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

in hive-147599 •  2 days ago 

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INTRODUCTION

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Hello friends, I am happy to participate in this contest, when I saw the contest, I took the opportunity to participate, and I am grateful to steem4nigeria for organizing such an amazing contest.
I will love to invite my friends to join me in the contest, @goodybest, @chant, @dove1

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

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We are living in the world of technology, a lot of opportunities are coming up every day, so many investments platform keep popping so there are many ways one can invest and grow his or her money in the world of cryptocurrency. The Two methods you have mentioned are okay and depending on individual choices, as for me I consider steemit been more beneficial to me base on my reasons.

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This year was one of the most difficult year for me and I thank God for the opportunities he keeps bringing to my door step, imagine being a single mother of 4 and our of this 4, three of them are in our going class, they are all writing important exams and as a result of that it requires huge sum of money.

Though my onions business has been very supportive for the past years, but this year, I was able to withdraw huge sum of money from the steem I sold and pay part of my kids school fees

Secondly, in the case of feeding these days, steemit has really helped out, my business is not really flowing well because of rain, onions is not good with rain, so the money I sold my steem has really helped me because right now we feed from here.

I don't know what would have happened if I embrace steemit, it has been my source of income for now.

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

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This question I will say is very trikish but someone with a normal brain will goo for the best cryptocurrency for him or herself, so if given a huge sum of money that's $5000 to buy any cryptocurrency of my choice, my choice will be no other thing than steem.

My reason is because with my steem I can power up and make money money for myself, imagine upvoting 5 user at 100% everyday, my steem will keep increasing because I am mining new one for myself. With that my $5000 dollar steem I bought will keep increasing and from there I will make extra income.

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.

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There are so many benefits that comes when one invest in steem, like we all know that steemit is a social media platform and a lot of users has greatly benefit from it through the content they write, they get rewarded.

Imagine investing your time to write in steemit and at the end of the day you get rewarded. And the funny thing is that you earn in three ways which are, your liquid steem and steempower, and SBD.

As for me I have benefits so much that I can withdraw 50 steem in a week, and through my steem power, I am able to support another users by upvoting their content.

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

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Investing in Steem through the Steemit platform create so many opportunities for us but we all know that there is no business that doesn't face challenges, in the long run, challenge in business makes you stronger when you are able to over come it. Like for me, I have face some challenges and at a point, I feel like giving up but at the long run to say to myself that I must not give up, I put on my reciience method and now I can boldly say that the challenges are no longer there.

So now to the challenges, as an investor in steemit, you should know that steemit has its own cryptocurrency which is steem, and as we all know that there is no fixed price when it comes to that, the market can raise and in few minutes you see it going down, so before investing in steemit, have a proper knowledge of what you are about to do.

Have two mindset knowing well that you are investing in a cryptocurrency which the market price can fall any day and raise any day.

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Congratulations, your post has been upvoted by @scilwa, which is a curating account for @R2cornell's Discord Community. We can also be found on our hive community & peakd as well as on my Discord Server

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Felicitaciones, su publication ha sido votado por @scilwa. También puedo ser encontrado en nuestra comunidad de colmena y Peakd así como en mi servidor de discordia

TEAM 3
: Congratulations! This post has been voted through steemcurator05. We support quality posts and good comments.

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Thanks ma'am for your support

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Steem investment is the best Crypto investment I have ever seen. I am happy with the way you are using it to help others. Good luck to you ma.

Steem investment is the best Crypto investment I have ever seen. I am happy with the way you are using it to help others. Good luck to you ma.