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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 huge 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 individuals know of Bitcoin, few understand exactly what it is or how it functions.

The more people 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 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 enormous investments from venture capitalists.

You can compare exchanges and view our in-depth reviews in our How to Purchase 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 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 programmer or group of programmers 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 dual spending problem other digital currency failed to.

A value of 100 is summit popularity.Google Trends constructions the chart to represent a comparative hunt 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 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 programmers and a niche crowd of technical men and women. Its prevalence visit homepage over the years 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'd otherwise be more apprehensive investing in a relatively unknown and unproven digital currency have been reassured by Bitcoins performance as time passes, its growing community, and the simple fact that people they know are adopting cryptos.Bitcoins first mover advantage, popularity, and network effect have cemented it as the most popular cryptocurrency together with the greatest market cap.

Bitcoin is able to pull users greater 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 massive 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 posts portraying Bitcoin millionaires as lucky kids 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, then they would be worth about $5.4 million today.

While many individuals have flocked into cryptocurrencies purely in search of financial 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 users increase Bitcoins network impact, more people forming in-depth understandings of cryptos also strengthen the busy 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 huge majority. Equip 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 general potential to interrupt virtually every market.