Interview with Geir Solem, Cryptor Trust
Geir Solem is the founder and Chairman of Cryptor Trust Inc. group of companies and Chief Editor of Bitcoin Investor. Geir is also the founder of Elliott Wave Technician and Cornupia Capital Ltd.  He is also President of the Cryptor Foundation. His specialties include analysis of the financial market using demographics, economic cycles, and Elliott Wave theory / technical analysis. Geir focuses on investment in long term trends around the world. He engages in trading of commodities, bonds, stocks, and currencies.

About the Cryptor Trust Group
Cryptor Trust is the first and still one of the few investment groups in the world to introduce a formal capital structure based on Bitcoin, holding Bitcoin and blockchain related investments as its main assets as well as expanding into distributed, blockchain based finance.

Note: The forecasting was done by Cryptor Trust in December, 2016 when this interview was conducted.

 

Outlook for Bitcoin Investment, Implications, and Trends Forecasting

GCV: How are cryptocurrencies and blockchain, in particular, affecting fiat economies and the financial industry right now? Will the value of cryptocurrencies skyrocket if the current economic system and the banks fail due to the enormous amount of debt owing and its unsustainable structure?

GS: Cryptocurrencies are one of the few safe places for your money. Investing in precious metals is another option but it is more suited for long term storage of wealth and is not as practical to store and spend. The value of the different cryptocurrencies will vary depending on how widely a specific cryptocurrency is issued and its popularity. Bitcoin has a very limited edition restricted to 21 million Bitcoin, it is currently the most popular cryptocurrency, and is thus the most deflationary currency out there. Litecoin is issued on a more generous scale, and is not as popular as Bitcoin, and is not appreciating in value as strongly as Bitcoin. Many of the cryptocurrencies out there are issued on a large inflated scale, the popularity of them varies, and many of them will decline in value over time as they lose their popularity, or possibly go extinct.

Bitcoin and other cryptocurrencies can be very price volatile in the short and intermediate timeframe compared to the world’s dominating fiat currencies like the USD and Euro. The long term price of all fiat currencies is zero. The USD has lost about 98% of its value since 1900. This means that you cannot use fiat currencies for long term storage of wealth.

GCV: How would you assure and convince people who are still leery of the security issues that plague cryptocurrencies and blockchain technology that they are safe, especially for investors?

GS: Security is relative. Bitcoin and other cryptocurrencies are already quite secure to use and store compared to fiat currencies.

Remember that with fiat, your bank, authorities, lawsuits, etc. can block your bank account at any time and in the western world, this happens more and more often. They do not necessarily need to go through the court system to do that. Banks can go bankrupt. Border guards can confiscate your fiat cash at the border. Wars happen all the time around the world. Nations go bankrupt almost regularly. Our forecast indicates that more European countries than Greece and Cyprus will fail and introduce currency restrictions. Italy is already heading for default with their entire banking system. Will you be able to easily transfer money out of an Italian bank in a few years’ time? All things considered, cryptocurrencies actually look very safe compared to fiat currencies.

GCV: What advice would you give to investors who are planning on investing in cryptocurrencies and blockchain technology now and in the future?

GS: If you want to be an investor there is a lot to learn. You could begin by starting to use new technologies, make small investments in different emerging tech companies and read books, articles, and websites about investment. Over time you will gain the knowledge.

The biggest problem is finding good investment books and websites as there are many and most of them will not help you. We have a small library of recommended books at  blog.elliottwavetechnician.com The books are written by the best in the global investment business and innovators of tools (technical indicators) used for technical analysis of price structures. The price trends of stock markets and commodities are a manifestation of mass psychology. Demographic trends are also very important in developed consumer countries, as well as long term economic cycles. The books and websites in these areas are where you find value.

GCV: With respect to investing in cryptocurrencies, how does Cryptor Trust assist investors?

GS: Most people do not have the skill, are not able to, or do not have the time to do investment research, follow the markets, and do their own forecasting. An investment company has it as their business to do this and there is quite a lot of work related to it. We do demographic research, technical analysis of most global markets (which is the study of price structures), and follow long term economic cycles, in addition to following the latest trends in technology.

As practical examples of why you need investment skill is market timing. You can analyze if a market is very expensive or very low priced historically (100 years perspective) by looking at margin debt, how heavy mutual funds are invested and by using some weighted p/e.

