Yes, it is good to reduce debt in this situation and not good to dump (if you don't want prices going down, but on the other hand, if you dump and then prices do go down, it is good for you that you dumped).

I just wanted to make clear that thare are additional risks to doing conversions at this point since the conversion target declines along with STEEM once all SBD exceeds 10% of the total STEEM market cap.