I do some video editing sometimes. I tried to archive one of my projects to Blu-Ray (all of the clips, video files, etc. etc.). Storing 300GB in 6 different BluRays means 6-points of failure.
And more importantly, BluRays have a 20MB/s read/write speed. Modern Hard Drives read/write at roughly 200MB/s.
A 5TB Hard Drive is just far more convenient, faster, and reliable than stacks-and-stacks of BluRays. A BluRay is great for the "50GB of important data" (Tax returns, resume, other important documents).
Having one 50GB "highly reliable" source of storage is great. You can clone that one disk, leave some at your parent's house / some other house you trust, have 3x disks for redundancy at home, etc. etc. Its the easiest way to achieve high-reliability.
Oh, and leave a copy in your 5TB Hard Drives too, for convenience sake. But BluRays are cheap for copies and long-term reliability. But they're otherwise awful to work with in my experience.