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Author Topic: Reason why you hold Ethereum  (Read 67359 times)

Offline ZAINmalik75

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Re: Reason why you hold Ethereum
« Reply #450 on: November 02, 2024, 04:43:38 PM »
For the ETH network, it can be said that it remains the most expensive among other altcoins, and indeed when withdrawing on exchanges in the ETH network it is still expensive, which is what many of me avoid.

I don't do many transactions on the TON network, are the transactions faster because of free fees?

If you only send ETH it is cheaper, but if you have sent tokens in ETH then the fee will be even more expensive, this is what is still being complained about until now.
The $3 shipping fee is still worth it to me.
It is the most expensive network when it come to make transaction fee among all alts. I searched and did not find any other token charging more than. ETH is expensive and some avoid it but if a user have an alternative then they will use it rather than using ETH.

Transactions on Ton are not so fast but they can take upto 30 minutes sometimes when withdrawing from centralized exchanges. If we send from one ton wallet to another the speed will be faster.

I did not get this concept that if we send ETH on ETH mainnet the fee will be higher? $3 is enough fee but this will force people to make as less transactions as possible.
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Re: Reason why you hold Ethereum
« Reply #450 on: November 02, 2024, 04:43:38 PM »

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Offline rizqillah

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Re: Reason why you hold Ethereum
« Reply #451 on: November 03, 2024, 12:28:39 PM »
For the ETH network, it can be said that it remains the most expensive among other altcoins, and indeed when withdrawing on exchanges in the ETH network it is still expensive, which is what many of me avoid.

I don't do many transactions on the TON network, are the transactions faster because of free fees?

If you only send ETH it is cheaper, but if you have sent tokens in ETH then the fee will be even more expensive, this is what is still being complained about until now.
The $3 shipping fee is still worth it to me.
It is the most expensive network when it come to make transaction fee among all alts. I searched and did not find any other token charging more than. ETH is expensive and some avoid it but if a user have an alternative then they will use it rather than using ETH.

Transactions on Ton are not so fast but they can take upto 30 minutes sometimes when withdrawing from centralized exchanges. If we send from one ton wallet to another the speed will be faster.

I did not get this concept that if we send ETH on ETH mainnet the fee will be higher? $3 is enough fee but this will force people to make as less transactions as possible.
ETH gas fee is very high, this is what makes investors switch to other networks such as solanan, BSC and TON.
One thing I worry about is that ethereum's popularity will be eroded and abandoned by many investors because of the expensive gas fee. Although currently ethereum's popularity is still high but we don't or if ethereum dev doesn't improve its project, it will likely be replaced by other cheaper networks.

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Re: Reason why you hold Ethereum
« Reply #451 on: November 03, 2024, 12:28:39 PM »

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Offline bounceback

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Re: Reason why you hold Ethereum
« Reply #452 on: November 03, 2024, 05:47:30 PM »
ETH gas fee is very high, this is what makes investors switch to other networks such as solanan, BSC and TON.
One thing I worry about is that ethereum's popularity will be eroded and abandoned by many investors because of the expensive gas fee. Although currently ethereum's popularity is still high but we don't or if ethereum dev doesn't improve its project, it will likely be replaced by other cheaper networks.
Expensive gas fees have advantage with most of Ethereum network coins less scam than other network such as Solana, BSC and TON easily get drop or become scam coins. I don't think the investor will leave the Ethereum network coins due high fees because many top project and success as the Ethereum network.
But nowadays the ethereum gas fees have flexible without keep at higher fees every time, some moment we can see Ethereum network have lower fees exactly without busy traffic.

Offline alltalk

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Re: Reason why you hold Ethereum
« Reply #453 on: November 03, 2024, 11:59:22 PM »
ETH gas fee is very high, this is what makes investors switch to other networks such as solanan, BSC and TON.
One thing I worry about is that ethereum's popularity will be eroded and abandoned by many investors because of the expensive gas fee. Although currently ethereum's popularity is still high but we don't or if ethereum dev doesn't improve its project, it will likely be replaced by other cheaper networks.
ETH gas seems quite cheap currently. Have you checked the gas price today?


source: https://etherscan.io/gastracker

I think, it is wrong if you stated ETH gas is expensive. It is cheap enough, even if it is still higher than the transaction fees on the network of BSC, Tron, Solana, or Polygon.

