Most of us trigger a capital gains tax event when we sell any of our Bitcoin for profits. In my country we pay 20% on profits over a small figure. There are many countries that don’t charge any tax at all though on Bitcoin sales.
There’s a list of 16 of the best countries in the world for Bitcoin here
https://tokentax.co/blog/crypto-tax-free-countries20% is a very high tax for bitcoin sales, because in my country the government here will only charge 1% for each transaction, be it sales or purchases, and it will go directly to the individual tax report. indeed, over time, bitcoin trading is increasingly taxed by the government, and it seems more unfair in some countries that impose excessive taxes on traders. but as bitcoin users we can only submit to these regulations because we also need to exchange bitcoins into our local currency.