i think Bitcoin is only profitable if done at large scales. you must get expensive mining equipment and of course it consumes a lot of electricity monthly. Also its usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.
If you have funds to build a decent mining and the electricity cost in your country is not that expensive, mining is better but nowadays my friend stops mining because he only mine few btc now.
You can also buy bitcoin but you must wait for a bigger dip so that so can earn profit when it goes pump.
Both are now risky to do, on my side.