I agree I do all of this because of fiat hell we live in. But it's not about price per say. If you covert all your income/savings into bitcoin, every sell (I mean significant enough) is a tax event. Coverting bitcoin back to fiat has a transactional price. Around 5% + 15% (in my country) on income tax. So it's usually better to just borrow fiat, pay the debt with fiat. But it's not a laverged trade for me.

That make more sense to me. If that's the reasoning I can't say anything bad about it. You're doing this because the state is in your way of healthy financial practice so you have to do this shenanigan. My problem is more when people sell them as a way to spend without spending their money because they fear of missing out on NGU.

ok, that's just wrong. Laverage is indeed stupid.

Well not necessarily. Not all leverage is bad always. If I use my house as collateral to get a loan and start a business I am going leverage to bet on myself. This can be good. Tho if I use this loan to bet on the chart of the sp500 it is very bad leverage.

That was bad phrasing from my side. I agree. You need to know why and what for you risk your collateral.