I constantly have that very debate. I understand that it would be greatly beneficial to power up Hive rather than convert to HBD. In fact, once I claim HP, it stays powered up. The Hive that gets converted to HBD is from leases, not from rewards. And, HBD rewards also get added to Savings. I am simultaneously growing my HP and HBD.
I decided that I prefer to start growing my HBD Savings to stabilize the value of my accounts. Prices have been rather volatile this past year. HBD is a means for countering some of that volatility. I am saving HBD for practical reasons rather than mathematical. I could never spend HIVE without incurring capital gains and the headache of calculating cost basis. Whereas every HBD has the exact same cost basis today as it will have in 10 years. And, every HBD in interest will also have the same simplicity
Another practical matter is that I don't post too frequently. Thus, my Hive earnings are not consistent. HBD interest, on the other hand, is more consistent than my writing. If I have to sit here and write a post every day to earn Hive, it takes the fun out of the activity. I want to be able to build at my leisure and leave it to grow itself.
I think, mathematically, powering up all earnings might be the better way to maximize earnings. However, given my inconsistency, there wouldn't be much earnings to maximize. So, saving HBD takes into account my lack of drive to churn out posts and comments every day. For more driven Hivers, the power up approach might be more appropriate.
That is a good point, it does indeed matter how often you post, that changes the value proposition greatly. While I do still think that powering up will give slightly better rewards in the long term, yes since you post more rarely, I do think for you the difference may be rather small. And if having the HBDs in your account gives you more comfort and less stress, that is reason enough to stick with mostly/all HBD. :) So just keep doing what is best for you my friend!
But yeah, it is fun to think about, as there are enough variables that the calculations can only be estimated and not pinpointed exactly. I like to do the same thing with "yield farming" in DeFi, I love working out different possibilities by calculating projections for different possible choices to find the best value, while still keeping my risk low by sticking to the blue chip coins only. Fun little hobby, problem solving is very satisfying, ha ha.
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