An example of a Negative Resistance device:
Increase the resistance value of the 20Ω resistor upwards to 1000Ω. The transistor will turn itself on, allowing a higher current to flow. Decrease the resistance again, and the transistor turns off.
The circuit can be made to self oscillate:
Twist the capacitor to start oscillations. When the capacitor is uncharged, it’s effective resistance is low, so the transistor will not turn, but the capacitor will be charged from the battery. When the capacitor charges up, the resistance increases, causing the transistor to turn on, which discharges the capacitor and starts the cycle again.