I have my doubts when I comes across articles like these. Without verifiable information, the article may have been misinterpreted or simply faked. Please dont be so gullible as to believe everything you see on the internet. Someone buying bitcoin at high without doing basic chart checking is a fool.

Amount is irrelevant, since you can buy bitcoin upto eight decimal places. What is relevant is the point of entry. This needs some analysis on investor's part to choose which points are low enough to buy.

Only if you have bought at high prices. Lack of knowledge and lack of prior experience in other speculative asset trading like stocks commodities etc leads to such mistakes.

Buying at the wrong point is a mistake, not madness. Either they have been FOMOed or they have been foolish enough. Again putting all assets into one investment is also a foolish mistake.

Any investment has risks. Investment should consider the possibility of risk loss and make a wise investment.

Although Bitcoin is a valuable cryptocurrency investment, it is more profitable than any other investment, but investing all assets in Bitcoin means gambling, and no one can guarantee that the price of Bitcoin will rise or fall.

Investing all funds in a risk that will increase the investor's risk, invest in an amount that you can afford to lose.

one thing you have to realize, as long as the person does not sell his/her Bitcoin then he/she will never lose
Bitcoin price is very volatile, tomorrow you can see it at $30k but 2 days later it can be at $60k

last February, I bought Bitcoin at a price of $40k, when the price of Bitcoin fell to $29k I didn't sell it, it's proven that now Bitcoin is up again and I have made a profit

"you have nothing to lose as long as you don't sell because rest assured the price of Bitcoin will go up"

Yes, that will be too risky if we use all of our money to invest in bitcoin.
Besides that, we still need fiat currency for our daily lives so it will not be good if we decide that.
We need to be smart to allocate our money to invest in bitcoin because if we can do that, I am sure that in the future, we will make a lot of profit from bitcoin, which means we will have a chance to make big money.
Maybe we need to have a plan before investing in bitcoin and sticking to our plan while we continue to survive day by day.
It needs to manage our money to our lives so we can have a chance to have a better life in the future.

I am sure they were able to afford it, which is why they sold all their "assets" and put it all in bitcoin. In the end it did work out for them, right? If they were able hold for 2 years, I am guessing they were already financially stable. Got good returns, this is what matters. If they are smart, they would just take half profit, and keep the rest invested.
The market dip wasn't a "great shock" to anyone. Everyone was expecting the price to fall down a little. You can't expect the price to keep on going up.
If you can afford losses, then sure why not?

I would vote for absolute madness because that's counter to the principle of invest on what you can afford to lose and that family just did the opposite, I know that they will get the profits in the long-term but they still have to survive before that happens and it's going to take a long before that can happen.

They always say that you just have to invest what you can afford to lose. But when the time comes that the value of Bitcoin goes high as $64K, they'd wish they give it all by selling their cows and acres of land. That's madness because the opportunity had passed already.

For me, I can afford to have 2 jobs to support myself till the next bull run, which I think will make me richer when it happens. However, there will be a lot of waiting but I wouldn't be regretting once price already up there.

Long-term investment will be more profitable. it takes extra patience to be able to achieve the desired target. Investing what you can afford to lose is something to watch out for. don't use the money you use to survive.

Don't be lulled by the bitcoin prices that are already above. FOMO will provide pain that will last a long time and considerable losses. make a purchase if the price is already below.
to determine when to enter and exit it requires trading knowledge. learning trading knowledge will be very useful and provide certainty of what to do.

With all of my assets? There is no way that I'm doing such thing. It's just madness, trust me. We always say that you should make an investment which you can afford only. You shouldn't be too unhappy if you lose your money. That's what I mean by saying that you can afford. If you invest all your funds into Bitcoin and it starts going down sharply, you will lose incredible amount of money. Trust me, it is not worth taking this insane risk.