Offsetting losses from cryptocurrencies in PIT-38 – how to do it in 2025
For several years now, losses on cryptocurrencies can be offset in the PIT-38 declaration and reduce future profit taxes. This is one of the biggest changes introduced in 2019 and still applicable in 2025.
Can the loss from cryptocurrencies really be deducted?
Yes. According to Article 22, paragraph 1 of the PIT Act, the loss from the disposal of virtual currencies (i.e., cryptocurrencies) constitutes a cost of acquiring income and can be offset against income from the same source within the next 5 tax years.
Solana plans to introduce Alpenglow, a consensus protocol that improves speed and security. It should also complete its Firedancer upgrade.
Since its launch in 2020, Solana (SOL0.44%) has stood out from other programmable blockchains for its performance. Transactions process in seconds, and transaction fees are well under $0.01.
Successful blockchains are constantly evolving. This year is shaping up to be a big one for Solana, as there are two major technical upgrades scheduled. The first is Alpenglow, a new consensus protocol to replace its current system of validating transactions. Transaction finalization takes about 12 to 13 seconds, for starters. With Alpenglow, it will drop to as low as 100-150 milliseconds.
Alpenglow also improves the network's security. It provides "20+20" resilience, meaning the network remains safe even if 20% of the validation nodes act maliciously and another 20% are offline. In addition, Solana will release the full version of its Firedancer validator client software. Firedancer could drastically improve Solana's transaction processing, as it handled up to 1 million transactions per second (tps) in testing. It's also more bug-resistant than the previous validator client, Agave. Firedancer breaks each validator's task into separate tiles, which keeps issues contained. If there's a bug, the validator can simply restart that tile. Solana also runs a bug bounty program for Firedancer, offering bounties of up to $500,000.
Solana is currently running a hybrid software with elements of Firedancer and Agave, known as Frankendancer. The full release is expected later this year.
Solana and most major cryptocurrencies have declined significantly recently. Downturns come with the territory when investing in crypto, and it's important to look at technological developments rather than just price movements. While Solana may not have had a poor start to the year from a price perspective, its upgrades should make it a faster, more secure blockchain and attract more users to its ecosystem #sol $SOL
Do you see any new projects in the next cycle from the currently starting ones? And if so, why? Finding the next x20 could be a home run. #polska $ETH $BTC
Goldman Sachs’ reported Bitcoin holdings have fallen by 45% since its last regulatory filing, a decline driven almost entirely by Bitcoin’s price drop. Based on fourth-quarter 2025 Form 13F disclosures, Goldman Sachs holds indirect exposure to approximately 13,741 Bitcoin through spot Bitcoin exchange-traded funds (ETFs). At the time of the filing, those holdings were valued at about $1.71 billion, reflecting Bitcoin prices near cycle highs late last year. At today’s Bitcoin price of roughly $68,700, the same exposure is now worth about $944 million, implying a decline of approximately $766 million. #news $BTC
*China urges banks to curb US treasuries exposure on market risk. *Crypto.com co-founder and CEO Kris Marszalek acquired the AI.com domain for approximately $70 million in cryptocurrency and plans to launch a consumer AI platform under the brand. Marszalek announced the purchase on X on Feb. 6, writing that he bought the domain in April 2025 and has been building a team since. The domain had been listed for sale with a $100 million asking price in March 2025. Marszalek paid $70 million for the domain, according to a LinkedIn post from broker Larry Fischer, in what is believed to be the largest domain name transaction to date. The seller was identified as Arsyan Ismail. #news $ETH
Crypto firm accidentally sends $44 billion in bitcoins to users. South Korean cryptocurrency exchange Bithumb said on Saturday it had accidentally given away more than $40 billion worth of bitcoins to customers as promotional rewards, triggering a sharp selloff on the exchange. Bithumb apologised for the mistake, which took place on Friday, and said it had recovered 99.7% of the 620,000 bitcoins, worth about $44 billion at current prices. It had restricted trading and withdrawals for the 695 affected customers within 35 minutes of the erroneous distribution on Friday. #news $BTC
Before you buy anything, think twice. Never enter a position when you’re caught up in emotions. First , figure out how much you can afford to lose. Keep educating yourself.
Binance Angels
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Hello everyone! We have nice drops – don't treat this as a tragedy, but as an opportunity, especially if you bought higher and didn't cut off along the way.
Average your positions. Don't let yourself be convinced that you can find the perfect bottom, because it's simply impossible.
Think about what project you are buying and whether it realistically has a chance to grow significantly in a bull market, or if it's just a gamble. That's why I always say: the main projects, namely BTC, ETH, SOL.
Personally, when buying SOL at $100, I know I won't sell below $250. If it drops to $50, I will buy more. In the meantime, I will regularly buy BTC – it should be the main part of my portfolio.
Whether I buy BTC for $70,000, then buy more for $66,000, and later for $74,000 – it changes nothing at all. At most, I'll earn a little less.
People who are constantly looking for the perfect bottom and will always criticize others – most often they never buy themselves.
Stick to your plan, don't listen to the "wise men from Twitter." If you set a specific exit price/strategy – stick to it and DCA.
Surely I will soon start shopping too, and I kindly ask the people commenting here for a ticker on btc/ETH in their next post. When the time comes, I will find it. Best regards.
Mota_Polska
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Are these drops really stressful? (edit: If you are heavily underwater, you won't really do anything, as there was a recent low rebound and if you are playing long-term, it doesn't matter much you will simply earn less) #polska $ETH $BTC
Are these drops really stressful? (edit: If you are heavily underwater, you won't really do anything, as there was a recent low rebound and if you are playing long-term, it doesn't matter much you will simply earn less) #polska $ETH $BTC
BTC has been stuck in the same channel for two months – practically zero action. And it is unlikely to change in the near future, as all the capital is currently flowing into metals. The market is uncertain, most are sitting on stablecoins and waiting for declines, and there is practically no new money in sight. There is currently no hope on the horizon 😒.
Enjoy the charms of the exchange and stacking 😎 Best regards. #polska $BTC