Quote from: Stanlo on Today at 08:52:18 AM

Quote from: bitquad on Today at 08:42:42 AM

Quote from: bubbagump on Today at 07:12:53 AM

Mighty_crypt's reply shows you why. The people saying that fees are great and that miners are raking it in, are the ones looking at fiat values. It also perfectly illustrates why devs should not care too much about the opinions of miners since most are in it for the immediate profits and probably don't care too much about the long term value/stability/usefulness of a coin. While these fees are great in the short term from a mining perspective, if they aren't addressed quickly, it will kill momentum as the users of the platform migrate to more functional/economical competitors. I think we might be watching the process of the golden goose being killed, judging by the pushback/disinfo against EIP-1559 which is meant to address fee unpredictability.

I have been holding my ETH coins all along and have never converted to USD the past 3 years. And I am getting paid less and less ETH. They make it sound like miners are greedy and getting more and more payout from gas fees. In my case my only payouts are in ETH and I don't convert. I am taking a big risk on Ethereum. I've paid tens of thousands in electrical cost. Add in the mining hardware. I have over $50k invested in Ethereum and have not taken one cent in USD profit. If ETH goes back to $100 it will be a big hole for me.

Are you going to sit back and watch ethereum to go back to 100$ ?? Now is the best time to sell your ethereum, where were you when ethereum hit 2k anyway? You've been in mining business for long you should have understand by now that crypto coins won't keep surging forever, selling or switching to usdt is the best way and you could buy back once price is down if you feel like holding ethereum still.

I don't feel like we are at the top and also I don't want to complicate my taxes. When you start selling ETH into other cryptos or USD you incur a tax event. So ETH dropped from 2000 to 1500. At most if I sold all my ETH I could get 1.3 times my holdings. Or I could end up with less if timing was off.

I don't think ETH will go back down to $100. I was being dramatic when I typed that.

They are printing too much fiat all over the world. I have moved some ETH to Binance and will trade a little with it. But my main ETH holdings will remain on Coinbase. And I will cash out some ETH later in the year.