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logic of storing your file on external drive vs Cloud. (Home PC usage)

a TB physical storage vs Cloud's- how do you see pros and cons (for home use).

when would you be content with just an external drive and when would you go for cloud storage?

Thanks.
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jhyiesla
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OK.. and cloud makes sense only when it can sync, right? (otherwise, it will be too much of upload each night?)
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Nobus: please tell me you have a way of storing the drives onto which you backup locally that involves getting them out of your house or office to an alternate location. If the copy stays local, i.e. in the same building with the live data, then there are many experts who would say it is not really backed up.
that is for business backups, jmcg - not for personal , or home use
if my house burns down - i have no need for my data, how important my pictures may look now
feel free to have a different opinion; but MY DATA does not go on the web
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i find it revulsing that facebook, google and such are spying on us - without telling so, and using (= selling) this data to others...
I never fill surveys for the same reason - no monetisation without compensation!
you don't have to do anything - they follow all your moves on the net...
true,  the illusion of control is merely comforting