Take the NYSE stock exchange which is now very expensive in historical perspective (last 100 years) using those indicators I mentioned. The margin debt on the NYSE is now hovering around the highest ever in its history (investors are so optimistic that they borrow money massively in order to buy/invest in shares), mutual funds are fully invested with less than 3% cash (they are looking at the last 100 years, usually fully invested at market tops as they share the general optimism of the crowd, and at the end of large bear markets, they sit with a lot of cash fearful of investing), and the weighted p/e we use are at extreme historical levels. Tops are built on hopes and can take a long time to play itself out. Tops are a good time to sell your investments.

A future large market correction will create investment opportunities of a lifetime. Usually the ‘grey market’, where most of the new emerging players in the Bitcoin, blockchain & FinTech arena are fine themselves, but will collapse in value during major market corrections. When this occurs, there will be an opportunity to look at the players that survive.

GCV: How will Bitcoin perform compared to other currencies if the fiat currency fails and explain in more detail what the “grey market” is and how volatile it will be for investors?

Bitcoin and other cryptocurrencies have their own life relative to stock markets, commodities, bonds and fiat currencies.  However, it is likely that the demand and their uses will increase the more devaluations and restrictions there are on fiat currencies around the world. However, the price of Bitcoin is clearly driven by mass psychology as prices are for stock markets and commodity markets. The grey market is traded ‘over the counter’. Often brokers create an informal market for securities that are not listed in the government regulated formal exchanges. The grey market is a very good barometer of the liquidity in the economy. When a recession begins, they are the first to feel the cash squeeze and become illiquid.

With all of the debt problems around the world, especially in Europe, Japan and the US, a contagion can begin at any time now, and defaults in one country will spread to other countries.

Debt bubbles can burst as shown in US history with two previous periods of deflation in terms of magnitude: 1835 – 1842 and 1929 – 1932. During these periods, the value of financial assets almost disappeared.

This is truly frightening. If history is any guide, expect deflation to follow. As a government/state defense, expect currency restrictions to be introduced in countries with debt problems. When comparing countries, the US is in the best position because they have the world’s reserve currency. However, extreme money printing in order to pay down debt usually leads to the loss of having the reserve currency. Long term, this is the likely outcome for the US dollar.

The average life expectancy for a fiat currency is around 27 years. Approximately every 30-40 years the monetary system breaks down and needs to be redefined.

Here is a chart showing the lifespan of fiat currencies historically. 

Source JP Morgan and Elliott Wave technician

The British Pound Sterling also known as the pound (XBP) is so far the most successful reserve currency in the world and is the oldest currency still in use.

Prior to WWI, the United Kingdom had one of the world’s strongest economies, holding 40% of the world’s overseas investments. However, after the end of the war, the country was very indebted and lost the reserve currency status to the US dollar. As far as which country will have the new reserve currency, I cannot see any new clear future candidate as per today.

Here is a weekly chart of the British Pound for short called XBP.

 

Technical analysis of the British Pound Sterling.  Source: Elliott Wave Technician

The XBP has been declining for about a decade. The Elliott Wave structure is a large A, B and C correction since 2007 marked in blue colour on the chart above.

Wave ‘A’ down ended in early 2009. A large side wave correction that we have labeled as wave ‘B’ ended in the middle of 2014. Since then, the XBP has been declining in wave ‘C’.

The XBP is declining in wave ‘C’ down. The decline will take the British Pound near parity with the USD in a few years.

GCV: Can you illustrate by using a chart how fast-moving Bitcoin can be and how you assisted your investors, what actions were taken for example?

The last few years we have been holding Bitcoin cash. Since the stock market, as well as the grey market, are at historically overvalued levels, we are not investing. However, we are ready to do so when the next bear market occurs most likely in 2017.

 
Source Trading Technologies, Elliott Wave Technician

GCV: What is available from an education standpoint at Cryptor Trust to assist inexperienced and experienced Bitcoin investors?

We offer a free Education Center on investment at our website elliottwavetechnician.com. We also offer different paid subscription services. The basic one is our monthly newsletter that covers all major global markets that include stock markets, commodities, currencies (including Bitcoin), demographics, and social trends.

GCV: If the stock market crashes in the near future how will this affect Bitcoin and other cryptocurrency exchanges? How safe are they from being influenced by such a disaster?

