You can’t lose money in Bitcoin if you just buy regularly and hold long term. The only way to lose money in Bitcoin is to be a day tarder (typo intentional).
Just DCA over many years and you will do very well.
Beginners who have the intention of buying Bitcoin to hodl can lose Bitcoin based on their decisions or even the mindset of getting rich quick in Bitcoin. After hodling for some time, it can get boring, which may lead them to decide to sell, and this can lead to losses.
However, real hodlers who are disciplined and mean it when they hodl Bitcoin long-term don’t lose Bitcoin. Real DCA investors accumulate Bitcoin without having the expectation of making a profit in a short time; the goal is always long-term.
The cause of their boredom is as a result of high expectations from Bitcoin. They always feel that bitcoin price will always increase which makes them feel bad if the price somehow dip. They will start having doubt on their investment which make them to neglect their investment plan. A very common cause on why investors/beginner are unable to hold bitcoin for a long time is because of their poor financial planning. It can come in two ways;
- it's either they buy Bitcoin with amount of money that they may need soon or can't afford to lose
- Neglecting their emergency funds ( either by not having anyone or just little amount of emergency funds which can cover any urgent matters)
Without both , a dip in the market might force them to sell at loss. When it comes to holding, its not easy for an investor to do it. But if they have a strong conviction, plus good finances and discipline it's possible for them to benefit in the long run. Investor should have an exit plan on knowing when to sell after holding for a period of time.