Chemical composition of Ammonia = NH3 Nitrite = NO2 Nitrate = NO3
Well, more precisely, the ammonia exists as two distinct chemical species ammonia (NH3) and Ammonium(NH4+), Nitrite = NO2- and Nitrate = NO3-
Hydrogen released from ammonia, floating nitrogen molecules that gain oxygen as the bacteria eats and disposes of ammonia...
Well the ammonia (actually ammonium) is processed by the ammonia eating bacteria initially into hydroxyl amine and eventually into nitrite, there's no floating "nitrogen molecules"
Bacteria consume the NO2 producing NO3 which is a waste product from fish feces...
Yes another bacteria process the NO2- but the nitrate is a waste process of this bacteria and only indirectly of fish faeces (and other organics).
and bacterial production. Ammonia>Nitrite>Nitrate.
That's true
And as the bacteria developes you get more nitrite nitrate...Ending in a continuous non stop nitrogen cycle as you replace your water everyday.
Replacing the water reduces all three toxins, as explained, as long as the new water is lower in concentration of any particular toxin.
Nitrate is the most harmless. But ammonia and nitrite reach a stable point after you let the water/filter mature. doing huge changes all the time just make more ammonia/ nitrite.
No, it's really important that you understand this: changing water reduces the level of toxins. It's why the fishkeepers mantra is "dilution is the solution to pollution".