Btc loan repayment

This is hypothetical but say I'm looking to sell some btc to buy something , would it be possible to get a loan against 1 btc using 1.5btc (50%ltv)collateral then let the loan company liquidate the 1btc and return my 0.5btc thus not creating a taxable event…or..i just thought of this.. Say I borrow against 1btc using 1.5btc, buy the "thing" then make repayments on the loan by selling little bits of another btc for each payment untill the loan is complete? Completely hypothetical as I said but I'm just trying to get my head around how it works and how I can make payments along with my expenses without having to work more instead of less to afford a nice "thing".

submitted by /u/Fredwestbuilders
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