You're correct that cryptos can be and often are quite volatile.
But Poloniex didn't just arbitrarily choose to price STEEM and SBD separately. They are two completely different tokens, with different purposes within the Steem economy. SBD is intended to be a stable currency with a value that tends to be very close to $1 USD. On the other hand, STEEM is more volatile by nature and not intended to be held long term.
Quite true. That much I did forget to mention. There is a huge difference between STEEM and SBD that may not be readily apparent for those who did not read the white paper. While SBD is trying to be pegged to the USD as close as possible, STEEM was never meant to be quite as static. Thank you for adding that to help clarify. :-)
but what does this mean? Should we all hold on sbd because it's lost value selling below 1$?
It's honestly a big guessing game right now. SBD seems to have stabilized out a bit, but is still sitting at about 17% less than 1 USD after being listed for about 10 days give or take. It's priced at about 83 cents right now on Poloniex after doing the math last time I checked.
STEEM on the other hand fell roughly 12.5% in the past 24 hours, but I have a feeling some of that was due to the hard fork a couple days ago. Steemit now makes you wait 7 days before SBD will convert to STEEM after a request to make the conversion.
now? steemit always request 7 days for a direct conversion....[ replying to the other comment