Unlike before, books on cryptocurrency have disappeared from large bookstores. Bookstore shelves are trendy, but rarely do they change so quickly. Trading is still active on cryptocurrency exchanges. While the trend in the blockchain industry is shifting to NFT, it seems that the investment momentum for cryptocurrencies is over.
Cryptocurrencies have had little impact on our daily lives. Except for the story of someone over the internet making and losing a lot of money on it, at best it's just that the price of graphics cards for games has skyrocketed. It is not an exaggeration to say that the new technology had no effect on changing lives or revolutionizing lives. Therefore, if there is a current change in which cryptocurrency is away from the topic for most consumers, it will be that it is gradually becoming easier to obtain a graphics card.
At Yongsan Electronics Market, there is a story that the stock of Nvidia 3000 series graphics cards has piled up a lot. Distributors who buy in advance at a higher price and expect to sell at a higher price want to sell at a higher price somehow. But smart consumers are waiting for the price to drop.
In a way, it is very clear how the tug of war between supply and demand in this natural market will end. Unless the price of cryptocurrencies rises dramatically again, it will become a game against distributors over time. If you're not in a hurry right now, you can buy it cheaply if you wait. However, when the next-generation Nvidia 4000 series graphics card is released, it will be a bad inventory that has been pushed out of the box, so it is difficult for distributors to embrace the inventory without lowering the price until when.
When the price bubble of anything comes and goes, there is pain. Whether it's real estate, stocks, or cryptocurrency, it's no different. Graphics cards also have a collateral bubble due to the price bubble of cryptocurrencies. The demand for games or graphic work did not cause shortages or surges. Therefore, there may be some damage in the process, but returning to the old price is an inevitable outcome.
Computer parts eventually come out with much better performance over time, and it is normal for the price of any luxury parts to drop when that time comes. Graphics cards are no exception. Moreover, each country is legally regulating cryptocurrency bonds that require excessive power consumption as part of environmental regulations to prevent global warming. Cryptocurrency prices on existing exchanges show no sign of rising, and if it is not enough to pursue profit through mining, the era of cryptocurrencies will come to an end.
Then, there is a high possibility that cryptocurrency and graphics card prices will return to their old positions as promised. Only a handful of flagship cryptocurrencies will survive and trade at low prices on exchanges, and new graphics cards will be available at the normal launch prices we've seen before. As a side effect, you may see a lot of hard-working, miner version products being traded at low prices in the used market somewhere.
In the end, it will end like this, but the bitterness remains. Around 2015, when Bitcoin still exceeded $20,000, the game industry focused on how to provide an explosive graphic experience by increasing the refresh rate while using 4K resolution as the mainstream. I remember that there was also a vision to activate high-end games by releasing top-end graphics cards at a lower price, although they were a bit expensive in the graphics card industry.
However, the cryptocurrency mining craze that followed has swept everything. As the graphics card operation, which consumes unlimited power and time, has the effect of making money directly through mining, there has been no significant progress in technology development and component price reduction for gamers. There are still many consumers who are still using Nvidia 1060 products, and 4K gaming has not completely replaced the market.
Now that cryptocurrencies have been pushed out of fashion, we hope that the game industry will develop towards a better graphic experience once again. That will not be a bubble, but a truly life-changing innovation. I hope that both cryptocurrencies and graphics cards can safely return to their old places.
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