Paying ETH fees? | Bitcointalksearch.org

Sayeds56

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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?

While the decision to buy and when to make investment choices solely rests on individuals preferences, however such an important decision should be taken after through research, keeping view your financial limits and risk tolerance level.

However, current crypto currencies market seems to be experiencing a mini bull run which hopefully will continue for sometimes until ETFs are formally approved. From my perspective, top 20 currencies listed on coinmarketcap present promising opportunities for long term investment.

Regarding Ethereum transaction fees, it is likely to come down after the network upgrade, expected to be completed by the end of 2023.

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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?

It is better for you to buy now while the price is cheap so that you can earn more profits if you are able to buy low and hold through when the price of Bitcoin is skyrocketing. Bitcoin controls must of the Crypto market also having influence on Ethereum too. Since you have coins that needed Ethereum for gas fee, then it is better you buy enough Ethereum you can hold and also keep for profits. The bull market might commence early 2024 or late depending on how the market want to bullishly move.

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Paying right ETH fees is a very big issue. In 2021 Bull run when Ethereum prices touches 5,000$. Then sometimes we pay more than 100$ fees to execute a single transaction. It's too much expensive. Then the layer2 concept introduced. There are lot of project on Layer2. such as optimism, arbitrum, zksync and Matic. They help to lower down the fees.
But i suggest everyone that execute a transaction on saturday and sunday, when the GWEI is low.
You can check GWEI through this link https://etherscan.io/gastracker

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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?

of course people will look for the best time to buy, because it will provide profits when eth rises, and people are very confident that that year will be the next round.
and of course there will be many projects preparing for this, as currently I see many projects will release their projects after postponing them during the bear market.

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Quote from: bastian466 on November 15, 2023, 07:39:41 AM

Quote from: batang_bitcoin on November 14, 2023, 10:11:50 PM

Quote from: bastian466 on November 14, 2023, 02:52:40 PM

In conclusion, if your wallet is hacked by a thief, if there is no ethereum in it, then the hacker must top up ethereum first to empty your wallet. because it requires transaction fees

But you won't get hacked if you don't expose your private keys everywhere and you don't connect and agree to smart contracts everywhere too. That only means that you need to be careful upon accessing websites.

Better prevention. There are many other things that can happen, just take safety precautions. because we often participate in various projects which now always connect our wallet to the website.

Those that are always participating in various projects need to be careful, all of you must be aware that you need not to join all of them at once when DYOR.

Quote from: bastian466 on November 15, 2023, 07:39:41 AM

I had this problem when I connected and my ethereum was reduced

You're lucky that it's just reduced and not entirely swept. Because if it's for hackers, they're not going to leave any amount there. Maybe what happened to you is just a product of high fees when you transacted in the past.

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Quote from: batang_bitcoin on November 14, 2023, 10:11:50 PM

Quote from: bastian466 on November 14, 2023, 02:52:40 PM

It's better to prepare now, but my suggestion is to keep it in another wallet to be safer to avoid unwanted incidents.

What can be the unwanted incidents that can happen if you have got an ETH together with the tokens? About being hacked and signing with the smart contracts from websites?

Quote from: bastian466 on November 14, 2023, 02:52:40 PM

In conclusion, if your wallet is hacked by a thief, if there is no ethereum in it, then the hacker must top up ethereum first to empty your wallet. because it requires transaction fees

But you won't get hacked if you don't expose your private keys everywhere and you don't connect and agree to smart contracts everywhere too. That only means that you need to be careful upon accessing websites.

Better prevention. There are many other things that can happen, just take safety precautions. because we often participate in various projects which now always connect our wallet to the website. I had this problem when I connected and my ethereum was reduced

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

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.

changes in ethereum gas fees are increasing very quickly in an instant, I understand that because the ethereum network platform is very busy confirming billions of wallets, it is different from 5 years ago and the effect of ethereum price changes 5 years ago and now is very different, making many people think it is expensive. It is possible that before the bull season there will be more coins born from the Ethereum network which could increase costs even more.

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Acquiring ETH only to pay gas fees while moving erc20 tokens then now is the best time, cause once the bull run gets go on, almost every coin will start to skyrocket and Ethereum is one of the coin will users hold in their portfolio if they are having altcoins so just buy as soon as possible.

