In conclusion, it is very important to remember that losses are part of investing in bitcoin and cryptocurrencies and as investors, we must be prepared for them. Don't get caught up in negative emotions such as anger or disappointment when you experience a loss, but use it as a lesson to improve our investment strategy going forward.
In Bitcoin, you won't lose anything unless you sell and the same thing to attain profit you also need to sell. That is a proven fact. Bitcoin losses can be avoided by holding and waiting for the price to recover and selling at a profit.
The bitcoin market is proven to be cyclical, it means it goes up and down until it records another all-time high. Although I agree that losing is part of the investment (not only Bitcoin and cryptocurrency) but there are methods that we can use in order to minimize or avoid losses, especially in Bitcoin investment. One of which is analyzing the market and knowing the right time to enter. We can either use fundamental analysis or technical analysis or both in order to gain an advantage when entering the Bitcoin market. The same goes when we wanted to sell at a profit.
In short when it comes to Bitcoin investment, if we wanted to avoid losses, we need knowledge about the history of Bitcoin, the trend of Bitcoin, and the patience to wait for the right time to get profit in our Bitcoin investment.