Which one is more worthy of long-term holding, Ethereum or Bitcoin? Where to trade?

Bitcoin and Ethereum can be traded on the following platforms:

• Binance: As one of the world's leading cryptocurrency trading platforms, Binance supports the transaction of various cryptocurrencies such as Bitcoin and Ethereum. The platform is known for its high-speed trading, sufficient liquidity, rich trading pairs and diversified trading functions, and its service scope covers more than 180 countries and regions around the world.
• Coinbase: As one of the largest cryptocurrency exchanges in the United States, Coinbase is known for its compliance and security and is the first Bitcoin exchange to obtain a formal US license. The platform provides transaction services such as Bitcoin and Ethereum to individuals and institutions, and monitors changes in virtual currency prices in real time.
• OKX (Ouyi): This is a world-renowned digital asset trading platform that provides spot and derivative trading services for various digital assets such as Bitcoin and Ethereum. Its services cover more than 200 countries and regions and have a user base of tens of millions.
• Huobi: Singapore-based Huobi is a global cryptocurrency trading platform that enjoys high visibility and market share in the cryptocurrency trading field, and provides trading services for various digital assets such as Bitcoin and Ethereum.

Bitcoin and Ethereum are both important representatives of the cryptocurrency field. Choosing which one is more worthy of long-term holding requires comprehensive consideration of multiple factors:

• Market Performance: Judging from historical and recent data, Bitcoin’s market value to realization value ratio (MVRV) has been higher than Ethereum for 812 consecutive days, and since 2023, the average cumulative profit of Bitcoin investors has significantly exceeded Ethereum investors. From November 2022 to 2024, Bitcoin's market capitalization growth rate is also greater than Ethereum. In the bull market from October to December 2024, Bitcoin price soared nearly 70%, while Ethereum rose by less than 50% during the same period. However, Ethereum, as the second largest crypto asset with market value, may also rebound in the future with its huge ecosystem and technological innovation potential.
• Technical features: Bitcoin adopts a Proof of Work (PoW) mechanism, which has high security, but has high energy consumption, slow transaction speed, and the scripting language is not Turing-complete, which limits its functional expansion. Ethereum also initially adopted the PoW mechanism, but after completing the "merger" in September 2022, it turned to the Proof of Stake (PoS) mechanism, reducing energy consumption and improving transaction processing speed. Its smart contract language is Turing-complete, allowing developers to write complex logical code, support various functions, and provides a powerful platform for the development of decentralized applications (DApps).
• Application scenario: Bitcoin is mainly used as a store of value and a cross-border payment tool. Its total of 21 million coins makes it called "digital gold", with certain anti-inflation capabilities, and has low cross-border transaction costs and fast speed. However, its slow transaction speed limits its application in large-scale payment scenarios. Ethereum has built a rich decentralized application ecosystem, covering multiple fields such as decentralized finance (DeFi), non-fungible tokens (NFT), DApp, etc., such as Aave lending platform, Uniswap decentralized exchange, etc., and is widely used in finance, games, social networking and other fields.
• Risk characteristics: The main risks faced by Bitcoin include market volatility, uncertainty in regulatory policies, and technical loopholes. As a pioneer of cryptocurrencies, Bitcoin has received high regulatory attention, and changes in policies in various countries may have a significant impact on its prices. In addition to market and regulatory risks, Ethereum also faces risks such as smart contract vulnerabilities and network security. In history, security problems such as The DAO incident have occurred due to smart contract vulnerabilities.

If you prefer a robust store of value and simple trading functions, Bitcoin may be a better choice; if you are optimistic about the widespread use of blockchain technology in finance and other fields and are willing to take certain risks to obtain higher potential returns, Ethereum may be more worthy of long-term holding.