Quote from: manismanja on April 17, 2018, 04:38:14 PM

Quote from: xrates on August 17, 2017, 08:36:55 PM

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.

One factor that affects bitcoin and the price is how people thinks, a lot out there that cryptocurrency was encountering because some people and companies does not want this crypto to exist, so they are doing anything to make fake news in the public so it is up to us how we are going to affect on this.