Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is independent? or depends on fiat currency
by
Nhor1011
on 28/09/2018, 23:52:39 UTC
Bitcoin was created to provide independence from Government control to the users.  But I think it is not so independent. 

It depends on fiat currency especially the Dollar for it's valuation.   

My question is ; we are measuring it's value in dollars.  So is not it true that Bitcoin is dependent on fiat currency for it's existence?

Please share whatever views you are having. 

Kindly correct me if I am wrong.

   Bitcoin from the beginning until now is a Decentralized digital currency. The value of bitcoin is not depends on fiat currency because it always depends on the market,the supply and demand.