How to survive hyperinflation?

[chrisadler]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

[1715023566]

1715023566

[1715023566]

1715023566

[1715023566]

1715023566

[1715023566]

1715023566

[1715023566]

1715023566

[_act_]

Gold is a store of value, but this will not make me invest in gold.

https://bitcointalk.org/index.php?topic=5473902.msg63150189#msg63150189

It is better to invest in bitcoin.

I can invest real estate but I have little amount of money which will not make me not to do it. I prefer bitcoin.

[Jawhead999]

I do invest in Bitcoin and will not invest in crypto aka altcoins because it's full of scam or pump and dump, not reliable for long term prospect.

Household price is ridiculously high right now, I don't think the new generations are afford to buy household.

Stock is good when the economy in your country is good, we're currently in recovering phase, so stock can be a choice for another portfolio.

Since you're asking in Bitcointalk, don't be surprised most people will answer that.

[DeathAngel]

Bricks & mortar (property) is always a good hedge, holding property in a good area for decades will never lose you money. You’re here on a bitcoin forum though, the answer is closer than you think. Bitcoin is the inflation killer, look since 2009, nothing beats bitcoin’s performance. Buy, keep buying, never stop buying.

[Mauser]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

During high inflation periods cash is one the worst investment choices we can make. We are just going to lose value each year with the rising inflation. Investing into anything fixed rates like bonds or savings account is not going to do much better. The central bank will likely keep rising interest rates to combat and inflation, which decrease the value of our fixed payments in the future. Stocks is definitely a better idea to invest, if the business is not hit hard by inflation themselves. As long as the company can charge the customers with the higher inflation their business model is not at risk. Crypto currencies seem like one of the best solutions, because they are independent of your country and the value should not be affected by your local inflation. This all depends on how much money you can save and if you might need it short term. In case you can't invest longterm you could also consider switch some money into USD, like many people in Argentina are doing to escape their struggling high inflation.

[Don Pedro Dinero]

For starters, I'm sure the OP doesn't know what hyperinflation is, just as most people don't know what hyperinflation is. People think high inflation is hyperinflation, and it's not. Not even Argentina, which has 120% inflation this year is suffering from hyperinflation. Let's see:

What Is Hyperinflation? Causes, Effects, Examples, and How to Prepare

While inflation measures the pace of rising prices for goods and services, hyperinflation is rapidly rising inflation, typically measuring more than 50% per month.

Investopedia gives a more traditional way of preparing for inflation:

It's critical to remember that hyperinflation doesn't happen very often, especially in developed countries where a central bank focuses on reigning in and controlling inflationary periods. However, there are some actions you can take to reduce the effects normal or high inflation have on your portfolio.

A balanced and diversified portfolio can help you reduce losses through inflationary periods. Commodities and real estate can reduce the adverse effects of inflation because they tend to increase in value during these times. Treasury Inflation-Protected Securities (TIPS) can hedge against rising inflation because the principal you have invested in a TIPS adjusts with inflation.

Mutual funds and exchange-traded funds that practice inflation swaps can also be used to combat the effects of inflation on your portfolio.

To this we should add while we are on this forum, and as mentioned, bitcoin.

[electronicash]

inflation is still not done. price will still be going up. and the only we could do is to earn more by having multiple jobs these days. minimizing spending and just buying the basic necessities. no overspending on fine dining and champagne. if you have a truck still that burns 1 liter per 12 kilometers, don't use that car anymore or sell this car and buy a mini car that burns 1 liter per 18 kilometers.  

in my country, the central bank encourages cashless payment already. cash is no king anymore. so invest in crypto. there is no better way to make money and solve your own financial crisis than by earning this coming bull run. you won't miss this out if you have DCA BTC and at least buy some top tokens.  

[hugeblack]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

Hyperinflation may result from several economic factors, and trying to find a single solution to all inflation problems in all countries will be impossible, although some investment solutions such as purchasing Bitcoin and gold may contribute to reducing the negative effects of inflation.
If you are in a country suffering from explosive inflation, look for the reasons. If it is the government’s mismanagement of cash or budget imbalances, it is better to try to withdraw your money from the banks, otherwise restrictions may be imposed on that.
If the reason is energy prices, then investing in sectors such as solar energy is better than buying Bitcoin, and so on according to your circumstances. The only constant is not keeping the local currency.

[btc78]

with my current economical status, bitcoin is the only one i can afford to invest to

i would love to have to invest in all three someday but for now with the little money that i have, i’m satisfied to have put it in bitcoin maybe in the future i’ll have more btc but for now i only bought what i can

[kingvirtus09]

Gold is a store of value, but this will not make me invest in gold.

https://bitcointalk.org/index.php?topic=5473902.msg63150189#msg63150189

It is better to invest in bitcoin.

I can invest real estate but I have little amount of money which will not make me not to do it. I prefer bitcoin.

But when there was no Bitcoin, what were the options that others were doing to survive hyperinflation? Isn't investing in gold, silver, and real estate one of them? And they have intrinsic value.

Spend less money than we earn. We should also have multiple sources of income, not just Bitcoin or cryptocurrency, where we are living at the moment. As long as we do everything we can to benefit from it, we can have income in different ways.

[Queentoshi]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Before investment, you have to be able to reduce expenses so you can have enough to put into investment. You have to cut budget and let go of more pleasures and luxury, spend more on more assets and lesser liabilities. Financial intelligence and strong discipline are key factors to make it through inflation, you have to be strategic wan wiser with spending.

Would you invest on crypto, stocks or household when the cash is not the king?

To invest in bitcoins will be my choice because I have a good understanding of the advantages it has against inflation.

[kentrolla]

Since the time I have learnt about inflation and how money or gold cannot help you to cope up with inflation I have diversified my investment into stocks, crypto, real estate and a small portion into Gold. It was a commonly misconception that Gold will help us to cope up with inflation but it fails and bank interest rates for FD are no different. It's better to invest into real estate if you are not familiar or not comfortable with Crypto or stocks. But I have high hopes on stocks and crypto but I am very active in crypto to shuffle my investments to get more out of it wherein stocks are into auto pilot mode and you just need a genuine broker to manage your portfolio.

[Marvelman]

I think spreading your money around is smart.  Don't keep it all in one place! Look into stuff like crypto, stocks, real estate, or gold/silver.  Just make sure to research a lot before investing since markets change.  There's no magic bullet but having different kinds of assets could help soften the blow if hyperinflation hits.  It's like putting your eggs in different baskets instead of just one and  of course things could still go south but diversifying gives you better chances if inflation goes wild.

[ZAINmalik75]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

In hyperinflation, it becomes difficult to save funds, but if you somehow get the chance to make some savings, then saving them in the form of local currency would not be wise because the value of your local currency is already eroding. Why would you keep that money?

Converting that money into dollars, or BTC, would be the best way to fight against hyper- or super-inflation. Because BTC is a hedge against inflation, we can't even say gold is a hedge against inflation because the price difference between BTC and gold can be compared, and the result can be that BTC is a winner in terms of hedge against inflation.

Investing in stock or a household is also a good option, but investing in stock is better than investing in a household because the value of those households will remain the same if they are used in your local place where the currency is inflated, but they will become half the price of the item you buy.

[Youngkhngdiddy]

In hyperinflation, it becomes difficult to save funds, but if you somehow get the chance to make some savings, then saving them in the form of local currency would not be wise because the value of your local currency is already eroding. Why would you keep that money?

Converting that money into dollars, or BTC, would be the best way to fight against hyper- or super-inflation. Because BTC is a hedge against inflation, we can't even say gold is a hedge against inflation because the price difference between BTC and gold can be compared, and the result can be that BTC is a winner in terms of hedge against inflation.

Investing in stock or a household is also a good option, but investing in stock is better than investing in a household because the value of those households will remain the same if they are used in your local place where the currency is inflated, but they will become half the price of the item you buy.

   Hyperinflation is a period of extremely rapid and uncontrolled inflation, typically defined as an annual rate of inflation of more than 50%. This can lead to a severe erosion of the value of money, as prices for goods and services rise rapidly and the purchasing power of the currency falls. If there is hyperinflation, you have to get rid of the hyperinflating currency as fast as possible. Besides buying food and other essentials investing in not inflating foreign currencies or hard assets like real estate, commodities, not speculative equities and precious metals were ways to protect people from losing purchasing power rapidly.
     if you honestly believe hyperinflation is about to occur, borrow as much money as you can and convert into easily sold portable assets such as precious metals, investment grade diamonds, cryptocurrency. If the country you are concerned about isn’t a major economic power, then a different foreign currency or real estate are also a reasonable choices.

[Gaza13]

Of course, before that happens, we have to prepare ourselves to protect our money so that it is not eroded by inflation. we switch to buying assets that tend to be more stable, which are better known, namely gold, of course hyperinflation where conditions are much worse than inflation, Before that happens, we should get used to living frugally according to our capacity and try to create new additional income. This method means we don't have to rely on just one income.

[Silberman]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

The way to do so has always been to exchange your fiat for assets which are considered to be a store of value, now you have to do this before hyperinflation even strikes because if you do so once it has appeared then you will lose a great deal of your wealth anyway, and this can be done by investing your money in precious metals, real estate or bitcoin, however you do not be afraid to try other more unorthodox solutions, as if you could for example produce your own food on your land then you can reduce the impact that hyperinflation has on you as well.

[uneng]

Bitcoin investment is one of the best alternatives against hyperinflation in order to protect your money against devaluation. If you keep buying BTC in small portions every month with part of your wage, you will see consistent gains on long term when compared to other people from your country who are also facing hyperinflation, but don't invest in Bitcoin and only hold fiat on their banking accounts.

Besides Bitcoin, you can also invest in properties, but then it will demand a larger portfolio from you, what isn't the case of most investors who have only some spare money to invest every month.

[gunhell16]

For instance, if I had Bitcoin or another cryptocurrency and I'm facing hyperinflation, I'll prefer that over real estate without a doubt. I'll then only purchase necessities.

After that, if I own land or real estate, I will plant fruits and veggies so that I will always have food on hand and won't have to spend money on produce when these circumstances arise. I have a plant in my yard where I can store food for my house as well, so I won't need to spend money on these items alone.

[jossiel]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Fortunately, I haven't been in a country where I live that has hyperinflation but if ever that I'll deal with it. The typical arrangements that I have been doing to cope up with the usual inflation is what I'll just do the same thing.

Would you invest on crypto, stocks or household when the cash is not the king?

Cash is still king by that time IMO, usually with the assets that we have, sometimes that they're hard to liquidate and that's why I'll still keep some but obviously.

Aside from crypto, I'd avoid stocks and government bonds and if possible that my money is enough then I'll go ahead with the real estate and some golds and jewelries.

[Cryptomultiplier]

Bitcoin investment is one of the best alternatives against hyperinflation in order to protect your money against devaluation. If you keep buying BTC in small portions every month with part of your wage, you will see consistent gains on long term when compared to other people from your country who are also facing hyperinflation, but don't invest in Bitcoin and only hold fiat on their banking accounts.

Besides Bitcoin, you can also invest in properties, but then it will demand a larger portfolio from you, what isn't the case of most investors who have only some spare money to invest every month.

Apart from a steady DCA investment strategy which would require much discipline during this time, one good way to survive hyperinflation is to stock up on household groceries, toiletries and and other comfort that would make the saving or investment process easy to bear. Also is to limit gambling and indulgence in habits that consume much like smoking, drinking, daily.
Further more, buying resellable items cheaper from willing to sell individuals would also be one save up or survive hyperinflation successfully.

[STT]

Hyperinflation is fairly rare, just plain old normal inflation will also kill you.  Like saying a clifftop and a normal fall, both can get you easy enough no great dramatics is required to lose a business etc.   across an entire economy of course hyper can mean the end of a country.    To survive and just come out flat is probably the most realistic aim and hard to do when an economy retracts in real value terms while many insist on reporting nominal growth still.
   I think if you look at the strategies of someone like Warren Buffet, import export becomes the only reliable source of trade in a country in that those external companies are far more stable and continuous in supply and demand.   Having the ability to supply and not be reliant on external costs is the ideal, many service type industries could suffer something land based with secured costs long term could benefit imo.  Commodities including farming possibly might survive better then others but being able to regularly sell into a reliable market is fairly vital as cashflow and cash itself becomes irregular.  

[bettercrypto]

Maybe if you're just a resourceful person, even if it's hyper inflation, you'll definitely be able to survive. But if you are lazy as an individual created in this world, it is also certain that you will die of hunger. But since I'm here at the moment in the crypto space, somehow it helps in all the opportunities in my life as well.

I think and I think that doing crypto trading while you are facing a hyperinflation is also a good answer, as long as the important thing is that you know and know something about crypto trading, you can't know nothing about it, you can also get a nice profit in the end.

[Dr.Bitcoin_Strange]

I would rather invest in Bitcoin than stock. Although what determines the number of investments that someone can make is the amount of money they have, some people who have huge sums of money are always scared of only investing in one thing, probably because they know it's not wise to carry all eggs in one basket. Some people will possibly invest in Bitcoin, stocks, real estate, and even gold, so that they will know that they are prepared from every angle. If I have enough money, I will invest in Bitcoin and also maintain my business.

[Darker45]

It will have to be diversified as much as possible. Investment in cryptocurrency is, of course, the main thing. Real estate is another. Where I am, a thickly-populated country, the price of real estate properties is rising no end. Having your own business is also a goal. Not only is it an additional source of income, it is also a way to put into productive use the money which otherwise could just be sleeping in the bank.

Also, it will certainly help a lot if you produce your own food. The goal is not to become entirely independent from the markets but with the continuously rising prices of goods it will help if you don’t have to buy everything that you need. This helps you navigate through financially hard times.

[kingvirtus09]

It is not easy to live during hyperinflation, to be honest, but for the beggars who have no money and only rely on alms or help from others, they are not affected by it, but they are used to it, and they are actually going through severe hyperinflation. But they are still able to survive because they still fight and find ways to survive.

If these people can do it, especially we people who are not beggars who live in the world, especially if you are here in cryptocurrency, you can say that you are a middle-class type of person because the internet is not free in cryptocurrency. When it is done, this is your source of income. Am I correct, or do I have a point?

[uswa56]

Bitcoin investment is one of the best alternatives against hyperinflation in order to protect your money against devaluation. If you keep buying BTC in small portions every month with part of your wage, you will see consistent gains on long term when compared to other people from your country who are also facing hyperinflation, but don't invest in Bitcoin and only hold fiat on their banking accounts.

Besides Bitcoin, you can also invest in properties, but then it will demand a larger portfolio from you, what isn't the case of most investors who have only some spare money to invest every month.

Apart from a steady DCA investment strategy which would require much discipline during this time, one good way to survive hyperinflation is to stock up on household groceries, toiletries and and other comfort that would make the saving or investment process easy to bear. Also is to limit gambling and indulgence in habits that consume much like smoking, drinking, daily.
Further more, buying resellable items cheaper from willing to sell individuals would also be one save up or survive hyperinflation successfully.

Using the DCA strategy in investing in Bitcoin, of course we have to do it consistently to be able to survive when hyperinflation occurs and we also need to prepare several other needs that we need because when hyperinflation occurs of course we will have difficulty meeting our needs because the price of goods will increase uncontrollably under control.

Avoiding habits for things we don't need will certainly be better for the income we have so that we can save more and also invest so that when hyperinflation occurs we can still meet the needs we need.

[michellee]

I've invested in crypto and a little gold. But I still want to invest in crypto again, especially in Bitcoin, because I have seen the benefits that I can get from it. And by using the DCA method, I can increase the amount of my investment in Bitcoin.

To maintain financial well-being, we need to have investments and prepare fiat to survive. However, we still need fiat to meet our living needs. And from that investment, we can get profits that we can convert to fiat to help us survive.

We can live frugally and not be wasteful in expenses. That way, we can have fiat savings to guard against any bad things that could happen. If we can prepare ourselves from now on, we will definitely be able to survive hyperinflation.

[adaseb]

Most of the countries which are undergoing hyper inflation, most people just buy US dollars and use that to pay for goods and services. You can buy gold or crypto but gold is hard to pay with in small amounts and most people don’t know what crypto is to be honest.

What will happen is the currency will become useless and they will replace with a new currency or adopt some other currency like euro or US dollar. This happened many times in the past and the result was always the same.

[Kakmakr]

I think a lot of people in countries with Hyperinflation, switch to more stable Fiat currencies, like the US Dollar. This is one way to protect the value of your wealth, but you can consider other methods.. like buying Gold or even buying some bitcoins (BTC)

I think you should consider a combination of these options, so that a small portion of your wealth are stored in stable Fiat currencies that can be used frequently as needed and the majority of your wealth invested into something that can protect it's value over a longer period. 

[JunaidAzizi]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

Hyperinflation can causes many problems or in fact it itself bringing the whole problems. The only way to servive in hyperinflation is to increase your income. There are many ways to deal with it but adoption one is the individual own choise. I preferred two things one is bitcoin no doubt and the second is real state. The combination of these two is very effective for me. Bitcoin no doubt always increase it's value some time it come downs but when it goes up it give a high profits. The real state is a business that never end and work In every situation. Those persons who have money buying house and inflation is only for poor people.  House is the need of every persons and rich person always changing their houses for betterment so if you do a real state business then in the hyper inflation your work will not be stopped if a single house is sell in the whole month it will be enough for you.

[bayu7adi]

Most of the countries which are undergoing hyper inflation, most people just buy US dollars and use that to pay for goods and services. You can buy gold or crypto but gold is hard to pay with in small amounts and most people don’t know what crypto is to be honest.

Investing in gold comes with its own challenges. Gold investments often have buyback terms that are not favorable if price changes are not significant. The institutions handling gold transactions in my country set a very high spread. Even if you hold gold for 10 years and the price only goes up by 5%, you might end up with a profit of just 2%-3% due to the unfavorable buyback terms imposed by the company, particularly disadvantaging small investors.

On the other side, crypto offers a more competitive price offer, and the fees set by exchanges are within a very low tolerance range... that's why I'm gradually leaning towards crypto as a hedge against hyperinflation. Besides the ease of conducting transactions (anywhere, anytime), crypto seems more familiar to me now compared to gold from my perspective.

[EarnOnVictor]

Would you invest on crypto, stocks or household when the cash is not the king?

First, I don't understand what you mean by "when the cash is not the king?" and next time, try to be more specific.

However in my understanding, money must be present for you to ever think of an investment, and if money is not the problem, then investing in businesses and assets that would guarantee you extra income is not a bad idea. Investing in Crypto, Stocks, and permit me to call the third one Real estate have been good investments for people over time, just ensure that you learn and fully understand where you are channelling your money to.

You might also want to invest more money in Crypto as it gives a fast and higher return, but still, ensure to distribute it in assets.

[Ucy]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

It depends on where the hyperinflation is happening. It's probably not going to be global unless you experience some sort of chronic global problem where most things become extremely scarce or most countries become consumers based with less productivity.

But what if I told you that one of the best ways to beat hyperinflation is to become more productive by investing in scarce things that are in high demand for local consumption and for export in order to earn more valuable currency like dollar? Crypto/Bitcoin is not yet well developed to the extent of encouraging anyone to invest or earn, like the USD is which is regulated by government. It hopefully will get there in the future but for now, you should stick to productivity and exporting some of your products to earn stronger currency like the USD that is unlikely to experience the hyperinflation any time soon. If you need more stronger currency, become more productive to export more. By the way, earning stronger currency like USD will also enable you import things you need that are not available locally and have become too expensive due to the hyperinflation

[Despairo]

First, I don't understand what you mean by "when the cash is not the king?" and next time, try to be more specific.

