Steem4nigeria Accelerator Contest Week 48: The Benefit of Investing on Steem through Steemit Platform

Hi Steemians,
It's another day of the week and I'm delighted to participate in this contest today organized by @steem4nigeria which talks about The Benefit of Investing on Steem through Steemit Platform. I will be making my entry below so read through it and drop your valuable comment as it will be appreciated.

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Which investment method is more beneficial to you? (Steemit platform or exchange wallet) Give reasons for your answer.

Without any iota of doubt I will confidently say that the investment on the Steemit platform is more better for me than the investment on an exchange. From my understanding of exchange investment, you are to stake your asset and earn based on the amount and APR.

Investing on the Steemit platform on the other hand has to do with either earning via curation or earning via delegation. So for that reason, the choices I have to earn on Steemit is much higher than the chances I have to earn on exchange.

This is way I have selected the investment on Steemit over the investment on exchange and from my experience the return I will get while investing on Steemit platform is much more higher and the ways of earning is more when compared to an exchange.

If you are given $5000 to buy any cryptocurrency of your choice, which cryptocurrency will you buy and why?

I haven't been into many crypto project though but I guess I understand the Steem investment better than every other crypto investment so if given this amount of money I will invest it on Steem.

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The reason is because the Steem project is a solid project so the fear of losing my money won't be there also, the profit I will be making daily or weekly by voting or getting upvotes will also be very big.

Buying Steem and investing it on the Steemit platform will go a long way in helping me to make the profit I desire. If I vote I get curation reward and if I delegate, I get upvote and also weekly rewards or daily reward as well.

Give a detail explanation on the benefits of investing on Steem through the Steemit platform i.e., tell us all the aspect which this investment help you to make more money.

In my opinion there are two ways which investing on Steem through the Steemit platform helps you to make money and these two ways include earning curation reward and delegating your Steem power.

As a regular Steemit user, the only task you have to do daily is to vote atleast 10 users daily and everyday you will be harvesting curation rewards which will be added to your already Steem power and that implies that your Steem power is growing.

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Alternatively, you can delegate and then write and get upvotes from the account you have delegated to and possibly also get a weekly or daily reward which can be in a form of Steem or Steem power. Recall that the upvote that is given pages you in Steem and steem power.

So these are the two aspect in my opinion that I believe helps you to make more money while investing on the Steemit platform because in all, there is an increase in the money you have invested. The more your investment the more money you will make.

What are the challenges associated with investing on Steem through the Steemit platform.

I haven't seen any challenge of investing on Steemit through the Steemit platform except the challenge of removing the money or your asset immediately. Steemit is designed in such a way that before you convert Steem power to Steem it takes sometime for the entire process to be completed and that is the only challenge.

For instance you received a call that you need to pay a certain amount of money for something very urgent, you may miss out because your must take some process to do that and this process may lead you to losing that thing.

Here I will want to invite a few friends to also join the contest and share their entries as well. I invite @josepha, @bonaventure24 and @dave-hanny.