There is a contradiction in the explanation that you have given here. You say that Bitcoin is anonymous and yet you go on to say that it is traceable. IF this is the case of the wouldn't that make Bitcoin non-anonymous? The reason why I am asking this question is that I have always wondered if bitcoin traceable based on IP address and so forth. What do you think? Do you feel that this is possible ? Why do you say it is traceable?Bitcoins are a famous mode of transaction because they are anonymous for both senders and recipients, transactions are transparent, traceable, irrevocable or falsified, transactions are carried out directly without going through a third party (bank). cheap and fast.