Options finally make more sense to me now: the buyer is buying “possibility” and time, while the seller is “betting that you won’t be able to wait long enough.” To put it simply, time value is like water draining out of the buyer’s pocket every day—if the market doesn’t move, you’re still losing, like being boiled in warm water. On the surface, the seller looks like they’re happily collecting the premium, but really they’re using tail risk as fuel; if a big “needle” really comes, my mindset—someone who’s been rug-pulled twice—will just reboot on the spot…

Recently, watching everyone grind for testnet points and guess whether the mainnet will issue tokens also feels pretty similar to the buyer’s mindset: spend time (+ gas + effort) to exchange it for a “maybe.” Anyway, I’d rather try with a small position for now—the buyer treats it like a lottery, the seller tells someone else’s story; let’s stay alive first.