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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 cost volatility is a large reason that many businesses have yet to embrace Bitcoin as a type 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 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 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 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 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 is now 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 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 claims to be a man living in Japan born on April 5th, 1975 but there are speculations that he's actually either an individual programmer or group of programmers with a penchant for computer science and cryptography scattered around the United States or even Europe.Nakamoto is believed to have created the first blockchain database and has been the first to fix the double spending problem other electronic currency failed to.

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

Its amazing how the searches relating to Bitcoin have spiked in the past few years.When Bitcoin began circulating in 2009, its early adopters consisted of developers 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 attained a network impact that brings even more users. Users who would otherwise be 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 effect have cemented it as the very read this popular cryptocurrency together with the greatest market cap.

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Bitcoin is able to attract users greater than any other cryptocurrency becauseIt has the network impact. 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 not as prone to drastic swings in cost.

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Many Bitcoin users are holding onto their bitcoins in hopes of selling them off for 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'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 which are only interested. Some peoples are sticking around and trying to understand what cryptos are all about. Even though more consumers our website increase Bitcoins network impact, more individuals forming in-depth understandings of cryptos additionally strengthen the busy Bitcoin community.Final ThoughtsBitcoin remains a comparatively 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 drastically different from the fiat-based world now. This is 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.

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