26.53 BTC. No more, no less.
Basis? It would be indeed a huge amount but hyperinflation is not a short term problem. Also, there is a tendency for hyperinflation to affect the market price of crypto since it has to be converted to fiat in order to be used on purchasing goods. But to as how I understand hyperinflation, it alters the value of a currency ;worst is that a currency could be worthless, pushing you to move to other currency. But the problem would be exchanger. Who will exchange a currency to another currency having no value at all? for an instance. That is when problems would arise. Bitcoin can be converted to fiat of other countries but to how will you exchnge it during hyperinflation and benefit from it? It is not only devaluing of a currency but the situation itself wherein it will be hard to live a life despite of the huge amount you are having in ligh with a tough situation. 
Topic: how many Bitcoin do you need to live comfy in event of hyperinflation? - page 3. (Read 843 times)
October 26, 2020, 01:15:47 PM
October 26, 2020, 12:28:28 PM
It is not about bitcoin only, hyper inflation is something that could ruin anyone and I mean anyone, we are in a world where if you live in a country like Venezuela for example, you are going to end up not living very well no matter how much money you have. Of course, some people with "power" could get out and power could be bought with bitcoin or usually just wealth in simple terms but if you are rich yet not powerful it doesn't matter how much money you have.
For example you have 10 million dollars worth of money and you live in Venezuela before the hyperinflation happened and just as it happened you go out and there are no food, no drink no nothing at all which would basically mean you are living like the poor people because your money is not buying anything in the end anyway.
For example you have 10 million dollars worth of money and you live in Venezuela before the hyperinflation happened and just as it happened you go out and there are no food, no drink no nothing at all which would basically mean you are living like the poor people because your money is not buying anything in the end anyway.
October 25, 2020, 02:27:03 PM
26.53 BTC. No more, no less.
October 25, 2020, 02:07:03 PM
It won't be enough if you are living in that country with hyperinflation.
Imagine exchanging 1 BTC for 100 million paper currency of that country without even having much of a value.
I think you are confused here.
Is this how you want it?
BTC to USD then USD to your country currency. Still not a win if you are buying everything for triple the price.
Imagine exchanging 1 BTC for 100 million paper currency of that country without even having much of a value.
I think you are confused here.
Is this how you want it?
BTC to USD then USD to your country currency. Still not a win if you are buying everything for triple the price.
October 25, 2020, 01:14:38 PM
I've said it before. The scenario of total doom and destruction for the global economy and US dollar doesn't actually work for me. What's the point of having $1 million Bitcoin if US dollar experiences 1000% inflation, right? Haha
You may want to read this article (don't worry it's mine and makes an easy reading)
In essence, if there are good cryptocurrency payment cards freely and easily available across the world, the major cryptocurrencies, i.e. the ones used for payment, will stop being intrinsically valued in the US dollar and become means of payment of their own (we discussed that before). So the case of complete doom and gloom for the dollar may be a silver lining for cryptocurrencies. In fact, that may be their prime time and the best opportunity ever to take over fiat for real
I mean, $100k bitcoin in a couple of years feels nice. But I'd like to be able to still buy $100k value of today when that happens!
In that case, you won't care how much the dollar will be worth in bitcoins
October 25, 2020, 09:55:56 AM
how many Bitcoin do you need to live comfy in event of hyperinflation?
You dont need any. All that you need to fight hyperinflation is access to Bitcoin any moment. As soon as you get hyper inflating currency you change it to Bitcoin. You dont work to be paid in few months time. You want pay immediately. You try to take a loan and buy Bitcoin so you will pay that loan back in hyper inflating currency and will cost you nothing. Hyper inflation is also an opportunity. Just like anything else in life.
Have you lived in a country with hyper inflation before? Then how do you know its possible to get a loan? Most likely banks aren't dumb and will either freeze any loans or they will charge HUGE interest rates. Basically the interest rate will be higher than the hyperinflation. So high that people will not be taking in any loans.
I don't think there are any positive opportunites with inflation. Sure you can over-charge for everything but what is the point since the money will be useless anyways. Hyper inflation and corrupt countries cause alot of hardship and poverty and is never a good thing.
Yes I did. It goes exactly as I wrote. Of course for short time a year or so inflation was even few 100% a month. So people when got salary went to bank and took out all money in cash. That was in late 80ties so cash was widely used. And outside of bank there was a guy that exchanged their whole salary into other currency. You of course was not able to exchange that inside bank. Or you could only to some limit. For sure not whole salary. That exchange guy was standing in front of bank totally safe. What he was doing was illegal, but there was no one to hunt him. Police officer also had to exchange his salary somewhere. If he would put that guy in jail then he could not be able to do it. Loans are usually taken for long term. 10 years or even more. No bank can predict in the future that long. Last payoffs were so low that bank clerk asked my mom if she would like to pay off for last few years at once. Since was so little.
