Crypto is dead

Most people lose at just about everything.

If you aren't an exchange owner, Bitmain CEO or another insider you're "most people"

this

It is intrinsically wasteful because discovering truth is intrinsically surprising.

You won't make as much as insiders or big exchange owners. But that doesn't mean you need to be losing money. For some reason, people have this idea that it's impossible to win with trading. Proper risk management and good trading practices mean you can lose on most of your trades and still come out on top. You don't need to predict the future perfectly to find good trades either, though doing good research will put you ahead of most.