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 many factors affecting the bitcoin price and they are like Supply and demand, Events and announcements against the bitcoin and other altcoins, difficulty in the mining and government plans and decision against the Mining and their farms. Yes, all these really plays a major role in the bitcoin price and i think we can really gauge the trend and price action of the bitcoin if we stay alert with all these factors. Don't worry mate if you are newbie we are here to help everyone, just post your query and we all will try to solve it.