdraw or swap then why someone not keep on the time.
Ethereum holding No. 2 position currently in whole cryptocurrencies and chances of rising is high especially for long term I am seeing no best and safe coin than Btc and Ethereum. OP has own mind but I think our wallet should composed of Ethereum in big amount.

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Quote from: mdzahed134 on October 06, 2023, 09:04:15 AM

I think to keep some ETH in your wallet it’s always good thing because anytime you need to sell your tokens as like if you see suddenly your tokens will big increase, personally i'm always holding 5$-10$ for transaction fees in my ETH wallets because i know i own/holding a several ERC-20 tokens so i'm always ready to sell it. In the next bull run definitely ETH price will be increase so it’s good time to buy ETH in cheap price.

Yes, at least $10.00 will do as transaction fees if you want to move several ERC-20 wallet. Just like what I did in the last couple of hours, I try to move $100.00 unfortunately, I can't because it says fees are not enough. Then I have to convert/swap some to $5.00 and it won't allow me because the minimum to swap is like $10.00. And so I did that, and it worth mentioning that the $10.00 will likely make me 3-4 transactions before I will have to replenish my wallet again with another $10.00 if I wanted to make a new transaction in the future. So I know it's huge already with that $10.00, but we can't do anything for now but to wait if there will be future iterations of ETH to make the gas fees much lower.

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Quote from: Silberman on October 05, 2023, 04:35:08 PM

Quote from: JamesDaniel90 on October 02, 2023, 04:21:07 AM

2024 / 2025 (hopefully) will be my first bull run and the majority of my crypto is currently on cold storage and I am wondering if I should get some ETH ready now to pay for fees when it comes to selling or if I should wait till next year when I actually do sell - is there any difference?

I do not hold Ethereum but do have a few tokens that will require me to pay fees so wondering what is best to do have it ready now or if it doesn't matter and just wait till it actually comes to selling and pay then but obviously the price of Ethereum will be a lot higher next year then it is now so thinking is it best to buy now whilst cheaper?

Do this now, the main reason for this is not really the cost but how long it could take for your transaction to be confirmed, once the bull market starts not only a bunch of coins will be released over the ethereum network, but many people will begin to move their coins as well, so if you wait until then to send some ethereum to move your coins you will lose hours and maybe even days before that ethereum arrives to your wallet, and by the time it does you could have wasted the opportunity to sell your coins for a high price.

That is a good point - I will buy $100 of ETH later today that should cover me , thanks

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I think to keep some ETH in your wallet it’s always good thing because anytime you need to sell your tokens as like if you see suddenly your tokens will big increase, personally i'm always holding 5$-10$ for transaction fees in my ETH wallets because i know i own/holding a several ERC-20 tokens so i'm always ready to sell it. In the next bull run definitely ETH price will be increase so it’s good time to buy ETH in cheap price.

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Quote from: JamesDaniel90 on October 02, 2023, 04:21:07 AM

2024 / 2025 (hopefully) will be my first bull run and the majority of my crypto is currently on cold storage and I am wondering if I should get some ETH ready now to pay for fees when it comes to selling or if I should wait till next year when I actually do sell - is there any difference?

difference? depending on your goals. If you plan to keep ETH for the long term or for selling costs, then there's no harm in buying ETH early while the price is still cheap.

Quote from: JamesDaniel90 on October 02, 2023, 04:21:07 AM

I do not hold Ethereum but do have a few tokens that will require me to pay fees so wondering what is best to do have it ready now or if it doesn't matter and just wait till it actually comes to selling and pay then but obviously the price of Ethereum will be a lot higher next year then it is now so thinking is it best to buy now whilst cheaper?

If your token has a selling value commensurate with the transaction fees on the Ethereum network then you can buy ETH and then sell the token. For me personally, while I have capital, I will buy more ETH and wait for next year's bull market.

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