If I were you, I will never put most of my savings on bitcoin, because I have no savings yet, do not put large amount of money if you are afraid to lose it. We can't predict market, it is very hard to understand, sometimes bitcoin goes down sometimes it pumps, I think what am I doing is called smart or wise holding. You need to look for each circumstances that are gonna happen.
That is why we only should risk the money we can afford to lose. I like your courage of placing all of your savings in bitcoin, it is a high risk and that what makes it good because the more risk you take the higher return you will get. Investing in bitcoin is not that too risky because it has a high potential. Bitcoin is a very promising coin that will give a profit but it will take a long time. Bitcoins do goes down and there's nothing we can do about it but take it as an opportunity to purchase more and wait for the uptrend then sell. It is a matter of patience I'd say.