Talking Crypto with Dr. Chris Vo

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Dr. Glenn recently spoke with a fellow Vo, Dr. Chris Vo, known as the “crypto dentist.” Although the two aren’t related, Glenn jokes that there are so few “Vo’s” in the area they might as well be cousins.Chris is one of the founders of “The Crypto Dentist,” a two-man team run in tandem with his pal, Mitch. At the Crypto Dentist. Some people may assume crypto is a “scam.” Many invested have endured a “beatdown”—including Glenn and Chris. However, Glenn notes that many people continue to invest in stocks despite their volatility, yet they don’t write the stock market off as “BS.” He knows it’s important to remember that “these things are cyclical in nature.” At the Crypto Dentist, Chris aims not only to fill in gaps where knowledge is lacking but to combat the rampant misinformation circling the internet. There are many sources and people to avoid sharing ill-founded advice and even spreading scams. Chris values credibility first and foremost—“I’m a dentist, I have a reputation, and I’m trying to lead my colleagues.” Although many people may be interested but afraid to invest in crypto, Chris says now may be the best time to follow through. He illustrates the example of a mall in which everything is 80% off—would you go home and come back when everything’s at retail price? “The time to buy is when everything’s on sale,” Chris says, “Which is right now.” Although Chris has devoted himself to dentistry.” He grew up fascinated by technology; it is surprising to learn that Chris began mining Bitcoin in 2017. Glenn recalls the “dot-com crash,” and he notes that although the crash occurred, “that doesn’t mean dot-coms weren’t worth anything.” In fact, “what it showed was that the cream rises to the top.” That is, the strongest competitors made it through the fallout. As a dentist, Chris often sees his colleagues struggling to figure out how to invest. The Crypto Dentist’s mission is to provide “basic educational courses” for those who are just starting to test the waters. He believes it's an effective way for dentists to build a passive income. That’s not to say investing comes without its risks. Chris believes the best way to help offset risk involves investing in one of the “blue chips” of the crypto world—Bitcoin and Ethereum. Like all cryptocurrencies (and stocks, for that matter), Bitcoin “goes up, then down.” However, “on a long trajectory, it’s going up.” That’s why Chris thinks Bitcoin is the first asset dentists should invest in. Chris emphasizes that before anyone buys, they should know precisely what they’re getting into. “I’ll tell you what’s not a winning strategy: buy high and sell low without conviction. That’s what happens a lot,” Chris says.   Your security and ability to succeed are top priorities. That’s why Chris is upfront with his clients about hard lessons he’s learned from his investment journey. For example, Glenn and Chris were impacted by the recent decline of the Celsius Network, a sort of “crypto bank.”This isn’t a criticism of crypto’s potential, but Chris points out that crypto is an experiment “the same way the internet was an experiment… 15-20 years ago.When you turn to Crypto Dentist to learn more, you’ll become better-versed in risk management. Chris emphasizes that “a balanced portfolio has high-risk portions of it and low-risk portions of it”—it’s all about finding that spot that’s best for you. The Crypto Dentist recently offered a course on all the basics for those making their first steps into the world of crypto. Keep an eye out for upcoming events (and possible upcoming discounts). Of course, you can always contact Chris by finding him in the Nifty Thrifty group or visit his website cryptodentist.net to learn even more! Learn more…According to Chris, what is to blame for the recent crash? And more!