Most likely it will drive more people to hold and use cryptocurrencies. Centralized Cryptocurrency Exchanges are also at risk if they have centralized control of their clients’ money. When authorities introduce currency control/regulations as defence, the centralized exchanges then will be forced to impose this on their clients. Regarding how regulations will affect investing in Bitcoin when the attraction is that it has very little regulation, decentralized cryptocurrency exchanges and private wallets will not be affected, only centralized exchanges, as the authorities and 3rd parties, have no control/access to them.

GCV: What are the implications if cash and fiat currencies are no longer used? What would happen to the price of Bitcoin and cryptocurrencies in general?

Since a large part of the population around the world have no or limited access to technology that will take time. More restrictions and regulations will be a catalysator for increasing use of cryptocurrencies. Expect it to put an upward pressure on the price of Bitcoin and cryptocurrencies.

GCV: As the founder of the Elliott Wave Technician, can you make any predictions regarding how Bitcoin and blockchain technologies will fare in a Fourth Industrial Revolution world?

GS: Yes, I think the rise of Bitcoin to around 1.200 was the initial Wave (1) rise in Elliott Wave terms. What we have experienced since that peak is a wave ‘(2)’ correction. The decline to less than USD 200 could be all of the correction. However, I think it is more likely that it was only wave ‘A’ of a larger wave ‘2’ and the current rally is wave ‘B’ up. If this is the case, we will have another decline in wave ‘C’ to complete wave (2). A target of this decline would be to less than USD 200.

Source Elliott Wave Technician

After that, the real rise begins in wave ‘(3)’ which is the most powerful wave in Elliott Wave theory. If Bitcoin takes over one-third of the world’s remittance market, the price would conservatively go to more than USD 20,000. See my earlier long term forecast of the Bitcoin price potential in The Street.

The alternative, of course, is a much more near-term bullish outcome, which is that we already have fully completed a larger wave ‘(2)’ correction, and are in wave ‘(3)’ up, if so we will then still have a correction in wave ‘2’ of ‘(3)’ before the rise continues in wave ‘3’ of ‘(3)’. If this is the case, the size of the correction could be typically 50% or 62% retracement of the current wave up over the last few years.

Bitcoin moves very fast so if you try to be smart and trade the waves you could easily lose a large part of the rise.

Here is a short description of Elliott Wave theory:

The Elliott Wave principle describes the psychology of crowds. Social mood (mass psychology) drives social action and has structure and form.

It reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific and measurable patterns.

One of the easiest places to see the Elliott Wave Principle at work is in the financial markets, where changing investor psychology is recorded in the form of price movements. If you can identify repeating patterns in prices, and figure out where we are in those repeating patterns today, you can predict where we are going.

The Elliott Wave Principle is named after its discoverer Ralph Nelson Elliott (1871-1948) which was developed during the 1930’s.

Elliott Wave Principle measures investor psychology, which is the real driver behind the stock markets. When people are optimistic about the future of a given issue, they bid the price up.

Using the Elliott Wave Principle is an exercise in probability. An Elliottician is someone who is able to identify the market’s structure and anticipate the most likely next move based on our position within those structures. By knowing the wave patterns, you’ll know what the markets are likely to do next and sometimes most importantly what they will not do next.

GCV: Besides using the Elliott Wave Technician, what other methods do you use when researching and deciphering the quick moving path of Bitcoin to assist in the investment process?

The price of Bitcoin is clearly displaying an Elliott Wave structure, and that means the price is driven by mass psychology, so technical analysis of the price structure and Elliott Wave theory are the best tools to forecast price movements. In addition, we look at emerging technologies and potentially new competing cryptocurrencies.

GCV: What exchanges do you use in Europe and North America and why?

We do not focus on certain exchanges as such, it is more like you buy the shares of a company you are investing in on the exchange they are traded. Also, remember that most Bitcoin and blockchain related companies are more like startups or only are a few years old, meaning that you do not find them on formal exchanges, but more likely in the informal grey or private market.

GCV: How can you appease the fears of customers after hearing about the hack in August 2016 of the exchange platform Bitfinex where approximately $70 million worth of Bitcoins were stolen from the exchange?

