Topic: What high gas fee have cost me (Read 510 times)
Its true that person like us, have no way but suffer much for Ethereum higher transaction fee. Even that time if you were able to buy shiba inu with that fee, then it could give you bulk of money as return. but the question is, you weren’t sure about it right? otherwise you might be take loan or sell your full property to buy shiba inu, right? so after all the main reason is not about Ethereum higher fee but fee does matters
Ethereum's gas fees have risen sharply due to rising prices it is true that many small investors cannot transact for the sake of raising fees. But there is nothing to despair about reliance on other currencies is less for investment but ethereum's transaction fee is high but reliable currency. Long term retention will give higher profits also BNB can choose here the transaction fee is less than ethereum.
Unfortunately, I was also in such situations when it was urgent to either invest in cryptocurrencies or it was necessary to sell cryptocurrencies that was located on the Ethereum blockchain and, unfortunately, I had to act quickly and make expensive transactions, so I have been saying for a long time that the Ethereum blockchain was created for rich people and therefore I try to use this blockchain as little as possible and I hope that in the near future BSC or another blockchain will overtake the Ethereum blockchain.
Back in the days eth is created for all because eth fees are fair but not anymore. No one expected this and I think even the founder himself did not expect this either. This is why they are working hard to fix this issue but why are you hurrying again? Did you hurry because the price of what your selling or the price of what your buying is within your range?But, I guess you have earned something with it did not you? It is only not worthy to transact if the assets that your selling is lower than the gas fee or if your going to buy coins with unsure future. We still have a BSC that we can use anyway. BSC is now popular but it will take a long time to overcome the legacy of eth.
I know that some rich people don't care what ETH gas fee was saying in 2021 when BTC was surging but for me it cut me off some wonderful opportunities, the most painful one was shiba inu could have been one of the early buyers probably a big winner know but couldn't buy because shiba inu started its journey on ETH chain. . . there are actually few others so I started looking for tokens running on BSC chain only..imagine.
But of you beleive a project is going to be the next big thing then you should take the risk no matter what hastle you have to face. I don't beleive Shiba it just got hyped by whales after the Doge run and many people fell for it so think that you didn't fell into the trap and take it as positive thing just happened to you. 
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they are big investors about the high cost of ETH gas is not a problem. only small investors feel the burden of ETH gas fees in every transaction. but I believe that very few small investors have been trading ETH in recent times. they focus more on BSC.
Yes, many investors focus on BSC than ETH because of the high gas fee that involved in ethereum. Both the big and small investors focus on what they will achieve at the end of their investment that will determine which one to focus on in the community. Many investors came to discovered that, there is more income in BSC investment than ethereum investment because of the high cost of ethereum fee that is reducing their profits.
Those small investors that was involved in ethereum trading some years ago, has quitted from ethereum business just because of the little profit they are receiving from their ethereum business. It will be difficult for small investors to return back to ethereum investment unless the gas fee drop more than BSC before they can return back to ETH investment.
this feels really right considering that the fee always going higher if there is any good opportunity of making good profit by flipping our investment and at the right moment that kind of opportunity arrives, suddenly you are being charged with high gas fee that could quite literally drain your investment.I know how you feel and you will always be regretting it as the worst decision in your life. if eth is being called as platform for the rich I think thats just simply true.
bsc in the other hand is a great alternative for ethereum but it’s having so many memecoins and shitcoins that they are already unfit for making investment, if the high fee of eth being left unresolved its just wiser moving over in other blockchain like matic, at least it also has really low amount of shitcoins.
bsc in the other hand is a great alternative for ethereum but it’s having so many memecoins and shitcoins that they are already unfit for making investment, if the high fee of eth being left unresolved its just wiser moving over in other blockchain like matic, at least it also has really low amount of shitcoins.
Ethereum gas fees are not very suitable for small investors and are very burdensome for them on every transaction. It comes to my mind, aren't there a lot of investors now turning to the BSC network?
If there are small investors who make transactions on the Ethereum network, I think it is only a small part.
