Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: tonymillions84 on February 08, 2021, 01:39:08 AM
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Yes the ethereum CMC is going live tomorrow monday 8th of feb and many people are skeptical about the price movement of ethereum. whether it will dump or pump. i will say and will always maintain my stand that the current gas price hike is the reason why ethereum is not moving pass the 2000 dollar mark. untill that issue is settle. we will then see ethereum making huge move.
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Actually it is like a cycle, the more that Ethereum rise in price, the more that the gas fees are increasing. I am not sure though if it is the same thing the other way around. Well, as of now, the Ethereum network still has to see the many supposed gains from its Ethereum 2.0 updates - though I understand that this upgrade is not done one-time but in phases, so maybe there can be more that will finally inflict a stop signal to this excruciating gas fee rise. This problem must be fixed as this is actually a big insult to cryptocurrency - we are not supposed to be paying a big chunk of money just to move digital assets.
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ETH is constantly becoming valuable. The popularity is constantly increasing. So investors should wait. ETH is one of the best currencies. So prices are likely to rise. Will hit at $2k very soon. Perhaps this will be a great result. However, the increase in gas fee has moved every bounty hunter. Have to wait We certainly hope for better results. Likely to reduce gas fee.
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I am looking forward to this sensation. And I hope that the gas price will be much lower than at the moment. Because it's really bad when the commission is so huge.
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Until there is no improvement in the transaction speed of Ethereum, I hope that the price of Ethereum will still be around $700, which will allow me to use Ethereum more frequently for transactions. The current cost is really high. Can not afford.
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Crazy, up to 12 USD for any one transaction on the Ethereum platform and the total cost in 1 hour is up to 3.5 million USD. Just like this for a few more months, users will be forced to switch to DeFi applications on Cardano or TRON. We don't see the Ethereum team say anything about this problem, thought it was strange, at least they should express their opinion or suggest something about the future capacity of Ethereum…
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craziest fee among all cryto currency platform! I hope ethereum dev team will do something to lower down the fees. Many users are not happy with this huge increase of gas fee in the ethereum network and many think to switch to other blockchain platform.
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I can't tell the future but I feel if this Ethereum has fee keeps going up at some point investors will stop using ETH, cause at the money Ethereum team are still from the entire public taking a whooping $14 per transaction is just so unfair, the other day I was planning to move 95 ERC-20 usdt, but up till now I can't move it even when I have $8 worth of Eth cause the gas fee is still high, I wait for midnight last night (2am this morning) the gas fee was still about $14 , we need eth 2.0 now more than ever, I'm afraid to reward bounty rewards in eth now because of the high fees needed now.
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craziest fee among all cryto currency platform! I hope ethereum dev team will do something to lower down the fees. Many users are not happy with this huge increase of gas fee in the ethereum network and many think to switch to other blockchain platform.
Those projects that are in high demand in society, have high trading turnover rates per day, and also have the value of their coins at an appropriate level, which will not feel infringed due to the high commission on the Ethereum network. you only need to worry about a bad project, whose coins are much cheaper than the commission.
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Im out to become Ethereum holders, The fee is big problem for me, I better invest in BNB rathen than Ethereum..
untill that issue is settle. we will then see ethereum making huge move.
Im with you..
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I believe it is all because of the traffic that ethereum has due to the transactions demand we don't have something for ethereum to change it's own way. I think it is good to find other type alternative way or just wait. Also the price of transaction fee does not affect the uptrend movement of the price of ethereum.
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Yes the ethereum CMC is going live tomorrow monday 8th of feb and many people are skeptical about the price movement of ethereum. whether it will dump or pump. i will say and will always maintain my stand that the current gas price hike is the reason why ethereum is not moving pass the 2000 dollar mark. untill that issue is settle. we will then see ethereum making huge move.
Whatever they want to air to the public, I really hope they will give an estimated date for eth2.0.
To be sincere, this gas fee price hike is insane and I can't even cope with this huge price movement.
