GIGABYTE Radeon RX 570 DirectX 12 GV-RX570GAMING-4GD Video Card for $119.99 AC + FS

Will this run the oculus?

4GB is crap. 8 GB is bare minimum. Hard pass

normally i'd agree, but this card is so slow that any game settings need 8GB ram will not be playable on this card with acceptable speed.

what sucks is that no one in their right mind would buy a new iphone 8, or a galaxy S8, or a ryzen 1 processor (except renewed ryzen 5 1600) close to their release day MSRP today, so why people keep buying 3 years old graphic card close to their release day MSRP (and the fact that manufacture still making 3 years old card). if consumer keep buying them, then we will never have new gpu performance in this price range.

The launch price was around $169. I'd say that $119 is below that. Keep in mind not everybody is an extreme gamer. This card isn't bad for 1080p casual gamers on a budget.

..., so why people keep buying 3 years old graphic card close to their release day MSRP (and the fact that manufacture still making 3 years old card).

The launch price was around $169. I'd say that $119 is below that. Keep in mind not everybody is an extreme gamer. This card isn't bad for 1080p casual gamers on a budget.

because there are no other (new) videocards that offer a better price to performance ratio around its price point

and my point is there will never be a new card that offers it if people keep buying old stuff at close to the MSRP.

i did say close to release MSRP, if you really want to draw a fair comparison.. 120 to 170 is a 30% drop in 3 years.
Ryzen 1700/1800 dropped to half the MSRP in two years .(heck, the 2700 was half the MSRP a years and half after the release day). S8 and iPhone 8 are pretty much a quarter of their MSRP 3 years later. this card, in my opinion, should be no more than 80 USD at this very moment giving how old the technology is.

BTW, the rx570 was around 100 to 110 dollar a year ago with only +19 thumb ups
https://slickdeals.net/f/12647119-asus-rog-strix-rx-570-4g-overclock-104-99?v=1&src=SiteSearch

Comparing GPU generations would also need performance increase comparisons to new cards that took their original price point. The RX 570 (essentially a re-released 470) is still a highly recommended and usable card, despite it's age. This says more about the low-end ($100 - $200) not giving enough of a performance increase for a similar price that knocks it out of relevancy altogether.

Many factors have stagnated everything except the very high-end when it come to GPU price/performance, and that very high-end is just more expensive than it used to be. At most, every price tier ever since the launch of RX 400/500 series and the GTX 1000 has seen about a 10 to 20% improvement. That's a long time with marginal gains.

Blame Crypto-miners, blame greedy Nvidia execs and AMD execs that go along with it, Blame DRAM manufacturers for jacking up pricing during the drought ... blame whoever seems likely to have chipped into the long stagnation of price and performance.

Prior to 3 years ago, CPUs were going through the same thing ever since Sandy Bridge... so... In late-2016/early-2017, I needed to replace an i5 2500 in a family member's system. Those were still going for $110-135 on ebay, USED, without the HSF. That was released as a $200 processor in early 2011, HSF included.

HDDs, RAM, Displays, etc... there are periods where all components go through price/performance stagnation, (or in the case of RAM, often regression) ... We are in that period for GPUs...

EDIT:
As for what I have been suggesting to people looking for a GPU in this price-point... buy used. A 6GB GTX 1060 can be had for $110-$120 and get a considerable bump in performance over this card. Or find a 4GB RX 570 like this one for $70-$90 used.