If there are small investors who make transactions on the Ethereum network, I think it is only a small part.
What the OP said is true, people are starting to worry about the cost of ETH gas going up and up with the price of ETH itself.
I have leftover tokens from last year and I can't sell them because there is no difference between their value and the cost of the gas, how sad.
I wish there would be a specific policy regarding this case if possible.
I have leftover tokens from last year and I can't sell them because there is no difference between their value and the cost of the gas, how sad.
I wish there would be a specific policy regarding this case if possible.
We actually experience the same. Sometimes, ETH or ERC20 gas fee goes very high and we need more gwei again to be left.
Not only that, if we have no grass in our personal wallet, we should buy on exchange in which the gas fee transfer is very high, with the minimum transfer amount is also high enough.
I don't know when the gas of the Ethereum network will be back to normal again. This is sometimes really killing.
We cannot avoid this and must take this. Sometimes, the result of the profits is not enough to pay the gas.
Not only that, if we have no grass in our personal wallet, we should buy on exchange in which the gas fee transfer is very high, with the minimum transfer amount is also high enough.
I don't know when the gas of the Ethereum network will be back to normal again. This is sometimes really killing.
We cannot avoid this and must take this. Sometimes, the result of the profits is not enough to pay the gas.
It's quite unfortunate that after putting much effort and time in promoting some project as a bounty hunter, the token earned stay put in an ERC wallet due to high cost of transactions gas, I believe it's high time ethereum developers find a lasting solution to this problem else many new projects will continue to shun ethereum network and opt for a cheaper and faster network such as BSC, I am pleased that there are other alternative, had it been it's only ethereum network that was available, it would have been a very big challenge for developers.
That was the most common claim of the hunters since last year but somehow, Mr. Vitalik does nothing and even their ETH upgrades don't help. That is why we find another way, but still, we need to spend a few bucks in order to move it into the other exchanges. For me, still wasn't a good option but have to sacrifice or just let it stuck in our wallet until it was die. Honestly, I become hopeless to see ETH will change it fees and I have no confident that the developers will seriously take action for this.
I know that some rich people don't care what ETH gas fee was saying in 2021 when BTC was surging but for me it cut me off some wonderful opportunities, the most painful one was shiba inu could have been one of the early buyers probably a big winner know but couldn't buy because shiba inu started its journey on ETH chain. . . there are actually few others so I started looking for tokens running on BSC chain only..imagine.
At the moment, probably no project is starting its development on the Ethereum network. And certainly not meme coins, which are mainly based on a huge amount of small investments. All meme coins projects are currently running on BSC or Terra, so you don't have to worry about the amount of transfer fees as they are very small in both projects.
I know that some rich people don't care what ETH gas fee was saying in 2021 when BTC was surging but for me it cut me off some wonderful opportunities, the most painful one was shiba inu could have been one of the early buyers probably a big winner know but couldn't buy because shiba inu started its journey on ETH chain. . . there are actually few others so I started looking for tokens running on BSC chain only..imagine.
Agreed the fees make even thinking about buying not even worth it. It's not sustainable. In a bull market fine, people are making a ton on their investment, but in bear markets no one would be willing to start off down 20, 30, 50%.
dealing with small amount transactions then each fee would be used would really significant but if talking with big amounts then you wouldnt care at all as long those
transactions would push trough.
High gas fees in erc20 is pretty much known but good thing that we could deal with other chains which does have lesser fees but we know
it does vary on what coins we are engaging on.
I know that some rich people don't care what ETH gas fee was saying in 2021 when BTC was surging but for me it cut me off some wonderful opportunities, the most painful one was shiba inu could have been one of the early buyers probably a big winner know but couldn't buy because shiba inu started its journey on ETH chain. . . there are actually few others so I started looking for tokens running on BSC chain only..imagine.
Agreed the fees make even thinking about buying not even worth it. It's not sustainable. In a bull market fine, people are making a ton on their investment, but in bear markets no one would be willing to start off down 20, 30, 50%.
