No I would never do this, there are way too many risks and I think its not smart to do this too, I think its way too risky to do right now, no one knows what is gonna happen with the bitcoin.
If you know you can earn more money with bitcoin than your regular job then i think you should not care for that risk if bitcoin would survive or not because we all know that bitcoin still has a long way to go and you can earn some good money until then with it if you really know some good source of income.
Bitcoin will surely survive in long term but there would be a day which would be an end of bitcoins and if we haven't made enough money by then with bitcoins then it will be hard to survive after that.