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Quote from: bastian466 on November 14, 2023, 02:52:40 PM

It's better to prepare now, but my suggestion is to keep it in another wallet to be safer to avoid unwanted incidents.

What can be the unwanted incidents that can happen if you have got an ETH together with the tokens? About being hacked and signing with the smart contracts from websites?

Quote from: bastian466 on November 14, 2023, 02:52:40 PM

In conclusion, if your wallet is hacked by a thief, if there is no ethereum in it, then the hacker must top up ethereum first to empty your wallet. because it requires transaction fees

But you won't get hacked if you don't expose your private keys everywhere and you don't connect and agree to smart contracts everywhere too. That only means that you need to be careful upon accessing websites.

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Quote from: nimogsm on November 14, 2023, 09:30:18 AM

Indeed, one of the best tips here was to transfer tokens to another network if there is such an opportunity. Commissions on the Ethereum network can be simply crazy and withdrawing your tokens can be expensive. If this is not possible, then it is better to keep some Ethereum in reserve for transactions.

even bridging requires tremendous fee imagine $100 for just bridging, i'm sure many won't afford to move around their asset into other blockchain not to mention the fact that some token might not be deployed in L2 therefore bridiging with the purpose of saving fee instead becomes wasting fee just for nothing.
its the main thing that really holds back ethereum, I guess the fact that everything requires transaction in ethereum blockchain is the main culprit as to why the blockchain is always clogged whenever something hypes are appearing. there's no solution even after few years, their so called solution that is the sharding even nowhere to be seen.

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Quote from: shinratensei_ on November 12, 2023, 06:46:40 PM

Quote from: batang_bitcoin on November 12, 2023, 06:16:48 PM

I will take a guess that the ETH ecosystem won't be clogged anymore and that is because of many tokens that has also been available to other ecosystems or networks too.
That makes the fee for those token transfers cheaper and made a wider way for the transactions to come in and out of the ETH chain. Just for your preparation, not just the ETH for fees you prepare but also your mind that you won't be surprise if some surge happens.

I think its not the fact that other token deployed in other ecosystem such as matic even the L2 but because in bullish so many coin deploying in ethereum because its the most crowded blockchain that means more liquidity and more investors, I think regardless the team should be really trying to solve this problem. i know they have soma plan up their sleeves to solve this problem.

meanwhile I think we will see how effective the L2 gonna be in overcoming these bullruns where the transactions amount would multiply than when it is in bearish.
but i would expect that it will just be the same like when L2 was hyping back then, the batch submitter of each L2 instead polluting the main blockchain but its indeed could increase the transactions amount processed by getting the weight off ethereum.
at least we should be prepared to have some massive gwei increase.

Reputation and demand is something that main reason on despite on having those huge network fees but the overall volume and liquidity on which ETH do really get is really that still high on which means that
there's really indeed a strong support in the community or simply with having those investors back up on which means that there's no doubt that it would really be having that long time sitting on top of the ranks.
Now, i do have some ETH in my stash and with some coins that have that smart contract or simply using up ETH chain which cant really be denied that high fees were that in main issue wayback even up to now.
Dont know on when they would be getting resolved considering that it is really that a burden to many specially into those small time investors who are really that tending to buy some parts.

Have some option? Yes, aside from dealing with those DEX or direct transactions you could eventually make purchase on exchangers but pulling it out on exchangers
would definitely be still costing you but not really that much or lesser basing up on experience.

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It's better to prepare now, but my suggestion is to keep it in another wallet to be safer to avoid unwanted incidents. In conclusion, if your wallet is hacked by a thief, if there is no ethereum in it, then the hacker must top up ethereum first to empty your wallet. because it requires transaction fees

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Indeed, one of the best tips here was to transfer tokens to another network if there is such an opportunity. Commissions on the Ethereum network can be simply crazy and withdrawing your tokens can be expensive. If this is not possible, then it is better to keep some Ethereum in reserve for transactions.

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Quote from: Yamifoud on November 13, 2023, 06:09:49 AM

Quote from: batang_bitcoin on November 12, 2023, 06:16:48 PM

I will take a guess that the ETH ecosystem won't be clogged anymore and that is because of many tokens that has also been available to other ecosystems or networks too.
That makes the fee for those token transfers cheaper and made a wider way for the transactions to come in and out of the ETH chain. Just for your preparation, not just the ETH for fees you prepare but also your mind that you won't be surprise if some surge happens.

