If you're also going to buy back Bitcoin after monitoring the market, you should have just hodl it. What if after you convert your Bitcoin the price suddenly increases, then you will just regret converting it. For sure most of us or everyone here would prefer to hold because we're here in crypto and it's normal for the price to change. But converting or holding it still depends on us. If you prefer it that way, you can do that.
If you know more deeper and you understand how to benefits then dealing with cutting losses will make it beneficial for you, but like what this replied said, if you are not good in buying back and suddenly right after your conversion and the value bounced back you'll be trapped and what you can do is to regret why you did such action. Take time to read the situation and analyze your next action, else, just keep everything and wait for the next bounce.