See why I think etheruem will be bullish

longyenthanh

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Agree, if ethereum transaction costs can be reduced it will be a greater attraction for investors to use ethereum. Right now, the fee of transaction is very high even we using economy (Gas setting).

I think anyone interested in the cryptocurrency market can see that most of the new projects are built on the Ethereum platform. Thanks to this, Ethereum has great potential, but the transfer costs are too high. The only solution will be to lower these costs with the introduction of Ethereum 2.0. However, no one knows how much it will be possible to reduce these costs. If it is not a very big difference, it will unfortunately reduce also Ethereum's potential in the future.

darewaller

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Quote from: OcTradism on February 16, 2021, 04:47:49 AM

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Agree, if ethereum transaction costs can be reduced it will be a greater attraction for investors to use ethereum. Right now, the fee of transaction is very high even we using economy (Gas setting).

It depends on how you set gas price and gas limit for your transactions. It also depends on the default figures are given by the wallet you are using. Most of people don't know steps to customize price and limit and they automatically accept default figures that obviously always expensive.

If you set gas price and gas limit at low, please read the guide How to cancel or replace an ETH transaction (Metamask, MEW, MyCrypto)

I have worked towards making customized transactions many many times and I can tell you that it is still quite high no matter how you do it yourself. Go check how much it costs and you will see that it costs way more than it should. Ethereums increase is capped because of this gas fee situation and I think it will always be capped for a very very long time. Sure it goes up and it can continue to go up but those prices are horrible for each fee.

I never NEVER pay the preset versions, I am not in a rush so I can wait, which means I will end up spending the bare minimum price require to send without being cancelled and that is why I do not care about whats written on the preset ones and even the bare minimum that goes without being cancelled is above 35 dollars right now and that is just way too much.

TastyChillySauce00

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Quote from: GatotKaca on January 27, 2021, 03:23:39 PM

Of course, it's time for investors to forget about bitcoin and switch investments to ethereum because the already very high bitcoin price will make a loss
bitcoin decline day by day occurs but not for ethereum ethereum was able to survive even just a little drop

Bitcoin high price should actually be the least concern since it has smaller unit which is mbtc, satoshi and even more. The only problem that crypto with high price faces is the fee that keep on increasing alongside the increase of that crypto price.
To be frank, both eth and btc right now is facing the high fee problem and hopefully it could sort out within months.

OcTradism

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Quote from: ?? on ??

Agree, if ethereum transaction costs can be reduced it will be a greater attraction for investors to use ethereum. Right now, the fee of transaction is very high even we using economy (Gas setting).

It depends on how you set gas price and gas limit for your transactions. It also depends on the default figures are given by the wallet you are using. Most of people don't know steps to customize price and limit and they automatically accept default figures that obviously always expensive.

If you set gas price and gas limit at low, please read the guide How to cancel or replace an ETH transaction (Metamask, MEW, MyCrypto)

ven7net

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Indeed, the problem with Ethereum fees right now is preventing the coin from showing even more growth and it would be very good if this problem could be resolved as soon as possible. I personally have problems using ETH and ERC-20 tokens due to high fees and probably many people are experiencing this problem. On the other hand, you can see how large companies are buying large volumes of ETH right now in spite of high commissions and this probably gives them an advantage over smaller users and investors. Perhaps the launch of the solution to the problem with commissions is artificially delayed so that large players can buy ETH. This is just my guess, but in any case, for a more successful development of ETH, the commissions need to be minimal, and then the use of ETH will be greater and its price will be higher.

Kena Banned

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Quote from: CuriousGeorge on January 25, 2021, 10:46:28 AM

It's a very interesting EIP but i have heard that there are some group of miners against this EIP. Will we see another drama that will come from the ethereum core developers vs Ethereum miners?
This sounds bad for me. I have seen someone that claimed as an ethereum miner has also disagreed about this proposal.

Yes in my local mining group, they dont care about Ethereum user which need to pay high fee for the transaction. They absolutely against that EIP update and mine only by joining Pools that against it too.
I think it will be a big story in the future about the ends of this war, i hope it doesnt create another Ethereum fork version because of the difference.

Casdinyard

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Quote from: bitterguy28 on February 15, 2021, 06:42:25 AM

yet cannot break the 2,000$ value right ?

So how come that this is bullish when the highest reached is 18 hundred ? just 400$ ahead from the former ATH?

Ethereum is the slowest crypto mover for me.

The market in the first place does not move upward in a continuous or consistent manner. As investors or users, we can only wait for things to happen. Whenever there is a bullish market, two cryptos are always expected to make a pump; Bitcoin and Ethereum. At this moment, most of the coins are in red marks so I guess they are equal in terms of such aspect. Also, there are indeed coins having higher rate of increase than Bitcoin and Ethereum, but does it make them superior to these two? I think they don't. Rate of increase is not enough to tell if a coin is better than the other cryptos.

bitterguy28

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yet cannot break the 2,000$ value right ?

So how come that this is bullish when the highest reached is 18 hundred ? just 400$ ahead from the former ATH?

Ethereum is the slowest crypto mover for me.

passwordnow

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Quote from: HerbertMarcel on February 14, 2021, 02:41:13 PM

Gas fees of ETH is so high and Big households are hoarding ETH，Retail investors are gradually being washed out. Also ETH 2.0 pledge leads to liquidity crunch. Most of the investor believed ETH is going to hit above $2k when altcoin pumped on early 2018, then the fact it was dumped to less than $100.In case lower transaction fees means that a lot of people considering it this time around in crypto space. I hope Ethereum could experience a major pump nearly 2k .