Having multiple options makes the network easier to process transfers and that will be the time I think that we can see the ETH gas fee back low like a few years ago. However, we can still expect the volatile movement of fees but not as high as compared to these days. We can really feel the burden of traders/investors who are paying huge fees and it was not reasonable enough to move $50 worth of tokens while paying $10 (or more). That is why a lot of people are hoping for this to come and to have them breathe from long years of suffering high fees.

With the other supported networks, the fees won't be that much and that's one good reason for someone who has the option to do so. But usually, these transactions are available to be done in the exchanges where they will allow you to pick which network you want to withdraw with that token.

Quote from: shinratensei_ on November 12, 2023, 06:46:40 PM

I think its not the fact that other token deployed in other ecosystem such as matic even the L2 but because in bullish so many coin deploying in ethereum because its the most crowded blockchain that means more liquidity and more investors, I think regardless the team should be really trying to solve this problem. i know they have soma plan up their sleeves to solve this problem.

meanwhile I think we will see how effective the L2 gonna be in overcoming these bullruns where the transactions amount would multiply than when it is in bearish.
but i would expect that it will just be the same like when L2 was hyping back then, the batch submitter of each L2 instead polluting the main blockchain but its indeed could increase the transactions amount processed by getting the weight off ethereum.
at least we should be prepared to have some massive gwei increase.

Yes and that's the main reason why it's good to have those tokens that are also supported in other networks. Because if it seems crowded in the Eth chain, you can do transactions in other supported networks that has lesser fee.

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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?

op As you say ethereum will go up in price in 2 or 1 year so you are thinking of buying. I sold my ethereum a few days ago for a fairly good price. So I think if you buy ethereum right now for a year or two I don't think it's going to be very profitable. Currently the value of ethereum is very high so who knows how much it will be profitable to leave it for two years.

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If you think the price of ETH is cheap right now and you have all the means to buy it, you can always go ahead and think positively about the outcome. Right now, everyone is recommended to buy as many cryptocurrencies as they can in order to earn as much as possible when the bull run comes. But they just need to keep it mind that they cannot overhype themselves when it comes to their total budget because this is just an investment and there is no total guarantee with it especially with the crypto market not being stable all the time.

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It is important to note that the price of Ethereum may be higher next year compared to now. If you believe that the price will significantly increase it might be beneficial to buy Ethereum now as it is cheaper. This way you can potentially save on fees in the future.
And keep in mind that if the Ethereum will go up so due much transactions the Ethereum fee also go up.
By the way that's great if you have stored your coins in a Cold wallet.

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Quote from: batang_bitcoin on November 12, 2023, 06:16:48 PM

I will take a guess that the ETH ecosystem won't be clogged anymore and that is because of many tokens that has also been available to other ecosystems or networks too.
That makes the fee for those token transfers cheaper and made a wider way for the transactions to come in and out of the ETH chain. Just for your preparation, not just the ETH for fees you prepare but also your mind that you won't be surprise if some surge happens.

Having multiple options makes the network easier to process transfers and that will be the time I think that we can see the ETH gas fee back low like a few years ago. However, we can still expect the volatile movement of fees but not as high as compared to these days. We can really feel the burden of traders/investors who are paying huge fees and it was not reasonable enough to move $50 worth of tokens while paying $10 (or more). That is why a lot of people are hoping for this to come and to have them breathe from long years of suffering high fees.

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Quote from: batang_bitcoin on November 12, 2023, 06:16:48 PM

I will take a guess that the ETH ecosystem won't be clogged anymore and that is because of many tokens that has also been available to other ecosystems or networks too.
That makes the fee for those token transfers cheaper and made a wider way for the transactions to come in and out of the ETH chain. Just for your preparation, not just the ETH for fees you prepare but also your mind that you won't be surprise if some surge happens.

