In contrast to what many media proclaim, protecting your privacy is also a key concern when using Bitcoin. The Bitcoin blockchain serves as a public network, which means that all saved transactions are visible for everyone. Therefore, all network users can trackback how much has been transferred from one wallet to another, which ultimately also enables someone to find out a particular Bitcoin wallet's balance. It remains impossible, however, to trace a user's true identity through publicly accessible data. Then again, if a user voluntarily shared his/her details during a transaction, this could compromise his/her identity. So indeed, be aware that you remain responsible for your own privacy.