I reckon the best time to begin your plan for the bear market is to do it during the bull market. I want to hold American dollars or a dollar equivalent when the bear market arrives, however, I do not feel safe holding centralized stablecoins like USDT, USDC or BUSD. What are the decentralized stablecoins can everyone of you recommend?
I don't see any problem holding these 3 stablecoins. It still serves their purpose of having a 1:1 ratio to dollar. However, I think I understand that these stablecoins are centralised one and if hacked, it could affect your investments. So, I think DAI is the one for you bud. It offers decentralisation for your coins and is not controlled by anyone but its DAO.