Imagine getting a bitcoin backed loan

Getting margin called

Adding more bitcoin

Getting liquidated

Forced to sell

Not only do you end up with less bitcoin your loan is toast and guess what you still gotta pay that cap gains tax that you were trying to avoid

Smarter

Spend the Bitcoin when you need to

Have an emergency fund so you don’t need to borrow

Sell it p2p

-Hodl Hod

-Bisq

-Robosats

-Retoswap (haven’t used but looks like they do bitcoin / fiat p2p)

Keep your keys, spend what you need