Author: Nikola
Compiled by: Tim, PANews
The value of most blue-chip Ordinals collectibles has significantly shrunk! The golden age of Magic Eden, filled with green candlesticks and frenzied speculation, is long gone… (The carnival was short-lived, but still unforgettable?)
How wonderful were the old days…
Most of the so-called "founders" and "builders" have abandoned the community and run away, people endlessly attack each other on the timeline, and once again everyone declares that Ordinals are "dead"…
However, we still hold the line and remain optimistic about Ordinals… At this time, you may keep asking: why?
Why hold on when Ordinals seem to be on the path to spiraling to zero?
If this is your question and stance, it indicates that you have much to learn in this market, so let me clarify for you, young one…
I will break down my views and ideas into three parts:
Ordinals: The playground of miner groups
Ordinals: The immortal symbiote of Bitcoin
Ordinals: My personal legend and battleground
1. Ordinals: The arcade of miner groups
Sub-100k, sub-10k, rare sats, early inheritance, Ordinals artworks: these all sound so familiar, right?
These trendy terms once briefly dominated the ecosystem.
People revered these concepts, firmly believing they were the foundation of value. But the truth is—they are not at all!
If you think scarcity, provenance, or some fictional sat can endow Ordinals with value, then you are dreaming.
The only rule in this field is money!
It's that simple. Bitcoin is the true hard currency: it is both fuel and loot, and the ultimate goal.
And who controls the circulation of Bitcoin? The miners.
Miners are the behind-the-scenes operators of the entire ecosystem.
They control the mempool, transaction fees, and market narratives.
Have you noticed—every time a hot project launches, the mempool is always "coincidentally" flooded with various junk coin minting transactions?
Most KOLs, project teams, and even the bull market leaders you admire are either controlled by the miner groups or are pawns in their game. (This is what people often refer to as a "conspiracy group")
This is why you see everyone suddenly jumping on the bandwagon to promote a certain "project."
Some directly collude with the big shots behind the scenes, while others are just getting paid to promote specific narratives, but the result is the same:
Miners always make a profit!
Miners shape this field, set the rules, and reap the rewards. They profit from speculation cycles, pump and dump schemes, and FOMO-driven minting frenzies.
Whether it’s Ordinals, the Rune Protocol, or any new thing that emerges in the future—it’s just a new tool for miners to make money.
As long as Bitcoin exists, this playground will keep running. It’s harsh, but it’s the truth.
This market has nothing to do with art, community, culture, or any meme coin.
It’s just a game of value.
Aside from the cold, hard Bitcoin, everything else is just a fleeting illusion.
I’ve had enough of the serial runners rampant in this circle! (Isn’t it ironic?)
2. Ordinals: The immortal symbiote of Bitcoin
Even in the face of such a harsh reality, I remain bullish. Why? Because Ordinals are deeply tied to the king of crypto, Bitcoin.
Throughout market cycles, Bitcoin has consistently crushed its competitors, firmly sitting at the top as the store of value and ultimate investment. When the U.S. government starts purchasing Bitcoin as national reserves? That will be the final confirmation. Mass adoption is no longer far away; it’s an inevitability of history.
When Bitcoin breaks the million-dollar mark (that day will come), everyone will be looking for new gambling arenas.
Some may choose to cash out, but what about the real gamblers?
They never exit the game.
This group of fervent speculators will continue to seek the next playground: an ultimate gambling paradise with extremely low trading friction and almost zero entry barriers.
This is the significance of Ordinals and the Rune Protocol: they are directly rooted in the Bitcoin protocol layer, requiring no cross-chain bridges, no token swaps, purely based on Bitcoin's native innovative experimental ground.
As Bitcoin’s price rises, the demand for Ordinals and Rune Protocol-like projects will surely surge. Whether the medium is artworks, altcoins, or new paradigms—the infrastructure for the new playground is already in place.
Yes, I remain bullish. Because Ordinals are Bitcoin's eternal companion: as long as Bitcoin stands tall, the legend of Ordinals will not come to an end.
3. Ordinals: My personal legend and battleground
What is the last part?
My personal declaration.
Long before those so-called "experts" even understood what blockchain was (most of them still only have a half-baked understanding?), I had already immersed myself in the field. Now, this group of half-informed individuals has become opinion leaders, peddling narratives they barely comprehend.
Absurd, right?
Ridiculous, isn’t it?
Nonsense?
This is my personal battleground—creating a space of clarity amidst the noise.
When everyone talks about "use cases" and "practical utility" (which is just old wine in new bottles), most are merely profit-driven fraudsters, lacking insight and faith in what they create.
And me?
I see Ordinals as a battleground: here to reconstruct narratives, challenge conventions, and forge true value; to create things that transcend hollow concepts, giving them real meaning and mission.
This is a declaration of war against the speculators, gamblers, and manipulators in the circle: I will be more resilient, wiser, and more creative than you.
When the dust settles, the one standing will be me.
Final Thoughts
Returning to the initial question: why am I firmly optimistic about Ordinals?
Because I have grasped the essence of this game, deeply understand the behind-the-scenes operators, and am familiar with the rhythms of market cycles. I foresee that when Bitcoin reaches new heights, the casinos built around it will rise in tandem.
Ordinals are not just a simple protocol; they are a mirror of the essence of the crypto market—greed, manipulation, and power intertwine here, but it is also a battlefield of opportunities.
If you want to survive, please remember:
Stop chasing bubbles, and instead deconstruct the rules of the game; understand the behind-the-scenes players, and track the flow of funds.
When the next cycle arrives, choose to be a player or become a harvested chip.
Welcome to the never-ending battleground.
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