I am a total newbie to this forum and don't know very much about crypto currencies.
What are major factors affecting bitcoin (or any other crypto currency) price? Is this mostly supply and demand, do other factors (difficulty of mining, hash rate, etc) play significant role in bitcoins price?
Let me name you two major factors that mainly affect the price of bitcoins. 1st off is supply and demand. Supply and deman usually dictates the price of bitcoins specially when there is a dump of bitcoins with lower price, then the overall price will decrease slowly; likewise when there is a demand, the price goes up, and then other sellers will follow the price point as well. Another factor that affects bitcoin price is the competition. A lot of competition may arise during bitcoin's stay, some present better features which may come at a better price. This may lower or even increase bitcoin's price by some margin.