Post
Topic
Board Bitcoin Discussion
Re: What major factors affect bitcoin price?
by
Suffoc8
on 09/04/2018, 23:16:40 UTC
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 one factor that may affects the price of bitcoin is the demand of bitcoin on the market, for an example if the demand of bitcoin in the market is high then probably the proce of bitcoin will getting higher and if the demand is low then it will go down.