Is there still hope for ORDI and Bitcoin NFTs?

After the article "Is There Still Hope for the Bitcoin Ecosystem?" was published on September 9, many readers asked questions about some projects in the Bitcoin ecosystem in the comment section. Many of these questions were also mentioned again during the online discussions over the weekend.

This article aims to address these questions.

• Is there still hope for ORDI and SATS?

In this regard, I maintain my previous viewpoint:

If the application ecosystem of Bitcoin can thrive, then the value of early inscriptions like ORDI and SATS will continue to rise significantly, and as the Bitcoin ecosystem grows, their value will also increase.

However, if the Bitcoin application ecosystem fails to develop, then while there may be some potential for the value of early inscriptions like ORDI and SATS to rise, the potential will be very limited. They will merely be collectibles, and their collectible value lies in the fact that they commemorate a bold attempt and effort in the history of Bitcoin's development.

Currently, I believe the hope for the Bitcoin ecosystem to thrive is very slim, so I think their potential for future appreciation is quite limited.

On the other hand, we can also see the difference between Bitcoin and ORDI from their trends:

Since September of last year, Bitcoin has reached an all-time high and has continued to rise. Meanwhile, the price of ORDI has been declining and has not followed Bitcoin's upward trend at all.

From this perspective, Bitcoin stands alone, and its driving effect on inscription assets is not evident.

Since the potential for ORDI and SATS is limited, how should we handle them?

Should we sell or hold?

I think it depends on individual circumstances.

If someone unfortunately invested heavily in these inscriptions, then looking back now, that decision is clearly wrong. If it were me, I would unhesitatingly convert most of them into Bitcoin or Ethereum, keeping a small portion as collectibles.

But if they only account for a small part of the portfolio, then just hold onto them.

I have kept my ORDI and SATS.

Inscriptions were the driving force behind the launch of that round of the Bitcoin ecosystem. If their potential is only this much, then the potential of other technology-derived assets (like STAMP, ORC, runes, etc.) is even more limited.

I would not hesitate to get rid of those assets.

Recently, I listed my runes and similar items on the market, but I haven't checked if they sold. If they haven't sold, I will lower the price and continue selling.

• What about inscription NFTs?

For these types of assets, I will also treat them differently based on categories.

In fact, I have mentioned in previous articles:

For some projects with historical value that do not require follow-up execution effects, I will keep them indefinitely.

These NFTs are somewhat similar to CryptoPunks; they are a mark of an era. This type of NFT was something I believed in from the beginning—like the first 10,000 inscription NFTs. When I saw them, although it was no longer early, I still unhesitatingly chose some that I liked to buy. I will keep them forever.

For some NFTs that are akin to artworks, like Pixel Goose, I have them and will keep them.

However, for projects that require follow-up execution effects, I believe the risks are still relatively high. If it were me and I had a large position, I would sell off the vast majority and keep only a small portion as collectibles. If the position is small, then just hold onto them.

Looking back now at those projects that were hailed as the next CryptoPunks or Bored Apes, it is truly lamentable.

• Setting aside CWS, BSV is the one that most aligns with the Bitcoin white paper

When Bitcoin first forked into BCH, I was more optimistic about BCH, so I kept my BCH until very late before selling it all.

Based on my understanding of Satoshi Nakamoto's past statements, I feel that the current block size of Bitcoin seems to be a stopgap measure; the Bitcoin that Satoshi envisioned for the future still needs to expand the block size.

However, that page has already turned. The current reality is that Bitcoin has tried to preserve the last appearance of Satoshi when he left. Whether this aligns with Satoshi's ideals or not, the current consensus has chosen this version of Bitcoin.