The problem is that it could be a self repairing system though right? Prices go up => bubble pops => prices make next bubble viable.. etc. You'd hope rational

The problem is that it could be a self repairing system though right? Prices go up => bubble pops => prices make next bubble viable.. etc. You'd hope rational critical thought would stop the second cycle but even a charitable reading would say so far crypto has shown there are plenty of people not applying it. (and an uncharitable one would say it's the reason it exists at all... but lets skip that discussion for once).