I've recently gotten a graphic card for mining but i heard that currently mining is not worth it as all cryptos are currently in the downfall so its not worth mining. Can anybody give me an advice on it. Your insight is very much appreciated. 
mining is not as simple as holding, it involves a lot of factors and you need to have a thorough calculation before mining. the drop in prices is not a big deal causing miners to close down, the reason is said that electricity price is a painful problem today. electricity prices are high and we are in bear season so mining now is almost not profitable but also losses but if you live in an area with cheap electricity then you can mine
it is also important which coins should be mined in order to make a profit because currently mining ETH is not possible, below is a list of coins you can mine except bitcoin you can see the rest
https://coinmarketcap.com/view/pow/