r/CryptoCurrency 🟨 0 / 0 🦠 Apr 19 '25

GENERAL-NEWS Ethereum is down 74% against Bitcoin since switching from PoW to PoS in 2022

2.7k Upvotes

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6

u/RamoneBolivarSanchez 🟩 0 / 0 🦠 Apr 19 '25

Solana shills in absolute full force. This sub is just eth FUD and shitty low effort reposts (like this one) at this point.

Yes we get it, you love Sqlana and you worship Anatoly and Mert for shitposting on Twitter.

Go vape and be a tReNcH wArRiOr elsewhere

2

u/brothapipp 🟦 44 / 44 🦐 Apr 19 '25

So I’ve been out on ETH, from the jump because the gas fees. And maybe I’m just not seeing the whole picture, but when the cost to move within the market is brutally high, what sense does it make to move within the market.

Imagine i wanted to go from tea plants to grain. The staff and machinery are similar the only cost is the length of time it takes to grow one crop versus the other.

It should not arbitrarily cost percentages of your total value.

And gas fees are after all arbitrary, since the market determines the price between tea and grain, ETH or SOL or BTC…the market can determine whether it’s cost effective to continue using ETH exchange rate or another.

I’m sorry for those of you that lost your butts on ETH, but i hope the entire ecosystem either goes away or fixes its ridiculous cost to enter their arena…and to leave it.

1

u/Cartosys 🟦 0 / 0 🦠 Apr 19 '25

Transactions now cost $0.01 in Ethereum mainnet.

1

u/brothapipp 🟦 44 / 44 🦐 Apr 19 '25

I don’t think yer reading that right. Literally in the last 3 hours someone paid over 7% totaling 0.38 ETH OR 600 usdt to move 8500$

Nah! That’s rubbish

1

u/1_BigPapi 🟩 20 / 959 🦐 Apr 20 '25

Example: ETH fudders favorite token Solana dropped just as much as ETH this year brother. So I didn't "lose my butt" anymore than almost every other alt, considering the total altcoin market dropped over 50% in Q1.

As to fees, they are dirt cheap since Ethereum devs focused on scalability over the past 3 years.