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
For me there's a big difference between Bitcoin and Fiat, for now bitcoin was only being used for online transactions while Fiat currency was being used in several ways, like payment to all Food business, car vehicles, Houses, Furniture and transportation and even doing saving money in any banks.