If you are black and white then losing control means you have no control. But it's possible to be partially in control, or in control knowing you will be out of control a split second later.
I've had it on my bike, going into a 90 degree right gander at the bottom of a steep hill. I hit the corner and knew instantly that my front wheel was losing traction. I had a choice, to try and steer round the corner or try to lessen the angle add much as possible but going into hedges. I chose the latter as I didn't want to fall into the road. I ended up with cuts and bruises. Nothing broken (me or bike). It knocked my confidence on downhills for about 18 months afterwards.
Was it the best decision? I'll never know.