Bitcoin investment

Bitcoin is supposed to be a good investment option, but people around it are devastating it. Bitcoin is, I assume, traded mainly amongst those who are emotional and empty-headed. Sometimes, the stock market is emotional, but the Bitcoin market is more effortlessly heated and frozen anytime. How do you make a profit from there? You should probably be rational and fill your brain with your thoughts.

First, limit your amount of money for

investment in Bitcoin because the market's volatility is pretty much insane,

and nobody can predict the short-term price shift of the Bitcoin market. What is more, if you invest money in Bitcoin, you will be most likely to be

one of them because you may become emotional.

Second, dollar cost averaging would be a

great approach for Bitcoin because, in the short-term perspective, the price movement is unpredictable. The Bitcoin market tends to follow the long-term trend like other markets like stocks and commodities. The averaging would mitigate the risk caused by the vast volatility and help you make a profit if you

are right about following the long-term trend.