I was making a post somewhere and it struck my mind that, there is a new fear that I am unlocking slowly.
I started with the Mi phone earlier, where Mycelium is installed. I already have an imported account on it and I am constantly using that particular address to receive various payments or sometimes send some earnings to that phone.
However, have you guys ever thought that what happens if that phone never turns on the next time you want to access the Mycelium or your desired wallet on it?
I do have a backup plan for that, I have written down the backups, private keys, and passwords on multiple papers obviously.
However, it is still frightening to know that some technical glitch might happen since its hardware, can corrupt, can destroy. Ever been in such a situation?
Would you keep importing your wallet every time you buy a new phone or laptop for that matter?
I started with the Mi phone earlier, where Mycelium is installed. I already have an imported account on it and I am constantly using that particular address to receive various payments or sometimes send some earnings to that phone.
However, have you guys ever thought that what happens if that phone never turns on the next time you want to access the Mycelium or your desired wallet on it?
I do have a backup plan for that, I have written down the backups, private keys, and passwords on multiple papers obviously.
However, it is still frightening to know that some technical glitch might happen since its hardware, can corrupt, can destroy. Ever been in such a situation?
Would you keep importing your wallet every time you buy a new phone or laptop for that matter?
I'm not worried about technical glitches it happens to me many times when my phone and desktop stop responding, I always have my passphrase and private keys to transfer from another device, what I'm more worried about are intrusions because of low-level security where hackers can get in to wipe out all your coins in your wallet.
You should have at least three sets of wallets, one for storing for long-term holding, and hardware wallets are suited for this plan, an active wallet preferably Exodus and Electrum for immediate transactions, your trusted exchange although it's not recommended and I also do not recommend this, but you need this in case there is a market surge where you need to immediately trade for profit but it should not be a big amount where you will be sorry if that exchange suddenly shutdown.
ever since I got into Cryptocurrency I kept all my old hard drives and old cell phones, I never think of disposing of them for fear that what's inside can be brought back to life, and maybe one of these days when I have a lot of times. 
