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As new investors continue to invest and the market cap develops, 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 price 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 early 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 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 Purchase 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 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 their 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 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 even Europe.Nakamoto is thought to have generated the first blockchain database and has been the first to solve the dual spending problem other electronic currency failed to.

A value of 100 is peak popularity.Google Trends constructions the graph to represent a relative hunt interest to the greatest points in the graph. A value of 100 is the peak popularity for the term Bitcoin and a value of 50 means it was half as popular at that moment.

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 men and women. Its prevalence over time indicates that many of the disadvantages of Bitcoin will probably dissipate as Bitcoin becomes more standard.Unsurprisingly, Bitcoins cost has grown with increased demand.

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By gaining a significant number of adopters and users, Bitcoin has achieved a network effect that brings even more users. Users who'd otherwise be apprehensive investing in a relatively unknown and unproven digital currency are reassured by Bitcoins performance over time, its growing community, and also 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 greatest market cap.

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Bitcoin can pull users better than any other cryptocurrency becauseIt gets the network effect. Bitcoins network supports its worth to newcomers and provides Bitcoin a viral growth rate.The high market cap is comforting. Bitcoins enormous market cap gives 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 for an enormous profit one day. With news articles portraying Bitcoin millionaires as blessed children who got in early, you cant really blame them. For example, if you'd spent your $5 latte money on 2,000 bitcoins one morning in 2010, they'd be worth about $5.4 million today.

When many individuals have flocked into cryptocurrencies only in search of financial gain, there are a ton of people which are only curious. Some peoples are sticking around and trying to understand what cryptos are about. While more users increase Bitcoins network effect, more individuals forming in-depth understandings of cryptos also strengthen the active Bitcoin community.Final ThoughtsBitcoin remains a comparatively young currency but it has achieved substantial user adoption and expansion.

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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 radically different from the fiat-based world today. This is either exciting look these up or unsettling for the huge majority. Familiarize yourself with the best possible resources. Become active in communities that further explore not only the technical applications of Bitcoin and other cryptos but with their overall potential to disrupt virtually every economy.

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