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As new investors continue to invest and the market cap develops, Bitcoins cost could become more stable.Lack of adoption by businesses. The cost volatility is a huge reason that many businesses have yet to adopt Bitcoin as a type of payment. Increased consumer adoption and cost equilibrium will eventually mitigate this disadvantage.Another disadvantage is that while many individuals know of Bitcoin, few understand just what it is or how it functions.

The more we spread the word and grow the Bitcoin community, the better off our bitcoins will be.How to Buy BitcoinAs mentioned above, in the first years of Bitcoin it was difficult to find a reliable place to buy the cryptocurrency.   With the increase in demand for Bitcoin, numerous new companies have sprouted to help facilitate easily purchasing Bitcoin.These days, many Bitcoin exchanges have received huge investments from venture capitalists.

You can compare exchanges and view our in-depth reviews in our How to Buy Bitcoin Guide.   Weve also recorded our top two recommended options below:Coinbase launched in 2012 with the hopes of giving users an easier way to Purchase 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 the opponents, the New York-based cryptocurrency exchange has rapidly built a Fantastic 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 claims to be a man living in Japan born on April 5th, 1975 but there are speculations that he's actually an individual developer 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 peak popularity.Google Trends structures the chart to represent a relative hunt interest to the highest 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 searches relating to Bitcoin have spiked in recent years.When Bitcoin began circulating in 2009, its early adopters consisted of developers and a niche bunch of technical men and women. Its prevalence 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 users, Bitcoin has achieved a network impact that attracts even more users. Users who'd otherwise be more apprehensive investing in a comparatively unknown and unproven digital currency have been reassured by Bitcoins performance over time, its growing community, and the fact that people they know are adopting cryptos.Bitcoins first mover advantage, popularity, and network impact have cemented it as the very popular cryptocurrency together with the largest market cap.

Bitcoin is able to attract users greater than any other cryptocurrency becauseIt gets the network impact. Bitcoins network validates its value 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 extreme swings in price.

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Many Bitcoin consumers are holding onto their bitcoins in hopes of selling them off to get an enormous profit one day. With news posts portraying Bitcoin millionaires as blessed kids who got in early, you cant really blame them. For instance, if you had spent your $5 latte money on 2,000 bitcoins one morning in 2010, they would be worth about $5.4 million today.

While many people have flocked informative post into cryptocurrencies purely in search of financial gain, there are a ton of people that are only interested. Some peoples are sticking around and trying to understand what cryptos are about. While more consumers increase Bitcoins network effect, i was reading this more individuals forming in-depth understandings of cryptos also strengthen the busy Bitcoin community.Final ThoughtsBitcoin is still a relatively young currency but it has attained substantial user adoption and growth.

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Understanding Bitcoins potential is recommended you read 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 world now. This is exciting or unsettling for the huge majority. Equip 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 interrupt virtually every market.