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?
Like
Agreed Value * Bitcoins Mined = New Value
0.0010 * 1 = 0.0010
0.0010 * 2 = 0.0020
Because we still can't buy a burger with bitcoin, we still can't buy a can of cola with bitcoin, we can't pay our electricity bill with bitcoin. Honestly the best way that the bitcoin can spread around the world is payment options, the more things we pay with bitcoin will mean more bitcoin will get independent from fiat.
Until that happens people are still using fiat to pay for all of those things. Also there are people who buy and sell bitcoin because they want to get rich quick. They are ruining bitcoin for all of us.