The one thing I still don't get about crypto and Tax

[Fullcoinese]

I'm not sure it happens in your country. but when the government starts imposing taxes regarding the ownership of crypto assets in a country, of course, they have carried out regulations and supervision of assets and trading platforms.
if the loss is related to a platform that has been guaranteed by an institution in your country, I'm sure there will be a process for recovering funds. but if the loss occurs on a platform that is not recommended by the relevant state institution, of course, that will not make the government pay attention to it. and that also applies to several other assets.
the government must have given warnings regarding the risks of trading and owning crypto assets. it deals with the highly volatile crypto market.

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[Woodie]

The government warned all crypto investors, both new investors and old investors about how fraud cases are increasing in crypto space

These hypocrites, yet corruption and all wrong doings happen with the aid of fiat, and these guys still point at crypto smh.

yet many do not care and they lose money but some made a lot of money and some even made life changing money..

Their money, their rules and I thought these guys said bitcoin isn't real... Wonder what happened for them to have a change of mind

Yet till this day crypto still remain unregulated.

Crypto is very difficult to regulate to be honest , you might have the laws and all but if the people choose not to abide it.. will not happen! Besides people are under financial stress with all these taxes and all, and they get to learn about bitcoin were no one any forcibly get a dime from you unless hacked of course. Bitcoin, real freedom to the people.

But why the hell are the government taxing people on their profits when they aren't ready to take responsibility for their losses to fraud and theft?  Why the hell are they using the word " its unregulated " as an excuse but still take money from people?

It's easier to take than give & I suppose and the government know it to. And btw taking responsibility for people's losses can be a very expensive undertaking hence putting a blind eye to this.

[Getmon]

Cryptocurrencies already have rules, but they vary from one government to the next. Additionally, there are nations that are planning to regulate crypto currencies in their own regions but have not yet done so. About the taxes, every governments implement them. It sound unfair because governments will not help us if we lose money, but if we win even a small amount, they always want a piece of it. We can only wish that the money they took from us will be put to good use.

Do not convert cryptos into paper money if you want to avoid crypto taxation. Alternately, you can convert it into paper money using the peer-to-peer method.

[Outhue]

Only countries where crypto is banned are not going to require tax payment from their citizens, in my own country I believe the reason why the crypto ban was lifted is because of the benefits of tax payment that comes with it, government do not joke with tax payment and it is important to them than regulations, my advice to you OP is, do not try to evade tax payment because you won't like the consequences.