Even though Basecamp is not the only choice available to you, it still is a very useful tool that can help you out in many ways.
This point cannot be stressed strongly enough because there are various ways you can lose your precious information if you are not careful to take the necessary precautions. This is where services such as cloudHQ come into play. cloudHQ is a service for synchronization, replication and synchronization of data between cloud services such as Evernote, Dropbox, Google Docs, etc. In other words, whatever you place in your Basecamp can also go into your Dropbox automatically.
Downtimes and outages can occur even with large and popular sites such as Basecamp. Also, relying solely on one source can create a single point of failure whereby if Basecamp fails to work properly—or if your data is lost—the entire project will be in danger. User error also presents its own risks—someone may accidentally remove or delete important information. Lastly, no website is 100% safe. There are hackers who make it their business to break into supposedly secure sites and delete data for malicious purposes.