In my understanding, people who said "cash is the king" refers to having opportunity to make money when the time comes. It's like when someone want to sell his house for cheap price because he need money urgently to pay medical bills, if you have cash at that time, you can buy the house since cash is liquid, not like other investments e.g. stocks, real estate where you need to wait to sell it.

However "cash is the king" isn't correct anymore when Bitcoin aka one of promising asset, is very liquid and you can cash out whenever you want.

[Lida93]

Gold is a store of value, but this will not make me invest in gold.

Yes, it's a store of value to retain the value of our fiat money not to lose value as a result of inflation of which gold is considered an anti-inflation hedge. Those in government sits may not agree with your choice cause in the financial market trust is everything and gold have that trust than bitcoin that have just existed yesterday.

https://bitcointalk.org/index.php?topic=5473902.msg63150189#msg63150189

It is better to invest in bitcoin.

I can invest real estate but I have little amount of money which will not make me not to do it. I prefer bitcoin.

For individuals with not much money to invest in real estate as it demands bastard sum of cash to kick start it, bitcoin can be a right choice to be invested in knowing how progressive the profit has been over the past decade compared to gold in profit.

[kryptqnick]

I think it's important to abandon stocking up fiat because it quickly loses its value, and it's better to spend money on things you'll need in life. Spending will allow you to enjoy what you have, make your life more comfortable. I haven't experienced hyperinflation, but I have experienced very high inflation (20-30%). In those cases, it was noticeable that prices did not adjust at equal rate and proportions, so some things became relatively more affordable while others started costing way more. Paying attention to actual differences can be useful.

Bricks & mortar (property) is always a good hedge, holding property in a good area for decades will never lose you money. You’re here on a bitcoin forum though, the answer is closer than you think. Bitcoin is the inflation killer, look since 2009, nothing beats bitcoin’s performance. Buy, keep buying, never stop buying.

Actually, it's not always a good hedge because one should account for the reasons of hyperinflation. If it's caused by war, and there's a lot of regular destruction of property, then it's a terrible investment.
Bitcoin doesn't suffer from hyperinflation, but right after the bull market, it can lose tons of its value, 60%+ easily within a year. And that is similar to very serious cases of hyperinflation. While it's likely to bounce back later, that can take years, and people living under hyperinflation might need to access their funds way earlier.

[arimamib]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

Hyperinflation can causes many problems or in fact it itself bringing the whole problems. The only way to servive in hyperinflation is to increase your income. There are many ways to deal with it but adoption one is the individual own choise. I preferred two things one is bitcoin no doubt and the second is real state. The combination of these two is very effective for me. Bitcoin no doubt always increase it's value some time it come downs but when it goes up it give a high profits. The real state is a business that never end and work In every situation. Those persons who have money buying house and inflation is only for poor people.  House is the need of every persons and rich person always changing their houses for betterment so if you do a real state business then in the hyper inflation your work will not be stopped if a single house is sell in the whole month it will be enough for you.

One option for people in countries with hyperinflation is that they protect their wealth value, like buying gold, land or Dollars, because the value of their currency rapidly declines that's making it difficult to save money in their currency without losing their purchasing power. Gold, land or a stable currency can help to protect the value of savings, because when a country's currency is losing value, people's savings can quickly become worthless. That's one way to provide a sense of security for financial living. that way is also sense of investment, because hyperinflation wouldn't last long.

People in countries with hyperinflation need a stability for their financial cash flow, that's how they feel secure for their living. Buying bitcoin is not the best option, because we know that bitcoin price not stable at the first place.

[Fiatless]

Of course, before that happens, we have to prepare ourselves to protect our money so that it is not eroded by inflation. we switch to buying assets that tend to be more stable, which are better known, namely gold, of course hyperinflation where conditions are much worse than inflation, Before that happens, we should get used to living frugally according to our capacity and try to create new additional income. This method means we don't have to rely on just one income.

If you want a safer and less risky area to keep your money during inflation, gold, property and government bonds would be ideal. These investments have lesser risk but have lower profit. But if you want to make some profit and also hedge your funds against inflation, investing in Bitcoin will be ideal. However, the risk of investing in Bitcoin is greater than established investment platforms like gold and real estate.

Apart from a steady DCA investment strategy which would require much discipline during this time, one good way to survive hyperinflation is to stock up on household groceries, toiletries and and other comfort that would make the saving or investment process easy to bear. Also is to limit gambling and indulgence in habits that consume much like smoking, drinking, daily.
Further more, buying resellable items cheaper from willing to sell individuals would also be one save up or survive hyperinflation successfully.

The option of socking house with food is a good one but it will depend on how long the inflation will last. Sometimes the price of basic products keep increasing consistently for several months or years so these household item might not sustain the house before the end of the inflation. The best option will be consistently buying goods in bulk from wholesalers instead of patronizing retailers who sell higher. Another option could also be growing your food if you have farmland.

[slapper]

In times of hyperinflation, adopting cryptocurrencies makes sense. Why? They have no central authority and don't use traditional economic systems. This isolation from government-controlled prevents inflationary swings. Some buyers treat Bitcoin and Ethereum like gold. Because they are limited, they are a good alternative to fiat money, which can be issued forever. This makes them appealing during inflation. Unfortunately, the crypto market can shift swiftly. Overall, variety is crucial. Holding other assets can reduce crypto investing risk.

Talk about stocks and real estate. Traditional inflation protection with a twist. In hyperinflation, purchase stocks in companies that can charge high prices and operate globally. These companies can profit from inflation by changing prices. Real estate can retain value as prices rise with inflation, especially in good locations. The plan? Real estate, stocks, and coins belong together. This combination shields your wealth from hyperinflation. Don't forget to adapt your investing plan quickly.

[Franctoshi]

Creating multiple sources of is the key answer to this harsh economy of today because we can't just depend on only one source of income to be able to survive this present harsh economic situation of ours, if you check the food prices, price of goods and services are on the steady increase while our salaries and incomes remain the same, so to navigate this, it highly encouraged that we create other streams of income to help caution the effect.

[Hispo]

I have lived in Venezuela for much of my life, so I know what it takes to survive inflation and I know how devastating it can be against the personal finances of anyone who does not have afortune.
People here in this country, went with crypto-currency, gold and even tried to produce their own food so they could offer them in exchange of money to their neighbors and friends.
Sure, our hyperinflation was a very situational and it was specifically caused because of the neglect of the government to the economy through the application of reforms which did not make sense in a very corrupt and closed society.

If I had any advice to someone looking to save their money from short term inflation, I would tell them to go for decentralized solutions, Bitcoin if they can afford to deal with volatility or some stablecoins  if they cannot afford to hold because some losses in the market.

[jrrsparkles]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

If a currency is flagged as facing hyper inflation then which itself a situation which most of the people who have that currency lost their value and now they can't do anything to safeguard. So they need to do things before anything happens which means never hold fiat money more than you need for the next 6 months or 1 year. And invest the money in whatever things you can which may vary to everyone's risk appetite and crypto is effective but the volatile nature may stop from a commoner to invest on it.

[flyingcarpet]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

One thing we can do is look for ways to increase our income and implement the options we find. Another method is to buy goods that maintain their value and wait. Many methods other than staying in cash are among the steps taken to protect you against inflation.

If the value of your money is decreasing day by day, investing can be applied to protect your money. Finding the right investment instrument is an important issue here. Many of the people here prefer Bitcoin as the best investment tool. My preference is also in this direction. Bitcoin is an investment tool that maintains its value in the long term and always makes a profit for its investors.

[ChiBitCTy]

The only correct answer is to be well diversified.  I would never only invest in just one sector, or one thing.  Sure you could get lucky and hit it big, but you're also leaving yourself exposed to large losses due to the lack of diversification.  It also all depends on your time-horizon.  When will you need to access these funds for example is a question to ask.  There are investments such as TIPS that were created to specifically combat inflation, but again it's just a piece of the whole investment pie, or should be anyhow.

[Captain Corporate]

To be fair, this depends on the amount of capital you have. When we were in hyperinflation during the pandemic period, I just kept on buying more bitcoin, and the price of bitcoin peaked at 68k as we all know. Obviously I didn't sell at the top, but it did alright. Plus, I had some business on the side during that period, didn't really profited all that much, like I didn't get rich, but it did ended up in profit even though it had many bad luck striking it, not a huge one, but at least I made more money then what ı invested into it, probably would have been better if I just kept it in bitcoin though, so not sure if that was a smart decision. However, plenty of people started business, and that means, you spend very little, and because everyone has money freshly printed for them, people do spend money, and you get to make a profit easier during hyperinflation period, because your customers are "richer".

[iv4n]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

And how do you plan to invest if cash is not the king? Do you have some gold/diamonds/something else valuable stashed around?

As some other members pointed out we are not in hyperinflation at the moment, it's just inflation... Everything costs a lot more than before, the prices have risen too much. But it's far from hyperinflation, hyperinflations are crazy, I remember some things from my younger days:

The inflation rate in January 1994, converted to annual levels, reached 116,545,906,563,330 percent (116.546 trillion percent, or 1.16 × 1014 percent)

Money was losing value every day... one day you could buy breakfast, the next day with the same amount you couldn't buy even a bubble gum. And how do you think we can safeguard from that? Just with some additional income... you either find some additional sources of income, or you get stuck a lot.

[mirakal]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

Find a new alternative and resort into bitcoin, not just to invest on it but to use it against hyperinflation. Although gold is a good alternative as well, but I prefer most with bitcoin. And when you already accumulate maximum amount and make massive profits, then the next step is to diversify your investment. You can invest in stocks or real estate, as well as gold itself.

However, what we are currently experiencing is still inflation, not the hyperinflation. But its better to prepare ourselves earlier so that when hyperinflation strikes, at least we have built our weapons not to be totally affected with hypeinflation.

[Husires]

Countries with hyperinflation have limited investments and limited access to money, as investing in stocks and Forex is considered a luxury. On the contrary, there may be restrictions on transferring to the US dollar or restrictions on withdrawal into the local currency.
Investment options are either in lending, real estate, gold, or commercial activities, which are not negatively affected by inflation because they maintain their value, which is usually the choice of many, and gold and real estate are the preferred choice for the majority.

Bitcoin is a new addition to the economy and may be the preferred savings method for millennials in the next few years.
I will choose to buy Bitcoin and invest in trade related to luxury, as hyperinflation means that there is a limited class that has become rich and does not know what to do with the money.

[kojektea]

Not everyone can rely on investments such as gold, shares or crypto. If we really are people who can't afford to go there, it's not good to be forced. I will suggest the lowest method, this is a method that can be done if you really have no income. is to make more friends, by learning to make them your friends so that you will feel a little lighter than having to think about investing first. this is a way of survival.

[vanesha]

learn to be more frugal. There is no need to really make investment the main solution to the inflation problem. Another problem is that investing requires capital. what about people who work just for their daily living? can they really make this a solution? I think we would be better off telling the lower classes to save enough and utilize existing natural resources to survive.

[diminizio]

Simple, make expenses as simple as possible, whatever prestige is in the eye of the person you want to buy, get rid of it first. Just how can we survive with the money we have. If we are able to save in gold, or learn to invest to get passive income and not just rely on our main income for expenses.

[Uruhara]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

I think hyper inflation conditions would really be very scary. The country's currency will usually be very worthless there. such as the case that occurred in Zimbabwe. We even have to take a basket of money to the market just to buy a basket of vegetables. The way we survive in this situation can only be done by avoiding storing our assets in fiat. We must protect the value of our assets by buying gold or spending on property. Or if we are breeders and farmers then buying land and livestock could be a wise step.

But if we talk about investment, Bitcoin can still be a good choice. For example, the case of high inflation in Turkey naturally encourages its citizens to look for areas of investment that they can enter even with small funds. and finally the adoption of bitcoin investment in Türkiye is growing rapidly. Because I might still invest in bitcoin if the situation in my country experiences high inflation. But there is a difference between hyper inflation and high inflation. Currently, high inflation alone makes it difficult for many people. So when hyper inflation comes. I don't want to imagine it.

[jasonjm]

To counter hyperinflation, it is important to invest your money into something and use cash for your day-to-day activities. When we talk about hedging against inflation, Gold is the first thing that comes to our mind. Gold is a store of value, but it will not give you a good profit on your investment.
Invest in Bitcoin and Stocks, and buy some mobile assets. Earn profit and store the amount in Gold or silver. Do not store your profit in banks or cash. 
Bitcoin, Stocks, Property, and liquid assets should be your go-to options in inflation.

[Poker Player]

But there is a difference between hyper inflation and high inflation. Currently, high inflation alone makes it difficult for many people. So when hyper inflation comes. I don't want to imagine it.

The problem with hyperinflation is that it makes everyone poorer very quickly, and even if you are one of the lucky ones who has been able to transfer your wealth to financial assets other than fiat currency crap, you are going to find yourself in an environment where people are starving, so you better not expose too much of your wealth as you may be a clear target for thieves and other criminals. Besides, even if you manage to live well by having wealth in other financial assets, living through the drama of a hyperinflationary environment is not pleasant for anyone.

[Blitzboy]

When there is hyperinflation, money is worthless because it hits so quickly and hard. What are you going to do? This is a great place for crypto, especially Bitcoin. Why? People worship bitcoin as gold - hard to get and not held hostage by the government. What about stocks? They change a lot during hyperinflation. Things for the home? They do have value, but you cant cash them in.

To be clear, Bitcoin is not everything. Its value can be all over the place, yet its decentralized, borderless.  Just think about it: the government cant control and print more Bitcoin. And there is a limit: only 21 million will ever be made. Thats a very rare thing.

Here's a tip: try different things. Do not put all your eggs in one basket. A mix of Bitcoin, stocks (think global), and things you need at home. Its like putting up a cash fortress one brick at a time. Remember that normal rules dont apply during hyperinflation.

[pinggoki]

You're thinking of surviving hyperinflation the wrong way, investing in crypto should be at the least 3rd in priority or 4th in priority, your first priority should be looking for a steady job that can pay you a steady paycheck and then in your second priority, you should be finding ways to make your meals much cheaper or even trying to build a small vegetable garden to hopefully alleviate your food expenses, in fact this could be a first priority because it can help you a lot in any kind of situation, can make you independent from markets if you make a sustainable garden. There's already a lot of YouTubers that can help you with making your own sustainable gardens.

[slashz9]

Yes, of course when cash is decreasing, people will invest to maintain or even increase the amount of their money, there are many types of investment so it depends on each individual's wishes.
I prefer to put my money in crypto because I already know its movements.
because I've been in the market for quite a long time.

[Xampeuu]

When hyper inflation occurs, of course what we do is secure our assets so that their value does not decrease, of course from the many investments we can choose, including cryptocurrency, but we also have to know the characteristics of cryptocurrency, because many of them fail and do not meet initial expectations. On the other hand, land is also a good investment with minimal risk, and of course the increase can exceed inflation

[DrBeer]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

If you live in a country where hyperinflation is a "natural process" or such processes occur periodically, you have no choice but to diversify your income and savings.
1. look for a job that pays not in local currency but in other stable assets - dollar, euro, USDT, ....
2. Turn the income received in local currency or other unstable assets into stable ones - from buying stable currency to converting it into alternative assets - stablecoins, or top crypto assets. Only in relation to the latter there will be a remark - it is necessary to keep an eye on them, and make a logical decision on both buying and selling - after all, this is a purely speculative market.
If you got a lot of money, but unstable or those that will potentially soon suffer from hyperinflation - buy land, real estate.

[super bako]

When hyper inflation occurs, of course what we do is secure our assets so that their value does not decrease, of course from the many investments we can choose, including cryptocurrency, but we also have to know the characteristics of cryptocurrency, because many of them fail and do not meet initial expectations. On the other hand, land is also a good investment with minimal risk, and of course the increase can exceed inflation

I agree more with the land business, because I have some land that is not large but close to the road. Now many people are offering to buy with fantastic amounts, the price keeps going up. In terms of measuring and observing inflation to be efficient and manageable, crypto is also good for anticipating inflation but in the short term for me

[meser#]

For instance in my country Turkiye we are facing higher inflation or you can call it hyperinflation. Last years almost everything price double maybe triple on sth. Mostly, our people looked something more valuable to store than our local currencies mostly gold, USD, EUR etc. In this way they were resisting effect of inflation. But clever ones looked for new income especially with foreigner currencies (Cryptos, dropshipping, freelance talents etc). So they could not only resist also they can improve their life style. Its all about to mindset. If you think you deserve more you will find new ways...

[davis196]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

Invest in everything(crypto, gold, stocks, real estate, etc.) and just try to get rid of your shitty national currency as fast as possible.
Don't store money in your national currency in a local bank account. Try to convert them to USD, euro or any other stable currency.
In times of hyperinflation, the banks in your country will offer ridiculously high interest rates, in order to preserve the purchasing power of the money, but the hyperinflation will eventually eat that purchasing power, despite the high interest rates.

[itorai]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

If possible, I will invest some money in silver and gold, because the price of silver and gold will be stable.
can also be invested in farmers.

[Spaceman1000$]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

In surviving hyperinflation, there are lots of economical opportunities that are always present in every situation, you can make do with investing in cryptocurrency especially Bitcoin, you can as well diversified your investment into other portfolios by either going into real estate investment, transport system, or even importing goods that are not in your local domain for wholesale. hence you begin to make profit from any of the business you've made investment with, then you can gradually start to beat inflation over time.

[Xal0lex]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

If possible, I will invest some money in silver and gold, because the price of silver and gold will be stable.
can also be invested in farmers.

The price of gold and silver is not stable either and has its own volatility. Yes, the volatility of gold and silver is less than that of bitcoin, but it is still there. Therefore, investing in gold and silver should also be smart.

[barisbilgili]

When hyper inflation occurs, of course what we do is secure our assets so that their value does not decrease, of course from the many investments we can choose, including cryptocurrency, but we also have to know the characteristics of cryptocurrency, because many of them fail and do not meet initial expectations. On the other hand, land is also a good investment with minimal risk, and of course the increase can exceed inflation

It is important for us to be able to secure the assets we have when hyperinflation occurs. There are many things we can do before hyperinflation occurs. If we choose to invest in crypto, perhaps this will be an option for now because it can maintain the value of the assets we already own. and we must have a good understanding of the crypto we are going to invest in so that we don't have to worry about making decisions when investing in crypto.

[panganib999]

No realistic way for you to get by during times of hyperinflation but to either convert or save your money into a different currency to save its value from depreciation, or to move to another country where the inflation rate's not cutthroat. That's what most Americans have been doing in the past few years, most of them taking out massive loans after they graduate from college (which apparently they could) and then move to another country to find a wife there and gain citizenship. They get the benefit of being able to use their money and practically being regarded as a millionaire, especially if they chose to be in a third-world country like the Philippines, and of course, they enjoy benefits of not having to shoulder too much inflation.

[Fortify]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

Few countries ever seem to experience real hyper inflation, which would be the far extreme of the inflation spectrum. It should be saved for referring to situations like Zimbabwe, where it literally got to the point where you needed a wheelbarrow full of trillion dollar notes to buy small amounts of household shopping. If you have inflation in the double digits, or even triple digits, that could be considered high but it's still fairly controlled and possible with some wise government action to get back under control. Cash is not the king that it used to be, in certain transactions it can be desirable but take cars for example - most dealers would rather hook you into a finance plan rather than have you contribute any sort of cash instead of discounting a down payment on a new car.