I hope in the future, we can see price of $1 or scent fee
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Unfortunately, high gas prices are our reality and at the moment nothing can be done about it. In the current conditions, it happens that you once again think about whether it is worth sending tokens to the exchange, because the commission "will eat a big piece of the pie"
Other Side of the Moon Ethereum :-\
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That's right, the gas problem is the main one. ethereum should have set a benchmark for the gas used for token transfers when the price went up as it is today, many people complained about the high gas increase. If this problem can be resolved quickly, maybe there will be a lot of people who transact with Ethereum and can increase the price of Ethereum when it changes to Ethereum 2.0
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Ethereum can pump huge for ethereum 2.0.
Maybe something big news coming for eth holders. I believe eth will ne more popular blockchain for ethereum 2.0
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craziest fee among all cryto currency platform! I hope ethereum dev team will do something to lower down the fees. Many users are not happy with this huge increase of gas fee in the ethereum network and many think to switch to other blockchain platform.
It's if it comes to that way and if it is not I hope that there will be a competitive ethereum like that will replace it from being a top one altcoins. I am sometimes sick in this kind of ethereum way because aside from the profit they get from the investors they also earning in every transaction from the community.
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I totally agree with you mate, high gas fee have been the reason my eth is still lagging behind in this bull market, a few days ago, i lost $150 usd on gas fees when trying to buy a token on uniswap, the most annoying part was that i didnt end up buying the token cus of multiple failed transactions, this was how i lost $150 usd on fees for nothing, i swore never to transact on ethereum blockchain again until something is done about the high fees.
If this issue of high fees is not fixed, personally, i dont see any better tomorrow for ether.
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Eth can very well hit $2000 much sooner than we anticipated, now it seems btv is also back into the game, recoding another ath today, from the look of things the market is very bullish and can probably continue for some time, eth will probably go above the predicted amount.
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craziest fee among all cryto currency platform! I hope ethereum dev team will do something to lower down the fees. Many users are not happy with this huge increase of gas fee in the ethereum network and many think to switch to other blockchain platform.
It's if it comes to that way and if it is not I hope that there will be a competitive ethereum like that will replace it from being a top one altcoins. I am sometimes sick in this kind of ethereum way because aside from the profit they get from the investors they also earning in every transaction from the community.
There is an alternative, but it is too late a lot of projects based on Ethereum. They just won't be able to switch to another blockchain, we need to wait and not spend anything))
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Eth can very well hit $2000 much sooner than we anticipated, now it seems btv is also back into the game, recoding another ath today, from the look of things the market is very bullish and can probably continue for some time, eth will probably go above the predicted amount.
Yes, I think the market will bullish. We all see bitcoin is going strong again now and touched 43K USD. Current ethereum price is $ 1,700. It is a good sign for the market. I believe we will see altcoins will go up.
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Eth can very well hit $2000 much sooner than we anticipated, now it seems btv is also back into the game, recoding another ath today, from the look of things the market is very bullish and can probably continue for some time, eth will probably go above the predicted amount.
Yes, I think the market will bullish. We all see bitcoin is going strong again now and touched 43K USD. Current ethereum price is $ 1,700. It is a good sign for the market. I believe we will see altcoins will go up.
Now the cryptocurrency market is growing amid the fact that Tesla announced an investment of $ 1.5 billion in bitcoin and that it intends to use bitcoin as a means of payment. After that, the bitcoin price rose sharply by $ 4000-5000. However, the rise in prices will not stop there. An impulse for growth is given and further the cryptocurrency will grow by inertia. Ethereum will surely follow Bitcoin. Therefore, we will soon be able to see its price of $ 2000.
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I also think the problem of overly high transaction costs (MED GAS PRICE = 160 Gwei = $5.73) is hindering Ethereum's price rise and leaving the target of $2k still quite far away. While the Ethereum team continues to be quiet on the matter and causes the Ethereum community to pay up to $3.5M an hour in transaction fees, I am afraid that the bullrun of the crypto market will be over that Ethereum cannot get the breakout needed to conquer expected prices like $2K - $5K - $10K.
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I think we remember when etherum price was $200 dollars in the crypto market,many people where saying that etherum may not not actually made it to the top while some are giving up etherum, but unknownly to us that the price of will shoot up in the late end of 2020 down to this date in the year 2021 that's showing that the future of etherum holds something good and more is to come.
