That's very risky. Let me elaborate, BTC market is still very volatile, therefore can suffer a lot of ups and downs. And suppose you need that money, but suddenly the BTC price got down, and you no longer have that same value, you will be at loss there. I thing you should invest some of that money sitting in the bank, and leave another in the bank. This way you will have money in case of need, and you can let your BTC converted money increase in value throughout months!
Yes, people need to consider the volatile characteristic of bitcoin in terms of its value changes on the market. We all know that bitcoin price always depends on the support of the people, but our individual support is not enough for it to have a good development and changes on the market. But it is not highly recommended to give all of your funds just to support bitcoin, because a part of earning through investment is by dealing with savings.