Knowledge graphs (KGs) represent world's facts in structured forms. KG completion exploits the existing facts in a KG to discover new ones. Translation-based embedding model (TransE) is a prominent formulation to do KG completion. Despite the efficiency of TransE in memory and time, it suffers from several limitations in encoding relation patterns such as symmetric, reflexive etc. To resolve this problem, most of the attempts have circled around the revision of the score function of TransE i.e., proposing a more complicated score function such as Trans(A, D, G, H, R, etc) to mitigate the limitations. In this paper, we tackle this problem from a different perspective. We show that existing theories corresponding to the limitations of TransE are inaccurate because they ignore the effect of loss function. Accordingly, we pose theoretical investigations of the main limitations of TransE in the light of loss function. To the best of our knowledge, this has not been investigated so far comprehensively. We show that by a proper selection of the loss function for training the TransE model, the main limitations of the model are mitigated. This is explained by setting upper-bound for the scores of positive samples, showing the region of truth (i.e., the region that a triple is considered positive by the model). Our theoretical proofs with experimental results fill the gap between the capability of translation-based class of embedding models and the loss function. The theories emphasise the importance of the selection of the loss functions for training the models. Our experimental evaluations on different loss functions used for training the models justify our theoretical proofs and confirm the importance of the loss functions on the performance.