Recently, when reviewing options markets, an old problem has reappeared: who is actually losing the time value?

Buyers are essentially racing against time; if your direction is correct but you’re a half beat late, the premium is gradually worn away.
Sellers, on the other hand, are more like collecting a "delay tax"; they profit when the market is stagnant or not moving aggressively enough, but if a sudden sharp move breaks through, losses can be quick and decisive.
In simple terms, they are exchanging tail risk for small daily gains.

These days, with new L1/L2 projects starting to boost incentives and TVL, veteran users complain about “mining, selling,” and I can understand…
Once this rhythm kicks in, when emotions run high, buyers tend to rush in, but the heat subsides faster than expected, and the time value quietly eats away at them.

Now I’ve lowered my expectations: I don’t expect to catch every big wave, preferring to buy less, buy shorter-term options, or just wait and watch.
Lower expectations make the mindset much more relaxed; missing out is just missing out, at least I won’t be slowly tortured by time.