How you claimed that investors have abandoned Ethereum network?
Even if Ethereum network may not be as popular as Solana network or Ton Network nowadays, it doesn't mean Ethereum network is no longer popular among crypto users.

By the way, I personally never think that there is another platform that can replace Ethereum.  8)

« Last Edit: November 04, 2024, 12:05:57 AM by alltalk »
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Offline babo

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Re: Reason why you hold Ethereum
« Reply #454 on: November 04, 2024, 11:20:11 AM »
~~~
By the way, I personally never think that there is another platform that can replace Ethereum.  8)

I don't worry about it anymore, I just use arbitrarium or optimism and that's it
I live peacefully, I pay few fees and I no longer get angry with ethereum
 
do this too, why pay more fees if you can pay fewer? after all, we have the tools to be able to do it... let's use them!   
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Offline MRY

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Re: Reason why you hold Ethereum
« Reply #455 on: November 05, 2024, 10:25:46 PM »
ETH gas fee is very high, this is what makes investors switch to other networks such as solanan, BSC and TON.
One thing I worry about is that ethereum's popularity will be eroded and abandoned by many investors because of the expensive gas fee. Although currently ethereum's popularity is still high but we don't or if ethereum dev doesn't improve its project, it will likely be replaced by other cheaper networks.
Expensive gas fees have advantage with most of Ethereum network coins less scam than other network such as Solana, BSC and TON easily get drop or become scam coins. I don't think the investor will leave the Ethereum network coins due high fees because many top project and success as the Ethereum network.
But nowadays the ethereum gas fees have flexible without keep at higher fees every time, some moment we can see Ethereum network have lower fees exactly without busy traffic.
I think The high gas fees in Ethereum come with the extra benefit because of the focus on security and quality of the work of projects being built on ETH. Coins rated on this network are less fraudulent, it has a lower rate compared to many other networks which are a common target for fake projects.

In recent years, Ethereum has evolving its technology, reducing the gas fees it charges as more affordable without compromising the performance or security of the services. If further improvement is set in motion then the network can facilitate a more seamless transaction and therefore creates the platform Ethereum needs to remain the ideal choice for buyers and developers.

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Re: Reason why you hold Ethereum
« Reply #456 on: November 07, 2024, 11:31:17 PM »
ETH gas fee is very high, this is what makes investors switch to other networks such as solanan, BSC and TON.
One thing I worry about is that ethereum's popularity will be eroded and abandoned by many investors because of the expensive gas fee. Although currently ethereum's popularity is still high but we don't or if ethereum dev doesn't improve its project, it will likely be replaced by other cheaper networks.
Expensive gas fees have advantage with most of Ethereum network coins less scam than other network such as Solana, BSC and TON easily get drop or become scam coins. I don't think the investor will leave the Ethereum network coins due high fees because many top project and success as the Ethereum network.
But nowadays the ethereum gas fees have flexible without keep at higher fees every time, some moment we can see Ethereum network have lower fees exactly without busy traffic.
Ethereum fees will go down when traffic goes down and coin price goes down too, but if traffic is high gas fees are likely to go up. Ethereum gas fees are notoriously high but as you said because of the high cost of Ethereum gas fees, the Ethereum network is not as scammed as BSC, Solana and TON networks. That's a fact we see in the crypto market.

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Re: Reason why you hold Ethereum
« Reply #456 on: November 07, 2024, 11:31:17 PM »


Offline ZAINmalik75

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Re: Reason why you hold Ethereum
« Reply #457 on: November 09, 2024, 09:43:27 PM »
ETH gas fee is very high, this is what makes investors switch to other networks such as solanan, BSC and TON.
One thing I worry about is that ethereum's popularity will be eroded and abandoned by many investors because of the expensive gas fee. Although currently ethereum's popularity is still high but we don't or if ethereum dev doesn't improve its project, it will likely be replaced by other cheaper networks.
I think until the Viatlik is attached to the Ethereum project till then it won't be eroded away and it will maintain its second position although the ETF approval is a big achievement by it but unfortunately this achievement did not make a good impact on the price which everyone was expecting.