[terrific]

The price of gold and silver is not stable either and has its own volatility. Yes, the volatility of gold and silver is less than that of bitcoin, but it is still there. Therefore, investing in gold and silver should also be smart.

They are still good choices for storing your wealth and that's why the rich have always been into gold and silver and even the reserves for the US.
But if you don't like that little volatility that they have and you want something to get from that long time of surviving, Bitcoin is still the best hedge for inflation and hyper inflation, there is no doubt with that because we have all experienced the up and down move of it.

[AmoreJaz]

The price of gold and silver is not stable either and has its own volatility. Yes, the volatility of gold and silver is less than that of bitcoin, but it is still there. Therefore, investing in gold and silver should also be smart.

They are still good choices for storing your wealth and that's why the rich have always been into gold and silver and even the reserves for the US.
But if you don't like that little volatility that they have and you want something to get from that long time of surviving, Bitcoin is still the best hedge for inflation and hyper inflation, there is no doubt with that because we have all experienced the up and down move of it.

we can't be very sure about the lifespan of bitcoin, so for long-term investments, you still need to keep an eye on this market. to diversity your assets, still best to have physical assets like gold or real-estate. mutual funds or ETFs can also be very good investment fund that you can look at also to combat the hyperinflation.

[terrific]

The price of gold and silver is not stable either and has its own volatility. Yes, the volatility of gold and silver is less than that of bitcoin, but it is still there. Therefore, investing in gold and silver should also be smart.

They are still good choices for storing your wealth and that's why the rich have always been into gold and silver and even the reserves for the US.
But if you don't like that little volatility that they have and you want something to get from that long time of surviving, Bitcoin is still the best hedge for inflation and hyper inflation, there is no doubt with that because we have all experienced the up and down move of it.

we can't be very sure about the lifespan of bitcoin, so for long-term investments, you still need to keep an eye on this market. to diversity your assets, still best to have physical assets like gold or real-estate. mutual funds or ETFs can also be very good investment fund that you can look at also to combat the hyperinflation.

While that's true but if you're a true believer of this market, you know that it's here to stay and you won't worry like that. Yes, it's speculative but for a decade and a few years of its stay.
You've seen how it's going and there's a little reason why we think that it's not going to have a good life span just as what you're saying. But anyway, if you've got some other ways of combatting the hyperinflation, those that you've mentioned are also nice assets.

[gunhell16]

When hyper inflation occurs, of course what we do is secure our assets so that their value does not decrease, of course from the many investments we can choose, including cryptocurrency, but we also have to know the characteristics of cryptocurrency, because many of them fail and do not meet initial expectations. On the other hand, land is also a good investment with minimal risk, and of course the increase can exceed inflation

I agree more with the land business, because I have some land that is not large but close to the road. Now many people are offering to buy with fantastic amounts, the price keeps going up. In terms of measuring and observing inflation to be efficient and manageable, crypto is also good for anticipating inflation but in the short term for me

If your real estate is near or just next to the road or people's passage, I think that is your advantage if you are building a business, because the status of your land may even be a commercial lot. It seems that the time will come when the area can be developed.

Now, if you sell it, it is for sure that you will be able to sell it for a good price that will also help you for your personal use or for your family as well. Of course, that depends on the extent of real estate you have.

[blue Snow]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

As we know, gold is the right investment to survive hyperinflation, that instrument has been tested since a thousand years ago. We can't avoid that fact even still has controversy from all people. Now, if we talk about survival, Does our life have to be stable like that continuously? Of course not, If we are continuously stable, we will be the ones who lose our lives if doesn't develop following time. Beside survive, we must growing up our wealth also, there are other instruments except gold which makes you not only survive, but rising up your live multiple time, that called bitcoin and crypto.

[wajik-tempe]

For instance in my country Turkiye we are facing higher inflation or you can call it hyperinflation. Last years almost everything price double maybe triple on sth. Mostly, our people looked something more valuable to store than our local currencies mostly gold, USD, EUR etc. In this way they were resisting effect of inflation. But clever ones looked for new income especially with foreigner currencies (Cryptos, dropshipping, freelance talents etc). So they could not only resist also they can improve their life style. Its all about to mindset. If you think you deserve more you will find new ways...

It's clear that negotiating hyperinflation demands a smart approach, and your observations from Turkey give light on creative ways people are protecting their financial well-being.  Diversifying into assets such as gold, USD, and EUR is a wise decision that acts as a hedge against currency depreciation.  The wise choice to investigate alternate revenue sources such as cryptocurrency, dropshipping, and freelance work in other currencies demonstrates a forward-thinking attitude.

[slashz9]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

those who have money can do this, but for some people it is not possible.
because I currently only have a little money, I don't invest but only hold cash because that's more needed at the moment, but if I already have it, I'm happy to invest in bitcoin and altcoins which I think can provide profits.
and my current thinking is not to buy assets that produce passive income because the price is very expensive.

[Sebas.tian]

I do invest in Bitcoin and will not invest in crypto aka altcoins because it's full of scam or pump and dump, not reliable for long term prospect.

Household price is ridiculously high right now, I don't think the new generations are afford to buy household.

Stock is good when the economy in your country is good, we're currently in recovering phase, so stock can be a choice for another portfolio.

There is no way you will invest in Bitcoin and you will not get it right when the market price increase higher , and it will help you to achieve a lot of incomes that will sustain you through out the inflation. I don't think, household investment will help you to achieve your goal in the future, because there are many potential coins in the market you can save that money by purchasing the coins when the price is low in the market and hold for the price to increase higher before you can sell to make a passive income. If you have much money to invest in decentralized currency, you can add altcoins to your Bitcoin investment, because you can need urgent money at the moment in this massive inflation, and you can sell altcoins to solve the issues and leave your Bitcoin in your wallet until the price hit higher before you can sell.

[Y3shot]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

Firstly is to be very very conscious how money is been spent, money should not be spent  on things that are not relevant,  things that are not necessarily needed. When one can be able to do this things it will be easy to go into investment,  which I will always choose Bitcoin as an investment  because I'm very sure it can give me what I Really want by hodling it. It is an investment I can handle its risk and not being panic by the volatility of the market.  Another strategy of safeguarding financial well-being is to create more source of income because in this time one cannot really depend on a particular type of income.

[naira]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

This question will be easily answered by people from Turkey, Zimbabwe, Argentina, Lebanon and Sri Lanka because they experienced this situation. Meanwhile, for me personally, I will only speculate or take action if hyperinflation occurs in the country. First, even in hyperinflation conditions, emergency funds are still needed because they are used to pay for basic needs. Second, look for investment alternatives that can be completely controlled without having to involve a third party, in this case Bitcoin. The reason is because in the field of Bitcoin investment I can control ownership individually without needing to involve other parties if I want to look for it. Then, during hyperinflation, people generally migrate to store their value in untouchable assets. Third, apart from the crisis, on the other hand, we can use hyperinflation to target property investment because prices will experience a drastic decline. Sectors that have long-term physical resilience, for example urban land.

[The Sceptical Chymist]

For instance in my country Turkiye we are facing higher inflation or you can call it hyperinflation. Last years almost everything price double maybe triple on sth.

High inflation isn't necessarily hyperinflation, though I don't know where the cutoff is; anytime I think of the latter it's usually in the context of the Weimar Germany era, when prices would shoot up by thousands of percent points daily (if I'm not mistaken).  If you're saying that prices doubled or tripled in the course of a year in Turkey, I'd probably consider that extremely high inflation....but no matter how you categorize it, it sucks beyond belief.

The situation isn't great anywhere these days from what I can tell, and the worst part is that our elected leaders don't seem to have a solid plan as to how to extricate any of us from the mess that they've created.  If the question at hand is how to survive a hyperinflation scenario, my only thought would be to put your money into a currency that isn't inflating as rapidly.  That's what Venezuelans did when they were hit with hyperinflation not too long ago.  The only other thing is to buy as much stuff as you can as quickly as you can--and neither option is ideal.

[MarjorieZimmermanGinger]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Maintaining a more stable income stream, reducing unnecessary spending and trying to live frugally are common steps in dealing with hyperinflation. The level of difficulty may be great but the consequences will be much more severe when one is unable to navigate properly.

Would you invest on crypto, stocks or household when the cash is not the king?

It depends on the financial level we have and previously people saw gold as a way to protect their unproductive money, now it depends on how someone understands Bitcoin in particular. Because hyperinflation causes the price of goods to rise uncontrollably and the value of the currency to fall drastically, we must have a way to protect it and bitcoin is another alternative to gold which has been discussed by people before us.

The decisions we will take will definitely be based on the level of knowledge regarding bitcoin and if we talk about bitcoin issues it may only be limited to those involved in it. It's not certain that people who are not familiar with bitcoin will choose the same decision as we did. Based on what is meant by a decision, it means that people understand Bitcoin and its journey process, so that after making a decision they what to do correctly.

[LogitechMouse]

~
Would you invest on crypto, stocks or household when the cash is not the king?

Hell yeah!!! I will invest it on crypto, or whatever asset that I have access with. Real Estate, cryptocurrency, stock market, bonds, Index funds or whatever asset it is. Investing on an asset when you're country is suffering a hyperinflation is I think the best solution.

Yes there's a risk in investing into different asset, but that's way better than just holding straight up cash knowing that the buying power of that is going down at a rapid pace. On the other hand though, it's very easy for me to say these kind of things because I didn't ever experience hyperinflation yet, but I'm afraid for those people in those countries that are experiencing hyperinflation now that are just earning enough for their family and no extra money to spare to buy assets. Kind of unfortunate TBH.

You have 2 options though. Go to another country where there's no hyperinflation, but this is really hard, or work but don't get paid by your native currency and accept other currencies.

[Uruhara]

But there is a difference between hyper inflation and high inflation. Currently, high inflation alone makes it difficult for many people. So when hyper inflation comes. I don't want to imagine it.

The problem with hyperinflation is that it makes everyone poorer very quickly, and even if you are one of the lucky ones who has been able to transfer your wealth to financial assets other than fiat currency crap, you are going to find yourself in an environment where people are starving, so you better not expose too much of your wealth as you may be a clear target for thieves and other criminals. Besides, even if you manage to live well by having wealth in other financial assets, living through the drama of a hyperinflationary environment is not pleasant for anyone.

That's the scary thing about hyper inflation. Due to the drastic decline in the value of the currency and accompanied by a spike in the prices of all necessities which continue to increase rapidly. And those most affected are those who save their money in banks. They will realize that their money has become worthless. All their efforts in collecting money will feel like wasted time. because hyper inflation is happening so fast. That's why I don't want to imagine it. Because the situation would be really chaotic. It's not just people who will start to starve because they won't be able to afford food because food has become so expensive. But what is most frightening is that the crime rate in countries experiencing hyper inflation usually increases rapidly.

Even though I didn't experience it. But my parents always tell me about their experiences when they were children when the situation in our country experienced hyper inflation. Maybe it was around 1963-1966. Well, that's when our country experienced hyper inflation. Even at that time my parents were probably still small. Because he said that he even had to share a plate of rice with his 5 siblings. Even at that time the currency in our country had to be redominated from Rp. 1000 to Rp. 1.

[summonerrk]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

Now is a very difficult time for the whole world, except for highdeveloped countries like Japan, but I know that prices there are not cheap, even if huge incomes.

I am sure that not all users of the forum were able to accumulate enough cryptocurrencies after the bullrun and postpone it in the form of fiat or stablecoins.
Therefore, many forum members have a full-time main job. Unfortunately, there is not enough income from such work now. And those who can postpone at least a little are trying to multiply the deferred money through cryptocurrencies. Now it is much more difficult to save money than before because of high prices. We have to save money.

[super bako]

When hyper inflation occurs, of course what we do is secure our assets so that their value does not decrease, of course from the many investments we can choose, including cryptocurrency, but we also have to know the characteristics of cryptocurrency, because many of them fail and do not meet initial expectations. On the other hand, land is also a good investment with minimal risk, and of course the increase can exceed inflation

I agree more with the land business, because I have some land that is not large but close to the road. Now many people are offering to buy with fantastic amounts, the price keeps going up. In terms of measuring and observing inflation to be efficient and manageable, crypto is also good for anticipating inflation but in the short term for me

If your real estate is near or just next to the road or people's passage, I think that is your advantage if you are building a business, because the status of your land may even be a commercial lot. It seems that the time will come when the area can be developed.

Now, if you sell it, it is for sure that you will be able to sell it for a good price that will also help you for your personal use or for your family as well. Of course, that depends on the extent of real estate you have.

I don't think I will sell it because of the potential for being close to the road and easy access anywhere. What I'm thinking about is just wanting to develop a shop on that land, if for example in the next bull season I can get big profits from my favorite coin investment and the airdrop can be done. if big inflation comes it might be an obstacle to my development, sometimes inflation creates various news that makes the market red

[inthelongrun]

The safest way to survive hyperinflation, especially during these times when a lot of countries' economies are down and unpredictable is to invest in traditional assets like gold and other minerals and real estate. Bitcoin is not old but since it is not controlled by governments and financial institutions, I am confident about it. If we still need to diversify more of our investments, putting some funds into stocks, bonds, and even some foreign currencies could work well in the long run. I read some techniques of these rich families and this is what they are doing.

[Finestream]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

I prefer to chose bitcoin investment. And when it profits, I plan to add on buying properties. I have seen in my country that despite of inflation, people still chose to continue to rent regardless of the highly monthly rentals, so my plan is to buy ready made apartments so that I can easily generate good profits from it.

If inflation becomes uncontrollable in the next months, most likely we will end up with hyperinflation. And investing through bitcoin and various assets are the best possible ways that we could beat hyperinflation, if not controlled it.

[el kaka22]

The greatest method I have come to find would be just letting your income grow with it, and purchase stuff beforehand. It was a stupid move maybe, but me and my wife purchased A TON of stuff at the start of hyperinflaiton in our country, and right now, even though we still have a lot of debt to pay, that debt is lesser percentage of our income, compared to the start of it.

We still have no money at all, and a ton of debt, but at least it looks like we are capable of  living better nowadays, specially in this last two months it has gone staggeringly better thanks to my boss as well. So I am guessing, by start of 2024, it will be insanely much better too, with her getting a bigger increase in her income. So all in all, I have to say that increasing income, and making a debt to grow, is a smart move that helps you on the long run. I personally know that it is not that easy to handle it, but you have to learn to do it somehow in order to grow during hyperinflation.

[Natalim]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

Stocks or households....You mean real state?

Well, I think stocks and real state are interrelated as both could be affected since it's the countries economic struggle are the reason for hyper inflation. So I guess the safest investment here is to put our money to crypto, but we have to be specific since crypto is a big market, and by saying specific, it should be on bitcoin only.

cash no king, bitcoin is.

[Myleschetty]

It is hard to survive hyperinflation but with the help of a professional investment adviser with the addition of investment diversification in cryptocurrency, gold, and silver with the provision of skill and service to earn additional income in foreign currency like USD.
I believe this is a good way to survive any hyperinflation.

[AnonBitCoiner]

The price of gold and silver is not stable either and has its own volatility. Yes, the volatility of gold and silver is less than that of bitcoin, but it is still there. Therefore, investing in gold and silver should also be smart.

Agree with your point as gold rate is not so volatile therefore we can easily get profit from it if we keep our gold for some years. Those who have make investment in gold five or six years ago will have larger profit if they sell their gold now. But if talk about security then I think bitcoin is more secure than gold because gold is physical asset and everyone can access it easily but to access bitcoin only owner is permissible or that person which know about the secret information about bitcoin.

Both are beneficial but it depends on desires that at which asset a person feel satisfied but it can be possible that existence of gold will remains always but existence of bitcoin is in doubt. The price of gold is increasing with the same speed as that of bitcoin therefore according to age and importance both can be good candidates in our financial system.

[Peanutswar]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

I do both making an investment in crypto and staking a fiat currency in the banks not all the time you need to put an investment better to set a side secured funds for emergencies like this current things happen the inflation is too high the market price goes up and of course, you need to have at least a budget for it, I deal with at least 3 months or more to cater my needs with my emergency funds and if still enough and have some extra I do an investment because its not good if you focus in one field of keep spending only with the help of investment you can now have a chance to increase your profit through it with proper management of course, different investment with good cashflow brings you more than enough to this hyperinflation.

[mv1986]

This is a question that depends extremely on individual circumstances. There is no rule of thumb to that. I guess one quasi rule of thumb could be the higher the amount of spare cash you have, the more it makes sense to shift your cash wealth into assets that you either know very well and believe in, or have a track record that you can comprehend. I am not saying that history is a great indicator of future performance, but there are some assets or also foreign currencies that historically do better than others during inflation. But if you don't have spare cash at all, then the "survive" in OP's title probably makes literally sense because that is the first thing you have to do, use your cash to pay for any necessities and unavoidable bills.

[meser#]

For instance in my country Turkiye we are facing higher inflation or you can call it hyperinflation. Last years almost everything price double maybe triple on sth.

High inflation isn't necessarily hyperinflation, though I don't know where the cutoff is; anytime I think of the latter it's usually in the context of the Weimar Germany era, when prices would shoot up by thousands of percent points daily (if I'm not mistaken).  If you're saying that prices doubled or tripled in the course of a year in Turkey, I'd probably consider that extremely high inflation....but no matter how you categorize it, it sucks beyond belief.

The situation isn't great anywhere these days from what I can tell, and the worst part is that our elected leaders don't seem to have a solid plan as to how to extricate any of us from the mess that they've created.  If the question at hand is how to survive a hyperinflation scenario, my only thought would be to put your money into a currency that isn't inflating as rapidly.  That's what Venezuelans did when they were hit with hyperinflation not too long ago.  The only other thing is to buy as much stuff as you can as quickly as you can--and neither option is ideal.

Yes youre right we can't say officially hyperinflation but for the locals its look like hyperinflation. You know before the Covid-19 1 usd was around 6-7 Turkish Lira but now its almost 30 Turkish Lira. And main problem in here was our government chosed different economic plan and after election they give up on their plan. So why they insisted for 3 years and people suffered for 3 years who don't have enough income source and still they suffered economic way. Because they lost their buying power. Therefore I'm saying that we can call it as a hyperinflation.

I have a good saying for this situation: More expensive than yesterday, cheaper than tomorrow!

[Fivestar4everMVP]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

Well, ive been investing in crypto ever since I discovered it in 2016, and I have been at peace with my self and my financial life, though without minor challenges here and there which is completely normal for every living human.

Inflation is always as a result of governments poor decision that turn around to devalue fiat money, causing it to lose purchasing power, which in turn throw many people into poverty, most especially those that are earning a fixed amount of money on monthly basis, when fiat loses value, things becomes more expensive, and for the fixed salary earner, he or she will wake up one day to discover that his or her salary can no longer buy him or her as much as it used to, and if such a person does not find other means of earning, he or she will gradually slip into the poverty zone.

I myself was working and earning a fixed monthly salary, and I realized the above, and it's fear pushed me into searching for other ways I can make money, and then I discovered crypto, and since I started buying and selling crypto, and also investing and holding for long term, my financial life have completely changed, hyperinflation in my country doesnt affect me that much anymore because i make my money in a different currency.

[Hypnosis00]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

The best thing to do is to spread your investment to different investment platforms stocks, crypto, and any opportunities that could give us a return. In this current situation where inflation continues rising, it was really hard to just rely on a single form of investment. Aside from that, we should be smart in spending our money because even if we have multiple sources of income, if our finances are not managed well, still get empty.
It is best to invest more in stocks than crypto or bitcoin IMO.