I think its not the fact that other token deployed in other ecosystem such as matic even the L2 but because in bullish so many coin deploying in ethereum because its the most crowded blockchain that means more liquidity and more investors, I think regardless the team should be really trying to solve this problem. i know they have soma plan up their sleeves to solve this problem.

meanwhile I think we will see how effective the L2 gonna be in overcoming these bullruns where the transactions amount would multiply than when it is in bearish.
but i would expect that it will just be the same like when L2 was hyping back then, the batch submitter of each L2 instead polluting the main blockchain but its indeed could increase the transactions amount processed by getting the weight off ethereum.
at least we should be prepared to have some massive gwei increase.

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I will take a guess that the ETH ecosystem won't be clogged anymore and that is because of many tokens that has also been available to other ecosystems or networks too.
That makes the fee for those token transfers cheaper and made a wider way for the transactions to come in and out of the ETH chain. Just for your preparation, not just the ETH for fees you prepare but also your mind that you won't be surprise if some surge happens.

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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.

Sayeds56

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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.

Sayeds56

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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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Quote from: NeilLostBitCoin on October 06, 2023, 01:46:34 AM

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

...

Having enough Ethereum for transaction fees is recommended, especially during times of high transaction volume and increased Ethereum prices. Purchasing Ethereum during a bull run can be difficult due to the constantly increasing price, including the gas fee. Some cryptocurrencies may experience price increases followed by drops, so it's wise to buy now in preparation for such circumstances.

I am not sure how he bought some tokens on the ETH network without owning some Ethereum in the first place... anyway, if he plans to use his tokens one day, for selling or fun, he will definitely need some ETH if he wishes to move those tokens feely.

As all others advised, since OP decided to go for these tokens he should start buying Ethereum. And if we see some crazy spike with Ethereum transaction fees as before (or maybe even higher) he will need to be prepared for that.

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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?

Having enough Ethereum for transaction fees is recommended, especially during times of high transaction volume and increased Ethereum prices. Purchasing Ethereum during a bull run can be difficult due to the constantly increasing price, including the gas fee. Some cryptocurrencies may experience price increases followed by drops, so it's wise to buy now in preparation for such circumstances.

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Paying ETH fees is not think who have lots of money and lots of ETH but when any smaller trader / person want to send ETH to others ETH address than he facing some problems about ETG high gas fees because example if he have $100 ETH and want to sent her friends address than showing fees like $8 - $10 It's very upset for Smaller users.

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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.

thats actually simple to be solved just increase the gwei and you're set.
the problem is when the gwei getting too high it reached hundred of dollars even thousand of dollars just doing simple sending ERC20 token it will be problematic for most of people because sending ethereum and ERC20 token differ in gas required.
if its reaching that much amount surely it will be disastrous it reminds me of that NFT trend back then when people willing to spend thousand of dollars just to mint NFT which is silly and ridiculous.

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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?

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.

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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?

When the crypto market has entered a bullish period or is just about to enter a bullish period, what will happen is that the price of ETH will be really high. And not only that, usually there will also be a huge increase in transaction fees for transferring ETH or ERC20 tokens. I remember in the past bullish era, ETH gas had reached hundreds of gwei and this was really heavy. Not to mention, on some exchanges, ETH transfer fees have also risen higher. That's why, usually, I would prefer to own ETH long before the bulls appear, at least I put some in my wallet. And regarding altcoins that are going to rise, it would be better if I had started preparing them for transfer and each had ETH for gas, and made the transfer before the bullish era will come.

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Quote from: forexandcryptoauditor on October 05, 2023, 09:42:49 AM

Even though some targets may be derived from technical analysis, for eth price for next year, the market conditions and world news can make it blur. In short we can not be sure for future price. I would suggest you by small amount of eth, to fulfill gas fees(considering 50% increase in gas fee next year). If next year the price of eth will fall, you can accumulate more. This will save you from condition buying eth at high price if it goes high.

The higher the price of ETH the higher the fees that you need to deal with and that is the normal scenario with ETH. You can have some transactions now but if you have to wait by next year, you need to be more ready and hope that your holdings with profit can cover such fees because for sure it will be big. Though it will not be that high, you just have to timing your transaction and you’ll be good.

