Navigating the world of cryptocurrency can often be overwhelming and stressful. For those who are looking to invest without dedicating significant time or emotional energy, there's a new tool in town that aims to make the process as seamless and hassle-free as possible. It’s called Soon, and it’s changing the way people engage with crypto investing.
Soon is an innovative investment tool that completely automates the buying and selling of cryptocurrency for you. It implements sound investment strategies like dollar-cost averaging, diversification, and a non-prediction approach, which means you can invest responsibly without becoming a slave to the highs and lows of the market.
· Auto Buy: Soon employs the strategy of dollar-cost averaging, where it invests your money at regular intervals. This removes the need to time the market, offering a less risky investment strategy.
· Auto Sell: Whenever you spend, Soon receives a secure notification, then sells some of your crypto that has the highest gains to reimburse your spending.
· Auto Portfolio: You don't need to become an expert in cryptocurrency. Soon provides a suggested portfolio, saving you countless hours of research.
· Auto Taxes: Whenever you realize a gain from selling crypto, Soon automatically earmarks a portion of that gain in a ‘Tax Stash’ to cover potential capital gains taxes.
You can set up Soon's automated services with Coinbase or any other trading platform you prefer. This convenience allows you to maintain your focus on living your life while Soon takes care of your crypto investments.
One of the key benefits of using Soon is the elimination of the emotional roller-coaster often associated with cryptocurrency investments. Forget about agonizing over market conditions or feeling anxious about when to buy or sell. Soon informs you post transaction about how your spending has been offset by your crypto gains.
Additionally, Soon allows for tailored investment management. Whether you're looking at short-term gains or have a more long-term perspective, Soon provides flexibility. You can decide what percentage of your earnings to reinvest or cash out each week.
The focus of Soon's investment strategy is not only on accumulation but also realization of gains. By taking advantage of profitable market conditions and continuously cashing out gains, it not only increases your buying power but also reduces your exposure to potential losses.
For those who don’t want to spend countless hours researching the market, or who prefer to avoid the stress that comes with active trading, Soon might be an ideal solution. This tool is well-suited for both crypto newbies and seasoned investors looking for a more hands-off approach to investing.
To learn more about how Soon can automate your investments and help you potentially increase your buying power while not losing sight of tax implications, you can visit their official website.
Pros of Using Soon:
· Reduces the time and stress associated with active crypto trading.
· Automates tax allocation for capital gains.
· Provides a simplified and standardized investment portfolio.
· Allows for personal customization of investment and reinvestment ratios.
Cons of Using Soon:
· May not satisfy investors who like more hands-on control.
· Fees associated with the service may apply.
· As with any investment tool, there's inherent risk associated with market fluctuations.
Choosing an automated investment tool like Soon can bring a sense of ease and structure to your cryptocurrency investments, letting you balance the benefits of crypto investment with the demands of daily life.