[Silberman]

This is a question that depends extremely on individual circumstances. There is no rule of thumb to that. I guess one quasi rule of thumb could be the higher the amount of spare cash you have, the more it makes sense to shift your cash wealth into assets that you either know very well and believe in, or have a track record that you can comprehend. I am not saying that history is a great indicator of future performance, but there are some assets or also foreign currencies that historically do better than others during inflation. But if you don't have spare cash at all, then the "survive" in OP's title probably makes literally sense because that is the first thing you have to do, use your cash to pay for any necessities and unavoidable bills.

Another good strategy at the time is to get rid of your debts as soon as you can, and this is because in almost all contracts banks have a clause that basically says that when hyperinflation strikes they can rise the interest rates in the same proportion, so a small debt can spiral out of control in a matter of months if you do not pay it in time, so in that case it makes sense to put all your effort into paying those debts and only then you can think about trying to protect whatever you may have left at the time.

[livingfree]

The best thing to do is to spread your investment to different investment platforms stocks, crypto, and any opportunities that could give us a return. In this current situation where inflation continues rising, it was really hard to just rely on a single form of investment. Aside from that, we should be smart in spending our money because even if we have multiple sources of income, if our finances are not managed well, still get empty.
It is best to invest more in stocks than crypto or bitcoin IMO.

Spreading or diversifying our assets and portfolios is a good idea. But just to give some idea that it's not always diversification is a good thing. If you diversify a lot, make sure that you're able to pick and breakdown to the best of the best investments that you have.

And that is because with this hyperinflation, you don't know if the other investments you have will be stronger than the best that you have.

I do agree with those that have been mentioned but stocks are also volatile and many of them can be outperformed by crypto and to be specific by Bitcoin.

[Sanitough]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

Spend your fiat to invest in bitcoin. While the value of bitcoin appreciates, the value of fiat depreciates so you need to dispose it before it totally loses its value. But never spend it on unnecessary means, but use it to increase your net worth. And through investing bitcoin while incorporating DCA as well, the risk of losing may be lessen while you are increasing the amount of bitcoin in your portfolio.

Learn to diversify your investment as well. Bitcoin is good and profitable but its not enough to safeguard your financial well-being. Invest in other assets like gold, stocks and even landed properties, once their price appreciates, your net worth value will also increase and become highly secured.

[Balmain]

The best alternative to protect your unlimitedly produced fiat money against inflation is bitcoin. When you look at the graphs, we know very well how bitcoin has become stronger against fiat currencies for so many years, so I do not give up on it. Stocks might not be bad either, but they come in second place for me. If my capital is not very high, I would stay away from housing and land. It is quite risky to invest the little capital you have in a large investment. Of course, it is up to you to convert some of the money you earn into bitcoin periodically, I can easily say that it is a very correct strategy.

[mv1986]

This is a question that depends extremely on individual circumstances. There is no rule of thumb to that. I guess one quasi rule of thumb could be the higher the amount of spare cash you have, the more it makes sense to shift your cash wealth into assets that you either know very well and believe in, or have a track record that you can comprehend. I am not saying that history is a great indicator of future performance, but there are some assets or also foreign currencies that historically do better than others during inflation. But if you don't have spare cash at all, then the "survive" in OP's title probably makes literally sense because that is the first thing you have to do, use your cash to pay for any necessities and unavoidable bills.

Another good strategy at the time is to get rid of your debts as soon as you can, and this is because in almost all contracts banks have a clause that basically says that when hyperinflation strikes they can rise the interest rates in the same proportion, so a small debt can spiral out of control in a matter of months if you do not pay it in time, so in that case it makes sense to put all your effort into paying those debts and only then you can think about trying to protect whatever you may have left at the time.

Oh this is so true, it usually applies to most credit cards and also to long-term debt, for instance when people buy a house the interest rate is only set at a fixed rate for a period of 10 years or something. After that people have to prepare for a totally different interest rate economy. I have seen that a couple of times in my area and that hits really hard. Now people were able to buy houses at very low interest rates, below 1%. But when they have to refinance their mortgages now, they would be around 3.5% - 4%. When you owe 200k, this can make a different of 500 EUR per month in extra debt.

So yes a very good advice is to keep debt at the lowest level possible.

[G_Besar]

I don't think I will sell it because of the potential for being close to the road and easy access anywhere. What I'm thinking about is just wanting to develop a shop on that land, if for example in the next bull season I can get big profits from my favorite coin investment and the airdrop can be done. if big inflation comes it might be an obstacle to my development, sometimes inflation creates various news that makes the market red

Usually land that is close to the main road and has very easy access for everyone, the price will also be quite expensive when sold so not just anyone can afford it. Even if it was bought by an ordinary person, he must have a special purpose for it which he may have thought about for a long time, but if you still want to keep the land located on the side of the main road, it is also very good. Because nowadays it is not easy to find land that is close to the main road, especially if it can be used to open a particular shop because it has easy access to put goods in as long as you have enough capital for that.

[gunhell16]

Honestly speaking, in these times of crisis and we are here in the cryptocurrency business, if you know something about crypto trading, you can say if this is the best alternative to do. But you must know something about trading skills.

Because for sure you will get a profit here every day, I have tested it for 2 years if I am doing day trading in addition to the long-term trading that I am doing. It's not really easy to learn crypto trading in this industry; you just need to work hard.

[boty]

I don't think I will sell it because of the potential for being close to the road and easy access anywhere. What I'm thinking about is just wanting to develop a shop on that land, if for example in the next bull season I can get big profits from my favorite coin investment and the airdrop can be done. if big inflation comes it might be an obstacle to my development, sometimes inflation creates various news that makes the market red

Usually land that is close to the main road and has very easy access for everyone, the price will also be quite expensive when sold so not just anyone can afford it. Even if it was bought by an ordinary person, he must have a special purpose for it which he may have thought about for a long time, but if you still want to keep the land located on the side of the main road, it is also very good. Because nowadays it is not easy to find land that is close to the main road, especially if it can be used to open a particular shop because it has easy access to put goods in as long as you have enough capital for that.

A land that is strategic and also has easy access will of course have a higher price than the price of land in areas far from urban access, because land that is strategically located and close to the main road will certainly be very attractive for business people who want to build their business so that they can easily accessed by anyone and allows their business to develop well.

[Patrol69]

Economic crisis or economic recession is a possibility but we understand in advance. Since economic recession may occur, we need to plan ahead for this matter. When an economic crisis occurs, the internal situation of a country creates a very bad situation, which makes it very difficult for the common man to survive at that time. Being forewarned about this, we should look for multiple jobs and invest as much of our money as possible. If we invest our extra money now instead of saving it, maybe that investment will serve us well during the economic crisis. I am not asking you to save because if you save, you must do it in your bank and if there is an economic crisis, the bank is not safe. Since we have the means of investment, we should invest so that we get good financial support during economic crisis.

[naira]

Honestly speaking, in these times of crisis and we are here in the cryptocurrency business, if you know something about crypto trading, you can say if this is the best alternative to do. But you must know something about trading skills.

Because for sure you will get a profit here every day, I have tested it for 2 years if I am doing day trading in addition to the long-term trading that I am doing. It's not really easy to learn crypto trading in this industry; you just need to work hard.

If you feel that you don't have a long-term option for day trading, you can choose it by investing. Moreover, during hyperinflation, even if we achieve trading profits, it will not have a big impact on income. Because the value of fiat is in an inflated condition. Long-term investment is always the right choice and is able to maintain value.

You trade when you are not experiencing high inflation, so the impact remains the same and the results can be quite satisfying. It's a different story if you are looking for profits in the midst of inflation where the value continues to decline, the greater the risk of the value being maintained.

[lixer]

You have 2 options though. Go to another country where there's no hyperinflation, but this is really hard, or work but don't get paid by your native currency and accept other currencies.

Both of these options are not available for everyone. Leaving your country and going to another country is not possible for everyone, it's even challenging to shift from one city to another or from one house to another, leaving the country is a different ball game altogether. The biggest challenge in this can be the language barrier because you can't just learn everything and move there, you will face a lot of problems because of this, and even if that is dealt with, it can be challenging to find a job after relocation, unless you manage to land a job before moving there which isn't possible for everyone.

And, when it comes to working and getting paid in a different currency or asset, that's not a choice everyone has because only people who work with international clients might be able to achieve that. Still, most people would work with local clients and companies and only pay in the local currency.

[super bako]

I don't think I will sell it because of the potential for being close to the road and easy access anywhere. What I'm thinking about is just wanting to develop a shop on that land, if for example in the next bull season I can get big profits from my favorite coin investment and the airdrop can be done. if big inflation comes it might be an obstacle to my development, sometimes inflation creates various news that makes the market red

Usually land that is close to the main road and has very easy access for everyone, the price will also be quite expensive when sold so not just anyone can afford it. Even if it was bought by an ordinary person, he must have a special purpose for it which he may have thought about for a long time, but if you still want to keep the land located on the side of the main road, it is also very good. Because nowadays it is not easy to find land that is close to the main road, especially if it can be used to open a particular shop because it has easy access to put goods in as long as you have enough capital for that.

A land that is strategic and also has easy access will of course have a higher price than the price of land in areas far from urban access, because land that is strategically located and close to the main road will certainly be very attractive for business people who want to build their business so that they can easily accessed by anyone and allows their business to develop well.

Material like this is one way to build good finances in terms of environment or access. I often listen to the talk of successful people, which makes me defend the land. For me, whether investing in land with easy access or not, can make agriculture anticipate major inflation that occurs if the land is far from settlements or cities. land makes agriculture more effective in dealing with inflation

[ichsan ardi]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

my strategy for maintaining my wealth to avoid hyper inflation I will allocate my assets to two types of assets, namely bitcoin and gold, especially bitcoin because these two assets in my opinion will avoid inflation, especially bitcoin because the only asset that has a story of value is bitcoin and Bitcoin is our money, our money and not our coins

[itorai]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

If possible, I will invest some money in silver and gold, because the price of silver and gold will be stable.
can also be invested in farmers.

The price of gold and silver is not stable either and has its own volatility. Yes, the volatility of gold and silver is less than that of bitcoin, but it is still there. Therefore, investing in gold and silver should also be smart.

Yes, it's true what you say, it's just that the risk is lower, and it's easy to resell. (If there is little gold/silver)😁
So I think it is much riskier to invest in all types of coins.

[MarjorieZimmermanGinger]

Both of these options are not available for everyone. Leaving your country and going to another country is not possible for everyone, it's even challenging to shift from one city to another or from one house to another, leaving the country is a different ball game altogether. The biggest challenge in this can be the language barrier because you can't just learn everything and move there, you will face a lot of problems because of this, and even if that is dealt with, it can be challenging to find a job after relocation, unless you manage to land a job before moving there which isn't possible for everyone.

And, when it comes to working and getting paid in a different currency or asset, that's not a choice everyone has because only people who work with international clients might be able to achieve that. Still, most people would work with local clients and companies and only pay in the local currency.

You are right because it is not a solution in the midst of economic difficulties, especially since hyperinflation can make it difficult for us to find permanent work. Moving to one country will add a much heavier burden because we will start from scratch to settle there. That solution is much worse than staying in your own country and not only because of language differences, differences in lifestyle and culture can also make it difficult for us to cope with a new place there. This step may not be achievable for most people and is also not a solution that can be chosen by the general public in the midst of hyperinflation.

The solution may be to stay in your own country and try to find additional income by looking at the existing potential. Trying to buy the necessities needed and trying to save because hyperinflation will usually cause the price of goods to soar uncontrollably and the value of the currency to decrease at an unstable stage.

[Ben Barubal]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

my strategy for maintaining my wealth to avoid hyper inflation I will allocate my assets to two types of assets, namely bitcoin and gold, especially bitcoin because these two assets in my opinion will avoid inflation, especially bitcoin because the only asset that has a story of value is bitcoin and Bitcoin is our money, our money and not our coins

  So does that mean you are a rich person? It also means that you will not be affected by hyperinflation, is that right? Sorry, most people in this community are not at the same level of life as you are.

  Like me, you are not yet capable of buying even one bitcoin to hold until a bull run. So my alternative is the other cryptocurrency that has the potential to rise in the bull run or the upcoming bitcoin halving. Although gold is also a good alternative for such a situation,

[hafiztalha]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

I would invest in Bitcoin because Bitcoin is safe if we invest for long run. In my opinion, Bitcoin trading is not best opinion but holding of Bitcoin is best opinion. In future, Bitcoin will be use as currency and people will pay by Bitcoin. I see a people who invest in Bitcoin by selling their house and Bitcoin price went down and they suffer for a short duration and after Bitcoin went up and they became millionaire.Most millionaires are made by Bitcoin , people should invest in Bitcoin to get 500 percent profit . No investment give 500 percent profit except Bitcoin. It is unique and exceptional investment.

[WillyAp]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Keep your cool, try to get credits and change it into a stable coin or any other which promises to maintain the value.

[slapper]

Both of these options are not available for everyone. Leaving your country and going to another country is not possible for everyone, it's even challenging to shift from one city to another or from one house to another, leaving the country is a different ball game altogether. The biggest challenge in this can be the language barrier because you can't just learn everything and move there, you will face a lot of problems because of this, and even if that is dealt with, it can be challenging to find a job after relocation, unless you manage to land a job before moving there which isn't possible for everyone.

And, when it comes to working and getting paid in a different currency or asset, that's not a choice everyone has because only people who work with international clients might be able to achieve that. Still, most people would work with local clients and companies and only pay in the local currency.

You are right because it is not a solution in the midst of economic difficulties, especially since hyperinflation can make it difficult for us to find permanent work. Moving to one country will add a much heavier burden because we will start from scratch to settle there. That solution is much worse than staying in your own country and not only because of language differences, differences in lifestyle and culture can also make it difficult for us to cope with a new place there. This step may not be achievable for most people and is also not a solution that can be chosen by the general public in the midst of hyperinflation.

The solution may be to stay in your own country and try to find additional income by looking at the existing potential. Trying to buy the necessities needed and trying to save because hyperinflation will usually cause the price of goods to soar uncontrollably and the value of the currency to decrease at an unstable stage.

You are dead on about how terrible hyperinflation is; it's like a storm that destroys everything in its path. But let's not underestimate the power of adaptive financial strategies. Yes, emigration is risky and culturally shocking. But is remaining put usually safer? When currency values fall, so does purchasing power. It's about savings and income loss, not just rising prices. We need creative thinking. Have you explored income diversification? Remote work, digital platforms, freelancing. The world is more interconnected than ever. Why not leverage that?

In hyperinflation, traditional saving is like holding water in a sieve. What about inflation-resistant assets? Consider gold, real estate, or cryptocurrencies. They have risks, but so does putting all your eggs in a fast weakening currency basket. We must deliberately position ourselves to withstand this storm, not just survive. Don't we need to think like financial warriors instead of survivors?

[tjtonmoy]

You cannot safeguard yourself from hyperinflation as it is much more severe than normal inflation. Your first priority should be survival. Thinking of investments in that kind of situation is never going to help. For example you are buying something that cost $8 and the next month it cost $10. That is inflation. But in hyperinflation things are not as simple as that. Imagine buying a piece of bread with a cart full of money. And the next month it will cost two carts full of money to buy that same one piece of bread. That is called hyperinflation.
In this kind of situation all you can do is prepare something that you have like a land in which you can grow food in order to survive. Money will have no value if hyperinflation ever hits. All you can do is ensure survival of yourself.

[fredericktaylor]

We need to be prepared in advance to protect money so that it is not destroyed by inflation. We will buy some assets that tend to be more stable assets that are more familiar to the general public like gold, silver, diamonds, Bitcoin. Make sure to do a lot of research before investing after market swings. There's no magic bullet, but having a variety of assets can help soften the blow when hyperinflation hits. In my opinion the best option to protect your infinitely produced fiat money against inflation is Bitcoin

[dansus021]

How to survive hyperinflation? basically, you already said it all and that is invest in crypto, stocks, or households.

Basically to survive inflation is you need to invest in an instrument that over-performed from the current inflation so if the current inflation is 5% you need to invest to an instrument that has apy at least 7% and it could crypto stock or property.

[angrybirdy]

You cannot safeguard yourself from hyperinflation as it is much more severe than normal inflation. Your first priority should be survival. Thinking of investments in that kind of situation is never going to help. For example you are buying something that cost $8 and the next month it cost $10. That is inflation. But in hyperinflation things are not as simple as that. Imagine buying a piece of bread with a cart full of money. And the next month it will cost two carts full of money to buy that same one piece of bread. That is called hyperinflation.
In this kind of situation all you can do is prepare something that you have like a land in which you can grow food in order to survive. Money will have no value if hyperinflation ever hits. All you can do is ensure survival of yourself.

It all make sense, our priority should be survival, so for now It is better to think well on the things that really helps us when hyperinflation hits, As you've said, we need to be always prepared as the worst part of hyperinflation is not about not being able to have cash because of the high cost of any item, the worst part is the hunger, which somehow related to your suggestion of preparing a land that will help people to grow food.

[tjtonmoy]

It all make sense, our priority should be survival, so for now It is better to think well on the things that really helps us when hyperinflation hits, As you've said, we need to be always prepared as the worst part of hyperinflation is not about not being able to have cash because of the high cost of any item, the worst part is the hunger, which somehow related to your suggestion of preparing a land that will help people to grow food.

Yeah, survival is based on food. Our first parity in life is food because it is the key element which is required for survival. Technology, household, transportation, etc, are all part of luxury in our life. But the main part should always be accessed to food. With a full belly you can go out and search for opportunities but if you are starving to death there's nothing much you can do about it despite having all the luxurious thing in the world. In times of hyperinflation people won't be focusing on those kinds of things because they are worthless to them at that time.

Despite others being fundamental rights they are not as much important as food. Food is the only thing that keeps us alive and our main focus should be on that.

[cabron]

It all make sense, our priority should be survival, so for now It is better to think well on the things that really helps us when hyperinflation hits, As you've said, we need to be always prepared as the worst part of hyperinflation is not about not being able to have cash because of the high cost of any item, the worst part is the hunger, which somehow related to your suggestion of preparing a land that will help people to grow food.

Yeah, survival is based on food. Our first parity in life is food because it is the key element which is required for survival. Technology, household, transportation, etc, are all part of luxury in our life. But the main part should always be accessed to food. With a full belly you can go out and search for opportunities but if you are starving to death there's nothing much you can do about it despite having all the luxurious thing in the world. In times of hyperinflation people won't be focusing on those kinds of things because they are worthless to them at that time.

Despite others being fundamental rights they are not as much important as food. Food is the only thing that keeps us alive and our main focus should be on that.

You will need food and guns if you want to survive in an event like this. Out of hunger people will do terrible things like loot homes and steal the valuables you have like gold and food. Although this may sound very chaotic, it's going when the supply chain is broken and it's possible because of the pirates in the Red Sea.

You just have to have a plan B and C whether it's coming or not. I guess it's not so bad to plant some potatoes of your own and keep stocking food like winter is coming.
Maybe you can even help other people by selling your potatoes for a cheap price among your neighbors so you and your neighborhood will be united to protect each other.

[zaim7413]

The disruption of economic stability caused by hyperinflation does not have a bad impact on everyone. People who want to avoid disrupting economic stability will try to get a better life while living under hyperinflation by investing in assets that are easy to sell when they need funds. There are several investments that make the most sense to me during hyperinflation such as Bitcoin, gold and silver, I exclude investments that are difficult to obtain if financial strength is lacking such as houses and other Real Estate.

