Is it better to borrow cash using BTC as collateral, or just to sell BTC?
In terms of the taxes in the US.
Selling makes income, income have to be declared and paid taxes of it.
Borrowing means no income = no taxes.
Is it right?
Thanks for answering.
Borrowing means interest payments. Taxes have to be paid in any case, when you eventually sell your bitcoins. It is something which cannot be avoided. So work out the math and see if you would like to pay taxes now or later.