Mastercard and Visa are at all time highs while bitcoin is bubbling

[worhiper_-_]

Many are calling the end of the bearish trend that haunted bitcoin throughout 2015, but forget to look at the other side.

Mastercard's MA recently reached an all time high, their third quarter financial results report looks good and they're working on what could be described as "an internet of things" for payment processing.

Visa's V on the other hand, hit another all time high just today while still looking bullish. Their earnings are to be announced on Monday. According to WJS, Visa is nearing a 22$ billion deal to buy a European counterpart.

[americanpegasus]

Mastercard and Visa are no more competitors to bitcoin than a car is to a girlfriend.  
  
Initially the guy and his car are a happy duo, but one day a woman comes into his life.  
  
"WTF is this bullshit!" screams the car.  "You can't just ditch me for this bitch; who do you think you are?"  
  
"You don't understand," the man explains.  "You are just a vehicle, and this is a new reality of my life now.  We will still use you, assuming you remain useful, but this new facet of my life will change how you are used.  I can't fall *out* of love with this woman just because you're unhappy about it."  
  
The car was mad   but it knew there was no way to ultimately win this battle, so it settled for transporting the couple regularly after that.  Sometimes it even transported the girlfriend by herself.

[RustyNomad]

Mastercard and Visa are no more competitors to bitcoin than a car is to a girlfriend.  
  
Initially the guy and his car are a happy duo, but one day a woman comes into his life.  
  
"WTF is this bullshit!" screams the car.  "You can't just ditch me for this bitch; who do you think you are?"  
  
"You don't understand," the man explains.  "You are just a vehicle, and this is a new reality of my life now.  We will still use you, assuming you remain useful, but this new facet of my life will change how you are used.  I can't fall *out* of love with this woman just because you're unhappy about it."  
  
The car was mad   but it knew there was no way to ultimately win this battle, so it settled for transporting the couple regularly after that, and sometimes even the girlfriend by herself.

  Good one and so very true. You hit the nail on the head.

[neurotypical]

Deprecated assets can bump too. Guess what has a doomed future but is about to go high again? Exactly, oil.
The markets aren't rational. The only thing we know is, Bitcoin is programable money, and only what's programable and can evolve with times will be sustainable and have real growth. Even if all markets are manipulated including Bitcoin, there are higher reasons to believe in the future with a Bitcoind mindset than a oil or Visa mindset.

[worhiper_-_]

Deprecated assets can bump too. Guess what has a doomed future but is about to go high again? Exactly, oil.
The markets aren't rational. The only thing we know is, Bitcoin is programable money, and only what's programable and can evolve with times will be sustainable and have real growth. Even if all markets are manipulated including Bitcoin, there are higher reasons to believe in the future with a Bitcoind mindset than a oil or Visa mindset.

I don't know man, I find that approach pretty optimistic.

Assets that are "doomed" don't usually reach all time highs in the way there. I might be a pessimist, but with Russia looking to ban bitcoin transactions related to FIAT I feel like bitcoin's market has a total disconnect from the real world. Some Chinese exchanges are also pointing out that their recent increase in traffic could be related to a ponzi scheme, which I think is exaggerated to a big extent but can't be 100% fake.

[Mickeyb]

Mastercard and Visa are no more competitors to bitcoin than a car is to a girlfriend.  
  
Initially the guy and his car are a happy duo, but one day a woman comes into his life.  
  
"WTF is this bullshit!" screams the car.  "You can't just ditch me for this bitch; who do you think you are?"  
  
"You don't understand," the man explains.  "You are just a vehicle, and this is a new reality of my life now.  We will still use you, assuming you remain useful, but this new facet of my life will change how you are used.  I can't fall *out* of love with this woman just because you're unhappy about it."  
  
The car was mad   but it knew there was no way to ultimately win this battle, so it settled for transporting the couple regularly after that.  Sometimes it even transported the girlfriend by herself.

Beautiful analogy!   I LOLed very hard!

[worhiper_-_]

Mastercard and Visa are no more competitors to bitcoin than a car is to a girlfriend.  
  
Initially the guy and his car are a happy duo, but one day a woman comes into his life.  
  
"WTF is this bullshit!" screams the car.  "You can't just ditch me for this bitch; who do you think you are?"  
  
"You don't understand," the man explains.  "You are just a vehicle, and this is a new reality of my life now.  We will still use you, assuming you remain useful, but this new facet of my life will change how you are used.  I can't fall *out* of love with this woman just because you're unhappy about it."  
  
The car was mad   but it knew there was no way to ultimately win this battle, so it settled for transporting the couple regularly after that.  Sometimes it even transported the girlfriend by herself.

Beautiful analogy!   I LOLed very hard!

So beatifull it's /r/buttcoin worthy, right? Too bad I don't have a reddit account.

[bitart]

Deprecated assets can bump too. Guess what has a doomed future but is about to go high again? Exactly, oil.
The markets aren't rational. The only thing we know is, Bitcoin is programable money, and only what's programable and can evolve with times will be sustainable and have real growth. Even if all markets are manipulated including Bitcoin, there are higher reasons to believe in the future with a Bitcoind mindset than a oil or Visa mindset.

I don't know man, I find that approach pretty optimistic.

Assets that are "doomed" don't usually reach all time highs in the way there. I might be a pessimist, but with Russia looking to ban bitcoin transactions related to FIAT I feel like bitcoin's market has a total disconnect from the real world. Some Chinese exchanges are also pointing out that their recent increase in traffic could be related to a ponzi scheme, which I think is exaggerated to a big extent but can't be 100% fake.

What if some other countries also ban the bitcoin transactions? What was the reason in Russia? Lack of control? In China, most of the people was also involved in a state driven stock exchange hype where people were buying lots of shares as a kind of gambling. This lead to increase in price on the short term but after there was a big fall. I don't know if it can have any connection with the increased traffics of the bitcoin exchanges or not.