How to survive hyperinflation?

[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.