Quote from: undeadbitcoiner on January 07, 2014, 04:12:12 PM

Quote from: jl2012 on January 07, 2014, 03:49:39 PM

Quote from: djbooth007 on January 07, 2014, 01:34:55 PM

Quote from: chuckscap link=topic=403474.msg4365202#msg4365202

3. Mining difficulty will increase, but unlike in the past year, ASIC technology will not keep up with the demand for new bitcoins. The new THs miners when they finally appear in late spring will be lucky to generate .5 BTC/day after a few months. I think the mining technology curve is flattening out which will only slow the increase of supply which will in turn drive bitcoin prices up.

Slow the increase of supply? I think you need to do a bit more research into how bitcoin works before i can take your predictive capabilities seriously, even though i agree with $5k and beyond.

No, the OP is correct, think carefully. (yes, I DO know how Bitcoin works)

OP is Correct but his Points are little uncapable,
Bitcoin Supply will be decrease not because of THs Miners which are comming next few months but after the block reward will break dowm to 50%, Increase of Demand and Dicrease of supply. But untill block reward is same supply will be the same.
Note: I agree with OP's 5K price, I am going to live my life untill Bitcoin hits 50K+

No, the OP is correct even before reward halves. There are currently more than 2016 blocks in 2 weeks, which means the inflation rate is actually higher than the design. If the mining power stabilises, the inflation rate will be back to normal, which means going down