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Quote from: JeffBrad12 on October 03, 2023, 05:59:44 PM

If you're so sure then of course you can have the ethereum beforehand, after all the time your token grow in price i'm pretty sure ethereum is also growing in price as well.
so its always better to have ethereum before it experiencing any bullrun because if bullrun is coming for real, the increase in value wouldn't be small, it will be huge.
however you can also just invest in ethereum altogether at this point, convert your token into ethereum, but then again it depends on your preference with your investment.
personally i would always invest in ethereum instead.

This is only related to whether an investment option in ethereum or Bitcoin is the best or in some of the top altcoins that have good development.
No problem with ETH gas Fees increasing. Increases only occur when there is a spike in transactions that occur. You just need to avoid it and not take part in transactions and wait for the gas fee to go down.

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Yes, what you are planning is the right thing to do. Gas fees are getting cheaper so there's a chance Ethereum will be in a bull run next year or next to that.
If you have tokens under ERC20 then always have an Ethereum ready. It's not about its bull or its bear but it's about being ready if ever you have a plan to sell those tokens when it's ready to be sold.
A price increase is unpredictable like mine when I saw GALA tokens suddenly shoot up. It cost me a lot because the transaction is under ERC20 but it was worth it because I bought those tokens at a cheaper price and I already calculated how much I would make even if I sacrificed a few dollars in Ethereum in the process.
You will never know what could happen, it's just better to be ready.

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Even though some targets may be derived from technical analysis, for eth price for next year, the market conditions and world news can make it blur. In short we can not be sure for future price. I would suggest you by small amount of eth, to fulfill gas fees(considering 50% increase in gas fee next year). If next year the price of eth will fall, you can accumulate more. This will save you from condition buying eth at high price if it goes high.

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Quote from: zasad@ on October 05, 2023, 08:18:47 AM

I would consider L2 Ethereum solutions for trading operations, where the commission is much lower.
It’s just that when using smart contracts you need to be very careful and look at the amount of commissions, so that later you won’t be surprised why your payment of 10 dollars has a commission 3 times higher

usually L2 doesn't have problem relating the fee only when ethereum fee getting really high that l2 get affected overall its never a problem for l2.
so for smart contract execution that usually requires gas L2 is definitely the way to go right now.

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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?

You'd rather anticipate the possible increase of gas fees and its price. Holding some ETH now is way better than buying them when the market is bullish as expected the price is expensive already. Just like I've experienced during the last bull market, when I'm in need of money and need to withdraw my funds, I've been spending more on the fees. I suggest getting some and besides, ETH is a good investment as well, it gives you profit during bull season.

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I would consider L2 Ethereum solutions for trading operations, where the commission is much lower.
It’s just that when using smart contracts you need to be very careful and look at the amount of commissions, so that later you won’t be surprised why your payment of 10 dollars has a commission 3 times higher

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If you have a large number of these tokens, which you expect to have a great value in the future, then buying now or in the future will not make a difference, as you will most likely not pay more than $100 Ethereum fees for all your transactions, and if your investment is limited, then buying now will save you a few dollars in the future.
Do not bet on the rise of these symbols, as the market is volatile and these tokens do not follow the pattern of cryptocurrencies with large market capacities.

Quote from: WalkerIVIV on October 04, 2023, 05:44:01 PM

after all ethereum is among the most recommended altcoin to invest.

If I were in his place, I would consider Ethereum more than those fees, at least the possibility of achieving a higher gain.

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Quote from: WalkerIVIV on October 04, 2023, 05:44:01 PM

there's nothing wrong in having ethereum for the sake of gas fee and accumulating it.
I think its even recommended to invest in ethereum so you can just also accumulate and invest it, adding it to your holding portfolio will definitely increase the chance of making profit.
after all ethereum is among the most recommended altcoin to invest.

and i bet, eth will have market value after a year or two, as compared to most of his tokens. so yeah, it is better to stash some ETH not only for gas fees but as an investment as well. remember, it is top 2 among thousands of these currencies. so you have better chance of gaining profit from this project rather than most.
the OP should look at the potential of his portfolio. can they survive in few years or not? because eth has higher chance of surviving in this market. just my 2 cents.

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there's nothing wrong in having ethereum for the sake of gas fee and accumulating it.
I think its even recommended to invest in ethereum so you can just also accumulate and invest it, adding it to your holding portfolio will definitely increase the chance of making profit.
after all ethereum is among the most recommended altcoin to invest.

