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
It is hard for people to leave the currency. Over time, it proved to be a very effective system. It is linked and expanded into a solid and easy-to-reach system. Bitcoin is still young and it takes time to secure its full potential.