Hey guys I know GPU Mining is dead and since then I'm investing what ever I make into GPU since their cheap now for example 3060 ti/ 3070 for $170
Would you think in the long term they will at least 2x their current price or keep going down? I'm having faith in the next bull run that they will go up in price and I could sell them for a profit
Tell me your expectation and strategy
If you are believe in the long term potential of GPU investments, it's wise to have a diversified portfolio. Also consider the cost of your capital in GPUs. Also global economics factors like inflation can influence the demand of GPUs. I think ASIC miner more popular now. So the GPU demand for mining could decrease.
The demand for video cards is already at its lowest and in stores you can easily find prices that are 50-200 dollars lower than those recommended by the manufacturer. But there is nothing to mine yet, so if electricity is expensive, then I would not buy video cards if 1-2 farms are for a hobby.