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High transaction prices cause negative attitudes towards Ethereum, because it is too expensive and there are already alternatives to work with. Ethereum is growing following bitcoin, and maybe soon we will see $ 2K, because it feels like bitcoin is just accelerating.
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As for the gas, I have not understood anything yet. How does ether relate to gas prices? Can you tell us more about this fact? Is Ethereum closely related to the price of gas? Or directly?
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I totally agree with you mate, high gas fee have been the reason my eth is still lagging behind in this bull market, a few days ago, i lost $150 usd on gas fees when trying to buy a token on uniswap, the most annoying part was that i didnt end up buying the token cus of multiple failed transactions, this was how i lost $150 usd on fees for nothing, i swore never to transact on ethereum blockchain again until something is done about the high fees.
If this issue of high fees is not fixed, personally, i dont see any better tomorrow for ether.
I think the price is too high. Ethereum should not be expensive, otherwise others will come in its place. The same BNB with its small commissions. I agree that ethereum was the first coin on which the blockchain began to make smart contracts. But he has other projects behind him. I think the community will soon switch to other coins.
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I think Ethereum will have a great future, as it is already moving towards the 2k$ mark, and may even be able to break the 3k$ mark this year.
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I totally agree with you mate, high gas fee have been the reason my eth is still lagging behind in this bull market, a few days ago, i lost $150 usd on gas fees when trying to buy a token on uniswap, the most annoying part was that i didnt end up buying the token cus of multiple failed transactions, this was how i lost $150 usd on fees for nothing, i swore never to transact on ethereum blockchain again until something is done about the high fees.
If this issue of high fees is not fixed, personally, i dont see any better tomorrow for ether.
I think the price is too high. Ethereum should not be expensive, otherwise others will come in its place. The same BNB with its small commissions. I agree that ethereum was the first coin on which the blockchain began to make smart contracts. But he has other projects behind him. I think the community will soon switch to other coins.
It should be remembered that the high price for transactions on the ethereum network arose due to the heavy load on it, that is, in fact, due to the desire of a large number of new projects to use this platform. Now this network is being completely renewed, its renewal is divided into several stages and is designed for about two years. Therefore, in this certainly difficult time for ethereum, Buterin and his team cannot stop everything and deal only with the problem of high transaction fees. This would disrupt the entire update process. Therefore, we need to understand this problem with understanding and wait until this problem is systematically solved during the implementation of Ethereum 2.0.
I believe in ethereum and hold these coins.
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Im out to become Ethereum holders, The fee is big problem for me, I better invest in BNB rathen than Ethereum..
untill that issue is settle. we will then see ethereum making huge move.
Im with you..
I think you decided wisely. Ethereum transaction payment is terrifying even you just withdraw a penny they will ask you to pay bigger than your withdrawal. While in Binance they have a minimum affordable payment. More and more people from Ethereum are shifting to Binance to invest and use their blockchain.
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yes it is true that if the gas problem is resolved etherum will definitely continue to pum and it is very easy to get past $ 2000, to get past $ 2000 etherum requires retailers that can make etherum past $ 2000
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ETH is constantly becoming valuable. The popularity is constantly increasing. So investors should wait. ETH is one of the best currencies. So prices are likely to rise. Will hit at $2k very soon. Perhaps this will be a great result. However, the increase in gas fee has moved every bounty hunter. Have to wait We certainly hope for better results. Likely to reduce gas fee.
The price of ethereum has hit 2000$ today. I think this is good news for all investors and holders. Many of us thought that maybe the price of ethereum would not go up anymore but could be dumping . Since Ethereum has hit 2000,$ I think very soon it could be priced at 2500$.
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Ethereum has grown and will continue to grow, because today it is the largest ecosystem of projects with working products, the closer the decrease in commissions, the higher the expectation and the stronger the growth! Before this event, the mood for ETH is bullish, 3000 we will meet with a large commission!
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Ethereum is a valuable coin in the market forever. Ethereum is much more popular than other cryptocurrency coins.After Bitcoin, Ethereum is the site where people invest the most. Currently, the price of this etherium is increasing a lot. Even yesterday, the price of Ethereum was around 2000.So in my opinion maybe after a few days the roots of etherium will grow more.