Is Bitcoin trading anonymous and untraceable?

Is Bitcoin trading anonymous and untraceable?

I know little about bitcoin except they are digital currency.

  1. I heard that bitcoin ownership or exchanges/trading is anonymous and untraceable by government. Is that true?

  2. If I buy a bitcoin and pay by credit card, the money goes through banking system right? That would make it traceable wouldn't it?

Thanks in advance.

http://ift.tt/2jrMDsa

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