Recently, everyone has been talking about options, and the most easily overlooked aspect is actually four words: time value. Buyers keep an eye on whether the direction is correct every day, but time is ticking away there, and without a market move, you’re being “slowly eaten.” Sellers, to put it simply, are collecting this “waiting for you to get tired” money. If the market doesn’t explode, it’s comfortable; if it does explode once, it can wipe out all the profits made earlier.

This is somewhat similar to the current testnet incentives and the mindset of expecting points: you buy into the imagination that the mainnet will issue tokens, but as time drags on and the narrative doesn’t materialize, you start bleeding; those who sell are actually happy to collect your anxiety tax… Anyway, when I see this kind of situation, I first ask: are you paying for time, or are you collecting time?

There are many tutorials, but I prefer those that clearly explain “when and where you lose money,” otherwise it’s all success stories. Let’s start with that.