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
Until now, bitcoin price still depends on dollar. In fact, if there is no conversion of btc then it has no more value at all. If we want to have it a value without depending of dollar conversion then bitcoin should have stability with its price. If that happens, BTC will become independent in fiat.