I wouldn't place all your funds into bitcoin. I have invested 30% of my money into bitcoin and Im still buying more. I'll always stay with $5k in my bank account for emergency purposes.
That's the perfect strategy mate as we cannot take risk of investing all money in bitcoins as anything is possible with bitcoins in future and if we invest all money in it and if it dies or disappears then we will be loosing all our money at single point.