Yes, if the price goes sufficiently low, the problem with solve itself, though probably somewhat abruptly once really bad positive feedback effects kick in, esp

Yes, if the price goes sufficiently low, the problem with solve itself, though probably somewhat abruptly once really bad positive feedback effects kick in, especially if there's a sufficiently fast and large drop. But bitcoin hasn't really hit anything big enough yet: it would take something like a 90% drop from the current price to see much of this start to kick in: bitcoin mining is still very profitable.