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 price movement of bitcoin is strongly influenced by the very high demand and the very limited supply and not only that for now it seems that the media can also trigger the increase and decrease of bitcoin price.