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?
There are basically two major factors that affect the bitcoin price which are the demand and supply. Therefore, whenever there is a high demand of bitcoin the price will get higher, and when it is low bitcoin price will fall. The bitcoin is very valuable today because it has a limited supply of only 16.7 million bitcoins in circulation worldwide at the moment, and the demand of bitcoin is higher than the supply.