Reason why you hold Ethereum

[dekafee79]

ETH does have a very high value compared to SOL or other altcoins, but the problem with the ETH network is the shipping costs if we buy ETH from an exchange and will send it to a personal wallet and vice versa, the shipping costs are too high in my opinion, that's why people who really own ETH are those who invest in the long term.
just my opini about my reason

I think it is normal if ETH has higher price. ETH becomes the most popular altcoin for many years. ETH also has the biggest community or holders, many projects also made their smart contract in Ethereum network. So, it is very reasonable if ETH has quite high price. However, it looks not improving quickly again recently due to the problem of fee gas (transfer fees). People prefer to use SOL, TON, or other crypto platforms. But I think Vitalik will always try to get the solution of this problem.

Actually, the gas fee from ethereum has started to go down, although it is not as cheap as the solana and TON networks, but this is already a good thing that the ethereum team has done. Vitalik always thinks about their problems, and we know that ethereum has been the most popular network for years. and the competition in the network is getting tighter between ethereum, BSC, slana and TON.jm

[$crypto$]

Actually, the gas fee from ethereum has started to go down, although it is not as cheap as the solana and TON networks, but this is already a good thing that the ethereum team has done. Vitalik always thinks about their problems, and we know that ethereum has been the most popular network for years. and the competition in the network is getting tighter between ethereum, BSC, slana and TON.jm

Yes, they must realize that this is a disadvantage, because for small investors the gas fees they offer are so high. They are one of the most popular networks, there is no doubt about that.

Ethereum is a network that is in high demand, it is proven that they are a very popular coin and are the top coin, besides bitcoin. Many people hope that they can lower the gas fees, I think that is what they are thinking too.

[doc]

Actually, the gas fee from ethereum has started to go down, although it is not as cheap as the solana and TON networks, but this is already a good thing that the ethereum team has done. Vitalik always thinks about their problems, and we know that ethereum has been the most popular network for years. and the competition in the network is getting tighter between ethereum, BSC, slana and TON.jm

Yes, they must realize that this is a disadvantage, because for small investors the gas fees they offer are so high. They are one of the most popular networks, there is no doubt about that.

Ethereum is a network that is in high demand, it is proven that they are a very popular coin and are the top coin, besides bitcoin. Many people hope that they can lower the gas fees, I think that is what they are thinking too.

Yes, Ethereum gas fee has started to get low, if I read the info from my friends here because I haven't made any transactions with Ethereum in the last few months, I prefer BSC. So I think the Vitalik team is also trying to improve the problem of Ethereum's gas fee which is known to be expensive, because currently there are many network options if the Ethereum team doesn't immediately solve their problems then Ethereum will slowly be abandoned as a smart contract platform.

[MrSpasybo]

Actually, the gas fee from ethereum has started to go down, although it is not as cheap as the solana and TON networks, but this is already a good thing that the ethereum team has done. Vitalik always thinks about their problems, and we know that ethereum has been the most popular network for years. and the competition in the network is getting tighter between ethereum, BSC, slana and TON.jm

Ethereum gas fees have recently surged, with users now paying upwards of 10 Gwei, and in some cases nearly 50 Gwei, per transaction. The renewed vitality of the Ethereum ecosystem has driven this increase, making it significantly more expensive than many other blockchains.

However, this has seemingly never been a deterrent for Ethereum, perhaps due to its reputation as a blockchain primarily used by high-net-worth individuals. In fact, this surge might even be seen as positive news, as it will lead to a higher burn rate of ETH, a deflationary asset. This increased burning could potentially fuel further price appreciation and generate greater returns for investors.

[Report]

If I choose Ethereum to invest, it is because Ethereum is a coin that many people are interested in and is ranked number 2, so I do not hesitate to invest in Ethereum. Everyone will also definitely choose a coin with good fundamentals like Ethereum to make their investment funds safer. Ethereum may not be a scam but what is certain is the decline in the price of Ethereum itself, for example, I buy Ethereum for 3,000 dollars and 3 weeks later the price drops to 2,000 dollars, this is still safe because Ethereum is a coin for the long term.

[$crypto$]

Yes, they must realize that this is a disadvantage, because for small investors the gas fees they offer are so high. They are one of the most popular networks, there is no doubt about that.

Ethereum is a network that is in high demand, it is proven that they are a very popular coin and are the top coin, besides bitcoin. Many people hope that they can lower the gas fees, I think that is what they are thinking too.

