I lost money on the market drop. What should I do?

[Fortify]

I lost a big sum of money because of bitcoin fall. What can I invest in to avoid risks like that? Or at least to bear lower risks?   

One thing you will learn through many years of investing or life in general, is that sometimes you need to cut your losses. You are faced with two possibilities right now: Either eat your loss and accept that the money is gone, which means you should probably stay out of the cryptocurrency market in future. Alternatively, if you think that your crypto asset will recover in future you can hold on to it - but you have to face the uncertainty every day that it could fall even further in future, personally I prefer to do without that sort of stress in this highly volatile asset class. One of the first rules of investing is you should not put in more money than you can afford to lose and that is often overlooked by many people to their detriment.

[Flowzer]

I lost a big sum of money because of bitcoin fall. What can I invest in to avoid risks like that? Or at least to bear lower risks?   

You play on future and got liquidated or just got temporary loss because of the price below your buying price?
If you hodl on spot, you can hodl it as long as you can, market could recovery in the future. Meanwhile, you can averaging down your buying price when the dips come.

[uneng]

I lost a big sum of money because of bitcoin fall. What can I invest in to avoid risks like that? Or at least to bear lower risks?    

In crypto universe there isn't any way to avoid risks like this or to bear lower risks. When investing in crypto currency you have to take all the risks and accept the consequences.
As this market is very volatile, you should never invest thinking in short run profits, because sometimes it will take months or years until you are able to cash-out profits. I see you started your investment very well, because you picked the right coin (bitcoin). You just need to be more patient and don't desperate yourself after a fall in price next time. Buy bitcoin again and keep holding.

Remember many people bought bitcoin for 19,000$ years ago and had to hold it for few years until they could sell it for 64,000$ this year, during the last ATH.
Conclusion: the profit isn't overnight like some people say on the internet.

[isaac_clarke22]

It's not a loss, until you sell your Bitcoin.
You sold, didn't you? Don't panic there, and don't FOMO at the same time.

~

This is me like couple years ago. I always refresh BTC to USD conversion every 5 minutes expecting something to happen.
Like what the hell was I doing? Long-term holder checking the price every 5 minutes? What?

[TokenForUs]

I lost a big sum of money because of bitcoin fall. What can I invest in to avoid risks like that? Or at least to bear lower risks?    

Why dont you do DCA ? DCA is the best option in this market condition. You will not lost if you did not sell. Or do you use future ? If you use future trade in this market situation you will probably lose your money even more. Buy and hold good coin/token with good fundamental development.

Lose on your portofolio is and unreal lose if you did not sell your coin.