Topic: Bitcoin have behaved like a fine wine 🍷 - page 2. (Read 371 times)
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.
Comparing this analogy to bitcoin because over time it is more valuable and it is a better quality wine.
That's what I'm still doing by DCA to bitcoin even though the current price is $45K the return is still worth what we get later especially in this year and next year 2025 it will be a moment or event prices will definitely go up, so I want to hoard bitcoin the same as wine which the longer it is hoarded the more expensive it will be.
It's only been 14 years and what we've seen has really changed the world in part by affecting some economies financially they like it.
That's what I'm still doing by DCA to bitcoin even though the current price is $45K the return is still worth what we get later especially in this year and next year 2025 it will be a moment or event prices will definitely go up, so I want to hoard bitcoin the same as wine which the longer it is hoarded the more expensive it will be.
It's only been 14 years and what we've seen has really changed the world in part by affecting some economies financially they like it.
Bitcoin is really a fine wine,🍷 because it gets better with age, since it creation, it has progress significantly into an asset that is worth having, from the days when it's value was not even up to $100 to now that it's over $42000 plus, I just believe that after this next halving it will gets even better, and now is the best time to DCA into Bitcoin, because the reward will be worthy of the wait.
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.
$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.
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.
your analogy about bitcoin being like fine wine is very true, where it gets better the longer you hold it in your wallet. we can see that since it was launched by satoshi until now it has increased tens of thousands of percent and it is not an exaggeration to say that bitcoin is the best digital asset to invest in.
the potential of bitcoin is undeniable and its adoption will increase in the future, and if holders want to experience the best taste of bitcoin then they have to invest in it for a long period of time, either with dca or with a lump sump, they can choose which is the best investment strategy for their investment.
the potential of bitcoin is undeniable and its adoption will increase in the future, and if holders want to experience the best taste of bitcoin then they have to invest in it for a long period of time, either with dca or with a lump sump, they can choose which is the best investment strategy for their investment.
Bitcoin is really a fine wine,🍷 because it gets better with age, since it creation, it has progress significantly into an asset that is worth having, from the days when it's value was not even up to $100 to now that it's over $42000 plus, I just believe that after this next halving it will gets even better, and now is the best time to DCA into Bitcoin, because the reward will be worthy of the wait.
Right now, it's just a 14 years old teenager still trying to find it feet in terms of adoption all over the world.
But am really confidence that it will get even better from it value, popularity and adoption because it's a fine wine 🍷 that gets better with age.
Right now, it's just a 14 years old teenager still trying to find it feet in terms of adoption all over the world.
But am really confidence that it will get even better from it value, popularity and adoption because it's a fine wine 🍷 that gets better with age.
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.
It's like a fine wine in terms of adoption I believe. Not on it's price because bitcoin is still volatile, it could pump and dump any time, and it cannot be said it's consistent like a fine wine which there is an assurance that it would taste better as it age.
As believer of its potential, we should focus on its adoption rather than it's price as currently we aren't at the peak, we are still lower than the current ATH.
As believer of its potential, we should focus on its adoption rather than it's price as currently we aren't at the peak, we are still lower than the current ATH.
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.
Bitcoin is really a fine wine,🍷 because it gets better with age, since it creation, it has progress significantly into an asset that is worth having, from the days when it's value was not even up to $100 to now that it's over $42000 plus, I just believe that after this next halving it will gets even better, and now is the best time to DCA into Bitcoin, because the reward will be worthy of the wait.
Right now, it's just a 14 years old teenager still trying to find it feet in terms of adoption all over the world.
But am really confidence that it will get even better from it value, popularity and adoption because it's a fine wine 🍷 that gets better with age.
Right now, it's just a 14 years old teenager still trying to find it feet in terms of adoption all over the world.
But am really confidence that it will get even better from it value, popularity and adoption because it's a fine wine 🍷 that gets better with age.
