Expensive Transaction fees in Both Bitcoin and Ethereum are sign of failure!

[trauchot]

Of course, I completely agree with you, so I try to make cryptocurrency transactions through the Ethereum blockhain as little as possible, because it is too expensive, but there are times when you have to make transfers and need spend a lot of money on transfer fees and I don't think this problem will be solved soon.

[bigcash2011]

Absolutely, it is and it is one of the main reasons why crypto is still not everywhere but if we look at it positively it means that there is intense growth in demand and use of these coins causing congestion in network so fee is high, this also indicates we are in a bullish market and price of these two assets is set to moon.

[Fivestar4everMVP]

My fearless opinion is that ethereum should better do something about its blockchain fees and they should do it really fast if not, they are gonna lose a lot of users including myself, am highly pissed with how much i lost recently on ethereum fees and have sworn to stay away from anything or any coin or token that will require me spending eth for gas, if something is not done about the fees, its going to affect alot of erc20 tokens cus no one would want to buy them cus of high fees, and this might force them to move to other chains.

[pealr12]

I think they will fix it soon. Because this problem cannot continue for so long, they will lose their holders so soon. This is my personal opinion. But I still respect Ethereum.

Lol, don't be deceived, they will keep saying soon and you will fund yourself paying high transaction fee for years, there is no need to be waiting for one network to get their act together when others which are much cheaper are available,  it doesn't make sense, blockchain is about exploring new opportunities and not be stuck in one place.

[tonymillions84]

i can feel the rage and anger burning deep inside you but there is nothing you and i can do about it. currently. ethereum is build for the rich and whales that can move millions of dollars of assets and happily pay 200 to 300usd as gas fees and feel nothing wrong about it. i am sure that some whales are comfortable with this huge fees and wish that it has no ends.

[sidik7]

there are lots of traders who complain a little because the transaction fees on ethereum and bitcoin are quite high, this needs to be fixed in terms of transaction fees fear that many will move to other coins that have cheaper transaction fees and faster confirmation.

[Fakhrulenclix]

I think they will fix it soon. Because this problem cannot continue for so long, they will lose their holders so soon. This is my personal opinion. But I still respect Ethereum.

Make sense and im one of the investor that stop invest in Bitcoin and Ethereum. I also stop buy the ERC20 token. I decide to invest for long term but to withdraw from exchanges is not worth it because of the fee. My alternative investment is TRX and trx token, BCS and token and other coins that provides cheap gas fee

[Alter]

I am aware of the high transaction fees in crypto currently, especially for Bitcoin and Ethereum. However, it doesn't mean a failure, the expensive fees should be fixed soon. People must feel uncomfortable if the expensive fees for the transactions to continue for a long time. So, don't worry, mate. 

[Fakhrulenclix]

I am aware of the high transaction fees in crypto currently, especially for Bitcoin and Ethereum. However, it doesn't mean a failure, the expensive fees should be fixed soon. People must feel uncomfortable if the expensive fees for the transactions to continue for a long time. So, don't worry, mate.

If you think doesn't mean a failure, then what?? You know why people in crypto? because of financial freedom. Do you think financial freedom in Bitcoin and Ethereum? You should choose another coin.. and I'm already moving on from both and I will come back after they fix it

[Quart]

Actually, the fees are quite normal if compared with the price of every coin or token right now. Will you still say expensive when the fee is around 3$ when the price of BTC is only $10k. And now, for example, the fee is around 7$ when the price of BTC is 5 times higher than $10k, that is fair

[Fakhrulenclix]

Actually, the fees are quite normal if compared with the price of every coin or token right now. Will you still say expensive when the fee is around 3$ when the price of BTC is only $10k. And now, for example, the fee is around 7$ when the price of BTC is 5 times higher than $10k, that is fair

Do you think people always sent 1BTC, sometimes we want to send 0,05, 0,005. 0.0005.

What about poor people?? Are they have $10K, maybe they only have $100 or $1000 and the fee is robbing him, what about many bounty hunters who wants to sell their token for less than $100 but the fee is $10+?? worth it??

[Jaephoenix]

I don't think its a sign of failure, after all the blockchain itself is not doing badly both financially and technologically. The plan of action is to source for ideas to reduce the irritatingly high transaction fees. Like Binance Smart Chain is doing

[H2O]

High excessive Ethereum and bitcoin network fees which affected badly . We can't transfer any ERC 20 based assets due to high excessive amounts of Ethereum network fees. Today I already transferred my ERC 20 assets with fee's of 43 dollars. That a lots of fees for me .

[Crypto Guard]

With high transaction fees, this indeed makes many players feel uneasy. High prices result in higher transaction costs as well. This is very influential for a small player like me. really unsettling.

[Freemind]

That is the biggest problem of all, for the whales the fees will be important, but it will be a minor problem, for the small fish like me, the transaction fees are insane and it prevents us from being able to improve in trade and in making profits. And I really hope that with the launch of ETH 2.0 this will be fixed, because as the value of Ethereum keeps going up and the fees keep going up as well, I don't know where we will go.