I was wondering about that exact question.  If I loose my phone I loose access to my account?  The numbers cahnge so even I screddn shot the codes they would not work for future access.  I guess I better not loose my phone before I change this access.

There has been alot of attention with spike in price which has brought alot of attention and new investors looking to get into the market.  I also think there is an elevated volatility with the launch of the futures market ahead that is creating alot of interest

So if it you buy and hold over time the Bitcoin has become an investment as people that earned or purchased them previously have seen an increase in the market value.  Also comparing the market value increase and fluctuations compared to other alt coins the bitcoin tend to be the 300lb gorilla as afar as returns go for the buy and hold over the long term.  This has created the biggest interest to new comers much like myself as I search and learn to see which coins or ico offers make the best opportunity.

I have not made it through one day in the last two months that the word blockchain or bitcoin and crytpo currencies have not been a topic of conversation in my everyday interactions of living.  In the news or online headlines this Bitcoin is certainly making waves.  To the point that most people with no interest or computer know how are asking how they can get themselves a bitcoin.  Investors are hearing about the unbelievable returns compared to wallstreet and just have to get involved somehow.  This is just getting started with these folks taking notice.
This is how I ended up here reading and searching to learn more about this internet currency.  I had ignored as just that a gaming currency for virtual worlds several years ago.....ooooops maybe should have looked sooner!  I am grateful for all the insight here and many other sites as well that can help a novice start to understand the bigger picture of this bitcoin thing everyone is asking about. 

I used coinbase for a quick conversion to bitcoin then you can send your bitcoin to an exchange that has the selection you are searching for.  I found that was quick and easy to get converted without a long wait or large cost to convert. 

I am still searching for the best exchange interface i like the best.  Gdax is linked to coinbase but not a large selection to go with there.  With the volatility swings looks like there is still a large opportunity to get started.  Best of luck!

You must decide what is acceptable for entry and exit when placing a trade.  Know what your limits are on entrance decide what loss would be time to close and what win would be acceptable.  If this trade is making you nervous then maybe it is too large of a portion to risk.  Trade small trade often make wins and cut losers before they are too damaging.  If you look at the trade today and would make the same trade with the same feelings of intent then you wait it out with the same instinct you originally had when first entering the trade.  Sometimes we make a bad trade and must learn from these opportunities.  Best of luck!