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
Technically bitcoin is not a slave of fiat because both support other side in terms of value and system. It is more like a mutual relationship on both sides. But we also need to engage on supporting crpytocurrency where it could give bitcoin a chance to develop and be a more efficient currency for today and in the future.