First let’s start with the question how can someone be in debt and still has bitcoin in his wallet, the possible answers to this is the fact the person actually invested into bitcoin without fulfilling some basic requirements which I personally think is a very wrong idea. My first cateria is the funds set aside to invest into bitcoin must be an amount the investors can make do away with for a very long term this clearly shows that borrowed funds isn’t even acceptable as an investor. Secondly the investors most also have extra funds set aside for emergency.  

All this isn’t a requirement but I personally viewed it the with this one Can easily be patient in holding. Imagine having lots of bitcoin and then still be in a heavy debt which is due. If I ever find investors like this my advice is for them to taken a hit and then liquidate some of their holdings to pay off the debt. The choice of even using it as collateral is not welcome with me because holding to it means you’re still at the verge of losing it all why not just pay off the debt and then hold the rest or start accumulating gradually again. Bitcoin is here to actually better the financial system of the world through decentralization and many more features lacking in fiat but many people treat it as though it shouldn’t be spent even when it is for a very important purpose which is a bad habit to me. Long term holding is what we all advice but when it is only bitcoin that can save you out from some difficulties then it is best you make use of it