moonbogg
Lifer
- Jan 8, 2011
- 10,635
- 3,095
- 136
I'm skeptical. What's to stop miners from living off of the tangible assets they have acquired from selling crypto and keep on hanging to their GPU stash? There might be a little price drop but not really a half MSRP one. They all know by now that GPUs have value so they won't devalue their assets by flooding the market with them. They will release them bit by bit, to keep gamers thirsting for more.
I think most miners will start panic selling. Think about it; it took them 9 months during the good times to break even on a GPU purchase, and the amount they can make by selling that GPU early would basically equal like 2 years of mining. Not selling early sounds totally insane to me. The massive miners might be different though. If they can afford to fill entire warehouses with GPUs, then who knows what their plans are. They can keep the GPUs forever and probably not care, but they'd still make a huge profit just by selling early. It would be a race to the market though because once the selloff starts, prices will plummet fast. I think right now is the best time to dump all your stuff and get the most for each sale.