I think this is a difficult problem to solve, when ethereum was skyrocketing and huge popularity they made a strange thing, i.e. very expensive transaction fees, to send ERC-20 tokens it cost around $40 and it took about 10 minutes to reach 12 confirmations and this is very bad thing for blockchain technology
To be honest this blockchain was reliable in the past. this can also be considered as the fastest blockchain at that time when crypto was not so popular like this time. The cost that happened in ethereum blockchain caused by it can't handle the popularity with the low scalability. I guess the fix will be implemented but the only thing that totally non sense if it needs years to do that. which is supposed to be cheap and fast.
This is ethereum blockchain in the past. The thing is getting changed so fast and this time more people come to the crypto. This is also creating a problem to the ethereum blockchain. This blockchain is getting old and it has limitation. This time ethereum is the most slowest and expensive blockchain. 
It's quite unfortunate that after putting much effort and time in promoting some project as a bounty hunter, the token earned stay put in an ERC wallet due to high cost of transactions gas, I believe it's high time ethereum developers find a lasting solution to this problem else many new projects will continue to shun ethereum network and opt for a cheaper and faster network such as BSC, I am pleased that there are other alternative, had it been it's only ethereum network that was available, it would have been a very big challenge for developers.
I know that some rich people don't care what ETH gas fee was saying in 2021 when BTC was surging but for me it cut me off some wonderful opportunities, the most painful one was shiba inu could have been one of the early buyers probably a big winner know but couldn't buy because shiba inu started its journey on ETH chain. . . there are actually few others so I started looking for tokens running on BSC chain only..imagine.
Right now am also in the same situation, I have cut out all eth related projects because of high gas fees, as a member of seedify launchpad, I have the chance to participate in sidus/senate sale but I didn't because it was on eth network and I don't want to end up spending high gas fees for a 10% release, the same thing happened in syn city, I let go of my participation too, and several other sales that could have been profitable,
I just ignore any eth base project because in the end, I won't participate so why waste time trying to understand the project.
I think this is a difficult problem to solve, when ethereum was skyrocketing and huge popularity they made a strange thing, i.e. very expensive transaction fees, to send ERC-20 tokens it cost around $40 and it took about 10 minutes to reach 12 confirmations and this is very bad thing for blockchain technology which is supposed to be cheap and fast.
Why did they make a strange thing? I hope you don't mean that Ethereum itself can set the fees. If you do, then I advise you to read up on the subject, because fees are dependent on the number of transactions. The fees are made indirectly by the miners.
.. there are actually few others so I started looking for tokens running on BSC chain only..imagine.
Have you bothered to think why the fees are significantly lower on the BSC chain? Apparently not, otherwise you would realize that the low fees come with a high risk. The BSC chain is centralized and completely controlled by Binance. As long as Binance is doing well everything is okay, but you are making yourself completely dependent on a company that is being eyed by many authorities worldwide.
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I know that some rich people don't care what ETH gas fee was saying in 2021 when BTC was surging but for me it cut me off some wonderful opportunities, the most painful one was shiba inu could have been one of the early buyers probably a big winner know but couldn't buy because shiba inu started its journey on ETH chain. . . there are actually few others so I started looking for tokens running on BSC chain only..imagine.
Well, I think this is not an excuse, because even in the early days of Shiba inu, it was listed on several centralized exchanges, if you really wanted to invest in Shiba back then and didn't want to pay the high gas cost of buying them from uniswap, you could have bought them from a centralized exchange and allow them sit there incase you don't want to pay the high cost for withdrawal... So just say you missed Shiba inu and move on with that, don't blame it on Ethereum's high cost of transactions, I missed it too, because I didn't just buy it, not because gas cost is high. I have some friends who aren't rich but they benefited alot from Shiba, they all bought it from centralized exchange and left it there, one of them bought $9 usd worth of Shiba and later made over $500 in profit.
What is said is true too
People are getting more and more worried about Ethereum's high gas costs until now.
Like myself, I still want to sell my tokens from last year, but remember that gas is so expensive that's why until now I still keep my tokens.
Because it is also impossible for us to sell if it is only enough to cut the fee but there is no profit for us.
