I have read several posts on this forum where people have claimed to have invested all the money they have on Bitcoin, I also read a post where a guy claimed to have used all the $20,000 his uncle gave him to also invest in Bitcoin, some even sold their landed property. The reason for these risks and others is the firm believe that Bitcoin would be $50,000 - $100,000 by the year 2019 or thereabout.
First, I must say that I admire the courage and high risk appetite of such persons. But, I must also warn.
Yes, It is good for everyone to have high hopes for Bitcoin, and also hope it gets to 100k USD in future, but you should also consider a safety factor in anything you do including investing.
Mathematically,
DO NOT Assume,
P(Success of future term) = 1 ; and
P(Failure of future term) = 0
This implies that, you must always leave a little fraction for probability of failure which in this case is the safety factor, no matter how little the fraction may be. Simply put, you don't have absolute control of what happens to Bitcoin and Cryptocurrencies in the future.
Invest wisely, only invest what you can afford to loose
Just a piece of advice.
What are your own suggestions?
truly, I concur with your recommendation, we ought not contribute all what we have, we additionally must be great at dealing with the cash we have, putting resources into kryto world is loaded with chance, let alone until further notice the cost is insecure, so do we offer resources the genuine article is that we need to put resources into the krypto advertise, if that happens then we will be a major misfortune, and can not by any means trust in the event that we can get a benefit that surpasses the genuine resources we have, however much as could reasonably be expected we ought to figure our pay so as not to lose enormous.