how many Bitcoin do you need to live comfy in event of hyperinflation?

[Eternad]

Will depend on whats your lifestyle is, no matter how big the amount is if your into leisure and spending too much, you will be out of money fast but if you'll be able to budget it, create a business or plant your own farm with vegetables or have livestock it will help in sustaining your living with guarantee that you will not lose food during the crisis. It's proven during this Pandemic that many relies on their garden and plants as its quarantine and fear of being outside and the market is limited so their only source is to eat and cook their own vegetables for food to have a meal to eat.

[Twinkledoe]

Will depend on whats your lifestyle is, no matter how big the amount is if your into leisure and spending too much, you will be out of money fast but if you'll be able to budget it, create a business or plant your own farm with vegetables or have livestock it will help in sustaining your living with guarantee that you will not lose food during the crisis. It's proven during this Pandemic that many relies on their garden and plants as its quarantine and fear of being outside and the market is limited so their only source is to eat and cook their own vegetables for food to have a meal to eat.

Yes, it indeed depends on someone's lifestyle. If you live a minimalist lifestyle and tending your own garden, you don't need much money to become a self-sufficient individual. And that is one of my goals in the future as I don't have my own garden right now. We can live simply and happy at the same time. So my answer is not big amount of btc.

[adaseb]

how many Bitcoin do you need to live comfy in event of hyperinflation?

You dont need any. All that you need to fight hyperinflation is access to Bitcoin any moment. As soon as you get hyper inflating currency you change it to Bitcoin. You dont work to be paid in few months time. You want pay immediately. You try to take a loan and buy Bitcoin so you will pay that loan back in hyper inflating currency and will cost you nothing. Hyper inflation is also an opportunity. Just like anything else in life.

Have you lived in a country with hyper inflation before? Then how do you know its possible to get a loan? Most likely banks aren't dumb and will either freeze any loans or they will charge HUGE interest rates. Basically the interest rate will be higher than the hyperinflation. So high that people will not be taking in any loans.

I don't think there are any positive opportunites with inflation. Sure you can over-charge for everything but what is the point since the money will be useless anyways. Hyper inflation and corrupt countries cause alot of hardship and poverty and is never a good thing.

[maydna]

Yes, it indeed depends on someone's lifestyle. If you live a minimalist lifestyle and tending your own garden, you don't need much money to become a self-sufficient individual. And that is one of my goals in the future as I don't have my own garden right now. We can live simply and happy at the same time. So my answer is not big amount of btc.

If someone's lifestyle is too high, he will not feel satisfied with what he got because he will feel that he needs to have more. But we can try to get as many bitcoin as we can, but that will not be easy because we need to realize that every way we use will not always give us the bitcoin.

But yes, I agree that we can live simply and feel happy at the same time because as long as we can feel our daily needs without a problem, that will be enough for us. If we can get many bitcoin, we should be grateful.

[mersal]

how many Bitcoin do you need to live comfy in the event of hyperinflation? is 1 BTC enough?

hyperinflation for nocoiners
hyperdeflation for bitcoiners

One bitcoin is not going to be enough, and no matter how much bitcoin you have the hyperinflation is not going to alter the value of the products you are going to buy, it only alters the fiat price and the bitcoin price also will increase not the product decrease so it is going to nullify the value of rising in terms of fiat.

[rodskee]

how many Bitcoin do you need to live comfy in the event of hyperinflation? is 1 BTC enough?

hyperinflation for nocoiners
hyperdeflation for bitcoiners

it is not bitcoin that what you want instead the value in Fiat,Bitcoin won't feed you in Hyperinflation instead you need foods and with that happening the value of foods will surely increase and the value of Bitcoin will fell down.
if you are afraid of Hyperinflation then better convert that 1btc now and just let funds stay with you because what you want here is double
 favor,you wanted to Hold Bitcoin to increase the value but you did not anticipate that in that time Bitcoin will surely not the best thing to save you.

[arcmetal]

Somewhere between 2.718 and 3.141 btc should do it.

