We definitely have had a lot of experiences here in the past on how we should not trust any entities with our finances. Just now FTX is another example of that but egocentric influencers were always a part of that and Plan B has been a prominent figure of that especially last year. Rewind to October 2021 and we would be mooning right now and have nearly exactly matched the predictions of an infamous model from PlanB for two months but this people seemed so confident in saying that the other predictions, which had us at $98k and $110k by year end, are all but inevitable. All that just to be brought back to the realm of reality and the start of the second-longest bear market now. Stock-to-Flow chart from lookintbitcoin Now one of his models and his most popular and in comparison very conservative model has also failed. The Stock-to-flow model. As you can see from the graph, his model is best on a step-by-step chart pattern. We rally to a certain price and then consolidate until the next bull market. But we have clearly seen now that this is not the case anymore. In fact, we are 74% below his models linear regression line. PlanB is literally the prime example of influencers talking shit that way too many believe without questioning. We should be better than this and hope after those examples from Kevin O‘Leary to PlanB we have finally understood to not blindly trust. [link] [comments] |
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