A short excerpt from a YouTube video by Kosta Ouzas arguing that roughly 97% of traders eventually lose money because crypto markets are dominated by algorithmic trading; he suggests that to compete one needs algorithms rather than human-only trading. The clip frames trading losses as structural (algorithms vs humans) rather than individual incompetence.
97% of traders lose money over the eventually, pretty much. It's like the casino, right? If you play casino long enough, the casino, usually the house, wins. Why? It's not because you're less smart than the other traders. It's because you're playing against algorithms. It's all algorithms. The crypto market is nearly all algorithms. Now, how are you going to be an algorithm? You're going to stay up all night? You need an algorithm to be an algorithm. You need an algorithm to be an algorithm, correct?