[Noctis Connor]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

a good asset like house & lot , lots can be tons of money in the future specially those near into the cities its easy to sell too when its needed for some emergency money , but most of the people i know they start investing on bitcoin which is not good for me when it comes on the long term investment i would still preferred the thinking outisde the box , gold , oil , silver can good investment to survive future coz how if you invest on bitcoin and you suddenly die? theres no other way to open your account so for me the best way is house and lot.

[AnnaFahrer]

I think that cryptocurrency is the best way to invest in our world now. Your house can be destroyed by shelling, your cash can be stolen, and only cryptocurrency can not be stolen and destroyed by somebody outside.

[WillyAp]

You cannot safeguard yourself from hyperinflation as it is much more severe than normal inflation. Your first priority should be survival.

Don't mix what you cannot do with being impossible. We had hyperinflation and I know a few guys benefitting from it.
Once you have enough property and know the right people you are likey to see further. There are no problems, there are only solutions. 

[flyingcarpet]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

a good asset like house & lot , lots can be tons of money in the future specially those near into the cities its easy to sell too when its needed for some emergency money , but most of the people i know they start investing on bitcoin which is not good for me when it comes on the long term investment i would still preferred the thinking outisde the box , gold , oil , silver can good investment to survive future coz how if you invest on bitcoin and you suddenly die? theres no other way to open your account so for me the best way is house and lot.

Being able to sell immediately in emergencies is an important feature to have in investment. It is one of the factors we should pay attention to when investing. Since not everyone has the same investment preferences, a choice is made between investment instruments such as Bitcoin, gold or oil. In such cases, there are many different methods to follow, but there are also many risks. Many people prefer traditional investment methods for such reasons.

Despite all these risks, there are many ways to leave your Bitcoins to others after you. You can research these methods and apply them if they suit you. Perhaps you may want to diversify your investments. All decisions are always the investor's and these opinions are not investment advice.

[Fortify]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

The simple fact is the majority will suffer when hyper inflation starts to take over your economy, they will not have the means or even take action like getting their assets into a more reliable place that will not be damaged. If hyper inflation starts to infect your currency, after pushing up the price of goods and services, then the only solution if you have wealth is to move it out. Many governments will try to stop this exodus of wealth, as it can make the spiral worse, so you have to move early. At a certain point, unless the root causes are addressed and fixed, the population will end up in a subsistence style economy where they can barely survive - look at what happened in Zimbabwe for a textbook case on this topic.

[milewilda]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

The simple fact is the majority will suffer when hyper inflation starts to take over your economy, they will not have the means or even take action like getting their assets into a more reliable place that will not be damaged. If hyper inflation starts to infect your currency, after pushing up the price of goods and services, then the only solution if you have wealth is to move it out. Many governments will try to stop this exodus of wealth, as it can make the spiral worse, so you have to move early. At a certain point, unless the root causes are addressed and fixed, the population will end up in a subsistence style economy where they can barely survive - look at what happened in Zimbabwe for a textbook case on this topic.

They would really be trying out to make some action on the time that they do able to feel up that hyperinflation or something that gives out already a huge impact into their salary but on the time that it isnt really that
be felt or something that noticeable then they arent minding on doing things which are supposed to be done in the first place. People would really be just simply making those actions on the time that they would really be having those feelings but they arent really making such thing on early situation on which it is really that a common approach. When it comes into the talks about survival then it would really be just that wise that you should really be that mindful on making those steps on making yourself that better in terms of finances.

You cant really just that make yourself that relaxed just because you arent experiencing any hardship, unless if you do have already multiple income sources then it could be possible but if its not
then for sure you would really be definitely be struggling as the time been passing knowing that inflation becomes even more worst as the time passing by.
So it would be sensible on what are the things that you would really gonna do for you to be able to survive out.

[DrBeer]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

Hyperinflation is a great time to buy up very promising assets ! From gold to real estate. The fact is that in hyperinflation, the mass demand for everyday goods comes first. A person can afford not to buy new clothes, not to make repairs, etc. But - will buy food, medicines, hygiene products, etc. Taking into account that in conditions of hyperinflation, yesterday's contents of your wallet, tomorrow already useless papers, people will be forced to sell more stable and liquid assets - jewelry, equipment, and some even real estate (if prolonged hyperinflation). Yes I agree - for example real estate, in case of hyperinflation, apartments and houses will be sold for stable currencies, but still with big discounts.

Remember the phrase "Buy when everyone is selling, sell when everyone is buying ...". (c) Warren Buffett

[oktana]

Gold is a store of value, but this will not make me invest in gold.

https://bitcointalk.org/index.php?topic=5473902.msg63150189#msg63150189

It is better to invest in bitcoin.

I can invest real estate but I have little amount of money which will not make me not to do it. I prefer bitcoin.

True, Bitcoin has many advantages which makes it a common option that the average person (at least on this forum) will choose. I know gold is a store of value, but I do not feel it enough to put my money into it (I’m not even talking about ROI and all of that). Real estate too has its downside starting from the inability to invest small amount of money to the fact that it isn’t really liquid because if you wanted to sell the house, you have to start finding a buyer and all of that. The paper work stress is even a lot. Yes bitcoin has its own disadvantages too but I think it’s the best option in this case.

[YUriy1991]

There are several investments that make the most sense to me during hyperinflation such as Bitcoin, gold and silver, I exclude investments that are difficult to obtain if financial strength is lacking such as houses and other Real Estate.

Whether we realize it or not, we are on the verge of a global recession next year. I agree that BTC, gold, silver and real estate are considered a smart strategy and would be a good defense to survive in the midst of hyperinflation if we can buy from now.



However, on the other hand, if a transaction is carried out at that moment, especially for houses and real estate, there will be a decrease in prices and liquidity due to the currency exchange rate and it may be very unstable at that time. So whatever the case, you have to look at market conditions and trends too.

[Peanutswar]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

The simple fact is the majority will suffer when hyper inflation starts to take over your economy, they will not have the means or even take action like getting their assets into a more reliable place that will not be damaged. If hyper inflation starts to infect your currency, after pushing up the price of goods and services, then the only solution if you have wealth is to move it out. Many governments will try to stop this exodus of wealth, as it can make the spiral worse, so you have to move early....

If you keep your money sleeping in your banks the price of it will get low because of this hyper-inflation Instead of making a sub up only with the banks with a small interest why not to take a try with the investments, only people will suffer with this hyperinflation is the people who keep earning with the small amount without any increase required given by the government and only people who get lessen affect of this are the people who are rich and good amount of cashflow with their assets doesn't mean they don't care at all because every expense getting higher but because they have another way to earn more its doesn't affect too much.

[slapper]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

Hyperinflation is a great time to buy up very promising assets ! From gold to real estate. The fact is that in hyperinflation, the mass demand for everyday goods comes first. A person can afford not to buy new clothes, not to make repairs, etc. But - will buy food, medicines, hygiene products, etc. Taking into account that in conditions of hyperinflation, yesterday's contents of your wallet, tomorrow already useless papers, people will be forced to sell more stable and liquid assets - jewelry, equipment, and some even real estate (if prolonged hyperinflation). Yes I agree - for example real estate, in case of hyperinflation, apartments and houses will be sold for stable currencies, but still with big discounts.

Remember the phrase "Buy when everyone is selling, sell when everyone is buying ...". (c) Warren Buffett

Hyperinflation goes beyond real estate and gold deals. It's an economic-destroying cycle. Think about it: money value drops when prices rise. People are selling fancy stuff to survive. Real estate investments during hyperinflation are risky, but they seem smart. These assets' values fluctuate greatly in such situations. Here we are discussing a scenario where standard economic forecasts completely fail

Let's not ignore the human factor. We're dealing with real people, real lives. They're more than balance sheet statistics. Hyperinflation causes panic and desperation, which can lead to reckless decisions. Consider the wider impact before buying a house at a fraction of its value. Are we encouraging profiting from others' misfortunes? It's a brutal method that follows the 'buy low, sell high' principle, but it has huge ethical consequences. Warren Buffett's comment is true, but market timing isn't enough - you must also understand the fundamental human and economic effects of market moves

[ndutndut]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Since the Corona pandemic, I have learned a lot about how to save more and have to be creative so I can have my own business, besides teaching my children about working and saving. Well, it's a valuable lesson on how to survive when a pandemic occurs, maybe this is also what I will do as a strategy for dealing with hyperinlation.

Would you invest on crypto, stocks or household when the cash is not the king?

Of course the best solution to face all of this is investment. For me, the Corona Pandemic really provides a lesson for everyone in the world, the importance of having reserve funds or investing in bitcoin and real estate. and always teaches us not to be arrogant even though we already have everything, because many entrepreneurs or rich people have had some of their businesses go bankrupt because many of their assets are pledged as collateral in the bank.

[Davian144]

The disruption of economic stability caused by hyperinflation does not have a bad impact on everyone. People who want to avoid disrupting economic stability will try to get a better life while living under hyperinflation by investing in assets that are easy to sell when they need funds. There are several investments that make the most sense to me during hyperinflation such as Bitcoin, gold and silver, I exclude investments that are difficult to obtain if financial strength is lacking such as houses and other Real Estate.

It is still possible for everyone to obtain Bitcoin, gold and silver with an unlimited amount of funds at this time so that they can still be used for their respective investments in the long term amidst these hyperinflationary conditions. However, ready-to-use land and buildings of certain types still tend to be difficult for the majority of society to obtain, except for those who are large investors with large amounts of capital, so it can be easier for them to channel their capital there.

[Litzki1990]

Keeping cash means that you will have the amount of money you save but when you invest the money, that investment will show your money growth. People who think about the future and expect a better position than the current position always feel more comfortable investing. There are enough platforms to invest money, if someone has enough knowledge about crypto then he will invest in crypto platform and if someone has idea about real business then he will invest in business platform. It is never wise to keep cash piled up. You deposit cash in the bank, but there is no guarantee that the bank will not go bankrupt. So to keep your money safe, you need to invest that money in a reliable investment platform.

[0t3p0t]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

If money is not a problem then I will invest in real estate, precious metals and Bitcoin or other assets that has collectors value. I know that we have preferences depending on our capital, country we are in and what works with us but for me I'll go with future proof assets.

[|MINER|]

It is better to invest in crypto. But it is in BTC or Ethereum, not in alt coin. Because BTC is very reliable.  Alt coin has no trust.  Many have become kings by investing in alt coin, many have become destitute. And investing in gold will also be wise. If you have enough, you can also invest in stocks.

[rahim066]

u can invenst without fear on :
1-gold, silver, oil.
2-real estate .
3-crypto.
in the inflation periods 1,2 & 3 tends to rise which helps to minimise the lost or gain more

[Bd officer]

To survive hyperinflation you must first reduce unnecessary spending. You should try to increase your income. If you have cash, don't keep it in a bank. Because of inflation, the value of local currency will decrease day by day. Prices of essential goods will continue to rise. So you can invest in bitcoins, never invest in altcoins. But you have to invest with risk. If you want to be risk free then you can buy gold silver or land.

[STT]

Hyper is fairly rare, its defined by 100% per month ?  cant remember the exact definition but normal excess inflation is enough to fell a good economy.      30% to 100% inflation per year is dangerously high yet a far more normal occurrence in a modern economy.   Those figures could describe parts of Europe at various times, UK, Argentina right now I heard has reached 3 figures.   Its not so rare but also we cannot say this is hyperinflation, however its still massively damaging to various business and the economy in total.

How you survive is you avoid relying on cash value especially over night and over weekends or any closure times.  The money itself becomes a great cost and burden so all businesses become inefficient especially compared to those external to that nation who have the stability.     I think China some business were storing deposits of copper to exchange as value during business deals, this was outlawed by their dictatorship.   In Vietnam they use gold bars during a house exchange as other prices would vary too much.

[bhadz]

Everyone is talking about investing but it takes time to see the fruits of your investment whether it's in bitcoin, crypto, stocks, oil or even gold. You check and see how the people of Venezuela is dealing with it. They need a continuous source of income not from their own country but someone has to go abroad and work and earn dollars or any valuable currency that can help them cope up with the situation. Because jobs on their country are going to pay them measly equivalent to an hotdog sandwich for a month's work.

[wiss19]

How to survive hyperinflation? basically, you already said it all and that is invest in crypto, stocks, or households.

Basically to survive inflation is you need to invest in an instrument that over-performed from the current inflation so if the current inflation is 5% you need to invest to an instrument that has apy at least 7% and it could crypto stock or property.

Invest in household? Really? I think household refers to the things inside the house, which may not really be important. It's better to just say house alone, if that is what we mean. Because, house is the same as real estate but last time I saw a comment that says house is not important as it was not an asset but a liability.

Any investment grows its value over time, so they will always over perform against the inflation. Apart from the fixed APY rate that some investment can give to us, we can also amplify it by investing more money. It is risky yes, and can even become riskier if you pick up the wrong asset. So, a thorough research is always a must.

[AicecreaME]

In my case, I don't overspend my money on the things that I only wanted, I always prioritize my needs.

Investing in cryptocurrency or stocks won't help you either, because the market is very unpredictable. I believe investing your money in a small business is much better if you wanted to earn profit daily, because investing in cryptocurrency is good for the long run, not in risking it for short term investment to survive hyperinflation. Just make sure that the business you're going to put up is very high in demand, like selling basic necessities in home, food is the number one on the list.

[WillyAp]

Investing in cryptocurrency or stocks won't help you either, because the market is very unpredictable.

In Stocks you have more information on the companies. Managenment, History & development.
In Altcoins you have hardly anything, a few exceptions are there.
Brick and Mortar is often way better than Stocks and Crypto. Take Hoodrich:

https://www.bbc.co.uk/news/av/business-67197321

With 200 pounds, plus 10+ years street selling.

[bussybuddy]

Making extra income is not as hard as climbing a mountain, you know. Just look around you. What hobbies or talents can you turn into money? If you can make delicious cakes, why not try selling them online? If you're a voracious reader, you could tutor English to kids. Or, simply leverage social media to share your knowledge or sell your handmade products. There are endless possibilities, just be willing to explore and be creative.

Overall, just keep it simple. Making extra income is about becoming more self-reliant and resilient in the face of life's ups and downs. Just keep exploring and experimenting, and eventually you'll build your own "income garden," which is both beautiful and secure, and you won't have to worry about rising prices anymore. So don't be afraid to start, because if it's good for you, just do it!

[Pilgrimazra]

I still believe that house hold items is still a good way to invest your money.
Gold, Bitcoin and most importantly Housing Estate is another best way to save money in this time of hyperinflation.

[bbigtart]

In my case, I don't overspend my money on the things that I only wanted, I always prioritize my needs.

Investing in cryptocurrency or stocks won't help you either, because the market is very unpredictable. I believe investing your money in a small business is much better if you wanted to earn profit daily, because investing in cryptocurrency is good for the long run, not in risking it for short term investment to survive hyperinflation. Just make sure that the business you're going to put up is very high in demand, like selling basic necessities in home, food is the number one on the list.

The point is that if a crisis occurs we must not panic, we must be calm and think clearly because this is a very important thing. if we panic then everything we plan will be in vain. If this has been resolved then securing money will also be easier both in terms of expenditure and income.

It would be wiser to survive this hyperinflation, we must be wise to save food and supplies for difficult times. Some people call it preparation. This shouldn't be your main focus in life, but I think everyone should have at least a year's worth of food and supplies to get them through tough times. Not only can you use it to feed your own family but you can help people.

Investing cannot overcome this problem in the near future because investment usually saves us in the long term. It is better to overcome this hyperinflation by doing business because we will get income all the time, from this income we can only invest.

[harapan]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

We should have other alternatives like real estate or even having a skill not just investing in cryptocurrencies.

Having a budget and sticking to it is also satisfiable;it will keep your spending in order.Hyperinflation can be frustrating,so one needs to
Prepare before hand.

[EFS]

I usually put my money on crypto, majority is Bitcoin. We have very high inflation so it would be absurd to keep the money in TRY. I either hold on to crypto or USD. I don't invest in real estate because right now they are overpriced. I wait for the bubble to burst before I make any investment.

[Hispo]

I usually put my money on crypto, majority is Bitcoin. We have very high inflation so it would be absurd to keep the money in TRY. I either hold on to crypto or USD. I don't invest in real estate because right now they are overpriced. I wait for the bubble to burst before I make any investment.

I have heard about the inflation going on in Turkey, thought I am not sure neither of the cause of that inflation nor the magnitude of that inflation. Is it as bad as it was here in Venezuela?
Because during the worst times of the inflationary period here in my country, it was common to see the prices of the food and other goods to double in a week. I am talking about inflation of 800-1000% in a single month. During those times people also had to resort or buying USD in cash it holding some cryptocurrency for the safe of their savings and personal economy.

Also, if you are actually interested into buying real state then you better monitor the behavior of the price of those houses, I would even speculate that it is likely it would be necessary for the inflation to slow down before the price of the properties to get down, obviously people won't easily get rid of their property if their local currency does not have as much strength as before.

[CODE200]

I usually put my money on crypto, majority is Bitcoin. We have very high inflation so it would be absurd to keep the money in TRY. I either hold on to crypto or USD. I don't invest in real estate because right now they are overpriced. I wait for the bubble to burst before I make any investment.

I hope that we can see a bubble in my country bursting, I have the money to buy in case the bubble pops and I do think that it's the only way now to buy myself a property but knowing real estate companies and tycoons, they'll try their best to delay the popping and cash in as much as they can so they could get as much money out of the business before the bubble pops. Bitcoin helped me a lot when it comes to making more fiat and not be affected too much by the inflation, I just hope that I get to see myself have more bitcoin so I can secure myself even if the inflation continues to go bad.

[demonica]

I usually put my money on crypto, majority is Bitcoin. We have very high inflation so it would be absurd to keep the money in TRY. I either hold on to crypto or USD. I don't invest in real estate because right now they are overpriced. I wait for the bubble to burst before I make any investment.

Well definitely, crypto or other stronger currency could work when there's a great inflation or hyperinflation in your country. If you already have investment in property or gold before the inflation, I think it's an advantage for you since you'll still have your assets that won't be affected negatively during inflation. But if you're just about to go to these kind of investments during hyperinflation, it might be a little hard since economy is slowly crashing and real estate or gold assets will increase in value due to high demand.

So I think it's really more convenient and suitable for people to go shift in Bitcoin or other cryptocurrency, aside from other strong countries' currency during hyperinflation. And I think that's what other people are also doing who's experiencing it like in Venezuela.

[G_Besar]

We should have other alternatives like real estate or even having a skill not just investing in cryptocurrencies.

In fact, from the past, everyone has seen and learned how to generate income through many things in order to quickly get the achievements they want. Because it is quite crucial or quite risky if someone only depends on one job to earn income, because when they don't get profits from that job, someone might be more easily frustrated or disappointed. So it is important to take several steps in several jobs in order to get maximum income without depending on just one of them, even if it is cryptocurrency investment.

Having a budget and sticking to it is also satisfiable;it will keep your spending in order.Hyperinflation can be frustrating,so one needs to
Prepare before hand.

A sufficient budget is also obtained through several profitable jobs, because if someone only has one job to expect a source of income and he also uses that budget for daily food. Of course, it will also be difficult for his budget to be large or large because daily consumption is taken from that income, so it will also be difficult for him to manage it well. The point is that every person who has a budget that can be managed so well must already have more than one job so that it is quite possible not to experience frustration when facing hyperinflationary conditions like today.

