Here are the reason when not to use the conversion tool listed by Peakd in the conversion tab:
UNDERSTANDING WHEN NOT TO USE
IF you can get the volume of HBD you want in a secondary market by selling your HIVE and buying HBD for less than $1.05 then that is more efficient than this conversion process
AND if you personally believe the present value of HIVE will be significantly higher right now than it will be assuming the predicted 3.5 day median average.
The second reason is the issue we are talking about.
The trade remains winning in dollar terms but it is losing in hive terms. A hodl is better, unless I'm missing something and peakd is wrong too.
RE: How to take advantage of high HBD prices - Over 10% profit