The market cap of Ethereum is very high that other tokens have to make a lot more efforts to replace it otherwise in terms of network transaction fee they have already replaced it. Once the ETH investors starts to make money they will love it despite the high fee.
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Offline ZAINmalik75

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Re: Reason why you hold Ethereum
« Reply #458 on: November 09, 2024, 10:52:05 PM »
In fact, to many of us, transaction fees on the ethereum network can sometimes be on the high side which is even worse when withdrawing our funds which attracts other fees. An example of such a decision for selecting another network, such as Ton, with free transactions is that we do not have to cut costs while maintaining effectiveness.

For middle and lower class users, these savings are very large because any additional fee can affect investment yields. It still is possible to leverage the tools suggested by the community and make use of cryptocurrencies without dealing with high fees that are not very profitable.
We can use Ton to avoid fees but what if we need only ETH on the Ethereum network to join airdrops? I joined Linea airdrop and I needed ETH the fee to withdraw them from exchanges was high I also had to use the Linea bridge at that time. In these cases other options not come handy.

Tools that will shift the tokens by taking one and giving another can be used here to get the required type of token if these tools now accepts Ton then by giving fee you can get another token in place of it.
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Offline rizqillah

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Re: Reason why you hold Ethereum
« Reply #459 on: November 10, 2024, 11:02:55 PM »
ETH gas fee is very high, this is what makes investors switch to other networks such as solanan, BSC and TON.
One thing I worry about is that ethereum's popularity will be eroded and abandoned by many investors because of the expensive gas fee. Although currently ethereum's popularity is still high but we don't or if ethereum dev doesn't improve its project, it will likely be replaced by other cheaper networks.
I think until the Viatlik is attached to the Ethereum project till then it won't be eroded away and it will maintain its second position although the ETF approval is a big achievement by it but unfortunately this achievement did not make a good impact on the price which everyone was expecting.

The market cap of Ethereum is very high that other tokens have to make a lot more efforts to replace it otherwise in terms of network transaction fee they have already replaced it. Once the ETH investors starts to make money they will love it despite the high fee.
If bitcoin reaches a new ATH and maintains its price longer, then it is certain that ethereum and other altcoins will also rise. Currently the price of ethereum is above $ 3,000 and this is a good achievement. Where previously many people doubted, because the price of ethereum strauggled to break through $ 3,000 again.
But now ethereum has exceeded that price. And about the impact of the ethereum ETF will have more impact at the end of this year or early next year.

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Re: Reason why you hold Ethereum
« Reply #460 on: November 12, 2024, 03:09:54 PM »
ETH gas fee is very high, this is what makes investors switch to other networks such as solanan, BSC and TON.
One thing I worry about is that ethereum's popularity will be eroded and abandoned by many investors because of the expensive gas fee. Although currently ethereum's popularity is still high but we don't or if ethereum dev doesn't improve its project, it will likely be replaced by other cheaper networks.
I think until the Viatlik is attached to the Ethereum project till then it won't be eroded away and it will maintain its second position although the ETF approval is a big achievement by it but unfortunately this achievement did not make a good impact on the price which everyone was expecting.

The market cap of Ethereum is very high that other tokens have to make a lot more efforts to replace it otherwise in terms of network transaction fee they have already replaced it. Once the ETH investors starts to make money they will love it despite the high fee.
If bitcoin reaches a new ATH and maintains its price longer, then it is certain that ethereum and other altcoins will also rise. Currently the price of ethereum is above $ 3,000 and this is a good achievement. Where previously many people doubted, because the price of ethereum strauggled to break through $ 3,000 again.
But now ethereum has exceeded that price. And about the impact of the ethereum ETF will have more impact at the end of this year or early next year.
Right now, we are in a significant stage in the crypto market, and the essence of the bulls’ performance gave investors a strong signal that the boost is worth invested. More prospect has been turned by the stability of Bitcoin at ATH and the occurrences indicating capability for more success of Ethereum and other altcoins. In its turn, an Ethereum ETF to which much importance is expected to be attributed in the future months, might be another fundamental factor for the positive trend further on.

