Why should we stay away from “insider information” when buying and selling Bitcoin?

Bitcoin has been rising for several days in a row, but there has not been any major positive news in the entire community.
In 2014, there was a lot of attention paid to Bitcoin news. At that time, the price of Bitcoin was extremely affected by news. How serious was it? It was so serious that some people deliberately created news to manipulate the market. The most famous news that affected the price of Bitcoin were "Joint Statement of Five Ministries and Commissions", "I Have Read This Document", and "Li Xiaoxiao Series".
At that time, people who traded in cryptocurrencies kept an eye on the Weibo of big Vs, and would look for news on Weibo, QQ groups, and WeChat groups whenever there was a price fluctuation. Everyone was like a frightened bird.
Some dealers will maliciously release false information to cooperate with operations, and some will even create news to manipulate the market. For example, some people will maliciously report to the police, saying that the exchange rules are illegal, etc., to cooperate with shorting Bitcoin. In 2014 and 2015, such horrible things often happened. I heard that many big Vs were called in by the police for tea. Some people will launch DDOS attacks on exchanges to cooperate with futures operations. If a lot of good news suddenly emerges in a short period of time, don't pay attention to it, because the dealers are going to ship.
Before 2015, news that could have a significant impact on the price of Bitcoin included: the attitude and behavior of the government; the attitude and behavior of large companies; the remarks of big Vs; and various insider information.
It's different now.
Now the Bitcoin price market has finally improved a lot. Even though the exchange Bitfinex was hacked and the price fell by 20% in a short period of time, it quickly rebounded by more than 10%. Such a big black swan event was quickly forgotten by the community.
This year, Bitcoin has been rising continuously. Many people are still accustomed to looking for the news behind it, such as Trump's coming to power and India's demonetization. However, the price did not jump up in a hurry because of these news, but slowly digested them and the price rose slowly. This may be a healthier market.
Now on Weibo, WeChat groups, and QQ groups, when prices rise or fall, there are still people looking for the reasons, but it is no longer as enthusiastic.
When buying and selling Bitcoin, I think it is best to stay away from the news market, or at least stay away from "insider information."
First of all, insider information itself is very uncertain and often contains a lot of falsehoods, or is simply a rumor. Investing based on rumored information will lead to failure. Insider information is difficult to obtain. Where in the world can there be so many inside information? If it is hard-earned inside information, who the hell is crazy to tell you? I can make money on my own. Deliberately spread insider information is often bait.
Secondly, even if insider information is true, it is often illegal. Just like leaking state secrets in advance is illegal. Bitcoiners, as a social citizen, it is wiser not to test the law.
Third, investing or learning about Bitcoin based on insider information will lead to a drug-like dependence. It will breed laziness, laziness for analysis, and aversion to research, which will inevitably lead to you losing yourself, giving up self-judgment, giving up self-research, and eventually turning you into a person who depends on others. This is a person without self-confidence. And even more so, a person without a future.
The author believes that it is a good quality to insist on independent thinking, stay away from insider information, and stay away from opportunism. (Lightning HSL/Huang Shiliang)