SSD vs HDD for my situation

Hi everyone, I just have a quick question on how to manage my screen recordings from my MacBook on a hard drive. I’ve been using a 1TB HDD from Toshiba, but I was planning to switch to an SSD from Samsung because SSD transfers are faster, and the speed of my file transfers is very important to me. I also plan on storing personal photos and videos from iCloud on my hard drive as well, and maybe even as a Time Machine backup for my Mac.

I know that’s a whole lot, which is probably why I’m gonna get 4TB or multiple hard drives – but I just need to know if SSD is the correct solution, or if HDD is the better way to go. I’d love everyone’s thoughts to weigh in on this. Thank you!