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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 cost volatility is a large reason that many businesses have yet to embrace Bitcoin as a form of payment. Increased consumer adoption and cost equilibrium 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 people spread the word and expand the Bitcoin community, the better off our bitcoins will be.How to Purchase BitcoinAs mentioned above, in the early 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 obtained huge investments from venture capitalists.

You can compare exchanges and see 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 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 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 for a man living in Japan born on April 5th, 1975 however 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 generated the first blockchain database and has been the first to solve the double spending problem other digital currency failed to.

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

Its amazing how the hunts 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 people. Its prevalence over time indicates that many of the disadvantages of Bitcoin will likely dissipate as Bitcoin becomes more 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 effect that brings even more users. Users who would otherwise be apprehensive investing in a relatively unknown and unproven digital currency are reassured by Bitcoins performance as time passes, its growing community, and the simple fact that people they know are adopting her latest blog cryptos.Bitcoins first mover advantage, popularity, and network effect have cemented it more tips here as the most popular cryptocurrency with the greatest 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 gives Bitcoin a viral growth rate.The high market cap is comforting. Bitcoins massive market cap gives 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 children who got in early, you cant blame them. By way of 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.

When many people have flocked to cryptocurrencies only 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 about. Even though more consumers increase Bitcoins network impact, more individuals forming in-depth understandings of cryptos also strengthen the busy Bitcoin community.Final ThoughtsBitcoin remains a comparatively 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 world now. This is either exciting or unsettling for the huge majority. Equip yourself with the best possible resources. Become active in communities which 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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