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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 cost volatility is a large reason that many businesses have yet to adopt Bitcoin as a type of payment. Increased consumer adoption and cost stability will eventually mitigate this disadvantage.Another disadvantage is that while many individuals 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 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 facilitate readily 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 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 has become the most commonly recommended buying option for newbies.

While they launched more recently than many of their opponents, 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 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 even Europe.Nakamoto is believed to have generated 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 peak popularity.Google Trends structures the chart to represent a comparative search interest to the greatest points in the chart. A value of 100 is the summit popularity for the word Bitcoin and a value of 50 means it was half as popular at that time.

Its amazing the way 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 bunch of technical people. Its popularity 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 significant number of adopters and users, Bitcoin has attained a network effect that attracts even more users. Users who would otherwise be more apprehensive investing in a relatively unknown and unproven digital currency are reassured by Bitcoins performance over time, 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 with the largest market cap.

Bitcoin can attract users better than any other cryptocurrency becauseIt has the network impact. Bitcoins network supports its value to newcomers and gives Bitcoin a viral growth see page rate.The high market cap is comforting. Bitcoins massive market cap gives users a sense of safety 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 posts portraying Bitcoin millionaires as lucky children who got in early, you cant blame them. For example, if you had spent your $5 latte money on 2,000 bitcoins one morning in 2010, then they'd be worth about $5.4 million today.

While many individuals have flocked into cryptocurrencies only 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 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 radically different from the fiat-based world today. This is exciting or unsettling for the vast majority. Familiarize yourself with the best possible resources. Become active in communities that further explore not only the technical applications of Bitcoin and other cryptos but with their overall potential to interrupt virtually every market.