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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 form of payment. Increased consumer adoption and cost stability will eventually mitigate this disadvantage.Another disadvantage is that while many individuals know of Bitcoin, few understand just what it is or how it functions.

The more we spread the word and expand 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 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 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 has become the most commonly recommended buying option for newbies.

While they launched more recently than many of the opponents, 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 claims to be a man living in Japan born on April 5th, 1975 however there are speculations that he is actually either an individual developer 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 double spending problem other digital currency failed to.

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

Its amazing how the hunts 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 crowd of technical men and women. Its prevalence over the years indicates that many of the disadvantages of Bitcoin will likely dissipate as Bitcoin becomes more standard.Unsurprisingly, Bitcoins price has grown with increased demand.

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By gaining a significant number of adopters and consumers, Bitcoin has achieved a network effect that attracts 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 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 largest market cap.

Bitcoin is able to attract users better than any other cryptocurrency becauseIt has the network effect. Bitcoins network validates its worth to newcomers and gives Bitcoin a viral growth rate.The high market cap is comforting. Bitcoins enormous market cap provides 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 to get an enormous profit one day. With news articles portraying Bitcoin millionaires as lucky 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, then they'd be worth roughly $5.4 million today.

While many individuals have flocked to cryptocurrencies purely in search of financial gain, there are a ton of people which are simply curious. Some peoples are sticking around and trying to understand what cryptos are all about. Even though more consumers increase Bitcoins network impact, more people forming in-depth understandings of cryptos also strengthen the active Bitcoin community.Final ThoughtsBitcoin remains a relatively young currency but it's 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 planet now. This is exciting or unsettling for the vast majority. Familiarize yourself with the best possible resources. Become active in communities that further research not only the technical applications of Bitcoin and other cryptos but using their overall potential to disrupt virtually every economy.