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As new investors continue to invest and the market cap grows, Bitcoins price could be stable.Lack of adoption by businesses. The price volatility is a large 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 people know of Bitcoin, few understand exactly 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 trustworthy place to Purchase 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 obtained enormous investments from venture capitalists.

You can compare exchanges and view 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 is now the most commonly recommended buying option for newbies.

While they launched more recently than many of the 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 programmer or group of developers 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 digital currency failed to.

A value of 100 is peak popularity.Google Trends structures the chart to represent a comparative hunt interest to the highest points in the graph. A value of 100 is the summit popularity for the word Bitcoin and a value of 50 means that it had been half as hot at that moment.

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

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By gaining a large number of adopters and users, Bitcoin has achieved a network effect 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 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 impact have cemented it as the very popular cryptocurrency with the largest market cap.

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Bitcoin can attract users greater than any other cryptocurrency becauseIt has the network impact. Bitcoins network validates its value to newcomers and gives Bitcoin a viral growth rate.The high market cap more info here is comforting. Bitcoins massive market cap provides users a sense of security and stability since its harder to manipulate and not as prone to extreme 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 articles portraying Bitcoin millionaires as lucky kids 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, they would be worth about $5.4 million now.

When many people have flocked into cryptocurrencies only in search of financial gain, there are a ton of people which are simply interested. Some peoples are sticking around and trying to understand what cryptos are all about. Even though more consumers increase Bitcoins network effect, more individuals forming in-depth understandings of cryptos also strengthen the busy Bitcoin community.Final ThoughtsBitcoin remains a comparatively young currency but it has 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's radically 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 research not only the technical applications of Bitcoin and other cryptos but using their general potential to interrupt virtually every economy.

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