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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 embrace Bitcoin as a form of payment. Increased consumer adoption and cost equilibrium will eventually mitigate this disadvantage.Another disadvantage is that while many people have heard of Bitcoin, few understand just what it is or how it functions.

The more people 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 trustworthy place to buy the cryptocurrency.   With the increase in demand for Bitcoin, numerous new companies have sprouted to help ease easily purchasing Bitcoin.These days, many Bitcoin exchanges have received huge investments from venture capitalists.

You can compare exchanges and see our in-depth reviews in our How to Buy Bitcoin Guide.   Weve also listed 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 their competitors, the New York-based cryptocurrency exchange has quickly 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 but there are speculations that he is actually either an individual developer or group of developers with a penchant for computer science and cryptography scattered around the United States or even Europe.Nakamoto is thought to have generated the 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 constructions the graph to represent a comparative search interest to the greatest points in the chart. A value of 100 is the summit popularity for its word Bitcoin and a value of 50 means it had been half as hot at that moment.

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

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

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Bitcoin can pull users greater than any other cryptocurrency becauseIt gets the network impact. Bitcoins network supports its worth to newcomers and provides Bitcoin a viral growth rate.The high market cap is comforting. Bitcoins enormous market cap provides users a sense of security and stability since its harder to manipulate and less prone to drastic swings in price.

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

While many individuals have flocked to cryptocurrencies only in search of financial gain, there are a ton of people which are simply curious. Some individuals are sticking around and trying to understand what cryptos are about. Even though more consumers increase Bitcoins network effect, more individuals forming in-depth understandings of cryptos also strengthen the active Bitcoin community.Final ThoughtsBitcoin is still 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 is drastically different from the fiat-based planet today. This is either exciting or unsettling for the vast majority. Equip yourself with the best potential resources. Become active in communities which further explore not only the technical applications of Bitcoin and other cryptos but using their general potential to disrupt virtually every market.

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