There are opportunities in anything. When Bitcoin was $3000 at early 2019 most people here was crying, for me that was opportunity.
October 25, 2020, 09:46:05 AM
I've said it before. The scenario of total doom and destruction for the global economy and US dollar doesn't actually work for me. What's the point of having $1 million Bitcoin if US dollar experiences 1000% inflation, right? Haha.
I mean, $100k bitcoin in a couple of years feels nice. But I'd like to be able to still buy $100k value of today when that happens!
I mean, $100k bitcoin in a couple of years feels nice. But I'd like to be able to still buy $100k value of today when that happens!
October 25, 2020, 08:10:08 AM
how many Bitcoin do you need to live comfy in the event of hyperinflation? is 1 BTC enough?
hyperinflation for nocoiners
hyperdeflation for bitcoiners
I don't need Bitcoin in that kind of living time,I would choose to have a small farm with fruits,veges and animals than having Bitcoin.hyperinflation for nocoiners
hyperdeflation for bitcoiners
maybe i will consider that 1btc you mentioned to convert in fiat and buy land now before that Hyperinflation happens.
Somewhere between 2.718 and 3.141 btc should do it.
seriously?lol 
October 25, 2020, 07:28:29 AM
How many Bitcoin do you need to live comfy in the event of hyperinflation? is 1 BTC enough?
hyperinflation for nocoiners
hyperdeflation for bitcoiners
Want a normal answer? I cant lived comfy with simply 1 btc. Yes this is my honest opinion cause its value on our local currency can be spend within less than a year considering the inflation that could happened. Its big but considering all factors on the expenses for me its not enough especially the way on how I live and spend.hyperinflation for nocoiners
hyperdeflation for bitcoiners
If you are talking about a fair holdings of btc then I could say 5btc to 10 btc would do. Anyway thats my estimation only.
October 25, 2020, 04:09:33 AM
You dont need any. All that you need to fight hyperinflation is access to Bitcoin any moment. As soon as you get hyper inflating currency you change it to Bitcoin. You dont work to be paid in few months time. You want pay immediately. You try to take a loan and buy Bitcoin so you will pay that loan back in hyper inflating currency and will cost you nothing
Hyperinflation is way more complicated than that
You seem to assume that hyperinflation is just about prices rising fast and strong while everything else remains more or less normal. In real life, however, hyperinflation is an outcome of what could be called an economic collapse. Put differently, only a tiny percentage of the general population will be able to ride hyperinflation in a meaningful way as you see it. It is not about "you want pay immediately" as it is more about "whether I'll be paid anything at all"
Hyper inflation is also an opportunity. Just like anything else in life
The difference, though, is whether it is an opportunity for you personally, i.e. whether you can take advantage of it. Hyperinflation is best for those printing money, not those using it (more in the sense of having to use it)
October 25, 2020, 03:53:55 AM
Somewhere between 2.718 and 3.141 btc should do it.
October 25, 2020, 03:03:14 AM
how many Bitcoin do you need to live comfy in the event of hyperinflation? is 1 BTC enough?
hyperinflation for nocoiners
hyperdeflation for bitcoiners
it is not bitcoin that what you want instead the value in Fiat,Bitcoin won't feed you in Hyperinflation instead you need foods and with that happening the value of foods will surely increase and the value of Bitcoin will fell down.hyperinflation for nocoiners
hyperdeflation for bitcoiners
if you are afraid of Hyperinflation then better convert that 1btc now and just let funds stay with you because what you want here is double
favor,you wanted to Hold Bitcoin to increase the value but you did not anticipate that in that time Bitcoin will surely not the best thing to save you.
October 25, 2020, 02:05:38 AM
how many Bitcoin do you need to live comfy in the event of hyperinflation? is 1 BTC enough?
hyperinflation for nocoiners
hyperdeflation for bitcoiners
One bitcoin is not going to be enough, and no matter how much bitcoin you have the hyperinflation is not going to alter the value of the products you are going to buy, it only alters the fiat price and the bitcoin price also will increase not the product decrease so it is going to nullify the value of rising in terms of fiat. hyperinflation for nocoiners
hyperdeflation for bitcoiners
October 25, 2020, 12:52:27 AM
Yes, it indeed depends on someone's lifestyle. If you live a minimalist lifestyle and tending your own garden, you don't need much money to become a self-sufficient individual. And that is one of my goals in the future as I don't have my own garden right now. We can live simply and happy at the same time. So my answer is not big amount of btc.
