Ok riot what's with my placements??

Ok so i finished last season silver 4, manage to win 6/10 of my placements (despite my 0/12 by 15:00 AD {{champion:38}} telling me he's going to gut me like a pig), only to be placed Iron 1?? How does that calculation work? By that logic even if i won 10/10 games i'd only get high bronze?? Wtf is the point
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