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As new investors continue to invest and the market cap grows, Bitcoins price could become more stable.Lack of adoption by businesses. The price volatility is a large reason that many businesses have yet to adopt Bitcoin as a form of payment. Increased consumer adoption and price stability will eventually mitigate this disadvantage.Another disadvantage is that while many people have heard of Bitcoin, few understand exactly what it is or how it functions.

The more people spread the word and expand the Bitcoin community, the better off our bitcoins will be.How to Purchase BitcoinAs mentioned above, in the first years of Bitcoin it was difficult to find a trustworthy place to Purchase the cryptocurrency.   With the increase in demand for Bitcoin, numerous new companies have sprouted to help ease readily purchasing Bitcoin.These days, many Bitcoin exchanges have obtained huge investments from venture capitalists.

You can compare exchanges and see our in-depth reviews in our How to Purchase Bitcoin Guide.   Weve also recorded our best two recommended options below:Coinbase launched in 2012 with the hopes of giving users an easier way to buy Bitcoin.   Since its launch, the San Francisco based startup has become the most commonly recommended buying option for newbies.

While they launched more recently than many of their opponents, the New York-based cryptocurrency exchange has rapidly built a great reputation in the crypto community.   You can learn more in our Gemini Review and Users Guide.Who invented BitcoinSatoshi Nakamoto is credited with designing Bitcoin. Nakamoto asserts for a man living in Japan born on April 5th, 1975 however there are speculations that he is actually an individual programmer or group of programmers with a penchant for computer science and cryptography scattered around the United States or Europe.Nakamoto is believed to have created the very first blockchain database and has been the first to fix the dual spending problem other electronic currency failed to.

A value of 100 is summit popularity.Google Trends structures the chart to represent a relative search interest to the greatest points in the chart. A value of 100 is the summit popularity for the term Bitcoin and a value of 50 means it had been half as popular at that time.

Its amazing the way the hunts relating to Bitcoin have spiked in recent years.When Bitcoin began circulating in 2009, its early adopters check that consisted of developers and a niche bunch of technical men and women. Its popularity over the years indicates that many of the disadvantages of Bitcoin will likely dissipate as Bitcoin becomes more standard.Unsurprisingly, Bitcoins price has grown with increased demand.

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By gaining a significant number of adopters and consumers, Bitcoin has attained a network effect that brings even more users. Users who'd otherwise be apprehensive investing in a relatively unknown and unproven digital currency have been reassured by Bitcoins performance as time passes, its growing community, and also the simple fact that people they know are adopting cryptos.Bitcoins first mover advantage, popularity, and network effect have cemented it as the most popular cryptocurrency together with the greatest market cap.

Bitcoin can attract users greater than any other cryptocurrency becauseIt gets the network effect. Bitcoins network validates its worth to newcomers and gives Bitcoin a viral growth rate.The high market cap is comforting. Bitcoins enormous market cap gives users a sense of safety and stability since its harder to manipulate and less prone to drastic swings in cost.

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Many Bitcoin consumers are holding onto their bitcoins in hopes of selling them off for an enormous profit one day. With news posts portraying Bitcoin millionaires as lucky children who got in early, you cant blame them. For instance, if you'd spent your $5 latte money on 2,000 bitcoins one morning in 2010, they'd be worth about $5.4 million now.

While many people have flocked into cryptocurrencies only in search of financial gain, there are a ton of people that are only curious. Some individuals are sticking around and trying to understand what cryptos are about. While more consumers increase Bitcoins network effect, more individuals forming in-depth understandings of cryptos additionally strengthen the active Bitcoin community.Final ThoughtsBitcoin remains a relatively young currency but it's achieved substantial user adoption and growth.

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Understanding Bitcoins potential is an essential first step to seeing the brilliant solutions being worked on in the cryptocurrency world.Bitcoin paints a future that's radically different from the fiat-based planet today. This is either exciting or unsettling for the huge majority. Familiarize yourself with the best potential resources. Become active in communities that further explore not only the technical applications of Bitcoin and other cryptos but with their general potential to disrupt virtually every market.