If someone's lifestyle is too high, he will not feel satisfied with what he got because he will feel that he needs to have more. But we can try to get as many bitcoin as we can, but that will not be easy because we need to realize that every way we use will not always give us the bitcoin.
But yes, I agree that we can live simply and feel happy at the same time because as long as we can feel our daily needs without a problem, that will be enough for us. If we can get many bitcoin, we should be grateful.
October 24, 2020, 11:40:32 PM
how many Bitcoin do you need to live comfy in event of hyperinflation?
You dont need any. All that you need to fight hyperinflation is access to Bitcoin any moment. As soon as you get hyper inflating currency you change it to Bitcoin. You dont work to be paid in few months time. You want pay immediately. You try to take a loan and buy Bitcoin so you will pay that loan back in hyper inflating currency and will cost you nothing. Hyper inflation is also an opportunity. Just like anything else in life.
Have you lived in a country with hyper inflation before? Then how do you know its possible to get a loan? Most likely banks aren't dumb and will either freeze any loans or they will charge HUGE interest rates. Basically the interest rate will be higher than the hyperinflation. So high that people will not be taking in any loans.
I don't think there are any positive opportunites with inflation. Sure you can over-charge for everything but what is the point since the money will be useless anyways. Hyper inflation and corrupt countries cause alot of hardship and poverty and is never a good thing.
October 24, 2020, 07:31:49 PM
Will depend on whats your lifestyle is, no matter how big the amount is if your into leisure and spending too much, you will be out of money fast but if you'll be able to budget it, create a business or plant your own farm with vegetables or have livestock it will help in sustaining your living with guarantee that you will not lose food during the crisis. It's proven during this Pandemic that many relies on their garden and plants as its quarantine and fear of being outside and the market is limited so their only source is to eat and cook their own vegetables for food to have a meal to eat.
Yes, it indeed depends on someone's lifestyle. If you live a minimalist lifestyle and tending your own garden, you don't need much money to become a self-sufficient individual. And that is one of my goals in the future as I don't have my own garden right now. We can live simply and happy at the same time. So my answer is not big amount of btc.
October 24, 2020, 06:53:55 PM
Will depend on whats your lifestyle is, no matter how big the amount is if your into leisure and spending too much, you will be out of money fast but if you'll be able to budget it, create a business or plant your own farm with vegetables or have livestock it will help in sustaining your living with guarantee that you will not lose food during the crisis. It's proven during this Pandemic that many relies on their garden and plants as its quarantine and fear of being outside and the market is limited so their only source is to eat and cook their own vegetables for food to have a meal to eat.
October 24, 2020, 06:46:11 PM
As the market continues to fluctuate, we don't know how many bitcoin we will need if a hyperinflationary situation occurs. If bitcoin price is $10,000 then I think 1 bitcoin is enough, but if bitcoin price $1,000 I think we should have more bitcoin to live comfortably. Simple enough.
Yeah, I also agree that it all depends on every countries value of money so we can't tell exactly how much Bitcoin do we need in order to live comfortably during the inflation. Having 1 BTC might not be enough IMO since not every countries suffer from hyperinflation but if you are in a country that suffer from it. Then, that wouldn't fix everything with just 1 BTC since Bitcoin is not really associated with fiat, it will depend on the market fluctuation. So, it all depends on the market fluctuation.
Agree with you.
October 24, 2020, 04:14:21 PM
This is subjective, and I think we can used Venezuela for example here, the value of their bolivars or shall we shall there is no value already, how much is 1 Venezuelan Bolivar to USD? It's like 1 million is to $2, so that's hyperinflation for you. So think how much BTC should Venezuelan own in consider to live in their country? Yes, there could be numbers but we can't totally say if not will suffice for today or in the next future as hyperinflation continue to erode their local currency.
October 24, 2020, 03:54:11 PM
I'm not sure how useful it is to say a fixed number of bitcoins. Bitcoin doesn't produce a return, so you would need to rely on selling it to have a consistent income. It's also very volatile, so you're never sure if you will wake up one morning and find it has lost 99% of its value for a weird reason (like some sort of exploit being found). You'd be much better off spreading your investments out across lots of assets to really be comfortable - like property, gold, stocks. Bitcoin is not something you can eat or a place you can live.
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