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
We accept the facts thats at this moments bitcoin is a slave of fiat interms of transaction in currency exchanges,because cryptocurrency for now is not a legitimize currency investment and not regulated worldwide,but soon once bitcoin is become regulated worldwide and become the main currency,i thinks thats time the fiat would been dimished and change to crypto currency.