For several years, the pseudonym Plan B, creator of the popular stock-to-flow (S2F) bitcoin pricing model, has attracted 1.8 million Twitter followers and is a very famous He has become a bitcoin influencer. However, Plan B and his pricing model have been much criticized after the S2F pricing model failed to materialize and fell well short of its price target in 2022. On Tuesday, Ethereum co-founder Vitalik Buterin slammed the S2F pricing model, saying that “a financial model that gives people a false sense of confidence” is “harmful” and deserves to be ridiculed.
The Plan B stock-to-flow bitcoin pricing model is not as popular
as it once was.
This week, several specific pricing models have been ridiculed because people have noticed that the bitcoin price does not follow the.” Rainbow” price indexand Plan B’s famousstock-to-flow pricing model. The pseudonymous creator of the S2F model caught the attention of the crypto community a few years ago on March 22, 2019, when he published aeditorialcalled “Modeling Bitcoin’s Value with Scarcity” that went bullish in late 2020 and into 2021. Plan B statements and pricing models were revered, and sometimes analysts’ predictions came true.
In January 2021, Bitcoin’s (BTC) USD value seemingly followed the S2F model, and at the time Plan B said, ” Bitcoin’s stock-to-flow model [is] on track…. like clockwork. “At the end of June 2021, Plan B gave aupdateon his “worst case scenario for 2021.” Analysts said.” Bitcoin is below $34K, sparked by Elon Musk’s energy FUD and China’s mining crackdown. There is also a more fundamental reason for the weakness seen in June and possibly July: my worst case scenario for 2021 (price/on-chain basis): August>, September>: 47K, September>: 43K, October>: 63K, November {119}: 98K, December>. 135K.”
Predicting is hard, especially the future; EMH even says it’s impossible to predict financial markets. For those still interested in models, here are fivevaluation models for BTC
– Time (log regression, rainbow) and S2F too high
– UTXO/TX too low
– Difficulty/Mining_cost currently best pic.twitter.com/9FYCbWmbp7– PlanB (@100trillionUSD) is
After publishing a “worst-case scenario” forecast, August, September and October seemingly reached Plan B’s projected targets. However,BTChit an all-time high on November 10 at $69K per unit, but failed to reach the $98K level, and December was far from that. Fast forward to the end of the first quarter of 2022 andthe price of BTCcontinued to fall, and now the prices of the major crypto assets compared to the S2F chart are well off the radar. Plan B and his pricing model have been criticized in the past by well-knownsupporters of BTC. For example, Steve Barbour, owner of Upstream Data, oncetweeted:
The S2F model is a used car salesman approach to meme bitcoin to the moon.
Buterin says “Stock-to-Flow Is Really Not Looking Good Now”
More recently, the Plan B model has been more heavily ridiculed and ridiculed
Ethereum advocate Anthony Sassanotweetedabout the S2F model and Plan B predictions.” The “stock to flow” model is such a disaster that Plan B should delete the account.” Sassano said. ‘But he won’t because, sadly, he still has 1.8 million followers and eats all his hopium trash every day. The tweet then caught the attention of Vitalik Buterin, co-founder of Ethereum, who also commented on the topic.
“Stock-to-flow is really not looking good now,” Buterin said retweeting Sassano’s statement. “I know it’s rude to gloat or anything, but the numbers are Remember who supported S2F and who ridiculed it, even when S2F seemed to accurately depict the trend line,” added the Ethereum co-founder.added
Plan B responds, telling fans of the analyst to “keep posting – we enjoy the perspective you bring”
Plan B responded to Buterin’s remarks, retweeting his tweet on Tuesday with some criticism of the “failed project.”
“After the crash, some people are looking for scapegoats for failed projects and bad investment decisions,” Plan B said. Not only newcomers, but also “leaders” become victims of blaming others and playing the victim. Remember those who blame others and those who stand strong after a crash.” Plan B alsoretweeted an individual who wrote that “Ethereum’s ‘ultrasonic’ talkonomics is based entirely on S2F.”Plan B also explained earlier in the day that he shared his analysis and charts for free.
“So I share my analysis and charts FOR FREE,” Plan B wrote on Tuesday. “That means. Now Covid, China ban, Russian war and inflation tank all assets including bitcoin … And somehow some wimps blame me for their investment decisions. Lame.”
She gets a 10, but according to PlanB
– Cryptograffiti (@cryptograffiti) 6/21/2022
As mentioned above, S2F is being targeted as wrong, but the “Rainbow” price indicator has also been mocked over the past two weeks. Likewise, the Rainbow chart does not includeBTC‘s price, but someone said that adding a few purple lines would make the chart work again.” I have created a new and improved model for the Rainbow chart.” Twitter account @Levelsdennis tweeted
Meanwhile, many bitcoiners sympathized with Plan B and told them to keep working.” Sure. Keep posting pls – I enjoy the perspective you bring,” a popular Twitter account with 1 million followers and named @BTC_archive told the pseudonymous analyst.
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