Well, the same happens to banks. The last case I remember was the hacking of the central bank of Bangladesh. I think the heist amounted to about 101 million USD. This happens to banks regularly. With cryptocurrencies, you can avoid these problems, by storing your cryptocurrencies in your own private physical wallet offline and only use exchanges that are fully decentralized, where the client only is controlling the money.

My forecast is that hacking of banks and centralized exchanges will only increase in the future. However, I think that the biggest threat to banks and centralized exchanges are the authorities, going after them, in connections with new currency restrictions, tax regulations, and heavy fines. Remember that many exchanges are in a position to block/freeze clients’ cryptocurrency accounts. In order to avoid risking this, I recommend that you use decentralized exchanges when possible. Here are some links on the Cryptor Trust website.

GCV: Do you suggest your clients get insurance when investing in Bitcoin just to be on the safe side?

No, I do not see the value with having insurance. The insurance companies are just another risky entity. There are many other ways of securing your funds like diversifying by using different wallets, hardware wallets, etc.

GCV: Cryptor Trust is expanding into distributed, blockchain based finance. Can you share what benefit this will bring to investors and how Cryptor Trust will be a positive, progressive influence in the Fourth Industrial Revolution?

I described in some of my previous answers how important it is to keep control of your own money and avoid that banks, exchanges, authorities, and others are in control. Prepare for more currency controls, devaluations, regulations, and heavy penalties that are underway in the Western World.

Europe is the window of how this will play out near term. We already know what happened in Cyprus and Greece. Let us see how it plays out in Italy now. I expect that the banking crises in Italy will break the European Union into confetti. The deposit holders should prepare for heavy losses. They are lucky if they get anything back.

Go to Part 1
Influences of Cryptocurrencies and Blockchain Technology in a Disintegrating Debt-Laden Fiat Currency System

Interview with Geir Solem, Cryptor Trust
Geir Solem is the founder and Chairman of Cryptor Trust Inc. group of companies and Chief Editor of Bitcoin Investor. Geir is also the founder of Elliott Wave Technician and Cornupia Capital Ltd.  He is also President of the Cryptor Foundation. His specialties include analysis of the financial market using demographics, economic cycles, and Elliott Wave theory / technical analysis. Geir focuses on investment in long term trends around the world. He engages in trading of commodities, bonds, stocks, and currencies.

About the Cryptor Trust Group:
Cryptor Trust is the first and still one of the few investment groups in the world to introduce a formal capital structure based on Bitcoin, holding Bitcoin and blockchain related investments as its main assets as well as expanding into distributed, blockchain based finance.

 

Influences of Cryptocurrencies and Blockchain Technology in a Disintegrating Debt-Laden Fiat Currency System

GCV: What are the elements and/or characteristics that will define the Fourth Industrial Revolution?

GS: Billions of new people connected by mobile supercomputers, with a storage capacity and access to knowledge not seen earlier in human history, will be multiplied by emerging technology in fields such as artificial intelligence, robotics, the Internet of Things, autonomous vehicles, 3-D printing, nanotechnology, biotechnology, materials science, energy storage, and quantum computing. 

GCV: Klaus Schwab, the Founder and Executive Chairman of the World Economic Forum, stated in his article The Fourth Industrial Revolution: what it means, how to respond that the Fourth Industrial Revolution will have effects on customer expectations, product enhancement, collaborative innovation, and organizational forms as a result of new business models. How will cryptocurrencies and blockchain technology, once they are more widely accepted by the banks worldwide, affect the outcome of these four effects on society and business?

GS: They will facilitate the effects by providing lower cost, speed, trust, and reliability. However, this is not related to the banks as such, as they more or less will disappear in their current form and shape. The reason is that it is impossible for most banks to adapt due to their existing cost structure, the number of employees, regulations, and interference from the authorities. Notice that this is not only a matter of using new technology as those expensive bank buildings, all those expensive employees, and their old computer systems are not needed anymore to facilitate banking and finance in the post cryptocurrency blockchain world. Over the next few decades, you will see banks shrink dramatically and I predict that in the western world most of them will go under.

GCV: In your opinion, what ignited the Fourth Industrial Revolution and when did you decide to be a pioneer by offering guidance to people who want to invest in blockchain related assets using Bitcoin?

