Quote from: TheButterZone on November 14, 2012, 08:39:32 PM

Quote from: ryann on November 14, 2012, 07:26:00 PM

Quote from: blablahblah on November 14, 2012, 01:03:09 PM

Quote from: ryann on November 14, 2012, 05:56:42 AM

Quote from: TheButterZone on November 14, 2012, 05:24:51 AM

I have a credit card and paypal but I cant buy coins at the going rate. That there is the biggest hindrence. != Liquidity.

This forum is more worried about trying to correct people and show how intelligent they are than any other forum ive seen. If you read my post you'll fully understand. It is pretty straight forward regardless of me saying liquidity or illiquidity. ~~Its a liquidity issue~~.

People aren't trying to show how smart they are, they're just trying to be specific about the language because it makes communication easier. There are already enough tough concepts to master without the definitions being mixed up.

That said, liquidity is a special term that's reserved for some other meaning. It's something along the lines of "the number of transactions per second under various conditions".

A more likely cause of your complaint (high prices) is lack of competition. There are not enough vendors willing to make Bitcoin-Paypal transactions, so the ones that do exist charge excessive fees. Maybe they've even formed a cartel?

It's the same when I try to do forex transactions. I go on oanda.com or some other such site, and see all these fantastic exchange rates. However, when I want to actually make such a transaction using a bank, they skim a huge percentage and then have the gall to charge a 'transaction fee' on top of the massive fee they already charged!

No, high prices is not a bitcoin problem. Illiquidity is. Its to hard to get coins. You need to go through to many middlemen just to make a simple purchase.

Please elaborate on "too many middlemen". Sounds like a case of "you're doing it wrong".

Its starting to sound like you dont understand how to purchase bitcoins. You cant just buy bitcoins without going through at least 2 types of exchanges. Minimum being Bank wire > MTGox