The fees was really unexpected for all of us .Its true that the fees is still high enough to to make a token transaction .However the price was climbing to the up and transaction was continuously increasing so that the fees was also increased .Come back to the thread opinion ,not only shiba we were facing the high fee to make a transaction for all tokens .He missed the shiba but i thibk why he shouldn't buy it from the exchange and hold there ,really its making me confused .However we are using mostly the BSC for its less fees for transaction .Hopefully the pressure might decrease on Eth chain. People are getting more and more worried about Ethereum's high gas costs until now.
Like myself, I still want to sell my tokens from last year, but remember that gas is so expensive that's why until now I still keep my tokens.
Because it is also impossible for us to sell if it is only enough to cut the fee but there is no profit for us.
The gas fee is not just going to be higher for you. We also went because ETH tokens are currently charging more gas fees. Because ether token gas is so high now that no one wants to do an ether project now. If someone gets 5$ to exchange that dollar token, he has to exchange 50$ for his gas fee. We have to pay more gas fees
I know that some rich people don't care what ETH gas fee was saying in 2021 when BTC was surging but for me it cut me off some wonderful opportunities, the most painful one was shiba inu could have been one of the early buyers probably a big winner know but couldn't buy because shiba inu started its journey on ETH chain. . . there are actually few others so I started looking for tokens running on BSC chain only..imagine.
Its only one of the many opportunities in the crypto space so don't worry about it too much.Shiba Inu isn't the only coin that will give you large profits. There will be many coins that will emerge in the future that can be like Shiba Inu that can give profits to those who will buy it. Of course the risk of this is very high but the reward of it is also very high. Still I'm worried in the Ethereum's very high gas fees than the profits that I and you can get on Shiba Inu. Maybe you can get more profits in the BSC by investing in the tokens under that chain. Just find it and be patient.
You are not the only guy who is irritated by the high fee, in my case there were some projects that I didn't invest because I was afraid of paying a high fee and for my bad luck they were projects that gave good profits and I lost because I didn't invest. this high issue is a headache, it doesn't make sense to send 50$ and pay $5 or more in fee, I'm just giving a random example
I understand your feelings OP, while meme coins are pumping hard I noticed that those running on ETH chain are growing faster than those on BSC, also most meme coins on BSC chain are scam projects, some meme coins investors targets only ETH smart contract tokens only, it was a painful experience.
For now, since the gas fee was high, it has remained. It's just that for wealthy people, paying for gas is not a problem. But if you need to sell a very small amount of tokens, then the gas fee is so high that it is not at all profitable to sell the received tokens. And in the end, all the coins that make up a very small volume remain on wallets or exchanges due to large gas fees. So the problem remains, but there is a very good way to move to other platforms such as Polygon where gas fees are very low.
I think this is a difficult problem to solve, when ethereum was skyrocketing and huge popularity they made a strange thing, i.e. very expensive transaction fees, to send ERC-20 tokens it cost around $40 and it took about 10 minutes to reach 12 confirmations and this is very bad thing for blockchain technology which is supposed to be cheap and fast.
they are big investors about the high cost of ETH gas is not a problem. only small investors feel the burden of ETH gas fees in every transaction. but I believe that very few small investors have been trading ETH in recent times. they focus more on BSC.
Indeed, the relatively high cost of gas is one of the reasons why investors (especially small investors) choose BSC over ETH. It's true what you said, maybe for big investors it's not a big problem, but for small investors maybe the cost of gas they spend could be the profit they get. Nobody knows that.for small investors it is very unlikely to make transactions, because as you said that the costs to be incurred are the same as exchanging profits.
I know that some rich people don't care what ETH gas fee was saying in 2021 when BTC was surging but for me it cut me off some wonderful opportunities, the most painful one was shiba inu could have been one of the early buyers probably a big winner know but couldn't buy because shiba inu started its journey on ETH chain. . . there are actually few others so I started looking for tokens running on BSC chain only..imagine.
