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[castbound castboundoski]

We all know what happened to some websites where people used to spend bitcoins for black market. People started buying and selling there only to remain anonymous..

The real question is : How anonymous are the transactions regardless if they are for white market or black market ?

 

[castbound castboundoski]

china didn't banned bitcoin 100% . So it is not illegal like in Ecuador or Bolivia. If you live in China you still can use bitcoin ,you still can trade/exchange it, you still can buy it or sell it, you still can mine it. Crypto currency exchangers and ICOs are banned . If you are chinese you can move to another online exchanger websites .
Imagine chicken farms are banned in a country but it is still legal to eat chicken in restaurants ; so what to do ? Import chicken Same for this bitcoin problem, you can move to a foreign exchanger. I think already some chinese traders or rich in bitcoin people has already moved their assets to foreign exchangers and they are back in business , that would explain the recovering of the bitcoin price.
This exchangers' ban might be a temporary halt activity (might take 6 months or 1 year or 2 years who knows) until some laws will be created to tax and track bitcoin more easily in China. Bitcoin increased to fast in price and governments doesn't have experts to make laws for it. Japan adopted bitcoin but is still learning this technology. If you walk on streets on a japan city right now, you're lucky if you find a shop accepting bitcoin.
Something similar happened to Coinbase when the american authorities requested personal data of the U.S. citizen users which are trading bitcoin, to pay taxes. But Coinbase didnt got forced shut down .
Keep in mind : It is better for a country to tax bitcoin than banning it completely.



Other cryptocurrencies markets are to small, insignificant , therefore criminal activities or tax evasion is to small,and it not worth it to waste time and resources to start a hunt targeted for altcoins. But remember bitcoin is not banned in china only exchanger websites, owning bitcoin in china is still legal.

https://www.nytimes.com/2017/09/14/business/china-bitcoin-exchange.html

This explains why the price went up all of a sudden . I didn't think of this before, but you made it more clear. Its like the price went down and back up again because of people from China being smart and moving to foreign exchanges. You also provided an amazing explanation with the chickens. Thank you.

 

[tusziget]

This explains why the price went up all of a sudden . I didn't think of this before, but you made it more clear. Its like the price went down and back up again because of people from China being smart and moving to foreign exchanges. You also provided an amazing explanation with the chickens. Thank you.

Yes,now I understood completely the whole thing about China banning the Bitcoin.So,people from China still using them.So,I understand now all the fluctuation around the price of the Bitcoin.

 

[anorona]

Bitcoin transaction is really anonymous, it can be used without knowing your identity, and for me it is on of the advantage to protect your account too.

 

[tusziget]

Yes,you might be right about it.Though,I have read on some sites,that Bitcoin transactions are not so anonymous,that it may seem...I have read,that there are some soft wares,that can track down the Bitcoin owners.I don't know the truth is about this...

 

[borke]

There is a relly informativ article in wikipedia regarding this issue : https://en.bitcoin.it/wiki/Anonymity

The main point is: You can always track the way of bitcoins. As soon as a govermental authority can disclose one of the addresses, they may follow the path from transaction to transction. If you don't take care to activly cover your tracks, the may identify you.

 

[tusziget]

Yes,I have read something similar things about how they can track down Bitcoin transactions.But I think,mostly people with huge amount of Bitcoins transactions are followed sometimes.Who knows?These are only presumptions,I think we cannot know this for sure.

 

[overcast]

Bitcoin transaction is really anonymous, it can be used without knowing your identity, and for me it is on of the advantage to protect your account too.

Not completely the way blockchain for bitcoin works. it can still be tracked. and it can lead you to last possible transaction from the address. so that's something does not makes it anonymous. and it can be really hard to use it if you want it for discrete use. and for that reason alone I'd say transactions shoould be with monero. that is the currency that seems to be much more secure as well. and that's something we can use along with few others.

 

[Yugocean]

Every bitcoin transaction is pseudonymous, not anonymous. As far as I understand it, your pseudonym is the address to which you use to send and receive bitcoins. It do not involves personally information. However all involvings are stored in the blockchain.

 

[anorona]

Not completely the way blockchain for bitcoin works. it can still be tracked. and it can lead you to last possible transaction from the address. so that's something does not makes it anonymous. and it can be really hard to use it if you want it for discrete use. and for that reason alone I'd say transactions shoould be with monero. that is the currency that seems to be much more secure as well. and that's something we can use along with few others.

You mean, for transactions on blockchain, your identity will appear to the receiver or the sender? They can tract or know your details by just them knowing your btc address?

 

[Yugocean]

No identity of receiver or sender will be known unless they themselves tell each other. It is pseudonymous (an address) and simple different address are used for different transections. You can find a long charecter mixed word as your address while you do transection, only this will be known.

 

[Micheal joe]

We can irreverse any transaction also,its not 100% '-i think its only 99% anonymous as anybody can track your ip from where btc send means who is sender !!,its has increased criminality a lot ;thankx!!...

 

[anorona]

We can irreverse any transaction also,its not 100% '-i think its only 99% anonymous as anybody can track your ip from where btc send means who is sender !!,its has increased criminality a lot ;thankx!!...

Well, through ip yes it could be tracked, but then one can even use vpn and manipulate the ip or
change their country location, so by this means one can be anonymous.

 

[borke]

The easiest way how you can loose anonymity is if you buy something in an online shop and have to give away your address for the packet. From that point on your sending bitcoin address has lost anonymity. You don't know whether the online shop will disclose your identity or not. But you should expect it.

If you know the owner of one address you can make a cluster analysis on the block chain to identify further addresses of this person. With some effort, you can see all the income and outgoings for this person.

The bad thing is, that once one address has been de-anonymized you see the whole finanacial history of this person. The block chain never forgets.

 

[Medowriter]

The anonymity of bitcoin has been the challenge of buying or selling it, it would will be better if all the cryptocurrency companies could upgrade such that there will be easy tracker just like the use of bank account numbers

 

[castbound castboundoski]

Bitcoin is getting more popular day by day. People love bitcoins. Now mostly online shopping sites accept bitcoins. Even I saw that offline shops also accept bitcoins.so bitcoin transactions are anonymous.

Of course offline shops accept bitcoins.In some countries like Japan and few others there are many shops that accept bitcoin and you can purchase many items such as furniture , food , even houses/flats in some places. Are they anonymous ? Uh'm.. I'm not so sure since I haven't done any purchase of that kind.

 

[Abdul hanan]

Of course offline shops accept bitcoins.In some countries like Japan and few others there are many shops that accept bitcoin and you can purchase many items such as furniture , food , even houses/flats in some places. Are they anonymous ? Uh'm.. I'm not so sure since I haven't done any purchase of that kind.

Yeah. Bitcoin is getting in offline shops too. I saw a photo in which there is a gas station which accepts bitcoins. I don't know where that is but it seems wonderful to me.

 

[Fidel Maloloy-on]

bitcoin cant really detect where it come from, because of this,bitcoin is the main transaction in the deep dark web which many bad guys use it as a form of payment in their site on the deep dark web..

 

[iriswest]

I guess Bitcoin transactions are untraceable though. Its perfect for anonymous transactions which is ideal for illegal transactions. haha

 

[tusziget]

Well,I have been reading many sites online about this thing,and there are shared opinions.Some people are saying that the Bitcoin transactions are totally anonymous,some people are saying that are traceable.Personally I think are anonymous...maybe.

 

[Medowriter]

Base on my transaction with some reputable exchangers the anonymity of bitcoin transactions is nice but the fair is how many exchangers are reputable and reliable?.