[deisik]

You dont need any. All that you need to fight hyperinflation is access to Bitcoin any moment. As soon as you get hyper inflating currency you change it to Bitcoin. You dont work to be paid in few months time. You want pay immediately. You try to take a loan and buy Bitcoin so you will pay that loan back in hyper inflating currency and will cost you nothing

Hyperinflation is way more complicated than that

You seem to assume that hyperinflation is just about prices rising fast and strong while everything else remains more or less normal. In real life, however, hyperinflation is an outcome of what could be called an economic collapse. Put differently, only a tiny percentage of the general population will be able to ride hyperinflation in a meaningful way as you see it. It is not about "you want pay immediately" as it is more about "whether I'll be paid anything at all"

Hyper inflation is also an opportunity. Just like anything else in life

The difference, though, is whether it is an opportunity for you personally, i.e. whether you can take advantage of it. Hyperinflation is best for those printing money, not those using it (more in the sense of having to use it)

[cryptoaddictchie]

How many Bitcoin do you need to live comfy in the event of hyperinflation? is 1 BTC enough?

hyperinflation for nocoiners
hyperdeflation for bitcoiners

Want a normal answer? I cant lived comfy with simply 1 btc. Yes this is my honest opinion cause its value on our local currency can be spend within less than a year considering the inflation that could happened. Its big but considering all factors on the expenses for me its not enough especially the way on how I live and spend.

If you are talking about a fair holdings of btc then I could say 5btc to 10 btc would do. Anyway thats my estimation only.

[btc78]

how many Bitcoin do you need to live comfy in the event of hyperinflation? is 1 BTC enough?

hyperinflation for nocoiners
hyperdeflation for bitcoiners

I don't need Bitcoin in that kind of living time,I would choose to have a small farm with fruits,veges and animals than having  Bitcoin.

maybe i will consider that 1btc you mentioned to convert in fiat and buy land now before that Hyperinflation happens.

Somewhere between 2.718 and 3.141 btc should do it.

seriously?lol

[buwaytress]

I've said it before. The scenario of total doom and destruction for the global economy and US dollar doesn't actually work for me. What's the point of having $1 million Bitcoin if US dollar experiences 1000% inflation, right? Haha.

I mean, $100k bitcoin in a couple of years feels nice. But I'd like to be able to still buy $100k value of today when that happens!

[Febo]

how many Bitcoin do you need to live comfy in event of hyperinflation?

You dont need any. All that you need to fight hyperinflation is access to Bitcoin any moment. As soon as you get hyper inflating currency you change it to Bitcoin. You dont work to be paid in few months time. You want pay immediately. You try to take a loan and buy Bitcoin so you will pay that loan back in hyper inflating currency and will cost you nothing. Hyper inflation is also an opportunity. Just like anything else in life.

Have you lived in a country with hyper inflation before? Then how do you know its possible to get a loan? Most likely banks aren't dumb and will either freeze any loans or they will charge HUGE interest rates. Basically the interest rate will be higher than the hyperinflation. So high that people will not be taking in any loans.

I don't think there are any positive opportunites with inflation. Sure you can over-charge for everything but what is the point since the money will be useless anyways. Hyper inflation and corrupt countries cause alot of hardship and poverty and is never a good thing.

Yes I did. It goes exactly as I wrote. Of course for short time a year or so inflation was even few 100% a month. So people when got salary went to bank and took out all money in cash. That was in late 80ties so cash was widely used. And outside of bank there was a guy that exchanged their whole salary into other currency. You of course was not able to exchange that inside bank. Or you could only to some limit. For sure not whole salary. That exchange guy was standing in front of bank totally safe. What he was doing was illegal, but there was no one to hunt him. Police officer also had to exchange his salary somewhere. If he would put that guy in jail then he could not be able to do it. Loans are usually taken for long term. 10 years or even more. No bank can predict in the future that long. Last payoffs were so low that bank clerk asked my mom if she would like to pay off for last few years at once. Since was so little.

There are opportunities in anything. When Bitcoin was $3000 at early 2019 most people here was crying, for me that was opportunity.

[deisik]

I've said it before. The scenario of total doom and destruction for the global economy and US dollar doesn't actually work for me. What's the point of having $1 million Bitcoin if US dollar experiences 1000% inflation, right? Haha

You may want to read this article (don't worry it's mine and makes an easy reading)

In essence, if there are good cryptocurrency payment cards freely and easily available across the world, the major cryptocurrencies, i.e. the ones used for payment, will stop being intrinsically valued in the US dollar and become means of payment of their own (we discussed that before). So the case of complete doom and gloom for the dollar may be a silver lining for cryptocurrencies. In fact, that may be their prime time and the best opportunity ever to take over fiat for real

I mean, $100k bitcoin in a couple of years feels nice. But I'd like to be able to still buy $100k value of today when that happens!