Right now you also need to sacrifice the gas fee when you decide on investing in some tokens running in the Ethereum network but the good thing is if you are gonna land on some good tokens which will gonna massively multiply their price like Shiba Inu last time, then that would be a jackpot for you but considering the opportunity right now, there are lots of successful tokens that started on Ethereum network rather than BSC.
Before reaching the problem, have you ever wondered why it happened, and you were looking for it.
There are many things that could be explained, even if you don't understand how it works, as novices by nature always demand things for themselves, I can see greed as well as profit century of each individual. But with this space, seeing a great opportunity has really made people lose their minds. In essence, no one thinks the same way. The important thing is that when it is enough for each person to just look back at everything and the way they act, we will find our own answer.
There are many things that could be explained, even if you don't understand how it works, as novices by nature always demand things for themselves, I can see greed as well as profit century of each individual. But with this space, seeing a great opportunity has really made people lose their minds. In essence, no one thinks the same way. The important thing is that when it is enough for each person to just look back at everything and the way they act, we will find our own answer.
exactly the reason why so many projects like the metaverses projects are moving in matic platform and the likes because the fee could become a thing that holds it from having many investment.
there are quite plenty of us that have the same experience like you and have missed so many opportunities that could have become a great things in our life.
right now we should just move in using different platforms for investment so that we wouldn’t miss other opportunity just because of the gas fee because frankly, the gas fee of ETH is just madness. that's why people are moving away from ethereum blockchain since a few years ago. I can also feel that if you are missing the chance to become another millionaire
there are quite plenty of us that have the same experience like you and have missed so many opportunities that could have become a great things in our life.
right now we should just move in using different platforms for investment so that we wouldn’t miss other opportunity just because of the gas fee because frankly, the gas fee of ETH is just madness. that's why people are moving away from ethereum blockchain since a few years ago. I can also feel that if you are missing the chance to become another millionaire
I know that some rich people don't care what ETH gas fee was saying in 2021 when BTC was surging but for me it cut me off some wonderful opportunities, the most painful one was shiba inu could have been one of the early buyers probably a big winner know but couldn't buy because shiba inu started its journey on ETH chain. . . there are actually few others so I started looking for tokens running on BSC chain only..imagine.
It's true that the fees on the Ethereum network right now are very heavy on small players like you and like me, but I think this will only last for a while, we'll have Ethereum 2.0 with their full PoS in the future, based on what I've heard from people, the fees on the Ethereum network will be cheap with the new consensus.
With the current conditions on the Ethereum network, there are so many scam projects that are present on the BSC network, I hope you will not enter into scam projects that are on the BSC network.
I hope Ethereum 2.0 could lessen the struggle of most traders who want to save high fees. It has really been a burden especially for small-time traders and some got no choice but to switch to other network. Ethereum should really do something to fix it because this has been a huge problem for years.
The high Ethereum gas fees have really made most traders miss out on some important trade they should have taken but couldn't because the fees were too high, it was paying more than or almost the amount of tokens or coins you want to trade and I experience this too, I couldn't trade a particular token because the fee was almost the worth of the token and some I just did because I didn't have a choice. It is what it is with ETH gas fees now and I am trying to stay away from that network as possible. 😠
ETH fees have been very expensive since late 2019, with Ethereum 2.0, hope the gas costs can be reduced but in fact there is no change, there are a lot of coins in my wallet that have value but if they are sent to the exchange it doesn't have the end result that there is a loss. so I keep my tokens until the gas has decreased
The golden opportunity will come only once in your life and if you didn't gamble on it and you will never see another golden opportunity again like that. The ethereum fees at that time were still so cheap compared with this time. I will be saying the same not to sold my shiba inu too early when it would be mooning but you can't time travel to the when you have the intention to buy shiba inu from the market but the fees were preventing your todid it. Tokens on BSC will not have the same chance as shiba inu. BSC is full with shit scam tokens. Shiba inu got mentioned by elon and this is the key when it was so popular but what about BSC token?
It's not even verified run by the trusted developers. 90% chance of scam token.