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Re: Reason why you hold Ethereum
« Reply #461 on: November 12, 2024, 10:49:30 PM »
Ethereum fees will go down when traffic goes down and coin price goes down too, but if traffic is high gas fees are likely to go up. Ethereum gas fees are notoriously high but as you said because of the high cost of Ethereum gas fees, the Ethereum network is not as scammed as BSC, Solana and TON networks. That's a fact we see in the crypto market.
True. Mostly, Ethereum transfer fees will be cheaper when we have lower traffic in the network. But now, it seems there are a big increase in the traffic, Ethereum price is increasing quite a lot, too. It makes sense if Ethereum transfer fees is quite high now. The latest Ethereum fees looked like above 28 gwei. If we want to get cheaper fees, we need to wait for the traffic decreasing. However, I think it is still quite affordable, not so expensive.


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Re: Reason why you hold Ethereum
« Reply #462 on: November 13, 2024, 04:58:22 AM »
Ethereum fees will go down when traffic goes down and coin price goes down too, but if traffic is high gas fees are likely to go up. Ethereum gas fees are notoriously high but as you said because of the high cost of Ethereum gas fees, the Ethereum network is not as scammed as BSC, Solana and TON networks. That's a fact we see in the crypto market.
True. Mostly, Ethereum transfer fees will be cheaper when we have lower traffic in the network. But now, it seems there are a big increase in the traffic, Ethereum price is increasing quite a lot, too. It makes sense if Ethereum transfer fees is quite high now. The latest Ethereum fees looked like above 28 gwei. If we want to get cheaper fees, we need to wait for the traffic decreasing. However, I think it is still quite affordable, not so expensive.
I think that waiting for a now, when a little deceleration of the Ethereum network can be beneficial if one wants to avoid high fees at this point. At the moment, the high fees are explained by the increased utilisation and the growth in the value of Ethereum. But if we wait, there is a time when the fees are more reasonable, and transactions can be more effective. By observing it we will ascertain the right time for transactions to be performed without pressure of high fees impounding us.
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Re: Reason why you hold Ethereum
« Reply #463 on: November 13, 2024, 11:57:47 AM »
Ethereum fees will go down when traffic goes down and coin price goes down too, but if traffic is high gas fees are likely to go up. Ethereum gas fees are notoriously high but as you said because of the high cost of Ethereum gas fees, the Ethereum network is not as scammed as BSC, Solana and TON networks. That's a fact we see in the crypto market.
True. Mostly, Ethereum transfer fees will be cheaper when we have lower traffic in the network. But now, it seems there are a big increase in the traffic, Ethereum price is increasing quite a lot, too. It makes sense if Ethereum transfer fees is quite high now. The latest Ethereum fees looked like above 28 gwei. If we want to get cheaper fees, we need to wait for the traffic decreasing. However, I think it is still quite affordable, not so expensive.

It all boils down to how the market is, right now, it's on a bull run, so it will increased the gas fees, same with Bitcoin yesterday wherein it went as high as 40 sat/vB if I'm not mistaken. But it went down to 5 sat/vB after that.

But not sure about Ethereum, because it has chance it's algorithm and now it's very centralized and it could have affected how big or small the fees should be. And as for the current price, it's above $3,000 already and so it will increased, current gwei average is 24.
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Offline ZAINmalik75

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Re: Reason why you hold Ethereum
« Reply #464 on: November 13, 2024, 06:32:01 PM »
If bitcoin reaches a new ATH and maintains its price longer, then it is certain that ethereum and other altcoins will also rise. Currently the price of ethereum is above $ 3,000 and this is a good achievement. Where previously many people doubted, because the price of ethereum strauggled to break through $ 3,000 again.
But now ethereum has exceeded that price. And about the impact of the ethereum ETF will have more impact at the end of this year or early next year.
Those who doubted ETH to break $3k must not have enough knowledge about it even from the general point of view we can say that ETH could easily break $3k and now it is moving toward $4k and some analysists thinks it can break $10k too but I doubt that target but touching $6k or $5k is possible.

ETF of ETH are not helping ETH to gain volume the inflow is less because investors are after BTC now after BTC dump ETH will pump and then the money will inflow in it and it can make new ATH do you think around which time in 2025 it will make new ATH.
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