So basically what they are saying is that novice traders of BTC have almost no chance unless they are just lucky. Might as well bet the horses
They are saying that the exchanges collect their fees and they don’t really care if whales are churning accounts in order to pump up volume (and subsequently price). But how could the exchanges realistically detect this? And how can we expect them to be judge, jury, and enforcer?
They could detect people who are basically trading with themselves in order to pump up volume. They just choose not to.