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As new investors continue to invest and the market cap develops, Bitcoins cost could become more stable.Lack of adoption by businesses. The price volatility is a huge reason that many businesses have yet to embrace Bitcoin as a form of payment. Increased consumer adoption and price equilibrium will eventually mitigate this disadvantage.Another disadvantage is that while many people have heard 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 reliable place to buy the cryptocurrency.   With the increase in demand for Bitcoin, numerous new companies have sprouted to help facilitate readily purchasing Bitcoin.These days, many Bitcoin exchanges have received enormous 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 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 is now 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 quickly 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 claims for 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 programmers with a penchant for computer science and cryptography scattered around the United States or Europe.Nakamoto is thought to have created the very first blockchain database and has been the first to fix the double spending problem other electronic currency failed to.

A value of 100 is summit popularity.Google Trends structures the graph to represent a comparative search 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 that it was half as popular at that moment.

Its amazing how 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 popularity over the years 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 significant number of adopters and users, Bitcoin has achieved a network impact that attracts even more users. Users who'd 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 greatest market cap.

Bitcoin is able to attract 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 enormous market cap gives users a sense of security and stability since its harder to manipulate and not as 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 lucky kids who got in early, you cant really blame them. For example, if you had spent your $5 latte money on 2,000 bitcoins one morning in 2010, they would be like it worth roughly $5.4 million today.

While many people have flocked to cryptocurrencies purely in search of financial gain, there are a ton of people which are simply interested. Some individuals are sticking around and trying to understand what cryptos are all about. Even though more users increase Bitcoins network effect, more individuals forming in-depth understandings web of cryptos also strengthen the active Bitcoin community.Final ThoughtsBitcoin is still a relatively young currency but it has 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's drastically different from the fiat-based planet today. This is either exciting or unsettling for the vast majority. Familiarize yourself with the best possible resources. Become active in communities which further explore not only the technical applications of Bitcoin and other cryptos but with their general potential to disrupt virtually every economy.