Three Arrows Capital Zhu Su shares Ethereum investment tips: buy when gas fees are low, sell when they are high

This site (120bTC.coM): Zhu Su, the founder of bankrupt Three Arrows Capital (3AC), posted on the social platform X late yesterday (24th) that Ethereum Bitcoin investors can buy when the network gas fee is low and sell when it is high: buy Ethereum when the network gas fee is low and sell Ethereum when the gas fee is high, even though the burning mechanism will tell you the opposite. This is because high gas costs tend to be accompanied by overall short-lived activity, while the opposite is true when gas costs are low.

Is this a good investment strategy?

According to Ethereum Gas Tracker data, the Gas fee of the Ethereum main network has been on an upward trend in the past seven days, and was only at a relatively low point from April 20 to 21.

Gas fee changes of Ethereum in the past 30 days

ETH price changes in the past 30 days

We know that Gas fee is the transfer fee required to complete transactions on the blockchain. When Gas fee is high, it is due to the increase in the number of network interactions. Miners will prioritize transaction requests with higher payment fees, thus increasing the price. cost.

There are various factors that affect the number of network transactions. For example, when the meme currency boom starts on Ethereum, the surge in the number of participants will drive an increase in transaction volume. While raising network transaction fees, it may also It will encourage the price of ETH to rise, but this cannot be used as a gold standard to judge the rise or fall of Ethereum. Investors should carefully refer to various indicators before making judgments.

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