Just remember to have a back-up of your photos and other digital things that you can't lose at an off-site location also. There are several solutions that can do this that doesn't involve the "cloud".
I love the cloud though. Could it be compromised? Maybe. Could a fire happen in my house where I lose everything? Maybe. But as it stands now, I could walk away from everything I own, walk into a store and pick up a cheap laptop and access all my data again. But that's just me.
Some people are paranoid about their privacy and data (and a justifiable paranoia, don't get me wrong), but use a solution that works for _me_ personally. Everyone is different and will need a different solution. There's really no one-size-fits-all.