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.
I have invested more that half of my assets in bitcoin. I recently sold my car and now I am even thinking about to invest the money in bitcoin, and wait for some time because I am sure I can buy a latest car after some time If I hold my bitcoin and do not invest it anywhere else or do not turn it in cash. because I am sure about the price that it do not have to stay here for a long time and it will continue increasing after some days, so investing money in bitcoin in present position may be more safe and profitable investment.