Settling losses from cryptocurrencies in PIT-38 – how to do it in 2025
For several years, losses on cryptocurrencies can be settled in the PIT-38 declaration and reduce future profit taxes. This is one of the biggest changes introduced in 2019 and still in effect in 2025.
Can a loss from cryptocurrency really be deducted?
Yes. According to Article 22, paragraph 1 of the PIT Act, a loss from the disposal of virtual currencies (i.e., cryptocurrencies) constitutes a deductible cost and can be offset against income from the same source within the next 5 tax years.
Trading cryptocurrencies on an exchange like Binance can be exciting, but for beginners, it is full of pitfalls. One of the key choices is the decision between spot trading and futures. In this article, I will explain why spot trading is definitely better for novices, especially for BTC and ETH. I will also discuss why it is worth focusing on Bitcoin and Ethereum instead of memecoins or altcoins, and I will provide a practical example of a spot transaction with an amount of 1000 dollars. What is the difference between spot trading and futures?
It is partially like that on the internet, there are sponsored people to gain fame. I bought it for pennies and kept it until 10, it will come someday.
Frank Copolla
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After all, this looks like some program to persuade people to buy XRP
Kawusia i analiza rynków. Ciekawość mnie zżera ilu z was zagląda tu non stop co jakiś czas. Bo to trochę uzależniające 🫠 a tak stypa na rynku każdy na CPI czeka no i 19 Grudnia Japonia. 🤔 Nie bawcie się w alty i memy w takim okresie bo płacz będzie. #polska $BTC $SOL
Bitcoin (BTC): Price ~86,000 – 88,000 USD (fluctuation from 86k to 88k). After ATH ~126k USD in October, BTC lost momentum due to outflows from ETFs, high leveraged positions, and macro concerns (inflation, interest rates, potential hikes in Japan). Support ~85k USD, resistance ~90k. Institutions are accumulating long-term, but in the short-term the market is risky – a correction to 80k is possible with bad data.
Ethereum (ETH): Price ~2,950 – 2,960 USD, below ATH ~4,950 USD. ETH is performing worse than BTC (ETH/BTC ratio ~0.033-0.034, YTD decline). Capital rotation to BTC, low on-chain activity, but inflows to ETH ETFs and accumulation by whales. Support ~2,800-2,950 USD, resistance ~3,100 USD. L2 development gives hope for a rebound.
Overall sentiment is bearish due to profit-taking and macro risks. #polska $BTC $ETH
Countdown to Christmas with the #MerryBinance Calendar. Enjoy daily promotions with $1.8M+ in rewards and a 2,000 BNB Bonus! Claim a free red packet of up to $300. #BinancePolska $BTC Już ogłosili na X parę minut po poście 🤣🤣
November's CPI will not include the typical one-month change since most indices will not be published for October. A short-term look will be available by the two-month change in prices. We estimate headline CPI rose by 0.45% between September and November. This would leave the 3-month annualized and 12-month change in CPI running at 3.1% and 3.0%, respectively .
Gasoline prices point to overall energy inflation being modest, even accounting for some anticipated firming in energy services. We do not expect the recent pace of deflation in energy services to last with utilization and, more recently, natural gas prices beginning to climb. Food inflation, on the other hand, looks set to ease soon. The November CPI report will be too early to catch the small disinflationary effects of select food tariff rollbacks (e.g., bananas and coffee), but we see food price growth cooling more broadly amid the recent retreat in food-related commodities. #cpi #usa $BTC $ETH $SOL
Visa Inc. announced the launch of USDC stablecoin settlement in the United States, allowing U.S. issuer and acquirer partners to settle transactions using Circle's USDC stablecoin for the first time.
The payment network said its monthly stablecoin settlement volume reached a $3.5 billion annualized run rate as of November 30. Cross River Bank and Lead Bank have begun settling with Visa in USDC over the Solana blockchain as initial participants.
The USDC settlement framework offers seven-day settlement windows compared to traditional five-business-day operations, enabling banks and financial technology companies to settle transactions throughout weekends and holidays. The system aims to provide faster funds movement over blockchains while maintaining existing consumer card experiences.