Yes, Ethereum gas fee has started to get low, if I read the info from my friends here because I haven't made any transactions with Ethereum in the last few months, I prefer BSC. So I think the Vitalik team is also trying to improve the problem of Ethereum's gas fee which is known to be expensive, because currently there are many network options if the Ethereum team doesn't immediately solve their problems then Ethereum will slowly be abandoned as a smart contract platform.

It may be true that if they cannot compete in gas fees then they will be slowly abandoned, but not completely abandoned, they may only lose some of the small investors who choose to switch to networks with lower fees.

But when we see that they are still at high costs, they can actually still compete. Well, if they can lower it even more, this will benefit them in my opinion because people who were previously hesitant because they saw the gas fees, after they went down they will no longer hesitate.

[LogitechMouse]

Actually, the gas fee from ethereum has started to go down, although it is not as cheap as the solana and TON networks, but this is already a good thing that the ethereum team has done. Vitalik always thinks about their problems, and we know that ethereum has been the most popular network for years. and the competition in the network is getting tighter between ethereum, BSC, slana and TON.jm

Ethereum gas fees have recently surged, with users now paying upwards of 10 Gwei, and in some cases nearly 50 Gwei, per transaction. The renewed vitality of the Ethereum ecosystem has driven this increase, making it significantly more expensive than many other blockchains.

However, this has seemingly never been a deterrent for Ethereum, perhaps due to its reputation as a blockchain primarily used by high-net-worth individuals. In fact, this surge might even be seen as positive news, as it will lead to a higher burn rate of ETH, a deflationary asset. This increased burning could potentially fuel further price appreciation and generate greater returns for investors.

I did look at the current gas fees on Ethereum on etherscan.io and it's around $0.93 (Low) to $1.02 (High).
I mean if you will ask those who paid very high gas fees in the past, this is already very low, but compared to those L2's out there, this is the most expensive one.

We know that when there's something that's on hype that's under ETH blockchain, gas fees will go up again like what happened in the past. Currently, not that much is happening around Ethereum hence, we are seeing a decrease in gas fees. As for me, I would rather use other L2's out there than Ethereum just because of the lower transaction fees. What's surprising me is that, there are still people who are still using Ethereum for transaction for some unknown reasons (at least I don't know the reason to it).

Seeing it's transaction fees surge might be a good thing because more ETH will be burned, but it will not be attractive especially to those average investors who wants to make a transaction with the lowest fees as possible.

[alltalk]

Actually, the gas fee from ethereum has started to go down, although it is not as cheap as the solana and TON networks, but this is already a good thing that the ethereum team has done. Vitalik always thinks about their problems, and we know that ethereum has been the most popular network for years. and the competition in the network is getting tighter between ethereum, BSC, slana and TON.jm

If we compared the gas fees in October 11 and 14, the current gas fees is lower. The current gas fees is below 15 Gwei, meanwhile those days the gas fees were above 20 Gwei. However, it is true that the Gas fees of Ethereum isn't as cheap as Solana, TON, Tron, or other networks. But the current Gas fees look a more reasonable, it may be getting lower again in the future. I just hope that Vitalik will be more serious to find out the solution of high Gas fees on Ethereum network.


Current Gas fees



Historical Oracle Gas Prices in last 7 days



Reference: https://etherscan.io/gastracker

[lombok]

Actually, the gas fee from ethereum has started to go down, although it is not as cheap as the solana and TON networks, but this is already a good thing that the ethereum team has done. Vitalik always thinks about their problems, and we know that ethereum has been the most popular network for years. and the competition in the network is getting tighter between ethereum, BSC, slana and TON.jm

If we compared the gas fees in October 11 and 14, the current gas fees is lower. The current gas fees is below 15 Gwei, meanwhile those days the gas fees were above 20 Gwei. However, it is true that the Gas fees of Ethereum isn't as cheap as Solana, TON, Tron, or other networks. But the current Gas fees look a more reasonable, it may be getting lower again in the future. I just hope that Vitalik will be more serious to find out the solution of high Gas fees on Ethereum network.


Current Gas fees



Historical Oracle Gas Prices in last 7 days



Reference: https://etherscan.io/gastracker

There is another trend that can be seen from the above data, that is, the recent fall for gas fee fee back to the 15 Gwei level is beneficial to the transaction, which is significantly lower than the October 11th and the 14th’s over 20Gwei transaction fees. This expresses downwards potential compared to other networks such as Solana, TON, and Tron even though Ethereum still charges higher gas fees compared to these networks. If this remains the case, it will not be shocking to expect even lower fee rates in the future, further making Ethereum network more accessible to users. We also expect Vitalik and the team will work on this issue and address it with better solutions that will go along way in helping with adoption.

