yes I often see events like that and for that I never leave social media channels after I support a project so I don't miss information. in my opinion the most comfortable social media is telegram because we can ask questions and get answers quickly

I quite like the way op has highlighted the need to decentralized exchanges over the centralized ones. The recent incidents in China shows the necessity of having decentralized businesses around crypto ecosystem. China was always against the use of virtual currencies and they were the first country to ban ICOs. So the market shouldn't have receive this massive shock we have experienced last week. But it's good that the market is now back on track and growth at a good pace. This incident will definitely push the decentralization to the next level and people have started realizing its need.

Knowledge and capital matter a lot, but you are forgetting another crucial factor which is luck. No amount of luck and knowledge can help you achieve success if luck eludes you.

Personally, I feel that luck is the most important factor followed by knowledge followed by capital. Why? Because it's possible to earn huge amounts through small amounts as long as you are smart and luck should favor you.

Gambling Example: Winning an accumulator or parlay can help you earn huge amounts by risking small amounts.

It does hurt the budget but we also saved more because we don't really go outside when the pandemic shocked the world.
How come? Expensive kinds of stuff are always bought at malls or shopping centers.
Since we cannot get out anymore (we just don't want to) because of the terrifying illness that might be passed unto us and then with kids we tend to save more by avoiding to eat at fancy restaurants and buy things that we don't really need.
 
But it did hit the water and electric bills because we are now inside the house the whole day.
About food, vegetables and meat products are still okay but it is fruits that hurt my pockets. We want to be as healthy as we could to avoid being sick but it hurts to see that being healthy means you need to be almost rich.
Savings - As said above, when we break down the total amount spent pre-pandemic compared to now, we actually saved more.

Every time I talk about China I don't want to care and don't like this country. Because China is a barrier to global adoption or creates bearish sentiment. The market is manipulated by Chinese whales and the government. It means they don't ban the market. Who will ban if they can abuse the market and their ban hammer for profit?. But the more China tries to ban bitcoin the more bitcoin is going to rise in price.

The Central Bank of China stated that all cryptocurrency-related transactions are illegal financial activities. This statement reinforces the Chinese government's strong stance against digital currencies issued by non-monetary authorities.

Huobi Global will cancel users in mainland China, Binance will stop the registration of users in mainland China.

Binance, the world's largest cryptocurrency exchange, was revealed to have suspended registration in mainland China.

Why is Bitcoin a threat to China? Is China deliberately imposing sanction on BTC

China has always imposed sanctions on bitcoin and China has always called it a conspiracy. China believes that if the world became rich because of bitcoin, no country would need China. This is because people will become economically prosperous, which will reduce their dependence on China. On the other hand, members of the Chinese Communist Party are very interested in bitcoin. I don't think that China will ever call the bitcoin a legal currency, But a time will surely come when China will have to trade by buying bitcoins from the world.

old news yet still affects the market even when china couldn't control crypto. 

don't you think the chinese had enjoyed this banning of cryptocurrency all the time, it makes them look very important to the industry when they could make users panic sell. such a bit loss from the cap every time they do this.

Actually none mate. But among stablecoin Id keeping I always used BUSD on Binance as I know CZ cared for those breached and hacked so they will definitely make their security more secure and safe. I heard as well that they have insurance thats why he always say funds are $safu. Anyway just na opinion. But I do have some other stablecoin too. Among it usdt is most untrustworthy as they have some issues before and maybe have one again with sec that needs clarification.

Hey guys!

I have noticed that whenever people in real life find out that I use bitcoin, they ask me to explain it to them. For example, some family friends that are my age came over to my house around 2 weeks ago, when they arrived, I was looking at crypto graphs because I had a little bit of money saved up to invest. Bitcoin was on one of the charts, so when they walked into my room, they asked about it, "You do bitcoin? How does it even work?." So I started explaining it to them, but what they didnt get was that it is decentralized. When I was explaining it they asked "Why doesnt bitcoin's creator give himself a billion bitcoin?" I told them that it is impossible for the creator to do so since he doesnt have control over the network, but after I said that, they told me that I was wrong and that since He made it, he can control it, which is incorrect. Do you guys have any suggestions on how to explain coins to non-crypto people?