GS: The Internet was the basic platform that made the Fourth Industrial Revolution possible. You could say that digitalization, cryptocurrencies, and the blockchain were layers built upon the Internet. When we discovered Bitcoin, we understood this was a new beginning that opened endless opportunities in banking, finance, and commerce on a global scale.

GCV: Will cryptocurrencies and blockchain technologies empower people and if so, how will it encourage growth on a large scale?

GS: They become their own bank and have full control of their own money which is very powerful.

The main global effect on growth will be more liquidity, diversity, and a substantial increase in the number of various participants in all sectors of the economy.

Here are a few examples:
In manufacturing, the trend will be towards local production. In the future, you will print out your new mobile on a 3-dimensional printer and download the software. You will, of course, be able to choose or create the design of the mobile phone yourself.

In the stock market, there will more investors, listed companies, advisors, analysts, etc. It will also create new stock markets, especially in the 3rd world. Businesses in the 3rd world will have easier access to capital. The barriers for new companies to be listed and investors to invest will come down.

GCV: How will the Fourth Industrial Revolution shift the world inequalities to more equitable empowering options for the masses?

GS: In short, low cost super mobile smartphones, free Internet, digitalization, open source technology, cryptocurrencies, and the blockchain, all contribute to a worldwide leveled playing field. In the capitalist world, the cost of service and production is falling towards zero. As the world goes digital, a whole ecosystem becomes available over the Internet to everybody worldwide at almost zero cost.

GCV: It is predicted that the sharing economy will shift the power from institutions to individuals and communities. How will cryptocurrencies and blockchain technologies assist in the economic transformation using this type of collaboration?

GS: Together with a distributed commerce peer-to-peer network makes it all possible by facilitating the shift

GCV: How will the redistribution and decentralization of power and new technologies affect the way we do business? What kind of role will cryptocurrencies and blockchain technologies have in this paradigm shift?

GS: The unbanked now get an opportunity to have a bank account in the form of a digital wallet, doing affordable cryptocurrency transfers for purchases, savings, and investment. Until now the traditional banking system has been too expensive and bureaucratic for them. The fences/barriers are coming down and a door is open for them to enter. This means the 3rd world will fully enter the digitizing global economy. The digitized global commerce will be open for everyone.

GCV: What kind of effects will the Fourth Industrial Revolution have on the working poor, poverty stricken, numerous people without bank accounts, and the quality of life in general for the global population?

GS: Digitalization of the economy makes the entry point to join the global economy close to zero and the cost of acquiring goods and services more or less free.

GCV: Will supply and demand requests change as cryptocurrencies and blockchain technologies become the norm?

GS: Because of better availability of digitized service and goods, as well as the cost of service and goods falling towards zero, the demand will increase enormously especially from the unbanked of the 3rd world. Most of these people have limited access at present.

GCV: If cash is removed from society like most of it was in India, will it pose problems for the masses who are illiterate and do not use technology? Will cryptocurrencies and blockchain technologies bridge the gap and if so, how?

GS: The government restrictions will create problems for many people including possible ruin for those trying to save themselves without access to technology. The government of India is fully aware of the consequences, but still implemented the restrictions on the Rupee. I expect much more restrictions and regulations will occur when it comes to fiat currencies around the world as the global debt bubble implodes.

Cryptocurrencies and the blockchain are the escape route out of this regulation nightmare. It will be very difficult to enforce capital control restrictions on cryptocurrencies.

The Bitcoin/blockchain network is an encrypted, distributed, peer-to-peer outside the control of the government. It is not controlled by anyone. Cryptocurrency/blockchain networks live on the global computer network and are not possible to shut down meaning the blockchain network is not hosted in a single place where you can shut it down.

GCV: What do you perceive is the cause that ignited the shift from a debt-based system established by the fiat currency to an equity-based system created by cryptocurrencies such as Bitcoin and blockchain technologies?

GS: Technology made it possible and the abuse of the old debt system is the catalyst towards cryptocurrencies.

GCV: How will a decentralized currency affect the definition and operation of nations?

GS: Bitcoin is backed by no government, rather, it’s distributed across the entire network of users where its roots are in complex digital mathematics. This makes the currency immune to manipulation by politicians.

Because Bitcoin is untouchable by the nation-state, politicians will in the future struggle to extract tax revenues and penalties from their citizens in order to pay for the state’s ever bloating expenses and programs.  Less revenue will, of course, undermine the nation state over the long term.

