Why do so many people lose so much money on "inside information"?

1. Normally, you wouldn't buy this coin, but you buy it because you heard the news.

2. If the price goes up, you won't sell because you think it's a waste of money to sell it before the news comes true.

3. If the price goes down, you won't sell because you think you're still worried about selling it before the news comes true.

4. If the price finally goes up, even if it does, it might have fallen so long that it's just returned to the original price. This is the luckiest scenario. In most cases, the price doesn't go up, but instead goes down, getting cut in half, cut in half again, and cut in half again.