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?
I think the investors demand on bitcoin is one of the main thing that affects bitcoin's price. We all know that bitcoin's value follows the law of supply and demand so we should expect it would go down if the demand is decreasing. This is one thing we should observe before selling or buying bitcoin, carefully observe the volatility to avoid further disappointments or regrets.