They are not just unable to sell their coins on the ETH network, and this is sometimes simply impractical, the price of gas may exceed the value of the coin or equal it , and therefore other networks are preferable 
I know that some rich people don't care what ETH gas fee was saying in 2021 when BTC was surging but for me it cut me off some wonderful opportunities, the most painful one was shiba inu could have been one of the early buyers probably a big winner know but couldn't buy because shiba inu started its journey on ETH chain. . . there are actually few others so I started looking for tokens running on BSC chain only..imagine.
I've been waiting to be able to send ERC-20 tokens for a long time and hope the Ethereum gas price can go down, I think this is already unreasonable because the gas costs are very expensive, for those who transact with large values of course it's not a problem, and hopefully ETH2.0 will come answer all of these things.
It's true that the fees on the Ethereum network right now are very heavy on small players like you and like me, but I think this will only last for a while, we'll have Ethereum 2.0 with their full PoS in the future, based on what I've heard from people , the fees on the Ethereum network will be cheap with the new consensus...
I doubt that after the full implementation of Ethereum-2.0, the price of commissions will decrease so much that it will be equal to those that exist in alternative blockchains. After all, one of the essential components of the transaction cost is the price of ETH, which is now many times higher than the cost of coins in which the commission is paid on other blockchains.
.. there are actually few others so I started looking for tokens running on BSC chain only..imagine.
Have you bothered to think why the fees are significantly lower on the BSC chain? Apparently not, otherwise you would realize that the low fees come with a high risk. The BSC chain is centralized and completely controlled by Binance. As long as Binance is doing well everything is okay, but you are making yourself completely dependent on a company that is being eyed by many authorities worldwide.
they are big investors about the high cost of ETH gas is not a problem. only small investors feel the burden of ETH gas fees in every transaction. but I believe that very few small investors have been trading ETH in recent times. they focus more on BSC.
I also switched from Ethereum to alternative networks, I think only whales remained to trade on this network, who can easily say goodbye to $ 50-100 for 1 transaction or exchange.This should not last long, because we have been waiting for a transition update for a long time, and people are switching to alternative networks more and more, but ETH developers are not very concerned about this issue.
I know that some rich people don't care what ETH gas fee was saying in 2021 when BTC was surging but for me it cut me off some wonderful opportunities, the most painful one was shiba inu could have been one of the early buyers probably a big winner know but couldn't buy because shiba inu started its journey on ETH chain. . . there are actually few others so I started looking for tokens running on BSC chain only..imagine.
Some of the copy cat on bsc is really not worth it. Im not sure buy I think only catecoin is the closest that could get into shiba inu when we are talking about bsc memecoin. There are lots of project initialize but some of them turned out to be rug or didnt work at all. Maybe find some projects that are worth it is better than expecting on a memecoin. 
I know that some rich people don't care what ETH gas fee was saying in 2021 when BTC was surging but for me it cut me off some wonderful opportunities,
You should learn not to care with it if you are thinking that's the best chance to grab some promising tokens. It's not only you but you can imagine when you are wasting only $100 to pay the fees but you got billions of shiba inu in your pocket at the end of 2020. You can also calculate how much you will earn right now from there. that's why saying it's caused by ethereum fees that prevent you to buy shiba was a big mistake. the most painful one was shiba inu could have been one of the early buyers probably a big winner know but couldn't buy because shiba inu started its journey on ETH chain. . . there are actually few others so I started looking for tokens running on BSC chain only..imagine.
Learn from there and take your another opportunity with another token. Regreting it will never make it comes again. what you can do to search another potential coin like shiba inu. So many people have ever made mistake like you but they move on.
BSC is a good option but there’s a lot fake tokens there so better to be careful. The fees with ETH is not that high anymore, you just need to have a good timing when doing your transactions, many are still using ETH because of good projects under its network. The fees might be a problem but we all know, ETH will remain on top because no altcoins yet that can replace ETH.
ETH is currently still the king among other altcoins but due to the increase in transaction fees becoming more expensive it has made some people or investors switch to the BSC network for a while until transaction fees return to normal as in the previous year and if the problem cannot be overcome with the launch of Ethereum 2.0, it is not impossible if one day the ETH network will be abandoned by its users.
