Is Bitcoin entirely anonymous? It’s common for people to say that in reality bitcoin is absolutely anonymous but are not knowledgeable enough to know that is pseudonymous . Bitcoin being pseudonymous rather than the assumed anonymous gives us an understanding that each user has a established public address. So that further tells us theoretically bitcoin address can be traced back using an IP address or an exchange account.
We should be more concerned about to what level or extent is bitcoin anonymous ?
Well, to be more precise, Bitcoin is anonymous. I don't know if it's pseudo-anonymity, but if you have bitcoins on an unmanaged wallet there's really no way for anyone to find out. Once you make a transaction, again, the same thing. But do you really care about your anonymity when using bitcoin? Many bitcoin enthusiasts just focus their money and efforts on making more money after investing. Anonymity is not their concern and neither am I. My biggest concern about bitcoin is its profit.
Agreed. The fact that you tell no one that you own that address means no one has the ability to find it out. Probably theres no transaction that could lead to your identity. Not even IP address. You can use VPN if thats what makes you worry. In the other hand, in terms of its founding fathers, it was total anonymity. No one exactly knows who Satoshi is nor if its a group of people of just one genius guy.