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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, I can give you some advice.
Always leave 0.02-0.04 eth on your wallet that you are or will actively use just in case.
Also, make sure you don't overpay for the fees, you can inform your self how big are the fees in the moment, just google "what are ether fees now".
You will eventually stop overpaying fees and send transactions when they are lower.

But, let me tell you a story.
Once upon a time I went to currency exchange, I gave 300 of $ and realized that in my local exchange comission is so high, I better go somewhere else, it was like 20$.
Than I came home, bought a nice little NFT of a dog and paid 35$ fees without even thinking about it.
So, all in all, when you are in crypto, usually, you don't care, but yeah, you should.

What else... yeah, it's better to leave some eth on the wallet, just in case if you need it fast. And of course, if you think eth is cheap now, it's probably better to have some if you think that way, definitely.

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Just always monitor the Ethereum Gas Tracker for the gas fees.
For now, it's reasonable fees compared to last year which is the network is congested.

If you feel that your token is worth it to keep and it has the potential to grow in the market, just keep it, and any time the gas fee will cool down the same as today. Ethereum has been proven that it's a good investment, aside from the purpose of gas fee it could be also your good investment.

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If you're so sure then of course you can have the ethereum beforehand, after all the time your token grow in price i'm pretty sure ethereum is also growing in price as well.
so its always better to have ethereum before it experiencing any bullrun because if bullrun is coming for real, the increase in value wouldn't be small, it will be huge.
however you can also just invest in ethereum altogether at this point, convert your token into ethereum, but then again it depends on your preference with your investment.
personally i would always invest in ethereum instead.

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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?

Regardless of your purpose why should you buy ETH, it's worth buying that coin in the first place. You don't have to buy ETH just for the sake of covering the gas fees of your hold tokens when the time now comes to withdraw it. Besides, how come you are sure that your tokens will have a decent market price in the future?

If you think that ETH will have a higher price next year, then decide for yourself what's the best thing to do.

About when to sell your hold coins or tokens, no one can tell you the right thing to do about that. It's all about timing and you have to analyze when.

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i mean having eth ready for the sake of paying gas fee is fine, but it isn't really that urgent if what you planning is to sell in the next bullrun.
moreover having eth ready for paying fee could also be a double edged sword when it comes to having precious token in your address, who knows if it gives a way for scammers out there to steal your money since the gas is ready for executing transaction.

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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?

I think just have some ETH ready, there's no better things that getting ready. A $100 worth of Ethereum would like be enough considering how huge transaction fees when bull run comes, I don't trust those upgrades they've promised to lower the gas fees. I think you've already plan it ahead because truly it's cheap right now to buy Ethereum and if it increases in value that $100 could even worth more in the future and would be more than enough to pay some fees.

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Always hold some ETH to cover fees if you have tokens in that network. We don't know how much will it cost in the future but you will need it eventually.

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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?

Why wouldn't you buy eth for fees now? It's not like you need to buy that much it that you would be saving a huge amount if the price goes down, as it's just money for gas and nothing big.

Eth is definitely not going to drop as much that you would save something that's relatively cheap now. But it can rise in the price and no one really knows how much it could, now that's in deflationary mode.

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I think you should make ready for some amount of ETH for transaction fees. Because now you will get the gas price of ETH at 5-10 gwei and the withdrawal fee from the exchange is also less. But during bullrun gas price is around 100 gwi. Also, many exchanges suspend ETH withdrawals.

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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?

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.

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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?

It's better be ready than sorry. I guess you will get a little bit of discount if you buy ethereum today expecting that ethereum will sky rocket again in the next bull market. I think you only need a little eth for those future transaction given that we have some technologies in making the transaction cost cheap. Though I personally won't keep a erc20 without a gas fee to transfer it again, actually all major blockchains like BSC. I just like to be ready on future transaction and to lessen the hassle of instant buying a token in it's current price for the sake of the transaction fee.

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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?

Let's hope together, hopefully the years ahead will be good years for us, crypto enthusiast.

For your doubts and questions, first try to understand what your goals and hopes are, isn't it to sell your tokens at a high price when the bullrun comes? If that's the case, you should know that if the token you are holding now has a high price, Ethereum as the native token will also experience an increase in price.

