GPU miners are too stupid and never adapted to the changing landscape , they think their GPU are still profitable when they are not.. Asic and fpga is where the money is at.
The longer you hold gpus the more rekt you will get
That is true for the short term if you get a first batch one. Otherwise once ASICS are out the difficulty will kill your profits and you have a loud doorstopper. FPGA will be a different story as long as the Devs keep up with the algos
If you bought the S9 in the first batch, you can still make some profits now.