The problem is technical hbd works like a short contract.
convert your hive into hbd on high prices and "buy it back at low". With the difference, HBD adds no demand at low prices, it simply creates new.
That's what most people do not understand ( or ignore). The mechanic itself if dangerous.
Edit: and we have exponential curve in converting HBD into Hive if price drops and converting is constant.
Every HBD converting into hive, increases Hive market cap and allow more converting on the edge a level lower.
This could be on perfect play end with 200% inflation from 7$ to 0,2. I have made a post on this long time ago.
Yes. Clear. And what conditions do you expect to prevent that scenario from happening?