Always hodl, the spikes come fast a furious without warning, converting is just asking to lose out. Don't lose out.
Definitely, if you want to get out of the current situation because it isn't ideal then don't regret if it comes back and recover.
It all depends on you, if you really need your money badly then you can just pull it out with the value lesser than what it is back then. Converting now with the prices at the ground might be a crazy decision, so I guess holding is better. But converting and pulling out is good when you don't want to lose more, and re-enter when the market is giving a good sign of increasing.