Bitcoin (CRYPTO: BTC) is gaining widespread acceptance as an asset that will be around for a while, but it can still be intimidating for many investors. It's easy to see why that's the case, as everyone has heard tales of investors losing everything with cryptocurrency investments.

But huge losses are not a foregone conclusion, and with a very simple trick, you'll even be able to avoid one of the most serious mistakes that people tend to make with Bitcoin. Let's dive in.

To start, let's look at a couple of snapshots of Bitcoin's price action to see where it might be possible to mess up your investment, starting with the one-month view.

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Source Fool.com