[Essential10]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

In an emergency, I would consider converting the cash I have on hand into a more stable currency or asset as soon as possible. I will focus on non-essential spending and essential goods and services. I would consider alternative currencies, in times of hyperinflation, that can hold their value better than local currencies. In this regard, the US dollar is widely recognized as a stable currency and has often seen many countries use it as a local currency substitute during times of hyperinflation. But of course I would look at some cryptocurrencies like Bitcoin and Ethereum as alternatives during inflationary periods. Besides, gold has also been considered a store of value for centuries and is often used as a hedge against inflation. Investing in gold or gold-backed currencies can be a way to preserve wealth during times of hyperinflation.

[tottong]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

By living more frugally and not spending money on things that are not so important, this is the best way to deal with hyperinflation.
But actually living in these two ways should be done at all times not just during times of hyperinflation because the more we spend, the more unstable our finances will be, especially if there are not enough jobs to earn money.

Would you invest on crypto, stocks or household when the cash is not the king?

Depends on what kind of crypto you mean but if the relationship is about bitcoin then I quite recommend it. However, if it is related to hyperinflation then it is best to control the problem first and when it is stable then think about investing wherever we want.

[Mr.right85]

By living more frugally and not spending money on things that are not so important, this is the best way to deal with hyperinflation.
But actually living in these two ways should be done at all times not just during times of hyperinflation because the more we spend, the more unstable our finances will be, especially if there are not enough jobs to earn money.

Not having to spend on things that aren't important, that's some idea but, this often comes to play when you go for some of the luxuries of life. Like, trying to buy se of the best automobile brands.
I have had to track back at times on some of the items have spent money on to know which of them could have been avoided but, I'm often disappointed. I hdy recall anything neither do I find one that could have been avoided.
In the end, we still find means to survive and that's human nature.

[abel1337]

By living more frugally and not spending money on things that are not so important, this is the best way to deal with hyperinflation.
But actually living in these two ways should be done at all times not just during times of hyperinflation because the more we spend, the more unstable our finances will be, especially if there are not enough jobs to earn money.

Not having to spend on things that aren't important, that's some idea but, this often comes to play when you go for some of the luxuries of life. Like, trying to buy se of the best automobile brands.
I have had to track back at times on some of the items have spent money on to know which of them could have been avoided but, I'm often disappointed. I hdy recall anything neither do I find one that could have been avoided.
In the end, we still find means to survive and that's human nature.

Spending practically is the first thing that a human will do if we are talking about surviving a hyperinflation, spending the money for the necessities and avoiding the "wants" in life. It is effective that way but it somehow reduce the fun in life in my opinion. It would be better to just add another source of income to even support the "wants" like luxuries, this way, you will be more productive and at the same time still enjoy your current spending habits. Having another source of income will surely help you even if the hyperinflation calmed, you will basically have more spending power with you.

[EarnOnVictor]

Everyone is talking about investing but it takes time to see the fruits of your investment whether it's in bitcoin, crypto, stocks, oil or even gold.

You have a good point here, most investments are risky and are not even as easy in terms of the magnitude of the gain and the speed of the gains. Yet, there are investments that will earn very fast for you, and if not so fast, they can make sizable returns for you in a matter of 12 months or less. These investments are reliable enough and when you have the money, you can't miss out on this.

On a thought, Crypto, Gold and Oil are so risky, even though it is better to opt for crypto in this category, but never you invest in any of them if you do not know and understand them very well. But there are some good investment packages like investing in some companies, and I have seen as much as 20% annual return in many of them. One can buy physical properties too, or partner with some small companies that will guarantee some income at the end of every year.

Some people might start some small businesses on their own since everything shouldn't be about indirect investments, and I have seen a lot of people having good jobs but are into baking and many other engagements to gain more money. All these can be of great help in assisting us to fight inflation no matter the size and the more we take the passive income seriously, the better for us.

[puloweh555]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

To survive when hyperinflation occurs, of course we have to be wise in responding to it by abandoning the consumerist lifestyle, and of course seeking as much income as possible in order to maintain financial well-being during times of inflation. Apart from that, we also have to get used to living simply. If we lived in the countryside it would certainly be better because we could raise livestock and farm to meet basic needs and fill savings.

When hyperinflation occurs, investment is of course a good choice to protect value, so investment is a moment that must be utilized well, such as buying gold or bitcoin. I only keep money in the bank, never more than I need and I also use it as microtransactions for daily and monthly shopping purposes only.
I don't trust banks, just like banks don't trust me when I apply for a bank loan.

[tygeade]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

To survive when hyperinflation occurs, of course we have to be wise in responding to it by abandoning the consumerist lifestyle, and of course seeking as much income as possible in order to maintain financial well-being during times of inflation. Apart from that, we also have to get used to living simply. If we lived in the countryside it would certainly be better because we could raise livestock and farm to meet basic needs and fill savings.

When hyperinflation occurs, investment is of course a good choice to protect value, so investment is a moment that must be utilized well, such as buying gold or bitcoin. I only keep money in the bank, never more than I need and I also use it as microtransactions for daily and monthly shopping purposes only.
I don't trust banks, just like banks don't trust me when I apply for a bank loan.

I think consumerist life style is not the first thing you should get rid of. Remember, what you buy today, will be more expensive later on, so you could make a profit that way. I am not saying have stuff that would be useless, but do have stuff that can be both liabilities and assets.

Let's assume this, if you buy a tablet, like ipad for example, that would look quite useless, I did that, just about 6 months or so ago, but today it is 1.5 what it was, so I can sell it right now and make a profit, even though I used it. If you ask people, they would say it's liability, but because a newer version didn't come out, and it's new year, and everything got new prices, the amount an ipad costs ended up higher. Even if it is the same amount, it's investment, and I can sell it, and still have cash.

[Arenga pinnata]

Everyone is talking about investing but it takes time to see the fruits of your investment whether it's in bitcoin, crypto, stocks, oil or even gold. You check and see how the people of Venezuela is dealing with it. They need a continuous source of income not from their own country but someone has to go abroad and work and earn dollars or any valuable currency that can help them cope up with the situation. Because jobs on their country are going to pay them measly equivalent to an hotdog sandwich for a month's work.

It will indeed be difficult to survive on a salary that is not large. Especially if there is some kind of hyperinflation that makes the currency in that country no longer so valuable. Even a large bag of money is only enough to buy a snack. Well hyperinflation is much scarier. Because surely many people suddenly fall into poverty. For example, people save their money in the bank for several years and when they withdraw it, the value of the money is very low and not comparable to the value they previously saved.

Working abroad and being paid in dollars is indeed a solution, but the problem is that it is not easy to do that for most people who are in trouble in countries that are experiencing hyperinflation. Because most of them definitely don't have the capital to go abroad.

[milewilda]

Everyone is talking about investing but it takes time to see the fruits of your investment whether it's in bitcoin, crypto, stocks, oil or even gold. You check and see how the people of Venezuela is dealing with it. They need a continuous source of income not from their own country but someone has to go abroad and work and earn dollars or any valuable currency that can help them cope up with the situation. Because jobs on their country are going to pay them measly equivalent to an hotdog sandwich for a month's work.

It will indeed be difficult to survive on a salary that is not large. Especially if there is some kind of hyperinflation that makes the currency in that country no longer so valuable. Even a large bag of money is only enough to buy a snack. Well hyperinflation is much scarier. Because surely many people suddenly fall into poverty. For example, people save their money in the bank for several years and when they withdraw it, the value of the money is very low and not comparable to the value they previously saved.

Working abroad and being paid in dollars is indeed a solution, but the problem is that it is not easy to do that for most people who are in trouble in countries that are experiencing hyperinflation. Because most of them definitely don't have the capital to go abroad.

Really very challenging indeed on which i have already experienced up the bittersweet real life situations when you do have that small salary. You would really be struggling on having that day to day living specially if you do have that mouth to feed or simply having your own family on which it would really be that a damn struggle or miserable life if you wont really be that finding ways or methods on making your earnings way more higher or better.This is why as a father or husband then you would really be needing to work hard for you to be able to survive and earn more. There would be no changes if you wont act and it is really just that it is really just that right that you would be needing to be wise or else you would really be getting divorced or simply your family would leave you because you cant able to raise them well.

This is why it would really be always that best that you should really be wise on seeking for another source of income. Inflation is inevitable and it do becomes worst year by year specially if you are leaving on a
country on which it does have that worst inflation rate year by year. So it would be just that right that you should be wise on that you are doing. You wont progress
if you wont really be making out such act.

[slapper]

Everyone is talking about investing but it takes time to see the fruits of your investment whether it's in bitcoin, crypto, stocks, oil or even gold. You check and see how the people of Venezuela is dealing with it. They need a continuous source of income not from their own country but someone has to go abroad and work and earn dollars or any valuable currency that can help them cope up with the situation. Because jobs on their country are going to pay them measly equivalent to an hotdog sandwich for a month's work.

It will indeed be difficult to survive on a salary that is not large. Especially if there is some kind of hyperinflation that makes the currency in that country no longer so valuable. Even a large bag of money is only enough to buy a snack. Well hyperinflation is much scarier. Because surely many people suddenly fall into poverty. For example, people save their money in the bank for several years and when they withdraw it, the value of the money is very low and not comparable to the value they previously saved.

Working abroad and being paid in dollars is indeed a solution, but the problem is that it is not easy to do that for most people who are in trouble in countries that are experiencing hyperinflation. Because most of them definitely don't have the capital to go abroad.

Really very challenging indeed on which i have already experienced up the bittersweet real life situations when you do have that small salary. You would really be struggling on having that day to day living specially if you do have that mouth to feed or simply having your own family on which it would really be that a damn struggle or miserable life if you wont really be that finding ways or methods on making your earnings way more higher or better.This is why as a father or husband then you would really be needing to work hard for you to be able to survive and earn more. There would be no changes if you wont act and it is really just that it is really just that right that you would be needing to be wise or else you would really be getting divorced or simply your family would leave you because you cant able to raise them well.

This is why it would really be always that best that you should really be wise on seeking for another source of income. Inflation is inevitable and it do becomes worst year by year specially if you are leaving on a
country on which it does have that worst inflation rate year by year. So it would be just that right that you should be wise on that you are doing. You wont progress
if you wont really be making out such act.

Running on a fast treadmill is stressful and apparently endless when income barely covers bills. Economics shows that inflation steals your wallet by reducing purchasing power. So, having more than one source of income is not only smart, it's necessary. Invest in reliable assets, especially little ones, to hedge inflation. Side gigs like freelance employment might boost your income. Don't just work harder -> work smarter

Personal finance requires a budget and adherence. Keep careful spending records. Every cent saved on avoidable spending might be invested in your future. It's a challenging process, but tiny, persistent steps can lead to big changes. Financial planning is about constructing a secure future for you and your family, not merely avoiding family strife

[tottong]

Not having to spend on things that aren't important, that's some idea but, this often comes to play when you go for some of the luxuries of life. Like, trying to buy se of the best automobile brands.
I have had to track back at times on some of the items have spent money on to know which of them could have been avoided but, I'm often disappointed. I hdy recall anything neither do I find one that could have been avoided.
In the end, we still find means to survive and that's human nature.

My pattern is not too far off because the right way can have a small impact on the problem of dealing with hyperinflation conditions and for me trying to live frugally and spend on something important is enough in hyperinflation conditions.
Sometimes people who are financially healthier do not have a big impact on this condition and as you said, living in luxury and spending on things of great value is their lifestyle.
To survive we have to have a way and when our finances are unstable our life will be much more difficult, so trying to live frugally is a step that needs to be taken.

Avoiding unnecessary purchases is important because when someone has money, they should think about how that money can be more productive and that is how smart people handle financial problems.

[cozytrade]

Everyone is talking about investing but it takes time to see the fruits of your investment whether it's in bitcoin, crypto, stocks, oil or even gold. You check and see how the people of Venezuela is dealing with it. They need a continuous source of income not from their own country but someone has to go abroad and work and earn dollars or any valuable currency that can help them cope up with the situation. Because jobs on their country are going to pay them measly equivalent to an hotdog sandwich for a month's work.

Investments take time to see results, but you can never get the same profit from an investment as from a job. If you are reluctant to invest, you can opt for a small business instead of a job. It has become difficult to find a job in the country or abroad these days. Many educated youths are roaming around in search of jobs in our country. But there is so much shortage of jobs, even after obtaining higher education, they go from door to door for jobs, but they do not get jobs. It is scandalous for the nation and the country, on the other hand if a person is planning to move abroad for a job then money is needed there too. But due to financial constraints of some people even that is not possible. Even then I think you can start a business on a small scale by raising some money without chasing a job. There you can improve by using your labor and intelligence level.  And by earning money from there you can handle any situation.

[Wakate]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

To survive when hyperinflation occurs, of course we have to be wise in responding to it by abandoning the consumerist lifestyle, and of course seeking as much income as possible in order to maintain financial well-being during times of inflation. Apart from that, we also have to get used to living simply. If we lived in the countryside it would certainly be better because we could raise livestock and farm to meet basic needs and fill savings.

When hyperinflation occurs, investment is of course a good choice to protect value, so investment is a moment that must be utilized well, such as buying gold or bitcoin. I only keep money in the bank, never more than I need and I also use it as microtransactions for daily and monthly shopping purposes only.
I don't trust banks, just like banks don't trust me when I apply for a bank loan.

I think consumerist life style is not the first thing you should get rid of. Remember, what you buy today, will be more expensive later on, so you could make a profit that way. I am not saying have stuff that would be useless, but do have stuff that can be both liabilities and assets.

Let's assume this, if you buy a tablet, like ipad for example, that would look quite useless, I did that, just about 6 months or so ago, but today it is 1.5 what it was, so I can sell it right now and make a profit, even though I used it. If you ask people, they would say it's liability, but because a newer version didn't come out, and it's new year, and everything got new prices, the amount an ipad costs ended up higher. Even if it is the same amount, it's investment, and I can sell it, and still have cash.

Continuous inflation had made many of us to keep thinking how we could invest our money and get something better in return. I could remember some of the things I bought early last year, the price of same products had increase by more than 20% and this is why we don't have to keep procrastinating always.

Anything we intend to buy now whether for business or for households, it will be advisable for us to buy now because the price might keep increasing everytime and we might not know when inflation will reduce and price of goods will also reduce too. Investing our funds is one of the ways we can make money for ourselves in a bigger picture rather using the funds to buy liabilities.

[puloweh555]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

To survive when hyperinflation occurs, of course we have to be wise in responding to it by abandoning the consumerist lifestyle, and of course seeking as much income as possible in order to maintain financial well-being during times of inflation. Apart from that, we also have to get used to living simply. If we lived in the countryside it would certainly be better because we could raise livestock and farm to meet basic needs and fill savings.

When hyperinflation occurs, investment is of course a good choice to protect value, so investment is a moment that must be utilized well, such as buying gold or bitcoin. I only keep money in the bank, never more than I need and I also use it as microtransactions for daily and monthly shopping purposes only.
I don't trust banks, just like banks don't trust me when I apply for a bank loan.

I think consumerist life style is not the first thing you should get rid of. Remember, what you buy today, will be more expensive later on, so you could make a profit that way. I am not saying have stuff that would be useless, but do have stuff that can be both liabilities and assets.

Let's assume this, if you buy a tablet, like ipad for example, that would look quite useless, I did that, just about 6 months or so ago, but today it is 1.5 what it was, so I can sell it right now and make a profit, even though I used it. If you ask people, they would say it's liability, but because a newer version didn't come out, and it's new year, and everything got new prices, the amount an ipad costs ended up higher. Even if it is the same amount, it's investment, and I can sell it, and still have cash.

I mean the consumerist lifestyle must be eliminated. The reason is that quite a few of them adhere to a consumerist lifestyle by buying luxury goods without considering the profits obtained. they even buy expensive items worth hundreds of dollars just for self-satisfaction or just to show off. This is what I mean, the consumerist lifestyle must be eliminated in order to survive hyperinflation. because this kind of lifestyle is usually not due to the need for the function of the item but is based on excessive desire and prestige.

[JeffBrad12]

Investments take time to see results, but you can never get the same profit from an investment as from a job. If you are reluctant to invest, you can opt for a small business instead of a job. It has become difficult to find a job in the country or abroad these days. Many educated youths are roaming around in search of jobs in our country. But there is so much shortage of jobs, even after obtaining higher education, they go from door to door for jobs, but they do not get jobs. It is scandalous for the nation and the country, on the other hand if a person is planning to move abroad for a job then money is needed there too. But due to financial constraints of some people even that is not possible. Even then I think you can start a business on a small scale by raising some money without chasing a job. There you can improve by using your labor and intelligence level.  And by earning money from there you can handle any situation.

There are less and less available jobs for white collar but more and more for blue collar because population is rising, literate who are at least bachelor are also rising, but there's nobody taking blue collar job because its depicted as dirty and also because it pays less for the hard work but I think if someone that willing to work for blue collar job are scarce I think the pays won't be that bad.
if we are talking about job, there's definitely some complex thing going on, but to survive hyper inflation, its definitely investing into something that is worthy like gold and so on then we can simply avoid hyper inflation by just doing that, after all, investing is the best way to counter inflation to be honest.

[Assface16678]

In the past few years, inflation seems to keep growing, especially in the year 2023, so we understand that many people can't keep up or keep up with the increase in expenses. That's why it's practical now to have 2 jobs at a time, but this is not applicable to all. That's why, for me to keep up aside from my stable job as a programmer, I decided to add free lancing jobs and, of course, investments, and one of them is doing crypto currency things such as holding assets, trading, and of course, signature campaigns. With these things, I could have more income and can sustain myself and my family's needs. In these times, you are at a disadvantage if you don't know how to make extra income. We should not rely on one job; we should either invest, build a business, or have part-time or freelance jobs, it depends on how wise and resourceful the person is.

[Qiubell5]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

As far as I know, when hyperinflation occurs, all goods will rise drastically and quickly. So at times like that, I think investment is not the first option that should be done. But having savings and reserve funds is the first option you must have. Because how can it be that when prices rise we actually invest. In fact, this can make it even more complicated.

[m2017]

In the past few years, inflation seems to keep growing, especially in the year 2023, so we understand that many people can't keep up or keep up with the increase in expenses.

Inflation has always existed and grown (not just in recent years) since the very beginning of the current global financial system.

That's why it's practical now to have 2 jobs at a time, but this is not applicable to all.

Why not 3 jobs at the same time?

Maybe it’s better to concentrate on 1, but highly paid and in demand?

That's why, for me to keep up aside from my stable job as a programmer, I decided to add free lancing jobs and, of course, investments, and one of them is doing crypto currency things such as holding assets, trading, and of course, signature campaigns. With these things, I could have more income and can sustain myself and my family's needs.

In our difficult times, it is reasonable to have additional third-party sources of income, where the choice of direction and method of receiving (or maintaining) income depends only on one’s own qualities and capabilities.

In these times, you are at a disadvantage if you don't know how to make extra income. We should not rely on one job; we should either invest, build a business, or have part-time or freelance jobs, it depends on how wise and resourceful the person is.

What you are talking about is the well-known diversification of risks and sources of income (and increase). Relying on a job alone is dangerous, because you can lose it. Having 2 jobs, the loss of the only one will no longer be so critical. The principles used in investing apply here too.

