Why is it so hard to get cash for your btc?
I am an above avg. skill computer user, so the technical parts are gravy to me, but not to most people.
The hoops to get cash back and the cost will keep the avg person from the whole btc scene.
If ya go the whole bank wire route the cost can be almost $50, just in wire fees.
The normal person trading $100-$200 wont pay that much.
I think till you can just get plain old cash for then easy it will just be a geeks market, and rise to the price everyone hopes.
Got to be a better way
And if you had a pocketful of Euros or Yen, how would you exchange that for U.S. dollars right now? Eventually, I expect there will be bitcoin banks, and you'll be able to walk into a local bank or currency exchange to change between cash and bitcoin, but bitcoin is still in its infancy right now. It has a ways to go yet before it reaches that sort of mainstream use.
That being said, I'd be willing to pay for bitcoins with a U.S. Postal Money Order. The fees there are only $1.60 for $1,000 money order ($1.20 if the order is for less than $500). I wouldn't be willing to pay more than $100 per bitcoin right now though. I'd be willing to pay with personal check as well, if that was acceptable.
, but I just don't see main stream banks doing so lol.
