Good point. For an example of this if you were to get robbed on the street of your cash you would likely be willing to give up some pocket change to prevent any harm being done, but you're not exactly giving away your whole bank account. This is why I truly believe in having multiple wallets to store your funds. Everyone has their own tolerance of risk, and I don't really keep anything more than a few Bitcoin in my wallets at a time, and this will likely evolve as the Bitcoin price changes.
Yeah, great thought actually. Some people (including me) put a blind trust on few of the reputed exchanges as well to store their extremely valuable coins there without even thinking once about the risks it pertains. I've had a very brief discussion over these things and I've also learnt that distribution of wealth is one major factor we need to understand very carefully and apply too after being known to it. The hackers won't ask us whether they should take partial money out of our pockets or full, it's the same as those criminals who put gun over your head asking you to give whatever you've got, but even they won't wait for you to transfer money from your bank to theirs due to the fear of getting traced down. After this article read, I will not be able to believe even hardware wallets which many users were praising about.
For my convenience, I've just created some offline paper wallets that I'll be storing in very small steel boxes each and be kept at a safe place as well as I also keep a check every now and then, just to make sure I don't lose anything.
A question here:
If I've kept my coins in a hardware and that hardware either blasts off or gets destroyed anyhow (talking about these Ledger and Trezor thing), will I be able to ever regain them?