[boty]

In the past few years, inflation seems to keep growing, especially in the year 2023, so we understand that many people can't keep up or keep up with the increase in expenses. That's why it's practical now to have 2 jobs at a time, but this is not applicable to all. That's why, for me to keep up aside from my stable job as a programmer, I decided to add free lancing jobs and, of course, investments, and one of them is doing crypto currency things such as holding assets, trading, and of course, signature campaigns. With these things, I could have more income and can sustain myself and my family's needs. In these times, you are at a disadvantage if you don't know how to make extra income. We should not rely on one job; we should either invest, build a business, or have part-time or freelance jobs, it depends on how wise and resourceful the person is.

Having several sources of income will indeed be able to help us meet the needs we need when inflation occurs, because if we only have one source of income it will certainly be very difficult to meet the expenses we need so we have to look for loans to be able to meet the needs we need in facing inflation.
What you say is very true, at the moment it is really a loss if we only have one source of income, because if we only have one source of income it will of course be difficult if we have a lot of expenses and nowadays people can easily have several sources of income if they want do it, because they can learn skills they like and can earn income from the skills we learn.

[0t3p0t]

with my current economical status, bitcoin is the only one i can afford to invest to

i would love to have to invest in all three someday but for now with the little money that i have, i’m satisfied to have put it in bitcoin maybe in the future i’ll have more btc but for now i only bought what i can

Your signature campaign rewards may also serve as your future investments if you are gonna hodl it long term. That is actually what I am doing right now since I don't have extra money to buy but I am happy I have few portions of Bitcoin intended for future purposes.

[EarnOnVictor]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

To survive when hyperinflation occurs, of course we have to be wise in responding to it by abandoning the consumerist lifestyle, and of course seeking as much income as possible in order to maintain financial well-being during times of inflation. Apart from that, we also have to get used to living simply. If we lived in the countryside it would certainly be better because we could raise livestock and farm to meet basic needs and fill savings.

When hyperinflation occurs, investment is of course a good choice to protect value, so investment is a moment that must be utilized well, such as buying gold or bitcoin. I only keep money in the bank, never more than I need and I also use it as microtransactions for daily and monthly shopping purposes only.
I don't trust banks, just like banks don't trust me when I apply for a bank loan.

I think consumerist life style is not the first thing you should get rid of. Remember, what you buy today, will be more expensive later on, so you could make a profit that way. I am not saying have stuff that would be useless, but do have stuff that can be both liabilities and assets.

Let's assume this, if you buy a tablet, like ipad for example, that would look quite useless, I did that, just about 6 months or so ago, but today it is 1.5 what it was, so I can sell it right now and make a profit, even though I used it. If you ask people, they would say it's liability, but because a newer version didn't come out, and it's new year, and everything got new prices, the amount an ipad costs ended up higher. Even if it is the same amount, it's investment, and I can sell it, and still have cash.

Continuous inflation had made many of us to keep thinking how we could invest our money and get something better in return. I could remember some of the things I bought early last year, the price of same products had increase by more than 20% and this is why we don't have to keep procrastinating always.

Anything we intend to buy now whether for business or for households, it will be advisable for us to buy now because the price might keep increasing everytime and we might not know when inflation will reduce and price of goods will also reduce too. Investing our funds is one of the ways we can make money for ourselves in a bigger picture rather using the funds to buy liabilities.

I hope there is availability of money, that is the only way it can be as easy as you make it look. Some people are not so fortunate in this regard, they might want to buy what they desire immediately and not procrastinate, but the money will ever be the constraint they will have to deal with. To them, they will continue to look on and also feel it painfully, but no choice but to either look away or keep their calm and hope for the best. I, nonetheless, challenge the people in this category to double up their hustle, I do not encourage scarce resources. Some people are too lazy, while others are too naive, illiterate or dull in their senses to explore the opportunities around them.

If you do not have money, you find a way to get it and not fold your arms when God created a brain for you. There are many rich people who were not born into nobility or with a silver spoon, yet they made it in life, that is why no one should have any excuse if they are still not in that financial state they want for themselves. Investment is there, extra job/business is there, and freelancing is there among others. Some people will even learn other works to give service just to earn more. No one should encourage idleness and excuses for not being able to meet their financial obligations for whatever reason if not health-related.

[idarasun]

In the past few years, inflation seems to keep growing, especially in the year 2023, so we understand that many people can't keep up or keep up with the increase in expenses. That's why it's practical now to have 2 jobs at a time, but this is not applicable to all. That's why, for me to keep up aside from my stable job as a programmer, I decided to add free lancing jobs and, of course, investments, and one of them is doing crypto currency things such as holding assets, trading, and of course, signature campaigns. With these things, I could have more income and can sustain myself and my family's needs. In these times, you are at a disadvantage if you don't know how to make extra income. We should not rely on one job; we should either invest, build a business, or have part-time or freelance jobs, it depends on how wise and resourceful the person is.

Your approach to dealing with inflation by having two jobs, freelancing and engaging in crypto investments and signature campaigns reflects a wise strategy to deal with rising expenses. A good strategy for income through an understanding of cryptocurrencies and investments is a good move, but otherwise I think it would be very harmful to financial health. Because in some experiences I have found that cryptocurrency prices are very aggressive and unpredictable even if I learn about the movement of a price, if the liquidity is withdrawn it is useless for me to learn about it.

[lizarder]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Spend according to your needs and increase your income to make money because that way we will get out of the hyperinflation problem that is occurring. The problem is that this is not as easy as it is discussed because it requires a concept to live it and if someone does not have a good lifestyle it will make the condition even more problematic.

Would you invest on crypto, stocks or household when the cash is not the king? 

I prefer investing in bitcoin compared to stocks or real estate because investing in bitcoin can be done with the amount we want and if our finances are not large then only investing in bitcoin is much more reliable. Saving money is unproductive because it loses value and money will not produce anything if saved.

[bestcoins1]

Your signature campaign rewards may also serve as your future investments if you are gonna hodl it long term. That is actually what I am doing right now since I don't have extra money to buy but I am happy I have few portions of Bitcoin intended for future purposes.

Each person has very different goals for the future, so the methods used are also very different. Because as long as it can be considered as an investment for the future with any results that can make someone maintain the Bitcoin they have through whatever, it is a very worthy thing to do because it will be very good for themselves or for each of us.

Investment is a very free job and is not forced on anyone, because investment can be started from a small amount to a large amount or from a small level and then developed to become larger. So this can be done by anyone who has desires and desires based on their own thoughts without any orders from other people or other factors that influence it.

[Strongkored]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

If your country is experiencing hyperinflation and you still have assets then it is better to leave that country to look for a better life in another country because a country experiencing hyperinflation will have difficulty maintaining security so crime will increase, job opportunities will become increasingly difficult so whatever assets you have will the value decreases and investments made when hyperinflation has occurred will be impossible to help us because everything has become difficult, but if you ask about investment then Bitcoin will be the answer because this is a forum about Bitcoin, altcoins are just full of scams, the property is only for rich people and Stocks can be an option, we just need the patience to see them grow and give us profits

[JariKriting]

if you just want the value of money not to fall from hyperinflation buy gold. real gold bars issued by state-owned enterprises where you live. then it can withstand inflation or the fall of your assets or wealth. because the price of gold increases always above the value of inflation.
and above gold you can buy bitcoin but must understand bitcoin price.

[2Pizza410000BTC]

Gold is a store of value, but this will not make me invest in gold.

https://bitcointalk.org/index.php?topic=5473902.msg63150189#msg63150189

It is better to invest in bitcoin.

I can invest real estate but I have little amount of money which will not make me not to do it. I prefer bitcoin.

Yes of course gold is a valuable asset but can never be compared to Bitcoin. I also always like bitcoin investment I never like buying gold and investing. But in some cases it is forced to buy. A few days ago I sold bitcoins and bought gold jewelry for my wife. When I bought gold jewelry for my wife, Bitcoin was worth $28,000. When I bought gold for my wife the price has increased slightly from the current price. But if I had held on to the bitcoin investment without letting my wife know about the gold jewellery, today I could have bought double gold jewelery for my wife. That's why I always like Bitcoin because Bitcoin will grow a hundred times more than the gold market.

[Latviand]

if you just want the value of money not to fall from hyperinflation buy gold. real gold bars issued by state-owned enterprises where you live. then it can withstand inflation or the fall of your assets or wealth. because the price of gold increases always above the value of inflation.
and above gold you can buy bitcoin but must understand bitcoin price.

The problem with gold is that it's definitely going to be confiscated by the government, remember the time of Great Depression and the stock market was plummetting? The government confiscated all the gold that every individual owns, it's a far fetch possibility but it can definitely happen when something really bad happens to the economy of a country. In a case of hyperinflation right now, I do think that it's better to invest in bitcoin rather than gold.

[Y3shot]

with my current economical status, bitcoin is the only one i can afford to invest to

i would love to have to invest in all three someday but for now with the little money that i have, i’m satisfied to have put it in bitcoin maybe in the future i’ll have more btc but for now i only bought what i can

Bitcoin is more profitable if one holds it longtime  and should be first Crypto to think of to invest, bitcoin is more reliable and the risk in it can't be compared to that of altcoins.  Inflation in this recent time is really affecting the value of fiat and because of this instead of saving money in fiat it will be better to use bitcoin as a store of value.

[Dunamisx]

with my current economical status, bitcoin is the only one i can afford to invest to

i would love to have to invest in all three someday but for now with the little money that i have, i’m satisfied to have put it in bitcoin maybe in the future i’ll have more btc but for now i only bought what i can

Bitcoin is more profitable if one holds it longtime  and should be first Crypto to think of to invest, bitcoin is more reliable and the risk in it can't be compared to that of altcoins.  Inflation in this recent time is really affecting the value of fiat and because of this instead of saving money in fiat it will be better to use bitcoin as a store of value.

The idea of adopting bitcoin and holding is not a bad one, but we must never forget that the most crucial aspect of this is for us to make another alternative something we can rely on without having only a single source for our financial dependency, Incase of any happenings beyond our plan, we can always ha e a backup for it, inflation is when the market price is gone very high that our income level could not afford buying or living to the standard.

[BRINIRHA]

with my current economical status, bitcoin is the only one i can afford to invest to

i would love to have to invest in all three someday but for now with the little money that i have, i’m satisfied to have put it in bitcoin maybe in the future i’ll have more btc but for now i only bought what i can

Bitcoin is more profitable if one holds it longtime  and should be first Crypto to think of to invest, bitcoin is more reliable and the risk in it can't be compared to that of altcoins.  Inflation in this recent time is really affecting the value of fiat and because of this instead of saving money in fiat it will be better to use bitcoin as a store of value.

We must avoid storing our assets in fiat in the current hyperinflation situation. Because the decline in fiat value is the most frightening when high inflation occurs. An example is what has happened in Zimbabwe and Venezuela. The value of the currency there has even become almost worthless. So rich people who keep their assets in bank savings will definitely fall into poverty when hyperinflation occurs.

Gold will definitely be the main choice for the wider community in this situation. But for those of us who are familiar with Bitcoin, investing in Bitcoin can also be a temporary hedge. The value can even grow if we hold it in the long term. But we also have to be more prepared for the risks we take. However, in a hyperinflation situation, holding fiat is the most dangerous.

I once saw a news program on TV about a country that had experienced hyperinflation. Even in that country, money is scattered on the streets like unused paper. Usually this occurs as a result of errors in managing state finances. or because of continuously printing too much money. If we hold gold, the value of our assets will remain the same and will not change much. But if we want our assets to grow then investing is a risk that must be taken.

[shawonngp]

I don't have much money to invest in Bitcoin because all of expensive to buy right now, high inflation is badly affected in our life but still I always try to invest something. I will never invest in altcoins because I don't think it can be future safeguard to me and i think most of altcoins scam so i do not recommend to invest your hard earned with altcoins.

[CageMabok]

Bitcoin is more profitable if one holds it longtime  and should be first Crypto to think of to invest, bitcoin is more reliable and the risk in it can't be compared to that of altcoins.  Inflation in this recent time is really affecting the value of fiat and because of this instead of saving money in fiat it will be better to use bitcoin as a store of value.

In facing inflationary conditions like today, I am still happy to use Bitcoin as an investment and also consider it an excellent store of value in conditions like today. But on the one hand, I also haven't forgotten about gold as a store of value that I have long relied on besides Bitcoin, so at the moment I am still quite happy to use both for the purpose of storing the value of the assets I already own. Because both are still good enough for me and also for everyone, especially when it comes to investing and storing its value.

[Lanatsa]

with my current economical status, bitcoin is the only one i can afford to invest to

i would love to have to invest in all three someday but for now with the little money that i have, i’m satisfied to have put it in bitcoin maybe in the future i’ll have more btc but for now i only bought what i can

Bitcoin is more profitable if one holds it longtime  and should be first Crypto to think of to invest, bitcoin is more reliable and the risk in it can't be compared to that of altcoins.  Inflation in this recent time is really affecting the value of fiat and because of this instead of saving money in fiat it will be better to use bitcoin as a store of value.

We must avoid storing our assets in fiat in the current hyperinflation situation. Because the decline in fiat value is the most frightening when high inflation occurs. An example is what has happened in Zimbabwe and Venezuela. The value of the currency there has even become almost worthless. So rich people who keep their assets in bank savings will definitely fall into poverty when hyperinflation occurs.

Gold will definitely be the main choice for the wider community in this situation. But for those of us who are familiar with Bitcoin, investing in Bitcoin can also be a temporary hedge. The value can even grow if we hold it in the long term. But we also have to be more prepared for the risks we take. However, in a hyperinflation situation, holding fiat is the most dangerous.

I once saw a news program on TV about a country that had experienced hyperinflation. Even in that country, money is scattered on the streets like unused paper. Usually this occurs as a result of errors in managing state finances. or because of continuously printing too much money. If we hold gold, the value of our assets will remain the same and will not change much. But if we want our assets to grow then investing is a risk that must be taken.

We do know that FIAT do really devalue even though on a slow manner but its not really that advisable on keeping up fiat into your bank account and really keeps hoarding and accumulating.
We do know on how inflation do works and how it do really affects us when it comes to the money that we are really that potentially saving up. This is why it would really be always best that we should
really be that wise on how to combat this thing and for sure people would really be making such step about doing investment or would really be doing up some business to fight up that inflation effect.
Some might really tbat missing out those things but some are really that mindful or having that back up plans already on which it is really that impossible that you cant think off
when you are really that thinking deep thoroughly.

We do know that there are really people who are really that not minding about those probabilities or simpyl having that lacking of knowledge and this is why they do skip out on having
that kind of step or action just because they are really that not aware about those probabilities or it is really just that they cant take up such risks on doing such step
or doesnt really care about that few % devaluing on every year. 

[BRINIRHA]

We must avoid storing our assets in fiat in the current hyperinflation situation. Because the decline in fiat value is the most frightening when high inflation occurs. An example is what has happened in Zimbabwe and Venezuela. The value of the currency there has even become almost worthless. So rich people who keep their assets in bank savings will definitely fall into poverty when hyperinflation occurs.
~Snip~

We do know that FIAT do really devalue even though on a slow manner but its not really that advisable on keeping up fiat into your bank account and really keeps hoarding and accumulating.
We do know on how inflation do works and how it do really affects us when it comes to the money that we are really that potentially saving up. This is why it would really be always best that we should
really be that wise on how to combat this thing and for sure people would really be making such step about doing investment or would really be doing up some business to fight up that inflation effect.
Some might really tbat missing out those things but some are really that mindful or having that back up plans already on which it is really that impossible that you cant think off
when you are really that thinking deep thoroughly.

We do know that there are really people who are really that not minding about those probabilities or simpyl having that lacking of knowledge and this is why they do skip out on having
that kind of step or action just because they are really that not aware about those probabilities or it is really just that they cant take up such risks on doing such step
or doesnt really care about that few % devaluing on every year. 

Fiat even continues to experience a decline in value when inflation is normal or under control. We know that inflation within controlled limits is still considered normal. But the fact is that inflation continues to occur, although slowly. That is why the price of every good will also increase slowly from year to year even in developed countries. And when an economic crisis occurs and when inflation starts to get out of control, that's when the decline in fiat value will occur more quickly. And because what we are talking about is hyperinflation or the peak of inflation which can even make a country economically bankrupt. So in a hyperinflation situation it will really surprise us. Because the decline in fiat value in countries experiencing hyperinflation can even occur by more than 100% in 24 hours. For example, in Zimbabwe there was a price increase of 2x in just 24 hours. And this happens quite often so that residents there even have to carry 1 sack of money just to shop for daily necessities at the market.

And in hyperinflation conditions, perhaps those who will survive are those who have been accustomed to investing since before hyperinflation occurred. And it is very unfortunate that investment literacy is rarely raised, even in high school. Maybe learning about investment will only appear in college curricula. That is why the insight of lower society who cannot even afford to go to high school rarely understands and enters the realm of investment. But I see that thanks to crypto, the term investment has now become more widely known. I don't know how, but nowadays awareness about the importance of investment has spread more widely.

[Samlucky O]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

What I think is to invest in bitcoin or better still you can save your money on more stable coin like USDT if you are afraid of low volatility of bitcoin. Because keeping your fund in usdt is like freezing your fund against economic inflation which will never affect it. Emaging saving your fund on stable coin and inflation reduce the value of your currency I think the stable coin become a revival of the fallen price of the fiat, there by increasing your fund at that given time.

[wtsimis]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

There is a difference between saving and investing. If you want to save your money, protect your financial health without any risk, then strategically navigating hyperinflation will require a diversified approach. If you want to have complete financial stability then I would say keep USDT as a stable currency. And if you think your money is willing to grow more in the future then I would say invest in Bitcoin.

[summonerrk]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

I remember perfectly well how two years ago, before the beginning of this crisis, a female analyst told me that times were coming when it would be impossible to survive without a part-time job. And a year ago, I realized that she was right. Because of the difficult situation in the world, I really found a part-time job a year ago. Without it, I can't imagine how it is possible to pay at current prices, which have increased significantly due to hyperinflation.

[EarnOnVictor]

Gold is a store of value, but this will not make me invest in gold.

https://bitcointalk.org/index.php?topic=5473902.msg63150189#msg63150189

It is better to invest in bitcoin.

I can invest real estate but I have little amount of money which will not make me not to do it. I prefer bitcoin.

Yes of course gold is a valuable asset but can never be compared to Bitcoin. I also always like bitcoin investment I never like buying gold and investing. But in some cases it is forced to buy. A few days ago I sold bitcoins and bought gold jewelry for my wife. When I bought gold jewelry for my wife, Bitcoin was worth $28,000. When I bought gold for my wife the price has increased slightly from the current price. But if I had held on to the bitcoin investment without letting my wife know about the gold jewellery, today I could have bought double gold jewelery for my wife. That's why I always like Bitcoin because Bitcoin will grow a hundred times more than the gold market.

I quite understand what you guys are saying and your points are so valid, only that you might still not know how best to go about gold's investment. Never you compare the way Bitcoin works with the way gold works, if you do, you will be making mistakes. Just like Bitcoin, learn and understand the investment pattern before you commit your money, the same goes for gold, you need to have different ideologies and mindsets about the two of them for you to maximize their potential differently. Mind you, Bitcoin and crypto investments are like never before, they are still young which is why you see them moving in multiples. But with time, you will see them drastically reducing the amount anyone can earn through them per time. You can mark my word on that.