So why are you still hesitating about it? Currently the price of Ethereum is at $1,650, I mean, don't let it happen that when you buy it later, the price of Ethereum is already at $2K+, LOL.

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You can do any of it freely.

If you think that you're too prepared then just leave some couple of bucks worth of ETH for the fees to those tokens. You'll never know when the surge comes, these fees are also going to adjust.

But if you have no plans yet and you're just chill and fine to wait until the right time comes, it's also fine to just send that ETH for the fee when you're about to transfer tokens to exchanges.

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I agree that not only because it would be smart to have some for the fee needs, but it would also be smart to buy it because of the fact that ETH will grow. So if you have ANY money at all right now and you could spare it to buy something ETH, that would be a lot better and should be something that could gain a lot of return we could have in the end.

I believe that we can't really have all that much of a bad return if we do something like this, ETH should be as good as it gets and having that type of return should be the priority. If you use it for fee, then you could use it for the fee, if you do not use it for the eth fee then you could end up with holding it to make as much profit as we could. That should be something that would be very important on the long run that could help you in either cases.

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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.

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I want to ask you, what coin did you buy today and keep it? if it is the top coin you have to prepare the fee to transfer the token today, because later the eth price will definitely be more expensive and require more expensive fees, it is better to buy at the current price because it is still not too expensive.

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Hey, it's all about timing in the crypto. If you believe ETH's price will shoot up, getting it now for future fees might be a savvy move. But remember, it's crypto, anything can happen!

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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 you have some tokens that will require ETH fees and if you think a bull run is incoming, it makes sense to buy some ETH at current rate to cover the fees. There's no other way to pay the ETH chain fees except ETH. So get it while it's cheap and if you are certain that a bull run is coming next year.

ETH is also good for investment as well if you are planning to hold it.

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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?

Of course next year holds better expectations at hand because that would be a year for bitcoin halving and definitely it would market as it is beginning to show now. When ever bitcoin is on a bull, it automatically have impact on the market so your assumptions are not wrong mate. So therefore buying now should be a good target as it is cheaper now before the bull run.

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 tokens on ethereum chain then you must definitely need eth for gas fee and there is no two ways about it. So you must buy it and keep it for gas fee come bull run because it would be much expensive then to purchase. As it is that the market is volatile, Use your spare cash you can afford to loss if it happens that the market changes direction you would not bother to worry about it.

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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?

Currently, the price of Ethereum coin is low, so the gas fee of this coin is also low.So now there is a low fee to transfer any token on this platform.As you said when the price of this coin increases but the Ethereum platform tokens you have bought whenever the price of ethereum increases even if the price of these coins increases.But then you have to pay a lot of fees.For me buying Ethereum is better than buying Ethereum platform coins.Because the price of all the tokens of this platform will increase but not as much.

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You won't necessarily need much ETH when/if the next bull run happens for a couple of reasons that were not here before:

- ERC-4337 (assuming that it's widely adopted and used by that time) would allow users to pay using ERC20 tokens, and could even allow third parties to pay the fees for you.
- Layer2 solutions: zkSync, Polygon, Arbitrum, and a few others have all grown and have a much bigger userbase and adoption.

It still wouldn't hurt to have some ETH though. You never know when you might need to move your funds urgently.

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If you have no intention to sell then no need to worry about gas fee. I think you have purchased all Ethereum chain token im cex and then transfered to your cold wallet but as far I know , Ethereum network token withdraw fee from the Cex is very high then why you choose Eth network? your holding tokens not available on other networks?

I will recommend to buy some Ethereum also , If other tokens could give you profit, Ethereum will also give you good profit and moreover If anytime you need to send any token instant then it will help you to send faster.

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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?

If you think next two years are bullish, you must know price of Ethereum will be higher than now. It means it will be more expensive for you to buy ETH with same money like $100, you will be able to buy less ETH.

Why don't buy it now?

Quote

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?

Your post implies you didn't buy ETH but bought ERC20 tokens. I am not against you but you made bad decision. Buying ETH is better and safer than buying ERC20 tokens. ETH will be here but I am unsure about ERC20 tokens that are weaker and can die.

Like you did not buy Bitcoin but bought BRC20 Ordinals tokens. Another bad decision if you do it.

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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?

Topic: Paying ETH fees? (Read 607 times)