You are viewing a single comment's thread from:

RE: Ask Steemit: Given One Million STEEM... Do You Diversify Or Power Up?

Hm... fun topic.

As a new participant to Steem, I'm still not fully familiar with Steem Power and the bonuses afforded to me, but I'm aware that I do get some returns for holding. With that in mind...

17% - Held. If I can turn it into more, I will. If it's just residual, that's ok. I don't really seek to influence things as much as I seek to be a quiet participant and silent benefactor for my friends.

33% - Bitcoin. While it's really tempting to get caught up in Ethereum and its many ICO launches, I still believe in Bitcoin (and its 21M coin limit) as a store of value. Other coins can be more liquid, but in a way, their value is derived from Bitcoin. In my head, the value of an entity is not only in what they have to offer, but also the hard cap of their currency and its value in relation to the cap of Bitcoin. Despite the worries ahead of August 1st, I look to where Bitcoin should be in 5-10 years, that is, highly valuable, and still a key point of reference within the cryptocurrency market (aka, it's still going to be #1).

10% - EOS.io. Steem is already proving itself. Eos is going to be... unspeakable in its effect on the space of both blockchains and cryptocurrencies. My position would buy and hold. Forever. Let it appreciate. Rent it out. Collect revenue. Let that appreciate. Rent it out. Repeat. Forever. Nothing lasts forever, but if Eos succeeds, it will be the equivalent of Windows... so, basically forever.

15% - OneGram. Many people see the writing on the wall in regards to the fiat currencies of the world. However, another effect of the central banking system and its financial instruments is a severe undervaluation of gold via the trading of gold as paper. Once that game is up, the price of gold will be up too. By "up", I mean, Ethereum 2017 "up".

5% - Pillar. I really want this project to succeed. It's like the EOS.io of crypto wallets. I imagine it would take time to integrate all the currencies, but so long as Pillars as a token accurately reflect the value of the coins they're replacing, there will always be an alternative to back Pillars until whatevername coin is integrated. I would imagine/hope that there's a very short and streamlined process for dealing with randomcoin of the month. With so many currencies, news outlets, and everything else in this Wild West of crypto, this space needs what Pillar has to offer.

10% - MonkeyCapital. There are many groups who will take your money to play in the markets and promise you a return for doing so. I can make some trades here and there, but I fully believe in leveraging the power of people who trade better and more often.

10% - SONM. One of the few Ethereum based projects that are too promising for me to ignore. My position here is nearly identical to that of EOS.io. While I love money that makes itself, I would probably use some of that fog for my own mining projects... so, money would still make itself, I would just be leveraging energy into helping it make more.

Would I cash out after a year?

Only if a project was showing no sign of fulfilling its promises. Otherwise, these would all be held into 2-4 years... probably beyond if they change the game the way they should. I would only expect to get burned by Pillar, or SONM should the Ethereum network ever face an unresolveable issue.

Coin Marketplace

STEEM 0.20
TRX 0.19
JST 0.034
BTC 91309.02
ETH 3119.19
USDT 1.00
SBD 2.91