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INVESTMENT - Ask around in South Central and you’ll hear a familiar story. The stock market feels out of reach, slow to respond, and honestly, just not built for folks trying to make moves right now. That’s why so many first-time investors here are skipping over stocks and diving into crypto instead.
It isn’t because crypto is easy. It’s not. However, it feels more accessible. There’s no need to book an appointment, fill out forms you can barely understand, or wait for someone to approve your trade. You just download an app, watch a few videos, maybe follow an expert for advice, and you’re in.
A lot of people here are learning about presale coins, as these offer added incentives since they haven’t launched publicly yet. According to crypto expert Tony Frank, they’re cheaper to get into early, and if one of them takes off, the return could be massive. Unlike “hype coins,” presale ones actually shift to real-world use cases. Coinspeaker’s resident crypto expert Tony Frank published a guide that’s been floating around Telegram and getting shared in group chats, especially among folks looking for that “right time, right place” opportunity.
This whole thing isn’t happening in some high-rise downtown office. It’s at Hilltop over oat lattes, in barbershops, on corners, and in DMs. People are swapping links, explaining what they’ve figured out, warning each other about scams. There’s no central voice guiding it. Everyone’s just figuring it out at their own speed. A friend hears about a token, then someone else shares social media threads, and suddenly there’s a conversation going.
What’s really interesting is how natural it’s become to talk about crypto in places where financial conversations didn’t happen much before. A guy who used to hustle sneakers is now flipping tokens. Someone else is walking their uncle through how to set up a digital wallet. You overhear these things in line at the 7th Street Ralphs or waiting for the E Line. It’s just part of the mix now.
For some, this shift started out of frustration. A lot of people here have stories about banks closing accounts for no reason, declining small business loans, or putting up walls that don’t seem to exist for everyone else. So when crypto shows up with fewer rules, fewer delays, and fewer people saying no, it’s not surprising that people are paying attention.
Crypto doesn’t come with a user manual though. Blockchain? Staking? What are gas fees and how do they work? None of that is immediately clear. Still, that hasn’t stopped people. They watch explainer videos. They ask questions in forums. Sometimes they do lose money and learn the hard way. However, that’s part of the story too. In fact, some would say it’s part of the culture now — learning by doing, falling and getting back up again.
There’s power in being able to control your own money without asking anyone for permission. If you want to pull funds, you pull them. If you want to swap coins at midnight, nobody’s stopping you. That kind of freedom means something in a place where systems have always moved slowly or not at all for people who look like you.
The other thing that’s changing is the way people are choosing what to invest in. It’s not just about chasing coins that might blow up. There’s more talk now about whether a token actually does anything useful. Can it help people send money to family overseas without fees? Is it tied to something real, like microloans or housing projects? That shift in focus says a lot.
Recent studies have backed this up, pointing out that Black and Latino investors are among the fastest-growing groups in crypto adoption. Here in LA, that tracks. The city remains a global hub for everything from sports to tech and finance. We’ve even noted that crypto’s becoming part of broader city conversations, not just as tech, but as something with economic and social impact.
Nobody here is saying stocks are useless. It’s just that they don’t speak to this generation in the same way. What’s happening in South LA isn’t about chasing hype. It’s about building something, together, that actually feels like it belongs to you. That’s enough of a reason to keep showing up.
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