Particularly about gold, what is working for me is that I buy lows and sell highs, but only long-term. I simply do this by studying both the daily and weekly charts of the asset simultaneously to make an informed decision as the case may be. You can be a good studier of the gold's chart too by using the price action and as many as possible support and resistance strategies on the daily and weekly timeframes. By this, you know the long-term tops and bottoms of gold to make a very useful decision at the time. The last time I made a decision on gold was to buy the asset, and my striking price was $1849 and gold hit $1994 afterwards which I still believe would continue to grow over time unless a sell signal is detected. This can't earn you as much as Bitcoin would earn you, but just like other assets, you can make about 3-5 informed decisions like that in a year which is good money. This is a good alternative to crypto investment and is also better than leaving your money in the bank to be wasted. Needless to say, if it is about trading, gold is far better than Bitcoin if the trader is good.

[shinratensei_]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

There is a difference between saving and investing. If you want to save your money, protect your financial health without any risk, then strategically navigating hyperinflation will require a diversified approach. If you want to have complete financial stability then I would say keep USDT as a stable currency. And if you think your money is willing to grow more in the future then I would say invest in Bitcoin.

isn't keeping money in USDT when there is hyper inflation occurring just mean that we gonna lose our wealth overtime? I think what you mean is gold, or something that is "believed" to be able to fight against the hyperinflation since they are being considered as store of value.
meanwhile by keeping money in USDT you are definitely just gonna get eaten by the inflation.
with bitcoin in the other hand gonna be massive usually when such crisis occur bitcoin price magically increase maybe because people think that bitcoin is reliable to invest at such hard and difficult time.
I guess that also why big company try to accumulate bitcoin.

[idarasun]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

To protect your money when prices go up (hyperinflation) I think it should be with a cool head and a calm feeling, there are some types of investments that have a high enough value and are not affected by inflation such as property, houses, even gold I think this can be done. But there are also financial instruments that might help fight rising prices. When thinking about an investment in crypto, stocks or houses, there are definitely risks and rewards. So I think that even so we must really study it more deeply so that we can benefit from it.

[DVlog]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

The safest ones are precious metal and real estate. You have asked these questions in bitcointalk community so I assume many will suggest investing in bitcoin but don't tell you about its volatility. If you don't mind losing 5k in value overnight or can keep yourself calm by seeing 5k in an hour then go for bitcoin. 5k is just a number used by me to give you an idea about volatility. Stock market is highly manipulated so it is not advisable to use stock. Make a decision by doing some research but keep in mind choose any asset class that has high liquidity and you don't need to rely on someone to liquidate your asset.

[Games.Bitcoin]

A financial strategy becomes paramount in the face of persistent inflation.  Surviving hyperinflation requires a strategic approach to financial well-being. Difference is important when investing in cryptocurrencies like Bitcoin during challenging economic times. When investing in circles you should adopt a systematic approach like Dollar Cost Averaging (DCA). through which to navigate the financial challenges presented by ongoing inflation.

[Kriptogram14]

A financial strategy becomes paramount in the face of persistent inflation.  Surviving hyperinflation requires a strategic approach to financial well-being. Difference is important when investing in cryptocurrencies like Bitcoin during challenging economic times. When investing in circles you should adopt a systematic approach like Dollar Cost Averaging (DCA). through which to navigate the financial challenges presented by ongoing inflation.

The uncontrolled and rapid increase in inflation makes people feel very anxious, because the prices of all goods are rising drastically. This phenomenon is characterized by a drastic increase in the price of goods and a drastic decrease in the value of money, which is a big problem for the lower classes of society. However, , a country can be said to be experiencing hyperinflation if the inflation rate reaches 50-100% within a month, so the government must carefully consider the problems that occur among lower class people, So people at lower levels do not experience very high rates of inflammation, so people do not have difficulty buying basic daily necessities.

[EFS]

I have heard about the inflation going on in Turkey, thought I am not sure neither of the cause of that inflation nor the magnitude of that inflation. Is it as bad as it was here in Venezuela?
Because during the worst times of the inflationary period here in my country, it was common to see the prices of the food and other goods to double in a week. I am talking about inflation of 800-1000% in a single month. During those times people also had to resort or buying USD in cash it holding some cryptocurrency for the safe of their savings and personal economy.

Also, if you are actually interested into buying real state then you better monitor the behavior of the price of those houses, I would even speculate that it is likely it would be necessary for the inflation to slow down before the price of the properties to get down, obviously people won't easily get rid of their property if their local currency does not have as much strength as before.

Do you live in Venezuela? No, we have high inflation but not crazy numbers like Venezuela. At the moment there is a controlled rise on the prices, there is no hyperinflation. Nevertheless, for a developed country like ours these are high figures and the cost of living is being seriously felt. At the moment the rate of increase in the dollar exchange rate is slow, but there is uncertainty because there will be elections in the country in two months. After the elections, the dollar exchange rate is expected to rise along with inflation. I don't think we will experience hyperinflation, but I don't think they will be able to stop the devaluation of our currency day by day as well. In such an environment, it wouldn't make sense to stay in TRY. That's why people keep their money in crypto-currencies and USD or physical gold.

[Hispo]

I have heard about the inflation going on in Turkey, thought I am not sure neither of the cause of that inflation nor the magnitude of that inflation. Is it as bad as it was here in Venezuela?
Because during the worst times of the inflationary period here in my country, it was common to see the prices of the food and other goods to double in a week. I am talking about inflation of 800-1000% in a single month. During those times people also had to resort or buying USD in cash it holding some cryptocurrency for the safe of their savings and personal economy.

Also, if you are actually interested into buying real state then you better monitor the behavior of the price of those houses, I would even speculate that it is likely it would be necessary for the inflation to slow down before the price of the properties to get down, obviously people won't easily get rid of their property if their local currency does not have as much strength as before.

Do you live in Venezuela? No, we have high inflation but not crazy numbers like Venezuela. At the moment there is a controlled rise on the prices, there is no hyperinflation. Nevertheless, for a developed country like ours these are high figures and the cost of living is being seriously felt. At the moment the rate of increase in the dollar exchange rate is slow, but there is uncertainty because there will be elections in the country in two months. After the elections, the dollar exchange rate is expected to rise along with inflation. I don't think we will experience hyperinflation, but I don't think they will be able to stop the devaluation of our currency day by day as well. In such an environment, it wouldn't make sense to stay in TRY. That's why people keep their money in crypto-currencies and USD or physical gold.

Very wise from people to keep their value in those assets you mentioned, because in historical moments when FIAT can be trusted to store value, it is better to be the central bank the one who holds the bag in the end, not the people of the country.
Now, when you also talk about the inflation rate there in your country and compare it to the one we had here in Venezuela, it is clear you won't see those crazy numbers here in your homeland, because what we experienced here some year ago was the result of crooks in power who do not care about the integrity of the economy, those are not serious people. If the people in charge of your economy have a little bit of seriousness, it is very very very unlikely for you to ever experiment the nightmare we saw here in this beautiful country.

In your opinion, what is the best method to safe guard one's money in your country, cryptocurrency, gold or United States Dollars? I imagine one of those options have more liquidity than others and also some more changes of being available than the others.

[Jegileman]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

With the rise of inflation in my country, I would rather invest in crypto than any of the above listed by you. In this period, although I haven’t invested in any other assets asides from crypto and I have gained and not too affected by the inflation because of how the value of my assets in crypto is rising against my country’s currency. This has only given me the opportunity to still get the same quantity of goods with the percentage of my income reserved for that purpose every time I want to buy but it hasn’t really helped me become richer than I was before. I love saving in crypto (stable coins)  than in fiat because of the depreciation of the fiat currency in respect to the stable currencies.

[trendcoin]

In a hyperinflationary environment, it is certainly important to invest in hard currencies with a stable supply, but I think the most important thing is to stock up on food and clothing because I feel that food and clothing prices have increased more. I do my shopping in bulk, especially for basic needs. For example, I stock up on flour, oil, sugar, and other foodstuffs that will last me for more than a few months. I know that when I do this, I am not curbing hyperinflation and I am creating a short-term demand inflation, but I cannot protect myself from hyperinflation.

[shinratensei_]

In a hyperinflationary environment, it is certainly important to invest in hard currencies with a stable supply, but I think the most important thing is to stock up on food and clothing because I feel that food and clothing prices have increased more. I do my shopping in bulk, especially for basic needs. For example, I stock up on flour, oil, sugar, and other foodstuffs that will last me for more than a few months. I know that when I do this, I am not curbing hyperinflation and I am creating a short-term demand inflation, but I cannot protect myself from hyperinflation.

that could make things worse with the inflation, but well sometime we have no choice, after all just imagine having 1000 people in a town to have the same thought process the food will run out and the money will become even more worthless.
if its just basic needs, its good practice to always have fertile land for farming just in case, after all who knows when the hyperinflation will occur then we can get some good income from it altogether considering the lack of food and then just wait until things get better maybe the currency will get better as well in term of value since usually these hyperinflation situation are gonna be resolved by the respective government and then we will get benefits of selling at high, applying principle of trading here, but of course owning land, farming in it, not something easy to do so many things need to be considered.
but yes when we are lacking land to start farming for the sake of surviving, just hoarding all those canned foods are just the only way to go, there's not really much choice is it otherwise other people aren't gonna be doing the same thing.

[wendty]

The safest way to survive hyperinflation, especially during these times when a lot of countries' economies are down and unpredictable is to invest in traditional assets like gold and other minerals and real estate. Bitcoin is not old but since it is not controlled by governments and financial institutions, I am confident about it. If we still need to diversify more of our investments, putting some funds into stocks, bonds, and even some foreign currencies could work well in the long run. I read some techniques of these rich families and this is what they are doing.

[olib123]

I think a lot of people in countries with Hyperinflation, switch to more stable Fiat currencies, like the US Dollar. This is one way to protect the value of your wealth, but you can consider other methods.. like buying Gold or even buying some bitcoins (BTC)
Buying some stocks is another good option

[JayTrain]

In my opinion, a strategy for managing hyperinflation depends on many factors, such as personal financial goals, risk level and available resources. One way to protect against hyperinflation may be to diversify your portfolio investments. Investing in cryptocurrency, stocks or your own property may be an option, but it is important to consider your knowledge, experience and capabilities.

[MissNonFall9]

 Finding the cause of the problem is crucial to solving every problem. Since hyperinflation is a general issue, it is difficult to pinpoint a specific cause So we can invest in Bitcoin or trading platforms to survive the downside of hyperinflation.
We know that the solution to the hyperinflation problem will be to prevent the center from creating excess currency.
If the solution to the hyperinflation problem is to bring stability between aggregate demand and aggregate supply from the center, we should be investing more in Bitcoin. Only then will we survive hyperinflation and secure future mobility.

[AnonBitCoiner]

There are so many ways for investment and I think that investment way should be selected which consists of little or no risk. It is a better way to build a house and then give it on a rent so it will give you a passive income therefore if you invest in crypto so it will become risky because of fluctuations.

People are preferring investment method according to their interest so I think they will not be effected by volatility, Fluctuations and other issues if they are interested in crypto, stock of something else. Bitcoin is also a good investment source but due to its volatile nature people often don't understand the reality and don't continue their bitcoin investment and sell it due to fear of loss so I think for them it is a risky field if you have no knowledge.

[topbitcoin]

To be able to survive when hyperinflation occurs, of course this is not an easy thing to do and overcome. However, just in case something happens, we must at least be able to take anticipatory steps to protect ourselves and the assets we own. and saving and investing is one way that is quite a solution for us to do. Saving money in the form of foreign currency which is considered stable or saving it in the form of gold has become an effort that many people often make. However, only a few people are able to consider and decide to save and invest their wealth in the form of cryptocurrencies, even though if we think again, these crypto assets are considered to have fairly low volatility. and some even see that crypto money like Bitcoin is considered a hedge against inflation, which is because its supply is very limited and is not affected by the monetary policy of any country's government.

[Hispo]

Another thing I can think of, about surviving hyperinflation in a developing country is how one can save money on food by only buying high calorie food and replacing animal protein in vegetal protein, it is somethinf I have seen being done here during the worst days of hyperinflation,.when the price of goods changed every single day.
One can stop buying chicken and beef, replacing it with beans and maize; sugar can also be expensive in times of inflation, specially if ones country is not a producing entity of sugar cane, so instead getting energy or calories out of sugar, one can instead stop adding it to food and consume extra rations of rice or maize, it also helps to decrease the chances of getting lingering health problems in the future, like diabetes, and I can assure you, medical attention and drugs as insulin can be pretty expensive in inflationary economies.
If possible, I would also suggest to use alternatives for transportation, like riding a bicycle, instead using a car, it saves fuel in short distance travels to the supermarket or market. Any little thing one can do in order to save money helps to survive in high inflation

[Barikui1]

To me the best way to safeguard your finances during hyper inflation is to hold your money in anything that appreciate in value overtime, it can be either gold land or Bitcoin, at that time of hyper inflation, refuse the urge of holding any fiat, in order to protect your finances.

But if you are a business person, to safeguard your finances is very important, so as to stay in the business, what you have to do is to hold all your money in goods,  by stocking your shop with a lot of goods, so that if the price of goods are increasing, you would only sell at the current market price not the former market price.

[blckhawk]

Just invest about 65% of what I earn in bitcoin and the rest for bills and other leisure stuff and I'm all good and safe for the hyperinflation that will happen in the country, hell even now, my country is still experiencing inflation although it's a small rate of inflation, it's still a constant thing that's continuously increasing monthly so basically, most food products and a lot of the basic services that was affordable is already concerning to spend at whenever the opportunity presents. I'm planning on upping my percentage of investment in bitcoin because I feel like there's bound to be something big that's going to happen to bitcoin soon and I don't want to miss out on that in case it happens.

[moneystery]

With the rise of inflation in my country, I would rather invest in crypto than any of the above listed by you. In this period, although I haven’t invested in any other assets asides from crypto and I have gained and not too affected by the inflation because of how the value of my assets in crypto is rising against my country’s currency. This has only given me the opportunity to still get the same quantity of goods with the percentage of my income reserved for that purpose every time I want to buy but it hasn’t really helped me become richer than I was before. I love saving in crypto (stable coins)  than in fiat because of the depreciation of the fiat currency in respect to the stable currencies.

what you do might make your country's economic condition worse, but i would probably do the same thing if hyperinflation happened in my country, because the most important thing for me is to save my wealth first. but compared to saving it in stablecoins, i prefer to save my wealth in bitcoin, then some in stablecoins. because bitcoin has the opportunity to increase in value and that can make me profit amidst the hyperinflation that is happening and that might help my finances.

[boyptc]

People tell save, invest, etc. during an hyperinflation. I haven't experienced that but in those times I can say that cash and cashflow is king.

That means to say to increase your source of income and that is what you have to do. Take as many hustles and side incomes that you can.

Be it from another investment, business, part time job or anything to make your cash flow more active and higher to survive this type of economic status.

[bettercrypto]

What I'm doing right now is investing in real estate—not even a big lot, but at least a farm lot that can grow vegetables, fruits, and livestock like chickens and pigs. It's only what we can afford to buy; after all, we are the ones who know our capabilities in these types of investments.

Small businesses like the mass food industry can also be done because this type of business is a necessity for people. And people will really look for food wherever they go.

[sekalitas]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

During hyperinflation, to minimize cash holdings and preserve purchasing power, I would prioritize spending remaining cash quickly on essential goods and services before their prices rise further. I would then continuously invest excess cash into assets like cryptocurrencies, stable foreign currencies, and hard assets like gold.

[niall51]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

For me personally, so that my wealth is not affected by inflation, I will buy Bitcoin, most of my assets, buy gold too and buy valuable luxury watches because they are easy to carry everywhere, I will not save money in cash, we know fiat every year. If hyperinflation occurs, many of our assets are in the form of cash, then the value of our money will definitely decrease

[Hamphser]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

For me personally, so that my wealth is not affected by inflation, I will buy Bitcoin, most of my assets, buy gold too and buy valuable luxury watches because they are easy to carry everywhere, I will not save money in cash, we know fiat every year. If hyperinflation occurs, many of our assets are in the form of cash, then the value of our money will definitely decrease

If you are really that someone whose really that fond of saving up tons of cash in your bank account then you wont really be that exempted into that inflation.Whereas compared into those people who had
make use of those amounts to put up on investments or businesses for them to counter that inflation on which it do becomes even more worst year by year. If you dont have that kind of thinking
about into yourself then you would really be just that basically putting up yourself into problems considering that inflation would hits your hard if you do keep on storing up those cash.

Survival would really be just that depending on how well you do handle yourself on such condition or situation on which not all would really be mindful about their actions.
If you do miss out on taking up some actions then this is the only time that you would really be able to feel the effects.

[Bloodseekers]

If you are really that someone whose really that fond of saving up tons of cash in your bank account then you wont really be that exempted into that inflation.Whereas compared into those people who had
make use of those amounts to put up on investments or businesses for them to counter that inflation on which it do becomes even more worst year by year. If you dont have that kind of thinking
about into yourself then you would really be just that basically putting up yourself into problems considering that inflation would hits your hard if you do keep on storing up those cash.

Survival would really be just that depending on how well you do handle yourself on such condition or situation on which not all would really be mindful about their actions.
If you do miss out on taking up some actions then this is the only time that you would really be able to feel the effects.

Saving is not the right choice if we are aware that inflation will occur which will make the savings we have lose the value of what we have collected and is very different from someone who has decided to invest and they can run their investments well so that this will very good for their financial preparation in the future.

Yes, of course if we want financial stability then we have to be able to handle situations for their survival and for those who have prepared well of course they will be able to easily face various kinds of situations including hyperinflation which everyone will find difficult if they don't. prepare anything that can make them survive in that situation.

[Churchillvv]

Which ever anyone chooses to invest in is a good one but perhaps we are in BTT, what are you expecting? I would chose to invest in Bitcoin, for over years now there has been no asset that performed like Bitcoin and it's a good ground to say that Bitcoin is the best option.

Gold is good but I wouldn't buy gold for some reason because of my geographical location.

I would also go for house-hold (real estate investment) but that requires a lot of capital which means it's more of the rich only and my little more falls in between gold and Bitcoin so I prefer to go for Bitcoin.

[CageMabok]

For me personally, so that my wealth is not affected by inflation, I will buy Bitcoin, most of my assets, buy gold too and buy valuable luxury watches because they are easy to carry everywhere, I will not save money in cash, we know fiat every year. If hyperinflation occurs, many of our assets are in the form of cash, then the value of our money will definitely decrease

It would be better if you replaced your luxury watch option with earth or other precious metals such as silver. Because Bitcoin and Gold have indeed become two assets that are very commonly relied on by everyone at the moment in terms of avoiding hyperinflation, but for luxury watches I think they will only be bought by people who already know watches, not by everyone because Some people still think why wear a luxury watch if a cheap watch can still show the same time as a luxury watch.

[Fortify]

How do you strategically navigate hyperinflation to safeguard your financial well-being?

Would you invest on crypto, stocks or household when the cash is not the king?

What is your example? Many countries will never experience anything close to hyper inflation, if you compare it to the very worst examples that have happened in the past - notably Zimbabwe. It depends what your cutoff or definition of hyper inflation actually is in order to give a fair comment. Many major economies are seeing things like 10% inflation, which to them is highly unnatural but others are seeing 50%+ rises per year which is heavily damaging and destabilizing. It can also heavily depend on how much slack your economy has built in, whether your citizens are already quite poor and barely managing, or if you have a wealthy base that can weather a year or two of inflated prices - but not with the expectation they'll come back down.