Yes, very bad idea. MA is inherently dangerous. A dog/kid/wind gust could send the bottle rolling around your pool deck or into the pool.
Just pour directly from the bottle into the pool. The important concept is minimizing the handling of MA. Every time it's handled (measuring cup, diluting in a bucket, etc.), you increase the risk of spilling or splashing. The exact amount of MA isn't critical. You can always add more if needed.
Open the bottle over the water. Pour in front of a return with the pump running. The bottle opening should be just above the surface of the water (~1 inch). You can partially submerge the bottle and use its buoyancy to assist. Slowly pour (pencil stream). Keep the bottle over the water when replacing the cap. When the cap is snug, dunk the entire bottle under the water and slowly swish around to remove any MA that may have trickled down the outside of the bottle. When done pouring, use your pool brush to mix the area if desired.