not exactly. anyone with balls and good credit can increase the limits on the credit cards and simultaneously take out personal loans as big as they can and ape the fuck out of bitcoin with all of it, and simply never pay anything to the banks or credit card companies.

Your credit will go to shit, but you can continue to work/earn money and use debit cards for fiat payments from that point on while you hold your new huge stack of bitcoin. Your credit cards would be maxed out so moving forward it's cash, debit, or bitcoin if accepted.

And it's not immoral or stealing because the credit is created out of thin air from YOUR promissory note (you are the true creditor), the system is deceitful scam that people don't understand at all.

Most plebs could multiply the size of their stacks if they had the balls to do this.

To top it off if they have the time to study how to write a conditional acceptance and send that to the banks and credit card companies and/or debt collectors they would be protected from any possible lawsuits that could arise from debt collectors.

Futhermore - what's more valuable: having a perfect credit score, which resets after 7 years anyway if you do this, or stacking multiple full bitcoins using that credit score by blowing up some credit cards and personal loans? You wouldn't be able to get any further/new loans afterwards, unless you can get the stuff off your credit report somehow, but who cares? You just stacked generational wealth. Rent for a few years if you can't get a mortgage until your credit resets. You shouldn't be buying real estate with bitcoin at these prices anyway.