Will a $700 turntable outperform a CD player?

@cal91... streaming in like the internet jukebox at the bar. You can control it from your phone and you never have to get up to swap your cd or lp. You have hundreds of cds... I have Tidal and Qobuz which each have around 50 million tracks (yes there is overlap in the catalogs). You can play entire albums front to back or you can pick through and just play the songs you want. You dont even have to skip through the unwanted tracks unless you prefer to do it that way. You can just queue up the tracks you want to hear if you would rather. If at the end of the night you were particularly fond of your listening session, you can save the whole list and revisit it again later at the push of one button. You can listen to new albums before you buy the physical copy to see if you like them.  You can revisit old albums you don't own and you can explore deeper into an artists discography. 

I am a vinyl guy first and have much more money invested in my vinyl rig. But I also have a streamer and a DAC to fill in my collection. I can't imagine not having both. My Dad is about your age and after a year of saying pretty much the same things as you I finally got him to buy a streamer... He loves it. He is discovering new music which has led to more vinyl purchases. We send eachother recommendations on newly discovered albums. He will never go back. 

You really are missing out by not even knowing what you are missing (paraphrase of what my Dad said after the fact). Best of luck.

There is NO question streaming is the way to go to explore new music. The access to new (even old) recordings is amazing. Some streaming services are better than others. But hands down, for  variety and convenience, streaming cannot be beat. 

@guy-incognito

Thank you. You have convinced me that I need to look into it. I was in an audio shop in Richmond, VA where the manager was talking about streaming. I'll see what they recommend. I understand that some services have better SQ than others. Any suggestions?

@geof
If that's the case then maybe I could find the recording of Menuhin and Oistrack playing Bach's Concerto for Two Violins. There's a Youtube video but I've never been able to find the CD.

@dsper

When you compare DAC and hi-fi turntable the music itself is important, on vinyl you must have original pressing of the well recorded albums from the analog era (recorded and mastered in analog). Those albums are pure magic, if your system is not capable to reproduce music from those albums it is your system fail, not the LP. 

When you're listening to modern music (digital files) it is recorded digitally and mastered digitally, often compressed. In this situation you can hear exactly what's on the master. 

To do so with analog you need a Master Tape or Direct Cut record. 
Or very well recorded and pressed LPs (not re-issues). 

For vinyl you need a decent phono stage in your analog chain. 

MAYBE depends on the cd player if it is an Esoteric K03XS then yes.