However, there are other forces than the currency that influence the future of the nation-state. Declining societies are fear driven and will tend to be more nationalistic as a way of finding ‘safety’. I would expect the declining western societies to become more nationalistic, and in practice, this would include exiting the European Union and possibly the break-up of European countries like Spain, the UK, France and Italy.

There are dangers for nations that put restrictions on the Internet in order to stop cryptocurrencies. Since Bitcoin is the money of the Internet, they could become isolated from the rest of the Internet economy or lagging in development. I would call these countries the ‘next’ 3rd world.

GCV: How will access to funds with purchasing power for new consumers affect the global economy?

GS: It opens the door for those without bank accounts to participate in the global economy making the world economy to scale much bigger. However, since much of that growth will come from the informal workers and businesses in the 3rd world it will not all be officially registered in the formal economy. OECD estimates that the world’s largest economy in 2020 will be the global ‘informal’ economy where ⅔ of the world’s workers actually work. This part of the economy will be booming and a substantial part of the wealth creation will happen there.

GCV: In other words, there will still be a shadow economy even with Bitcoin and blockchain?

GS: Yes, and the reason is how you define shadow and formal economies. Politicians will more often than not define economies outside their control and will as illegal. Think about it, politicians define two-thirds of the world’s workers as ‘criminals’.  

I say really? The government controlled economy formal economy includes the world’s largest arms dealers like the U.S, Russia, China and France just to mention a few. On the top of it, the big arms dealers are very active running proxy wars around the world.

Politicians are also responsible for creating economic systems that close the 3rd world out of the formal economy and thus contributing to poverty.

GCV: What are the top pros and cons of cryptocurrencies and blockchain technology in a Fourth Industrial Revolution?

GS:
Pros

• You become your own bank, with no restrictions and parenting
• The government cannot take your money through confiscation, devaluation, and regulation, etc.
• Save money and time as cost goes towards zero for service and products and they become available digitally over the Internet
• Protection from payment fraud and identity theft
• Direct settlement (no intermediates) and direct access to markets

Cons

• You depend on technology that works. Wars, natural catastrophes, terrorism, etc. will continue and computer systems could be down for short or long periods of time.
• You need basic skills about technology as well as access to the Internet and devices.
• Cryptocurrencies still have a way go before they can replace credit cards and traditional currencies as a tool for the global economy. The timeline for widespread use will likely be over the coming decade.
• Lack of awareness and understanding as many people do not know how cryptocurrencies work and/or are not used to using cryptocurrencies.

GCV: What will be the future of work and wealth in the Fourth Industrial Revolution and how will cryptocurrencies and blockchain technologies facilitate the process making it easier to attain both?

GS: This will lead to more independent workers and entrepreneurs as the doorkeepers like banks and other institutions are bypassed with favor given to peer-to-peer markets based on digital currencies and a digital economy.

As “crowd-based capitalism” or the “sharing economy” expands, we’re taking economic activity out of institutions. In the established old model, most economic activities were controlled by large companies and institutions.

Now we have a digitally controlled model, a platform that sits between people directly. New technologies based on the blockchain and distributed network make people trust each other enough for these interactions. The sharing economy is all about people and trust. People are once again being drawn closer together on a global scale. This is the melding between commerce and community. You could say it is a democratization of opportunities.

Cryptocurrencies and the blockchain make it all possible. The blockchain is a shared, trusted ledger that everyone can inspect, but which no single user controls. Bitcoin’s blockchain ledger prevents double spending and keeps track of transactions. It is what makes possible a currency without a central bank. The trust and value are built into the system.

Go to Part 2
Outlook for Bitcoin Investment, Implications, and Trends Forecasting

ClearRetain Orthodonic Lab Technicians fulfill customers’ needs for clear retainers by manufacturing and selling them at an affordable price
The entrepreneurs and co-founders of the small Utah-based company ClearRetain are Orthodontic Lab Technicians and have been in business for eighteen months. As an Orthodontic Lab Technician with over 30 years of experience, Rick shares the inspiration and goal behind starting the business initially.

“Our goal in starting the company was to help supply customers with quality retainers at a fraction of what a dentist or orthodontist normally charge. Obviously, returning to your doctor for a replacement retainer would be ideal, but the tremendous costs associated make it very difficult for some people to afford. We’ve done our best to provide great retainers at a low enough price everyone can handle.”

