Recently looking at options markets, I feel a bit emotional: buyers wake up every day first being cut by time value, losing even when nothing happens; sellers seem like collecting rent, but actually they are taking on tail risk, earning small amounts normally, but if something really goes wrong, they end up losing it all. To put it simply, time is not on anyone’s side; it favors those who can survive longer and endure the pressure.

Sometimes this feels a lot like the period before a blockchain game crash: inflation is pressing down, studios keep selling off, and when the coin price softens, everyone realizes "it's even harder to hold on for another day." The processes and models are written very beautifully, but execution details are a mess, and in the end, time tears off all the masks. Anyway, what I’m more afraid of now is chronic bleeding, which is more uncomfortable than a single needle prick.