I used to think that options buyers were more exciting, spending a little money to gamble on big swings, and anyway, at worst, it just goes to zero... It was only after experiencing multiple zero outcomes that I started paying attention to the concept of "time." Later, I realized that the time value, simply put, is about who’s paying for whose meals every day: if the market doesn’t move or moves not aggressively enough, the buyer gets worn down, becoming more anxious the longer they wait; the seller sees the premium gradually become their safety cushion, but it’s not free money—an occasional big move can wipe out all the gains accumulated before, or even cause a loss. Now I better understand why the secondary market often argues about NFT royalties—creators want to keep earning a kind of "time tax," while traders complain about liquidity being worn down... Anyway, I still prefer capital preservation, hedging when possible, and earning slowly enough to sleep well.