How to survive hyperinflation?

[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.