[ZAINmalik75]

Yes, they must realize that this is a disadvantage, because for small investors the gas fees they offer are so high. They are one of the most popular networks, there is no doubt about that.

Ethereum is a network that is in high demand, it is proven that they are a very popular coin and are the top coin, besides bitcoin. Many people hope that they can lower the gas fees, I think that is what they are thinking too.

The Ethereum network can never lower the fees as low as BSC, Solana, and Ton provide us. Ton is almost free for making transactions. ETH is going to be expensive for my whole life unless they were talking about some update to lower the transaction fee but even if the update comes the transaction will never go as low as ton.

Transaction fee is also a good factor in controlling the spam on the network like Solana and BSC there are fewer spam projects built on the ETH network but nowadays they are also increasing and I doubt if the fee becomes more lower than the spam will increase more.

[babo]

I think that Ethereum has had a very important innovative push with smart contracts
the problem is that something in terms of design doesn't work

we switched to PoS which was supposed to solve the fee problems and we still have fee problems
Honestly, if i realy have to use Ethereum,  use Arbitraum or Optimism on the network

[UNIVERSE]

The Ethereum network can never lower the fees as low as BSC, Solana, and Ton provide us. Ton is almost free for making transactions. ETH is going to be expensive for my whole life unless they were talking about some update to lower the transaction fee but even if the update comes the transaction will never go as low as ton.

Ethereum transfer fees may be not as cheap as the transfer fees of Solana, Tron, BSC, or Polygon. But the transfer fees of Ethereum isn't very expensive anymore. I think the transfer fees is quite reasonable, Vitalik already tried to lower the fees. This problem has been discussed many times, we know how the progress of Ethereum fees. At least, it is not very expensive again, we must give the appreciation to Ethereum developer. Anyway, how cheap the fees that you expect? 

[enoch_from_off]

The Ethereum network can never lower the fees as low as BSC, Solana, and Ton provide us. Ton is almost free for making transactions. ETH is going to be expensive for my whole life unless they were talking about some update to lower the transaction fee but even if the update comes the transaction will never go as low as ton.

Ethereum transfer fees may be not as cheap as the transfer fees of Solana, Tron, BSC, or Polygon. But the transfer fees of Ethereum isn't very expensive anymore. I think the transfer fees is quite reasonable, Vitalik already tried to lower the fees. This problem has been discussed many times, we know how the progress of Ethereum fees. At least, it is not very expensive again, we must give the appreciation to Ethereum developer. Anyway, how cheap the fees that you expect? 

Maybe people want to see them on SOL level..

[$crypto$]

snip

The Ethereum network can never lower the fees as low as BSC, Solana, and Ton provide us. Ton is almost free for making transactions. ETH is going to be expensive for my whole life unless they were talking about some update to lower the transaction fee but even if the update comes the transaction will never go as low as ton.

Transaction fee is also a good factor in controlling the spam on the network like Solana and BSC there are fewer spam projects built on the ETH network but nowadays they are also increasing and I doubt if the fee becomes more lower than the spam will increase more.

It doesn't have to be as low as the network mentioned, but it can be lower and also more stable. Because in some of my experiences, I had to wait first until the cost was cheaper.

But I also agree with you, this can also be a good controller in controlling spam from fraudsters. And indeed from the beginning this is also a more positive thing of course, because in a lower network there are more fraudsters roaming around.

[ZAINmalik75]

Ethereum transfer fees may be not as cheap as the transfer fees of Solana, Tron, BSC, or Polygon. But the transfer fees of Ethereum isn't very expensive anymore. I think the transfer fees is quite reasonable, Vitalik already tried to lower the fees. This problem has been discussed many times, we know how the progress of Ethereum fees. At least, it is not very expensive again, we must give the appreciation to Ethereum developer. Anyway, how cheap the fees that you expect?   

We must appreciate what has been already done to control the transaction fees and I don't want it to be as low as Solana, Tron or any other network I was pointing out just that ETH's fee will never be as low as Ton or Solana.

The main problem I face is the transaction fee on centralized exchanges when we withdraw otherwise sending ETH from the main network to another wallet is not expensive Besides all the fees if exchanges also minimize the withdraw fee then I would love that