Eth fees is really not fair for all small investors to be honest and yes i agree that it will become a big problem because more small investors will gonna miss all the opportunity even in the future if ethereum didn't fixed the problem and of course there's a tends that a lot of people will jump to bsc in order to prevent paying massive fees.
The Ethereum miners are the cause of the high fees, they was a time last year when the gas fee was destroyed after sometime and the fees dropped on Ethereum network but, I don't know why their fees are increasing again. Although eth is my favourite altcoin despite the high fees it may not affect the bulk sellers. It's just not good to trade little funds using Ethereum.
I know that some rich people don't care what ETH gas fee was saying in 2021 when BTC was surging but for me it cut me off some wonderful opportunities, the most painful one was shiba inu could have been one of the early buyers probably a big winner know but couldn't buy because shiba inu started its journey on ETH chain. . . there are actually few others so I started looking for tokens running on BSC chain only..imagine.
Well that is the sad truth, those coins that started with ETH chain that really took off was painful if you don't buy early because of the exorbitant gas fees.
And up to now many are still complaining about it, but we can't do anything at this point. Although ETH devs they are doing some adjustments and all of that, us investors have missed a lot of opportunity because we don't want to spend that much money on the gas fees.
On my part, it cost me some money because there were tokens and coins that I could not just move easily into exchanges because the cost of doing so was then so high that I decided never to do it until the tokens and coins got no more value as of today. Then there is a bounty that I could not claim because the cost of claiming is double than the value of the tokens I am entitled to. Many people considered Vitalik Buterin as a genius and I think he really is just for coming up with Ethereum which turned out to be the next in line with Bitcoin but for failure to come up with workable remedy for the high gas problem I think he should think deeper and do it fast.
What is said is true too
People are getting more and more worried about Ethereum's high gas costs until now.
Like myself, I still want to sell my tokens from last year, but remember that gas is so expensive that's why until now I still keep my tokens.
Because it is also impossible for us to sell if it is only enough to cut the fee but there is no profit for us.
People are getting more and more worried about Ethereum's high gas costs until now.
Like myself, I still want to sell my tokens from last year, but remember that gas is so expensive that's why until now I still keep my tokens.
Because it is also impossible for us to sell if it is only enough to cut the fee but there is no profit for us.
Ethereum high gas fee has been a source of concern especially since late 2020 till date. For one reason or the other, as a crypto enthusiast you will need to interface with Ethereum or it's associated token in your crypto business. For that reason, I think we should focus on how to manage the gas fees since the gas fees fluctuates, until the new consensus, Ethereum 2.0 comes to life. One of the ways to manage the high gas fee is too observe the gas fee graphs to check the best time to execute transaction, be it - swapping, sending out Ethereum or the associated token. Apart from such unavoidable circumstances, you should target to use BSC network for your crypto deals and trades. For example, these links (https://crypto.com/defi/dashboard/gas-fees; https://blockchair.com/ethereum/charts/average-transaction-fee-usd?interval=1m) may be used to check when gas fee is low so as to carry out transaction. Some wallets, like Metamask can also display gas fees, when you want to carry out transaction. In such case, you monitor the fees and execute the transaction when the fee is low or within your budget.
That's very true. I was going to sell some of my altcoins/tokens but the total value of the tokens I have would only recover the total cost of the fee when you sell it. Even transferring tokens that runs on eth network would also cost you a lot. It really is heavy for small crypto enthusiast like me so, in the end I decided not to sell my tokens because if I sell it then it is the same as selling nothing. I managed to earn some eth when the gas fee is very low few years back and I could pay small amount for gas fee to buy, sell and trade tokens/altcoins.
this bottleneck in eth network gives a very good opportunity to other networks like bsc, sol, matic, ada and others to exploit this situation. which for me is actually good, as we are now seeing valuable projects even outside eth network. also, this will give more reason for eth dev team to fast track their progress in terms of reducing the gas fees.
small traders are affected by this gas fee problem. but right now, you can't do much but find alternative ways how to earn using other networks.
