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As new investors continue to invest and the market cap grows, Bitcoins cost could be stable.Lack of adoption by businesses. The price volatility is a large reason that many businesses have yet to adopt 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 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 ease easily purchasing Bitcoin.These days, many Bitcoin exchanges have obtained huge investments from venture capitalists.

You can compare exchanges and view 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 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 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 asserts 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 developers with a penchant for computer science and cryptography scattered around the United States or Europe.Nakamoto is thought 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 peak popularity.Google Trends constructions the chart to represent a comparative search interest to the greatest points in the chart. A value of 100 is the peak popularity for its word Bitcoin and a value of 50 means it had been 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 programmers and a niche crowd of technical men and women. Its prevalence over time indicates that many of the disadvantages of Bitcoin will likely 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 consumers, Bitcoin has attained a network impact that attracts even more users. Users who'd otherwise be more 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 look at here first mover advantage, popularity, and network effect have cemented it as the very popular cryptocurrency together with the largest market cap.

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Bitcoin is able to pull users greater than any other cryptocurrency becauseIt gets the network impact. Bitcoins network validates 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 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 Bitcoin millionaires as blessed kids who got in early, you cant blame them. For instance, if you had spent your $5 latte money on 2,000 bitcoins one morning in 2010, they'd be worth about $5.4 million today.

While many individuals have flocked into cryptocurrencies purely in search of financial useful reference gain, there are a ton of people that are only interested. Some individuals are sticking around and trying to understand what cryptos are about. While more consumers increase Bitcoins network impact, more individuals forming in-depth understandings of cryptos also strengthen the active Bitcoin community.Final ThoughtsBitcoin is still 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's drastically different from the fiat-based world now. This is exciting or unsettling for the huge majority. Equip yourself with the best possible resources. Become active in communities that further explore not only the technical applications of Bitcoin and other cryptos but using their overall potential to interrupt virtually every market.

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