Im looking to buy some bitcoins with my paypal account asap.
Two scenarios will become of this:
1. You will get scammed by someone insisting that you send PayPal payment first, using the reasoning that "you're protected by PayPal since you can always dispute the charge and get your money back." Of course after you send payment, he'll stall and offload the money into cash-in-hand before the dispute can be processed.
2. You will send payment using a stolen PayPal account, which will lead to a charge-back later. Of if it's your own PayPal account, you'll file a dispute later.
Unless you're already sitting on a fat stack of Bitcoins from the early days of mining, when given the opportunity to receive free money you
will take it. That's just the way it goes -- it's human nature.