That's very true. I was going to sell some of my altcoins/tokens but the total value of the tokens I have would only recover the total cost of the fee when you sell it. Even transferring tokens that runs on eth network would also cost you a lot. It really is heavy for small crypto enthusiast like me so, in the end I decided not to sell my tokens because if I sell it then it is the same as selling nothing. I managed to earn some eth when the gas fee is very low few years back and I could pay small amount for gas fee to buy, sell and trade tokens/altcoins.
I know that some rich people don't care what ETH gas fee was saying in 2021 when BTC was surging but for me it cut me off some wonderful opportunities, the most painful one was shiba inu could have been one of the early buyers probably a big winner know but couldn't buy because shiba inu started its journey on ETH chain. . .
So, are you feeling sad caused by ethereum fees? if you can pay the fees for the a shiba transaction during that time and that's more enough to give you bunch of money to replace your transaction fees. I thought that you must not blame the fees at that time. If you have no doubt to buy it and you will not care with the fees in the ethereum network. I should remind you that. So many people who believe shiba would be moon didn't care about this too. Stop it and forget it. It will never make you come back at that time again. Life is going forward.
there are actually few others so I started looking for tokens running on BSC chain only..imagine.
too much shit scam token on BSC chain and i can't deny that if BSC chain has been using by almost all of shit scam token to launch their shitty token on BSC. that's why i avoid to deal with the BSC project these days coz many of them were shit token created by scammers.
BSC is a good option but there’s a lot fake tokens there so better to be careful. The fees with ETH is not that high anymore, you just need to have a good timing when doing your transactions, many are still using ETH because of good projects under its network. The fees might be a problem but we all know, ETH will remain on top because no altcoins yet that can replace ETH.
I know that some rich people don't care what ETH gas fee was saying in 2021 when BTC was surging but for me it cut me off some wonderful opportunities, the most painful one was shiba inu could have been one of the early buyers probably a big winner know but couldn't buy because shiba inu started its journey on ETH chain. . . there are actually few others so I started looking for tokens running on BSC chain only..imagine.
There are some incidents before of paying huge fees even if you are just going to send small money and that has been a big concern with ETH since then, but until now they haven’t found any solution with that. Its ok to look for alternatives but seriously many still prefer ETH for some reason, just look for good tokens on any network. 
I know that some rich people don't care what ETH gas fee was saying in 2021 when BTC was surging but for me it cut me off some wonderful opportunities, the most painful one was shiba inu could have been one of the early buyers probably a big winner know but couldn't buy because shiba inu started its journey on ETH chain. . . there are actually few others so I started looking for tokens running on BSC chain only..imagine.
It's true that the fees on the Ethereum network right now are very heavy on small players like you and like me, but I think this will only last for a while, we'll have Ethereum 2.0 with their full PoS in the future, based on what I've heard from people , the fees on the Ethereum network will be cheap with the new consensus.
With the current conditions on the Ethereum network, there are so many scam projects that are present on the BSC network, I hope you will not enter into scam projects that are on the BSC network.
I know that some rich people don't care what ETH gas fee was saying in 2021 when BTC was surging but for me it cut me off some wonderful opportunities, the most painful one was shiba inu could have been one of the early buyers probably a big winner know but couldn't buy because shiba inu started its journey on ETH chain. . . there are actually few others so I started looking for tokens running on BSC chain only..imagine.
It's okay, what's already there is already there. The problem with the fees have been there. And due to that you've missed the pump and that's really a sad overturn.As you're saying, you're already on your search for looking to those tokens that are into BSC. As long as it's supported with BSC and running into that blockchain or any other networks that have cheap fees, that's so much better.
I know that some rich people don't care what ETH gas fee was saying in 2021 when BTC was surging but for me it cut me off some wonderful opportunities, the most painful one was shiba inu could have been one of the early buyers probably a big winner know but couldn't buy because shiba inu started its journey on ETH chain. . . there are actually few others so I started looking for tokens running on BSC chain only..imagine.
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