@op, Good advice, but I am curious to know how one can recover their bitcoin back if lost, simply by having a backup of their wallet private key or seed phrase?, or you meant to say that one should have backup of their seed phrase or private key, just incase they lose one of the backups, they can easily still access their bitcoin wallet using the other backups of their privates key and or seed phrases, if this is actually what you meant, then you are right, and I agree with you also.
And going back to keeping our bitcoin portfolio a secret to ourselves, this is actually very important, most especially, if we consider the kind of world that we live in today, there are alot of wickedness in the world today, which I personally believe is born out of poverty and hardship, someone who is failing will hardly be happy for another person that is succeeding, so, it's absolutely a very good and valid advice that we keep our crypto holding entirely secret to ourselves, even close friends, for we know not, where our enemy will come from, the enemy might not be our close friends in particular, but they may act and the door through which the enemy will come knocking.
The common way to get back the bitcoin is the seed or the wallet private key after the loss of the bitcoin in the wallet.Many new people doesnt have the habit of saving their private key or wallet seeds.Because their use the auto save option to their mobile or iPad,So they wont worry for the recovery in the future.But think in my way of the approach,you had loss the wallet holding device which is your mobile phone or iPad.Everything will get into the zero in your business.So dont forget to take the wallet backup even now,if you had forgot to get backup in past.
Not all of us from the same society and also not all from the same economical background.It was essential one for all the financial based sector people to save their holding money or earning money.Their was words from the previous generation people,even though you have the wealth by the size of mountain and you spend the wealth without growing it mean after some days,your wealth become zero.So keep your bitcoin wallet safe and secure.Secondly increase or multiples the wallet for your future.It was essential for the person to avoid their financial burden spending on the unwanted things.