For example, let's say I believe BTC will go down. So I BUY BTC. And then I wait for it to go down and then SELL.
Don't I lose money?
What you are talking about is futures trading. If you want to profit while bitcoin is to drop, what you have to do is to sell and not to buy. By this selling if the price begins to drop, you begin to make profit from where you have entered. Futures allow you to make profit from long or short, that is buy or sell position are possible for profit if you enter at the right time.