Yeah, that's the next price ceiling that everyone is looking for. $2k is just the corner and could be hit anytime now. It is actually near to $2k, with the price of $1,805. It's just struggling to hit $1,900 but that can happen anytime from now. Because of the high fees, many are just choosing to hold it although it's really a holdable coin that we have even before the implementation of 2.0. Good for us that have to stack it when it was in the price of total low and nobody got into FOMO.

HerbertMarcel

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Gas fees of ETH is so high and Big households are hoarding ETH，Retail investors are gradually being washed out. Also ETH 2.0 pledge leads to liquidity crunch. Most of the investor believed ETH is going to hit above $2k when altcoin pumped on early 2018, then the fact it was dumped to less than $100.In case lower transaction fees means that a lot of people considering it this time around in crypto space. I hope Ethereum could experience a major pump nearly 2k .

Xxmodded

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Quote from: GatotKaca on January 27, 2021, 03:23:39 PM

Of course, it's time for investors to forget about bitcoin and switch investments to ethereum because the already very high bitcoin price will make a loss
bitcoin decline day by day occurs but not for ethereum ethereum was able to survive even just a little drop

I think that is good way when many investor have move from bitcoin to altcoin and ethereum bitcoin get less dominance on exchange market, will be positive how altcoin price pump. Right now many investor keep trade and invest on bitcoin so dominance bitcoin still above 70% on exchange market, how ever if bitcoin still dominance hard to altcoin moment back to higher price. I think ethereum become most dominance later under bitcoin looking every time have higher price, you still have chance before ethereum raise again on the top price.

Fivestar4everMVP

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Ethereum is always the best coin for me, bitcoin has become very expensive and investing in it has become no child's play, as it requires its investors to have a ball of steels.
For me Ethereum is much more better than bitcoin, come to think of it, Ethereum has much more use case than bitcoin, the only reason why bitcoin is more expensive is cus of its power of incumbency and this power is based on the fact that its the first and the foundation to which crypto is built upon.
Am always bullish on ether and I know that very soon, ether will cross $5000 usd.

GatotKaca

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Of course, it's time for investors to forget about bitcoin and switch investments to ethereum because the already very high bitcoin price will make a loss
bitcoin decline day by day occurs but not for ethereum ethereum was able to survive even just a little drop

kamadazje

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That upgrade will surely to give Ethereum an advantage to go further because most of us wants a cheaper transaction fee and a faster confirmation of our transactions. As their are times that the fee of Ethereum is very high that can be compared to bitcoin but still their is a room for Ethereum developer to make this upgrade.

Ethereum was able to break it's old ATH, so I am congratulating them for this new achievement and I am hoping that they will take their time to make the EIP 1559 upgrade so we can use Ethereum without any worries to it's transaction fee and confirmation time.

TopT3ns

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Quote from: Xxmodded on January 27, 2021, 09:58:07 AM

I have put long on future trading for ethereum and hope price could back again above $1,400 because when bitcoin dump ethereum keep allowing to dump, maybe two days bitcoin have correction and all altcoin keep dump without any chance when back higher price again, still waiting with best moment I keep hold with long future trade and I think ethereum as long position is very good right now during have lower price and open tomorrow hope be green and get much profit.

again, if there is no belief that the price of Ethereum will rise again then you can wait until the price collapses first, then you can buy ethereum as much as you can. Doing future trading is very dangerous because if you don't stand by to see price movements and close the position late, the capital you have will be lost instantly.

Xxmodded

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I have put long on future trading for ethereum and hope price could back again above $1,400 because when bitcoin dump ethereum keep allowing to dump, maybe two days bitcoin have correction and all altcoin keep dump without any chance when back higher price again, still waiting with best moment I keep hold with long future trade and I think ethereum as long position is very good right now during have lower price and open tomorrow hope be green and get much profit.

ethereumhunter

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Quote from: seamusdorakos on January 27, 2021, 08:00:27 AM

Can't disagree with any of those reasons, great research.
I bought some ETH during last year and am kind of sad that I couldn't participate in ETH2 staking, because now I am even more convinced in bright future of ETH and Ethereum

No problem if you can not participate in ETH2 staking because you can still profit from trading, and I am sure that your chance to buy low and sell high will be wide open. Ethereum will get its time to have the bullish again, but this time, we need to be patient and not panic, especially if ethereum goes down for more. What we can do later is prepare our money to buy more ethereum if we want to buy at a low price. Otherwise, we can only wait and see the price movements.

seamusdorakos

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Can't disagree with any of those reasons, great research.
I bought some ETH during last year and am kind of sad that I couldn't participate in ETH2 staking, because now I am even more convinced in bright future of ETH and Ethereum

slapper

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This is definitely what people are looking for: faster transaction and cheaper fee. I personally believe that ethereum were made to become the digital cash while people still concern bitcoin as digital gold. With this innovation, it is apparent that bull will continue to control the current momentum. This huge pull back is just another big correction for the next bull run.

According to my chart, I am looking forward to buy more ethereum when it enters $1300-1100 zone. Give me your thoughts:

raidarksword

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Ethereum got an all time high this month and it's expected it will come again because of the eth version 2 is soon to be launched and with that hype for sure everyone will be stacking up and don't want to be left behind. This is not only will up the price but it's also an anticipated for solving the gas problems and fixing the congested network.

Topic: See why I think etheruem will be bullish (Read 377 times)