Steven Gardner, second co-founder, takes care of the marketing and business side of the company.

Since a replacement retainer costs $300-$600 USD depending on your dentist or orthodontist, Clear Retain offers low-cost options instead which range in price from $79 USD for one or $119 USD for two (top and bottom). ClearRetain also offers bleaching trays which cost $119 USD and soft night guards which are $95 USD.

All of the clear retainers are made with a material called Essix Plus by Dentsply. “This material assures you have the most durable product possible. Retainers can last months or years depending on how hard you bite, if you grind your teeth, and how well you clean and care for your retainer. As for a discount, yes, there is a 50% discount on your second retainer. If you need both an upper and lower retainer, the second (lower) retainer is half off,” explains Rick.

State-of-the-art computerized equipment assures customers that the product will fit perfectly to the impression
At ClearRetain, they use state-of-the-art computerized equipment which assures customers that the product will fit perfectly to the impression which is mailed to them. If you believe that the impression is not accurate, they will send you more impression putty. You’re only required to pay for shipping.

Many customers have given testimonials for the top-notch quality and value of the product for an affordable price. “We are fortunate enough to receive reviews and testimonials from our customers on a regular basis. We are grateful for them and their willingness to share the experiences with us,” adds Rick.

One such customer, Sarah Naqvi from Ashton, MD, expressed her gratitude for the customer service and shared her experience with the product and the company.

“In these days where businesses care less about customers, I was surprised and shocked to experience a state of the art service that I received from ClearRetain. Having ordered a set of retainers for myself, I was ready to place an order for my son. Unfortunately, due to a postal error, my son’s retainers were delivered to an incorrect location. When ClearRetain learned that we had not received the retainers, they promptly ordered a second pair for immediate shipment. Within a week I received the second set. It is not just what they did but the way they handled the issue that is what is worthy of recognition. They have me as a customer for life. I would highly highly recommend anyone that is looking into getting retainers to go with this company. I assure you that you will get a service that is unheard of. Thank you ClearRetain for excellent service, great customer care and for reminding me of how customer focus organizations operate. Well done!”

The only complaint they have received on occasion occurs when a new retainer does not quite fit. But it is normal for a new retainer to feel tight initially. “This tightness is caused by slight movement of your teeth that occurs between the time you take your impression and the time you receive your new retainer. We have found though that you just need a couple of days. Your teeth will realign to the shape of the retainer and will feel more comfortable and snug,” clarifies Rick.

How to obtain a clear retainer
Here is the breakdown on how to obtain a clear retainer:

1) Order your clear retainer here www.clearretain.com and quote the promo code RHTYXD for a 5% discount. Once your order is received, they’ll ship you all of the materials needed including detailed instructions on how to take impressions of your teeth.

2) Ship your impressions back to ClearRetain in a prepaid shipping box for sending back your impressions.

3) ClearRetain then creates your retainers and ships them back to you.

Included in the package when you receive it are:
– Impression putty
– Written instructions
– Impression trays
– Pre-paid return shipping label
– Plastic baggies
– Priority Mail return shipping box
– Online video tutorial
– Download written instructions

“Once we receive your impression it takes only 2 to 3 business days to complete the order. It then takes another 2 to 3 days to ship the finished retainer back to you, the customer,” continues Rick.

Currently, they only plan on selling clear retainers in the US. But in the future, they will consider expanding their business and ship outside of the country.

As far as other products being added in the future, that’s a possibility. Presently, they offer clear retainers, custom whitening trays, sport guards, and night guards. “These are the products we hope to continue to offer in the near future,” says Rick.

For a small company that values quality products and customer satisfaction, they are doing a booming business in part because of their free postage, reliable quick turnaround time, competitive pricing, and fantastic customer service. They care about their customers and are making a difference in their lives.

Get 5% off with this promo code RHTYXD. Order your clear retainer with 5% off here:
www.clearretain.com.

Disclosure:
Grace C. Visconti’s Blog is partially a professional review site that receives compensation from certain companies as she reviews their products and services. But not all of her articles have Affiliate links only where a disclaimer is indicated such as at the bottom of this page. She only recommends products that she uses which are top quality or services that she investigates thoroughly. This blog is independently owned and the opinions expressed here are her own.