If you do not go into the details, cloud hosting means that your website is in case of overload will still work. While regular hosting people will see the error.
But now the cost of cloud hosting are too high. So if you have 5-10K visitors per day to begin with choose a normal
hosting with VIP rates. If more traffic, then view a good VPS
(if not versed in server administration, order this service or looking where it's free).
And if you understand that the VIP tariffs or VPS don't work for you (often there are cases that the server can not withstand the load), then choose among cloud hosting services