Undoubtedly, Bitcoin and Ethereum are the most popular cryptocurrencies by their utility and speculation taking the top 2 places for total market capitalization.
Bitcoin was the first successful cryptocurrency to be introduced to the world with the purpose of storing value and making payments in a decentralized fashion, while Ethereum was the first programmable cryptocurrency that can be used to create other crypto-assets.
When comparing Bitcoin vs. Ethereum, Bitcoin is by far the most dominant crypto asset in the world, surpassing Ethereum by more than 10x in its marketcap, with Bitcoin currently sitting at $185,811,800,050 USD vs. Ethereum at $18,298,103,869 USD.
However, the launch of Ethereum was the driving force behind the online gold rush in 2016 that triggered the ICO boom and bull run in 2017. Consequently, the two have strengthened each other at one point or another, even though they are commonly pinned against each other as rivals.
Trading Bitcoin vs. Ethereum
Due to Bitcoin’s dominance, it’s liquidity is second to none as the asset that supports the majority of cryptocurrency exchanges and is most commonly traded against.
Not always, but often Ethereum and other cryptocurrencies tend to follow the trend of Bitcoin which can make predicting Ethereum’s price and trading it easier than Bitcoin comparatively.
You can see this subsequent trend when you compare Bitcoin vs. Ethereum and other cryptos in the charts below:
Where to Trade Bitcoin vs. Ethereum
As the two most popular crypto-assets, finding a place to trade Bitcoin and Ethereum is easy. However, there are hundreds of cryptocurrency trading platforms to choose from, which often vastly differ in their features, assets, and the ways that crypto can be traded.
For instance, Coinbase is a simple crypto exchange that allows users to basically buy/sell and trade crypto-assets. Whereas PrimeXBT is an advanced trading platform that offers margin trading with up to 100x leverage, allowing traders to profit by many multiples in both rising and falling markets with the option to go long or short.
As with the majority of trading platforms, Ethereum can be traded directly against Bitcoin on PrimeXBT and Coinbase.
Look for a reputable trading platform, such as the ones mentioned, that are safe, fast-executing, and reliable - even under extreme volatility.
Bitcoin or Ethereum: Which is Best to Buy/Trade/Hodl?
There are massive supporting camps for both Ethereum and Bitcoin whereby each of the crypto’s communities believes their crypto of choice is the best. The truth of the matter is that Bitcoin and Ethereum are different, one is not necessarily better than the other. What’s certain is that each presents significant value in its own right.
It is not essential to choose one or the other, you can buy/trade/hodl both Bitcoin and Ethereum. However, the benefit of focusing attention on one asset more than others is that you learn to thoroughly understand its market behavior and master strategies based on this knowledge base.
Ultimately, the dispute between Bitcoin vs. Ethereum is mute and comes down to a trader’s personal preference.
