The technical aspect of cryptocurrency trading can not be ignored or underestimated, it is good to learn how to interpret and forecast trading trend! It is a very useful skill every trader should have!
Being a bitcoin trader has risks, profits and losses have become an integral part. Except as a bitcoin investor, HODL continues as long as prices have not risen or profits have not been as large as desired, there are no losses. So to avoid losses a trader patiently looks at the bitcoin movement, wait until the price of bitcoin rises and then sells. Don't wait too long, the price will go down again.
When it comes to trading, a lot of newbie traders should know that the risk involved is very high and the more ignorant you are when it comes to trading, the more you are prone to risks and the more you are going to lose.
In that case, avoiding losses is something that has to do with you understanding that you need to learn as much as you can, as this is basically just the only way with which you can at least make something good for yourself as far as trading is concerned. The approach of people to trading is that, there is an opportunity to make money and they want to just start making huge load of it, but they are not willing to make the sacrifice to learn.