One should still focus on reducing their operation cost, lowering their electric and making some changes, and spend more money on more efficient cards or specific asics. From a line of work & accounting perspective, The idea of just mine now to break near even with electric and hope prices go up higher is worst than just buying coins with cash.
The miners that are waiting on the sidelines will just get roasted by the pro miners that can keep cost down. It's a different ball game now. No more noobphoria making $5+ a day with a single gpu. People are wiser now and competition is a lot more fierce
Newbies are crying and selling rigs. They decided that they are top miners/traders when it was a problem to become a loser. Someone bought rigs and did nothing more, another - read more and more and more trying to increase profit and decrease expenses. Guess who of them are crying now?
you just translated perfeclty the difference of playing the short game and the long game.