I don't know. I mean if we look at crypto currency only this year then yes we will see a steep fall. But if we step back 5 years ago, we will definitely see that crypto did alot of movement this year. I think that we should not lose perspective and simply buy more and hold on to our coins and hope that the bear market will be over soon.
I really do not see anything severe here, as most people just tend to behave emotionally because they never had it all planned out in the first place. We are talking about a market that is growing every single day and absolutely there is a great chance to see it get far more great than it is now, so in that case, it is understandable that most people who panic for no reason, are the ones that usually get to not see the bigger picture in the long run, and all they simply just care about is how to get rich in the present moment which is why the short term they are so keen about, blinds them for being patient for the future.
The current situation of coin lending projects is in the state of "unfinished" because it is difficult to attract new investment, leading to the price of coin lending tends to go down. Low liquidity and the project team find enough ways to limit investors to sell off, withdraw funds off the floor.
In general, lending has turned into a chase between project owners and investors. And both sides are in the defensive, listening to each other, investors are anxiously waiting, the project development team is listening to the situation and investor psychology and how to handle the " Drip".
Its not easy to predict the situation of the market since it is unpredictable its better to always monitor and check the market, so that you will be know what to do. Beside its better to find out by yourself what the current situation than believing what you saw in news or what you heard. Also don't hesitate to asked someone if you don't know how to check the market movement especially when you're newbie.
This is not the first time we are going to be having a correction, it has happened before, it will happen again and all we can do is to know this is a normal thing and a healthy one for all market. However, looking at the past and now, I am pretty sure anyone who knows the great potential of this market will most definitely be aware that this is a market that is bound to really grow in the long run and there is a huge room for that, but rather than concentrating on that, they are simply just allowing the current time to set them aback from seeing what lies for them in the future.