Anonymity and Privacy while using Bitcoin. Which one is the right word to use?

[sapnu]

I think you can gain benefit from bitcoin both anonymously and privately. I actually do not see any difference between the two. When you enter bitcoin, your anonymisity is ensured already. No one can ever know any personal details about you as long as you do not expose it explicitly. You do not have to worry about your security as long as you stay careful, it is one of the advantage of making payments in crypto. Some people such as criminals take this opportunity so that they can commit crimes and make payments with illegal items without having their identity exposed.

[20kevin20]

Make sense. Just curious how many are still can manage to keep their anonymity from everyome except Satoshi. So indeed you also give up that, everyone must have sell their bitcoin right?

Yeah. I suspect this is the reason Satoshi never sold his coins. By selling, you're potentially compromising your anonymity and he/they definitely never wanted that. If you want to be anonymous witb BTC, either never sell or do it through Bisq only (although I am not 100% sure Bisq is very strong against exit node attacks and other vulnerabilities/attack vectors?).

It's all about time before you can get to somehow, with maximum care, keep your BTC anonymous from start to end. Once XMR <-> BTC atomic swaps get real, it's gonna be very easy to keep BTC with no traces of your identity. You just swap from XMR to BTC, hodl it and when you want to sell, move back to XMR and nobody will know a thing.

[ranochigo]

I think you can gain benefit from bitcoin both anonymously and privately. I actually do not see any difference between the two. When you enter bitcoin, your anonymisity is ensured already. No one can ever know any personal details about you as long as you do not expose it explicitly. You do not have to worry about your security as long as you stay careful, it is one of the advantage of making payments in crypto. Some people such as criminals take this opportunity so that they can commit crimes and make payments with illegal items without having their identity exposed.

Incorrect. Anonymity can never be guaranteed through using Bitcoin and I'd go as far as to say that it is almost never achieved with the activities that the average Joe would engage it. There are various points of failure present when one is trying to cover their track by disassociating various transactions from each other and that can be exploitable. The "degree" of anonymity that you can achieve is dependent on the various precautions and/or measures that you take to try to ensure your anonymity. With sufficient resources and if you're a person of interest, you'd have to go through even more loops to which I'll say that you're better off trying to use a crypto that is focused on your privacy.

[ziyaaa]

Actually, I think that anonymity and privacy are both fitting words. Because normally, it can't be known which transaction belongs to whom. And they can't be disturbed by other people too.

[yhiaali3]

The two words are closely related to each other, but in the case of Bitcoin I think the correct word is “Anonymity” because the Blockchain is also transparent as the history of all transactions, the addresses of senders and recipients that were sent to them, as well as the timing and quantity that was sent, can also be known as the balance of a Bitcoin address since It was created so it cannot be said that this is complete privacy although the identity of the sender and receiver is unknown, so it is more correct to use the word "Anonymity".

[20kevin20]

The two words are closely related to each other, but in the case of Bitcoin I think the correct word is “Anonymity” because the Blockchain is also transparent as the history of all transactions, the addresses of senders and recipients that were sent to them, as well as the timing and quantity that was sent, can also be known as the balance of a Bitcoin address since It was created so it cannot be said that this is complete privacy although the identity of the sender and receiver is unknown, so it is more correct to use the word "Anonymity".

How is anonymity the correct word when Bitcoin is transparent? Privacy is when you want someone not to know what you're doing in the bathroom; anonymity is when you want someone not to know you're in the bathroom at all.

[yhiaali3]

How is anonymity the correct word when Bitcoin is transparent? Privacy is when you want someone not to know what you're doing in the bathroom; anonymity is when you want someone not to know you're in the bathroom at all.

The expressions may differ in different languages ​​and people as well, for me I see that privacy is that no one knows anything about you at all and anonymity means that people can know what you are doing without knowing who you are.
In Bitcoin, you can know the address, date and quantity without knowing who owns this address or the person who made the transfer, and this is called anonymous in our language.
Privacy varies according to different people and their vision, because some people see knowing the address, date and quantity as a violation of privacy, while others do not mind that because what is important to them is that their true identity is not known.
I hope I have been able to clarify my point.

[Kakmakr]

We talk about Pseudo-anonymity, where you appear to be anonymous, but in reality you are not 100% anonymous. The moment when you link your Bitcoin address to some third party service where your real identity can be tracked, your anonymity is gone. So, if you buy your bitcoins through a regulated third party... you have zero anonymity. 

Even if you bought your bitcoins through an anonymous source, you lose your anonymity when you pay for a product or service where they require your real identity.    (Casinos / Merchants / Hardware wallet providers etc)

[dataispower]

The transaction are anonymitly carried out and privately owned. Whichever word is used here is correct to be honest, I think the technology of Bitcoin is more important than the right word to use. Your identity can still be exposed by a third-party involved in the peer to peer transaction, for example there must be a sender and a receiver for a Bitcoin transaction to happen. Wouldn't there be a mutual discussion for the Bitcoin transaction to happen? It is just private to me.