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

China has a really peculiar brand of socialism, though.  They absolutely have an authoritarian regime, no arguments there, but it's not exactly conventional socialism there. 

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.

This has been like what? The 74278323th time China has dropped a hammer on bitcoin/crypto already? And funnily enough, the FUD is still working lol.

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.

So EVOL is a MLM, also known as a pyramid/ponzi.

These are a dime a dozen in crypto space, and always a waste of money for any investors who come any time other than the presale.
Thanks, but no thanks

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.