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As new investors continue to invest and the market cap develops, Bitcoins cost could be stable.Lack of adoption by businesses. The cost volatility is a huge reason that many businesses have yet to embrace 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 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 reliable place to Purchase 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 enormous 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 top 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 the opponents, 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 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 comparative search interest to the greatest points in the graph. A value of 100 is the peak popularity for its term Bitcoin and a value of 50 means that it was 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 crowd 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 users, 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 have been reassured by Bitcoins performance over time, its growing community, and also the simple 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 better than any other cryptocurrency becauseIt gets the network impact. Bitcoins network supports its value to newcomers and provides Bitcoin a viral growth rate.The high market cap is comforting. Bitcoins enormous market cap provides users a sense of safety and stability since its harder to manipulate and not as prone to extreme swings in cost.

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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 posts portraying you can try here Bitcoin millionaires as blessed children who got in early, you cant really blame them. For example, if you had spent your $5 latte money on 2,000 bitcoins one morning in 2010, then they'd be worth roughly $5.4 million now.

While many people have flocked to cryptocurrencies purely in search of financial gain, there are a ton of people that are simply curious. Some peoples are sticking around and trying to understand what cryptos are all about. While more users increase Bitcoins network effect, more people forming in-depth understandings of cryptos also strengthen the active Bitcoin community.Final ThoughtsBitcoin remains a relatively young currency but it's attained 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 now. This is either exciting or unsettling for the huge majority. Equip yourself with the best possible resources. Become active in communities which further research not only the technical applications of Bitcoin and other cryptos but using their general potential to interrupt virtually every market.