I think just like most other assets, they developed overtime like Gold. But the thing with Bitcoin though is that it is the first, the prime mover and so everyone jump on the bandwagon and it's throughout it's young infancy, and as far as the price goes it has developed and now we are entering another block halving, and so for sure we will be looking for a new all time high again.
Let's see in the next 14 years, and yes maybe it will really grow as we expected and the value itself will be like in the 6 digits, or as you describe it, a fine wine, a highest quality crypto.
Bitcoin is really a fine wine,🍷 because it gets better with age, since it creation, it has progress significantly into an asset that is worth having, from the days when it's value was not even up to $100 to now that it's over $42000 plus, I just believe that after this next halving it will gets even better, and now is the best time to DCA into Bitcoin, because the reward will be worthy of the wait.
Right now, it's just a 14 years old teenager still trying to find it feet in terms of adoption all over the world.
But am really confidence that it will get even better from it value, popularity and adoption because it's a fine wine 🍷 that gets better with age.
Right now, it's just a 14 years old teenager still trying to find it feet in terms of adoption all over the world.
But am really confidence that it will get even better from it value, popularity and adoption because it's a fine wine 🍷 that gets better with age.
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.
It has indeed matured and evolved over the years, gaining value and recognition and its early achievements are undeniable. DCA is a patient move to savor the rewards later, and the long-term investment strategy for Bitcoin is the most successful in this volatile market. The upcoming halving event is indeed anticipated to bring about significant changes, and it’s exciting to think about the potential rewards for those who choose to DCA into Bitcoin now. I’m confident in its future growth, not just in terms of value but also in popularity and adoption.
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.
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.
Good analogy we can also look at it as an investment a good wine requires a long time to reach a certain wanted taste so depending on your goal is how you decide how long will you store a wine if you have already invested in bitcoin, the longer you hold it the better just like wine however at the end of the day it all depends on your goal
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 WineBitcoin
Others who are not in the know or not experienced think its 'corked'
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 WineBitcoin
Others who are not in the know or not experienced think its 'corked'
Well fine wine it is but don't ingest too much as it could get you drunk. Bitcoin is a good choice for investment and from the looks of it, it will continue to grow. From 2009 to 2024, that's a long journey Bitcoin have made in order to reach what it is today. It was not a smooth journey, there were ups and downs as well in it. Those who were successful of taking advantage of these ups and downs, are the people who are real bitcoiners.
Thinking Bitcoin has a fine wine and keeping it stored not checking when to take advantage can be a foolish decision. Yes it is a fine wine but you need to have a test every now and then in order to understand how good it has become. You should never miss any opportunity if it's in front of you. We need to learn this as well if we want to be as successful Bitcoin user.
Thinking Bitcoin has a fine wine and keeping it stored not checking when to take advantage can be a foolish decision. Yes it is a fine wine but you need to have a test every now and then in order to understand how good it has become. You should never miss any opportunity if it's in front of you. We need to learn this as well if we want to be as successful Bitcoin user.
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
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
Debatable though, because I have heard that persian carpets and most notably women get better as they age and mature, on the other hand, we have Bitcoin, as it ages more and more people realize there is something they haven't screwed yet, so they come and try their best, one could mention ordiballs, erc20 whatnot and other garbage out there. 😉
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.
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.
Bitcoin is really a fine wine,🍷 because it gets better with age, since it creation, it has progress significantly into an asset that is worth having, from the days when it's value was not even up to $100 to now that it's over $42000 plus, I just believe that after this next halving it will gets even better, and now is the best time to DCA into Bitcoin, because the reward will be worthy of the wait.
Right now, it's just a 14 years old teenager still trying to find it feet in terms of adoption all over the world.
But am really confidence that it will get even better from it value, popularity and adoption because it's a fine wine 🍷 that gets better with age.
Right now, it's just a 14 years old teenager still trying to find it feet in terms of adoption all over the world.
But am really confidence that it will get even better from it value, popularity and adoption because it's a fine wine 🍷 that gets better with age.
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