The market just works on the losses of some and the acquisitions of others.
Yes it's true. But if people made trading decisions soberly, the market would be calmer and many would have less losses.
There is no regulation in cryptocurrency trading and there are a lot of professional traders. And we see the results. Unprofessional traders lose their money.
It is not only in cryptocurrency market unprofessional traders lose their money. The same situation is in Forex. It is necessary to study to be successful trader.