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

(Image via Michael Fite)

In the past, I gave you One Million Steem, but I made you give it away.

Today I'm going to make you do the opposite, you have to keep it. Kind of.

Here are the rules.

-You are given 1,000,000 liquid STEEM in your wallet.
-You may not cash out, but you may diversify into other cryptocurrencies.
-You may not hold dollar-pegged assets like bitUSD, Steem Dollars or Tether.
-You may choose to power up all or a portion of the STEEM.
-After one year, you may choose to cash out all or part of your holdings.

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Here is my choice.

Powering up the full million and becoming one of the Top 20 Whales on Steemit is certainly tempting, but putting all my eggs in one basket doesn't seem like a good idea. Even if I realllly like that basket.

STEEM Power (50%)

This is honestly the lowest amount that I could deal with. Adding that amount of SP to my holdings would allow my voice to be heard on all matters on Steemit. My preferred witnesses would have a better chance of making the top 21 and all my favorite authors would be rewarded.

Bitshares (10%)

I really wanted to buy even more BTS, but I am trying to diversify here. If you want to know why I'm bullish on Hive account@bitshares, check out this great post from Hive account@dutch.

PeerPlays (10%)

I recently wrote extensively about an issue @peerplays is facing, but I believe in their technology and ability to bring a product to market very soon.

Bitcoin (10%)

It seems irresponsible of me not to buy a little Bitcoin with this, although I was tempted not to.

Gridcoin (5%)

Investing in a community that helps the world every single day is something that just makes sense. So many fantastic members (Hive account@cm-steem to name just one) of the greater cryptocurrency world have roots in Gridcoin... they should be rewarded.

EOS (5%)

I haven't really done much with the EOS ICO yet due to my general distrust of Ethereum ICO (you won't see ETH on this list). That said, if Hive account@dantheman is involved with something, I want to be a part of it as well.

AntShares (5%)

This is just pure speculation.

VIVA Crowns (2%) / VIVA (2%) / TradeQwik TQS (1%)

I know VIVA and TradeQwik are building some interesting things behind the scenes and want to be able to use their platform with ease when those become a reality.

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What will you do with your One Million STEEM? Power it all up and become a Mega-Whale? Or be safe and diversify?