Aren't you afraid to store your bitcoins in stablecoins?

[GreatArkansas]

This is a good take, and I've thought of it. The scenario that the stablecoin crashes, like LUNA, is one concern. The other concern is that... You don't know when bitcoin goes back up. We can all confidently say things like bear market, when we are already in a bear market, but what when we no longer are? Can you really predict when it goes back to $100k, and you sold it at $70k?

Many people have regretted selling bitcoin for fiat, with the hopes of getting back lower. I can't say the same for HODLers.

Well, converting your Bitcoin to any assets, even if it's a " stablecoin ", is already considered as selling.
I believe the easiest way to cash out your Bitcoin is to sell it to a stablecoin, and most exchanges have that. A few clicks, and you already have a stablecoin that is pegged to the US dollar. So for sure, that's why that is the most common way, especially for those panic sellers.

[TokenTikas]

What is your opinion?

To be honest, no coin really gives full peace of mind when it comes to safety because the ones we see as safe can change anytime and anything can happen at any moment, which is just normal. If we look at past history, it’s very clear that bitcoin is the only coin that has gone through ups and downs but has never completely died. It has faced dumping many times but still managed to recover nicely and even reach new ath again. So, instead of converting bitcoin into stable coins and holding, it feels safer to just hold it in bitcoin.

[rezakurnia66]

In my opinion, long term holding stable coins waste your time only although based on my local currency the stable coins values raise up but not really significant just 2% only based on the last three years of stable coins value. I think not bad ideas converting bitcoin to stable coins during at higher price and selling all bitcoin assets to be stable coins but buy back when bitcoin at dip price. If you hold stable coins only I think small profitable earn exactly the conflict right now many countries have change their payment currency from USDT stable to other currencies.

Good ideas converting bitcoin to stable during at higher price of bitcoin and then converting your stable coins to bitcoin during bitcoin have lower price don't hold stable coin for long term.

[Darker45]

I used to do this with bigger amounts several years before. Today, it's with much much smaller amounts, those that are meant for trading.

One of the reasons why I ceased doing it is precisely the unreliability of stablecoins. They're centralized, after all. Another is that, for some time, I've been focusing on hodling already. Parking your crypto portfolio in stablecoins means you're speculating. You're actually timing the market and you could be wrong.

I was already aware of the risks back then. There was probably fear but it was overridden by the prediction of an upcoming correction. Also, there was more excitement in looking for the bottom for the buying back than in merely waiting for the price to recover. Your stash isn't growing with the latter.

[kawetsriyanto]

Well, converting your Bitcoin to any assets, even if it's a " stablecoin ", is already considered as selling.

Indeed, it is selling Bitcoin. When we are converting Bitcoin to a stablecoin, it means we sell the Bitcoin for the stablecoin. Meanwhile if we want to convert Bitcoin to Gold, we need to sell Bitcoin to fiats. Then we can buy Gold for a new asset in our portfolio.

I believe the easiest way to cash out your Bitcoin is to sell it to a stablecoin, and most exchanges have that. A few clicks, and you already have a stablecoin that is pegged to the US dollar.

Agree. Since every exchange has stablecoins, the easiest choice is by selling Bitcoin to the stablecoins. We can move the stablecoins to any exchange, and we can directly convert the stablecoins to our local currencies in the local exchanges. This is actually the advantage of having stablecoins.

~~ that's why that is the most common way, especially for those panic sellers.

This is for all Bitcoin holders, it isn't specified to the panic sellers. 

[TastyChillySauce00]

You shouldn't hold your stablecoin for too long but in case you want to, always diversify. There are tons of stablecoin alternative, the one that actually got a monthly audit report and holding real reserve.
When holding stablecoin you don't necessarily need to choose Tether's USDT. There are PYUSD, USDC, USDG, and many more. All of them are significantly better and more transparent in regard of monthly audit report.

You could even dig in deeper to their reserves if you are willing to read their report paper to make sure the stablecoin you are holding are really worth 1 USD. If you hold big amount of money you should do this.