The additional benefit here is with a loan there is no tax event, a major advantage over selling.

Is this a long term solution? Or do you plan on selling Bitcoin to pay back the loan when you think we are near the top?

As long as there's no bugs in the smart contract, I don't plan on ever paying down that debt, since I expect the value of BTC to rise much faster than the value of my debt. My liquidation price is very low and if it were to reach that, it would mean a catastrophe anyways.