Recently, I've seen people again pointing at large on-chain transfers and fluctuations in exchange hot and cold wallets, shouting "Smart money is moving"… Honestly, this has little to do with how you manage your assets; don't let emotions drive your decisions.

I currently roughly categorize into three levels: for small daily use, a hot wallet is enough; losing it wouldn't keep me awake at night; for the level where losing it would hurt, hardware wallets are very appealing—more cumbersome to operate but more secure; at higher levels, don't gamble on single points of failure, multi-signature is more appropriate, especially if you have partners or family managing jointly. Social recovery, I think, is more like "preventing you from losing yourself," suitable for those with a poor memory who don't want the stress of memorizing seed phrases, but only if you choose truly reliable "friends/devices," otherwise you're just shifting the risk around. Anyway, don't just focus on returns; first consider the worst-case scenario and whether you can accept it.