Majority of the people lose money and this is quite disheartening in this type of market. Not everyone loses money as their are people that place short trades in the market. These people make money with it in my opinion
Those who lose money are simply those who are dumb enough to end up trading without any knowledge at all. That is certainly what most people in this space do. They opt into trading with very little knowledge and some with no knowledge at all and then think it is just about buying low and selling high. As long as you are a well learned trader, you can make money in any market.