Let's talk about Soros his theory of refelxivity

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how does his theory of reflexivity relate to the Crypto Market, I think I can see some patterns with regard to recent DGB bust, I suddenly realized what reflexive speculation is; Speculation has very little to do with technical analysis and only a tenuous relationship with the fundamentals. The CITI bank event and the minecraft hype were fairly hollow from the start but it allowed enough speculators to get on that exaggerated the prices. Did the fundamental value change at all, were people speculating on the CITI bank challege in the fist place ? It's not clear but you can gauge the expectations with a fair amount activity on this board, even systematic shill and fud become self fulfilling prophecies and perhaps that is the power memes.