In that case, you won't care how much the dollar will be worth in bitcoins

[Reid]

It won't be enough if you are living in that country with hyperinflation.
Imagine exchanging 1 BTC for 100 million paper currency of that country without even having much of a value.

I think you are confused here.
Is this how you want it?
BTC to USD then USD to your country currency. Still not a win if you are buying everything for triple the price.

[thecodebear]

26.53 BTC. No more, no less.

[beerlover]

It is not about bitcoin only, hyper inflation is something that could ruin anyone and I mean anyone, we are in a world where if you live in a country like Venezuela for example, you are going to end up not living very well no matter how much money you have. Of course, some people with "power" could get out and power could be bought with bitcoin or usually just wealth in simple terms but if you are rich yet not powerful it doesn't matter how much money you have.

For example you have 10 million dollars worth of money and you live in Venezuela before the hyperinflation happened and just as it happened you go out and there are no food, no drink no nothing at all which would basically mean you are living like the poor people because your money is not buying anything in the end anyway.

[CODE200]

26.53 BTC. No more, no less.

Basis? It would be indeed a huge amount but hyperinflation is not a short term problem. Also, there is a tendency for hyperinflation to affect the market price of crypto since it has to be converted to fiat in order to be used on purchasing goods. But to as how I understand hyperinflation, it alters the value of a currency ;worst is that a currency could be worthless, pushing you to move to other currency. But the problem would be exchanger. Who will exchange a currency to another currency having no value at all? for an instance. That is when problems would arise. Bitcoin can be converted to fiat of other countries but to how will you exchnge it during hyperinflation and benefit from it? It is not only devaluing of a currency but the situation itself wherein it will be hard to live a life despite of the huge amount you are having in ligh with a tough situation.

[DeathAngel]

I don’t think anything under 20BTC will allow most people in first world countries to retire & live a great life. Certainly not selling during this bull run any way. Let’s assume person X lives in the US & is 40 years old, if bitcoin reaches $100,000 per coin he’s going to need 20BTC at least to live until he dies of old age. He’s going to need even more than 20BTC if he wants to keep some for future bull runs.

Plus fiat is becoming useless so nobody wants to sell all of their bitcoin any time soon.

[buwaytress]

You may want to read this article (don't worry it's mine and makes an easy reading)

In essence, if there are good cryptocurrency payment cards freely and easily available across the world, the major cryptocurrencies, i.e. the ones used for payment, will stop being intrinsically valued in the US dollar and become means of payment of their own (we discussed that before). So the case of complete doom and gloom for the dollar may be a silver lining for cryptocurrencies. In fact, that may be their prime time and the best opportunity ever to take over fiat for real

Worth a merit at least! Thank you.

I actually agree with this view and it's a nice thing to have, eventually, yes, and for us who've adopted it, yes. But it's not yet in enough people's hands I think. I have crypto, and hopefully enough for those I care for, but a great many people who don't have it will be in real trouble in that collapse... and judging from just how many wealthy shillers own crypto vs honest people who don't, I don't really see a good outcome if this reality comes true soon.

Maybe I'm simple but for me, a "nicer version" of this future is when we see moneychangers start listing fiat in terms of Bitcoin. Imagine, USD/BTC, EUR/BTC, CHF/BTC pairs. And Bitcoin being the only currency in all these pairs!

[STT]

If its not already obvious, nobody is really benefitting from hyperinflation except maybe the horribly indebted and even then its likely to wipe out a society and its ability to trade and do business properly.   These scenarios even if you are hard into crypto or whatever hedge you think might work, its not going to be a positive overall.   If a currency collapses the country generally will be poorer which mostly drags everyone down as all workers receive less.   The exception is international income, so export industries and global trade is key as you receive external currency and income.
  The BTC is less important then productive capability, the idea it would produce income by itself is a tenuous hope.   Theres pressure likely on most industries if dollar goes down for example as its tied to so many economies, eventually some one gains from the transition to a better system but not the upset itself is my guess.  Im thinking entertainment and gambling is not helped by extreme scenarios, hyper is like 30% value lost every month btw so alot.