You can still make as many loops as you like. One loopy bow I bought has about 10 loops then there is tons of extra pieces in between each loop. No need to add space. You want everything pushed close together to help give it a full look when you are done. Make a loop and wrap then push loop up and keep adding pieces and making loops. You do want everything nice and tight.
Here are two bows I bought. The first has about ten loops but tons of extra stuff added between the loops. (Blue one) It is on a smaller clip.
The second (red one) has about 4 loops with stuff added but not pushed together. You can really see the difference in the two of them.
Sorry they are not the best photos. I stopped typing and grabbed my camera!