Post
Topic
Board Speculation
Re: how many Bitcoin do you need to live comfy in event of hyperinflation?
by
deisik
on 25/10/2020, 09:09:33 UTC
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 circumstances, 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

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 using it (in the sense having to use it)