Yes, bro, before we start investing in Bitcoin, we must first understand how it works, and how we can anticipate losses. Indeed, in investing, ups and downs are normal, but we must have guidelines to equip us to go through it all, we must also preparing a strong mentality for our own stability in facing all problems, a strong mentality will maintain our pattern of stability in investing, that way we won't make mistakes in making decisions.
Understanding bitcoin is certainly not difficult because there is a lot of literature available and you just want to read and want to know, then we at least know the outline.
Anticipating losses in every investment is very necessary, and I really agree with that, but if you understand bitcoin, then bitcoin is an investment with very little risk but requires patience because it is a long-term investment.
If you are impatient and panic quickly when you see the price go down, then you must immediately get rid of that feeling and don't need to be upset when it goes down because it will increase by itself, but the most important thing is that the funds you use are believed to be free from other needs.
For the matter of knowledge of course it comes back to how big or how strong your intention is to learn, simply if you have a strong intention and determination then over time you should have at least a little knowledge about what and how to invest in bitcoin. But it is a fact that unfortunately most beginners focus more on the benefits but do not learn the various important things that will actually be a guideline in their journey so that in the end instead of making a profit but what happens is they experience significant losses.
Basically, however, investment will always be a risky activity regardless of the type of asset, so of course I also agree that risk management is a very important aspect that must be known, understood and owned by an investor, especially beginners. Another thing is that a strong mentality and psychology are also abilities that must be possessed by an investor, this is a very useful ability, it can lead to risk management such as avoiding feelings of panic when seeing asset prices fall and can also help you maximize profits by not feeling hesitant when you want to make a decision.