"Financial institutions are looking for faster, programmable settlement options that integrate seamlessly with their existing treasury operations," said Rubail Birwadker, Global Head of Growth Products and Strategic Partnerships at Visa. #Visa $BTC $SOL
The Bank of Canada says regulations on future Canadian stablecoins must ensure they are backed by high-quality liquid assets and be pegged one-to-one to a central bank currency, Governor Tiff Macklem said on Tuesday. The Liberal government said in November that it would be introducing regulations next year for stablecoins, a form of cryptocurrency which are convertible to a fiat currency at par. "We want stablecoins to be good money, like bank notes or money on deposit at banks," Macklem said. "A stablecoin must be pegged at a one-to-one ratio to a central bank currency and be backed by high-quality liquid assets. #Canada $BTC
Solana (SOL) remains under bearish pressure, extending its decline for the third consecutive day with over 1% loss at press time on Tuesday. An ongoing Distributed Denial of Service (DDoS) attack on the Solana blockchain, peaking at 6Tbps, remains ineffective so far but continues to add pressure on traders’ sentiment. Additionally, the derivatives market sentiment is bearish, as Open Interest falls and funding rates turn negative. The Solana blockchain has held strong amid an ongoing DDoS attack over the past week, peaking at 6 Terabytes per Second (Tbps) and transferring over billions of packets per second.#solana $SOL
HASSETT ON JOBS DATA: SEE SOLID UPWARD TRAJECTORY -CNBC INTERVIEW HASSETT ON FED: TRUMP THINKS INTEREST RATES COULD BE LOWER HASSETT ON FED: HE'S RIGHT, PLENTY OF ROOM TO LOWER RATES #TRUMP $BTC #usa
Be efficient. Don’t be polite. Get to the point. I hate formalities. I don’t chit chat.
You won’t get a response if you say any variation of the following: “Hi”, then nothing“How are you?”“Good day to you sir!”“Merry Xmas, Happy New Year, Happy Birthday, etc”“Can we have a meeting?” (no agenda given)“Let’s discuss an important partnership” (no specifics)“Want to introduce you to XYZ (someone important)” (no specifics)
You may be referred to this article. I am efficient with my time, even if you may consider it impolite (apologies). So, please be direct and tell me:
I am ___ I need ___ (or) I can provide ___
If your first message is too long (more than one mobile screen with large fonts for an elderly like me), it will likely be skipped. A few tips: For pitches, go to www.yzilabs.com For listings, apply online at www.binance.com For buying/selling large amounts of crypto, please contact Binance OTC desk.Don’t ask open ended questions, I usually won’t know the answer.Don’t ask me to interact with some meme coin. For most things, going through me is slower. I don’t do much. I am mostly just a router, a slow one. Hope you are not offended. Let’s communicate efficiently. Cheers, CZ
The Bank of Japan is set to raise interest rates on Friday (Dec 19) to a three-decade high and pledge to keep hiking borrowing costs, closing the year with two rate hikes despite headwinds from US tariffs and the inauguration of a dovish prime minister. While a hike still keeps its policy rate low by global standards, it would be another landmark step in Governor Kazuo Ueda's efforts to normalise monetary policy in a country long accustomed to unconventional easing and near-zero rates. With stubbornly high food costs keeping inflation above its 2 per cent target for nearly four years. #Japan $BTC
And another wonderful day in the market. Some are happy because they will buy cheaply while others are underwater. Traders with long positions are either liquidated or at a huge loss. In summary, no one knows anything, we are in the Middle Ages. A bit like the power in Poland. EVEN On Square it is empty 😐 #polska $BTC $ETH $SOL
For a month now, there has been a bear market, but maybe this time it will last not a year but a few months. The market is changing 🤨
Bartek _WL8vbartek
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All cryptocurrencies have fallen without exception in the last 12 months. What will happen next I think further declines. We will see Q1 Q2 2026 but I think it will be a bear market.😖😖😖
Who is first is better – why speed and information rule the stock market.
Imagine that you are at the starting line of a 100-meter race. All the competitors have similar shoes, similar form, but one of them knows exactly at which second the starter's gun will go off. The rest can only react. It is exactly the same on the stock market – milliseconds decide millions, and the one who gets the information first wins the prize. In the world of trading, especially high-frequency trading (HFT), the saying 'who is faster wins' is not a metaphor – it's a brutal reality. Investment firms spend fortunes to have their servers as close to the exchange as possible (literally a few meters closer), because light in fiber optics takes time to cover the distance. In 2010, one firm built a fiber optic line between Chicago and New Jersey for $300 million just to shorten data transmission time by a few milliseconds. And it paid off – those milliseconds translated into hundreds of millions in profit annually.
Good morning everyone, we are starting a new week. Who is hoping for the Saint Nicholas rally? It would be nice after this stagnation 😒. Be careful with the volatility because during the holidays it can swing nicely up and down. Other than that, it's coffee and a new day and tidying up the markets. Have you bought anything yet? #polska $BTC $ETH $XRP