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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 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 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 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 huge 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 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 competitors, the New York-based cryptocurrency exchange has rapidly 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 developer 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 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 structures the chart to represent a comparative search interest to the greatest 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 the way 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 bunch of technical men and women. Its prevalence over the years indicates that many of the disadvantages of Bitcoin will likely 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 consumers, 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 official statement the simple fact that people they know are adopting cryptos.Bitcoins first mover advantage, popularity, and network effect have cemented it as the very popular cryptocurrency with the largest market cap.

Bitcoin is able to attract users better than any other cryptocurrency becauseIt gets the network effect. Bitcoins network validates its value 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 not as prone to extreme 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 blessed children who got in early, you cant really blame them. For instance, if you'd spent your $5 latte money on 2,000 bitcoins one morning in 2010, they would be worth roughly $5.4 million now.

While many individuals have flocked into cryptocurrencies purely in search of financial gain, there are a ton of people that are only curious. Some peoples are sticking around and trying to understand what cryptos are about. Even though more consumers increase Bitcoins network effect, more individuals forming in-depth understandings of cryptos also strengthen the active Bitcoin community.Final ThoughtsBitcoin remains a comparatively 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 is drastically different from the fiat-based world now. This is exciting or unsettling for the vast majority. Familiarize yourself with the best potential resources. Become active in communities which further explore not only the technical applications of Bitcoin and other cryptos but with their general that site potential to disrupt virtually every market.