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 think there's none so far. The standard.io however is building a decentralized protocol for algorithmic stablecoin backed by assets like gold, silver, eth and BTC initially. I think it could be best to hold a bit and invest in these as its founders are the founders of vaultoro.