Depending on where you live, the worries over taxation can be different. In some places, you are expected to pay taxes on your cryptos, and not paying them can feel like a significant crime that a person would rather avoid committing. On the other hand, there are countries like mine where taxation in general is so lax that nobody cares about it, even with fiat money, because there's a mutual understanding in society that not paying income taxes is something so many people do that it's normalized, even though it's technically illegal.
But yeah, Bitcoin is a good currency, so I'm happy the op is giving it a shot, but it's important to be careful if cryptos are actually illegal and one can get in trouble for owning them.
Surprisingly, not paying taxes has become a norm for some people, even though its against the law. Significant socioeconomic gaps may result from this. The community as a whole suffers when taxes are not paid because vital public services may not receive enough funding. Although Bitcoin and other cryptocurrencies provide some privacy, using them is not an excuse to break the law.
Recall that just because tax evasion has become commonplace in a given country, it still doesnt make it acceptable. Despite their decentralized character, cryptocurrencies like Bitcoin shouldnt be employed as a means of facilitating this avoidance. Although its encouraging to hear favorable opinions about Bitcoin, everyone should behave sensibly and within the law.
