Quote from: Michael Robinson on November 10, 2014, 04:45:40 AM

I'm sorry, but "If our data is inaccurrate, then don't use it" isn't a justifiable defense. If your data is meaningless or misleading, you shouldn't be posting it. This thread is starting to become the "boy who cried wolf", it is inaccurate so often nowadays, you don't even believe it when you see it. It's become a joke. And to continue to post bogus data is dangerous and immoral.

The thread owner is doing his best to interpret scant data that SMBIT publishes. If that data is inaccurate or misleading, blame SMBIT. I don't recall he ever presented this site as anything else, in particular as a trading guide.

And, by the way, SMBIT is supposed to buy or sell 0.1 BTC whenever the public buys or liquidates one of the fund's shares. Thus, them buying or selling is independent of what they think the price will do, it only reflects what their customers think. They are no more likely to have "insider info" than the traders at the exchanges.

This data is very valuable as an indication of the public acceptance of bitcoin funds like SMBIT. I wish there was similar data for PBP and other funds. I hope the thread owner continues to post it.