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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 price 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 have heard of Bitcoin, few understand exactly what it is or how it functions.

The more we spread the word and grow 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 ease easily purchasing Bitcoin.These days, many Bitcoin exchanges have obtained huge investments from venture capitalists.

You can compare exchanges and see 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 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 asserts to be a man living in Japan born on April 5th, 1975 however there are speculations that he's actually either an individual developer or group of programmers with a penchant for computer science and cryptography scattered around the United States or even Europe.Nakamoto is thought to have created the first blockchain database and has been the first to fix the dual spending problem other electronic currency failed to.

A value of 100 is peak popularity.Google Trends constructions the graph to represent a relative search 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 was half as popular at that time.

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 crowd of technical men and women. Its popularity over time indicates that many of the disadvantages of Bitcoin will likely dissipate as Bitcoin becomes more standard.Unsurprisingly, Bitcoins price has grown with increased demand.

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By gaining a large number of adopters and users, Bitcoin has achieved a network impact that brings even more users. Users who'd otherwise be apprehensive investing in a comparatively unknown and the original source unproven digital currency have been 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 effect have cemented it as the very popular cryptocurrency with the largest market cap.

Bitcoin can attract users better than any other cryptocurrency becauseIt gets the network impact. Bitcoins network supports its value 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 not as prone to drastic swings in price.

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Many Bitcoin consumers are holding onto their bitcoins in check it out 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, they'd be worth about $5.4 million now.

When many people find have flocked to cryptocurrencies purely in search of financial gain, there are a ton of people which are only interested. Some peoples are sticking around and trying to understand what cryptos are all about. While more users 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's achieved 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 world today. This is exciting or unsettling for the huge 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 general potential to interrupt virtually every economy.