No inheritance can stand in a straight line. S2F Writers Plan B believes that this drop is just a compromise.
Bitcoin has fallen below $ 50,000 in recent times and hit a recent low of $ 47,555 on Friday. Plan B, the creator of the stock-to-flow (S2F) Bitcoin price model, said "there is no immediate asset" regarding the recent price. Plan B believes that this price drop could be a "moderate drop" similar to what has happened in the crypto bull market over the past few years.
Plan B sees the decline as "like a short way out".
During the first week of March, Bitcoin.com News reported on the popular but problematic stock-to-flow (S2F) pricing model of Plan B. In the announcement, Plan B believed very high that BTC value was 26% better than the norm. The S2F price model predicts that the price of Bitcoin will reach the stock price in the future.However, since the March report, the price of BTC alone has fallen -26.72% since crypto assets hit a high of $ 64,895.
"Nothing is going right." - Plan B, the founder of S2F, argues that Bitcoin prices are only falling "by half".
Plan B does not appear to be affected by the cost losses. The creators of S2F took to Twitter to cheer their fans on after the prices dropped.
Plan B added, "Nothing is flowing in a straight line. Bitcoin has risen for six consecutive months so far this month. It appears to have halved as we saw in 2013 and 2017."I agree with developer S2F as some believe the current drop is only temporary.
Kraken rep Dan Held tweeted "in time" for the Plan B tweets.
In fact, the Bitcoin S2F model has become a hot topic recently. "Next, let's look at the S2F model from Plan B." It was recently written by a man named Waro.“When the market goes up, we always see the prices fluctuate in the average, even up to 40%.
Writer Wu Blockchain also spoke about the S2F model this week.
The index fell to 1.827126 as Bitcoin slumped, according to S2F regression data from Crypto Quant. The decline in the indicator was larger than the drop in Bitcoin, which could indicate the timing of the buy.
Woo Blockchain
44% of respondents believe Bitcoin will hit $ 100,000, according to recent Plan B survey
A group of crypto proponents believe that lower prices should be taken into account in times of crisis, those who still believe that 6 Bitcoin numbers will come.
"I expect to lose 10-30% in all bitcoin bull markets that occur in 2017 and 2012."A Plan B fan said on Twitter. “Currently, BTC is still likely to reach $100,000 in September, as it fell below the price level estimated by Plan B's S2F model.”
Plan B also has a total of 67,881 votes on Twitter as of April 24, 2021.Research asks people what they think of the S2F model and what the future value of BTC will be.
“Do you expect Bitcoin to hit $ 500,000, $ 288,000 (model S2FX) or $ 100,000 (model S2F) by December 2021, or will BTC be below $ 100,000?”
Plan B reported the search on Twitter
44.6% voted to keep the value in the $ 100,000 range, 25.5% in the $ 288,000 and 21.8% in the $ 100,000 range. Of the 67,881 votes, 8.6% estimated that the value of one Bitcoin (BTC) would reach $ 500,000.
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