Indeed, bitcoin has shown its potential over the past years, starting when I met it at a high price compared to what it was when others entered the market. The price was earlier even below $1, and it took a gradual process to get to where it is right now, which is an amazing movement.
 
Bitcoin did not come this far on its own; the growth result has been a replica of how many people believe in it, and it has continued to grow, and it will still see more even with all the internal and external challenges that the currency does face from time to time, which sometimes leads to price drops and, after a while, a price correction.
 
$42k is among the highest prices it has reached, not its ATH. I believe after the halving we might see a new ATH, but that' won't happen immediately; it might take some time, and we might even see some drop in price before the initial price pushes up. We just have to hold what we can and see how it goes. Not having too much expectation will reduce the disappointment many might get as a result of them not seeing the price they believe it will reach at a certain time.

Almost like fine wine, most people who want it or can afford it, know not enough about it to distinguish between fine and not-so-fine wine Hence why so many think alts are superior.

I'm happy to drink good wine, I think gourmet flavours are not for my palette. Also happy to have sommeliers tell me Bitcoin's aging great

OP you are right in a few different ways.

Bitcoin gets better with age

Some people like buwaytress above like to drink and savor it use it when its ready, others
like to HODL it for a more important occasion or even collect it for a longer time.

Some people are very enthusiastic about getting involved and others are experts and can
distinguish  between what is vinegar^$hitcoins and what is Fine Wine^Bitcoin

Others who are not in the know or not experienced think its 'corked'

Bitcoin gave up a lot of opportunities for so many people that believe in it. Yes,  it started as a low-priced coin, but who knows that it will skyrocket and become more popular? As we know, its technology is unique and was created by Satoshi, which leaves a legacy for all of us. Over the years, bitcoin has kept on growing because it has a good road map and technology, and also because many people are believing it, which contributes to bitcoin's growth.

As long as bitcoin is being mined and many people are still investing in it, it will keep on growing and give more opportunities to a lot of people. Bitcoin is complex and hard to study, but with effort and time, you will be rewarded. You just have to have patience and keep on growing. It's still not too late to invest in bitcoin, so beginners and those who are wary of investing should take the risks.

I like the comparison & I definitely agree that Bitcoin is like a fine wine. It becomes more esteemed & more valuable as time passes. I guess the question to many holders is how long can you hold it without opening/selling to enjoy it’s flavour. No, being serious, Bitcoin continues to increase in value & gain increasing widespread adoption. It won’t be long before it is unaffordable for even the middle class to own even one Bitcoin.

I like this comparison. Bitcoin is indeed getting more valuable with time, although I'm not sure that it's working better than it used to (considering that the overload of transactions is sometimes leading to issues that weren't there before). Adoption is happening at a slow pace, but there's still a lot of potential there. The comparison is optimistic, but it's the start of a new year, so perhaps a good time to be hopeful and to expect Bitcoin to actually get better over time. Not just more expensive, but also better in terms of usability and reputation.

It's true that we can liken Bitcoin to fine wine that gets better as time passes, because it has continued to proof it's worth from the time of it's creation, it's value has continued to increase till today. I remember when it came on board as the first digital currency, people were very skeptical about it, many thought that it was a Ponzi scheme or a scam and after sometime it'll vanish with it's investors hard earned money. Today Bitcoin has proven critics wrong, many of them have turned believers and started it's investment, better late than never because they've seen that it's acceptance, adoption and profitability keeps increasing, and they can predict that it will keep getting better as time goes by. Bitcoin investment also gets better and sweeter if kept for a longer time.

I think the analogy is correct to a large extent because Bitcoin keeps getting better as it gets older. Sometimes the price fluctuates and reduces to a large extent but the good thing about it is that it will always recover. Hopefully, the price will beat its current ATH by next year and investors will be able to gain some profit. DCA strategy is the best if one intends to invest in Bitcoin because it is convenient and reduces the level of risk. But buying a lump sum when the price has dropped to a large extent will not be a bad idea if you have the funds to invest.


The Bitcoin market has never experienced the level of institutional Investment that the Spot Bitcoin ETF will attract. And this event might coincide with the halving which might make the market keep pumping. The market now seems unpredictable and it is possible not to experience any significant drop in price until we enter the bull run proper.

It's indeed like a fine wine looking at the age and performance since its invention and when you compare Bitcoin with Assets like Gold, very young but great performance. It is very clear that BTC is becoming more valuable and acceptable because of its usability, if you check the rate of institutional interest lately, there is a drastic increase on their side showing it credibility. I wonder what would be the price of Bitcoin with more adoption in the future, next 10, 20–30 years from here when more people who are yet to join the trend get on board.

​I don't see it as a wine, Rather, I would liken it to honey rather than wine, because the older honey gets, the more precious it is. the start is always taken from the first step and as any product climbs the ladder of success, its value and importance also increases. so the price of Bitcoin was negligible at the start, but now many people want to buy Bitcoin, but don't have the buying power.


You can still do DCA, but the best time to do DCA was when the market was falling, now the market is recovering. It may happen that at the price you buy now, you will have to make the next purchase at a higher price instead of a lower price. so I don't think DCA will be more suitable now. no one can say anything about the future with certainty, but everyone has the same guesses that Bitcoin can prove to be an excellent asset in the coming time.