Why is Bitcoin tied to Fiat? Why is Bitcoin value moving like a stock? satoshi said the value will be derived by the limit of total coins. But we are seeing the opposite. Why dont we mathematically calculate the value of bitcoin according to the amount of bitcoin mined?
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Agreed Value * Bitcoins Mined = New Value
0.0010 * 1 = 0.0010
0.0010 * 2 = 0.0020
Now and again the phrasings don't have a place with the financial matters and that is the reason such terms are utilized as a part of numerous posts. As I would see it, Bitcoin is somewhat a substitute for fiat since it can lessen the interest for fiat and consequently can be utilized as medium of trade and for exchange purposes however it can't be known as a flawless substitute since it has not possessed the capacity to supplant fiat up until this point and still individuals request fiat.