It's obvious to nearly everyone that this is the world's biggest pump-and-dump scam.

Sentiment on HN, Twitter and the financial press is nearly unanimously negative. Co-workers and family members are convinced this will end in tears for the foolish speculators.

But one thing bugs me about all this.

Historically, bubbles burst after long-time critics finally capitulate. Pyramids and Ponzis collapse when most people have bought in and there's nobody left to sell to.

Are there any examples of bubbles bursting when 98% of the population knew it was a bubble in advance?