Hi there TechDirectory! Just like what you have been stated, hacking is also my greatest fear.
If the bitcoin price drops there could be a chance that you can still sell at a lower price and gain back your investment. Lower price still have a chance to climb up, but if you are hacked, there are no chance you could get it back.
If the government impose sunction or restriction in your country, still your bitcoin is present with you and can’t be confiscated by the government. And there are vpn that could pave the way for any bitcoin transaction. But in hacking, you cannot use vpn and the worst the vpn could have been pave the way of the hacker.