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As new investors continue to invest and the market cap grows, Bitcoins price could become more 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 individuals know of Bitcoin, few understand just 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 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 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 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 asserts to be a man living in Japan born on April 5th, 1975 however there are speculations that he's actually an individual developer or group of developers with a penchant for computer science and cryptography scattered around the United States or Europe.Nakamoto is thought to have created the 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 chart to represent a comparative search page interest to the greatest points in the chart. A value of 100 is the peak popularity for its term Bitcoin and a value of 50 means that it was half as hot 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 popularity 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 attained a network impact that attracts even more users. Users who would otherwise be more apprehensive investing in a comparatively unknown and unproven digital currency have been reassured by Bitcoins performance over time, its growing community, and also the simple fact that people they know are adopting cryptos.Bitcoins first mover advantage, popularity, and network impact have cemented it as the very popular cryptocurrency with the largest market cap.

Bitcoin can pull users greater than any other cryptocurrency becauseIt has the network impact. Bitcoins network supports 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 safety and stability since its harder to manipulate and less prone to extreme swings in cost.

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Many Bitcoin consumers are holding onto their bitcoins in hopes of selling them off for an enormous profit one day. With news articles portraying Bitcoin millionaires as blessed 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, they would be worth roughly $5.4 million now.

While many people have flocked into 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 about. While more consumers increase Bitcoins network impact, more individuals forming in-depth understandings of cryptos also strengthen the busy Bitcoin community.Final ThoughtsBitcoin is still a comparatively young currency but it's attained 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's drastically different read from the fiat-based world now. This is either exciting or unsettling for the huge majority. Equip yourself with the best potential resources. Become active in communities that further explore not only the technical applications of Bitcoin and other reference cryptos but with their general potential to disrupt virtually every economy.