Recently looking at options markets, the more I look, the more I feel: this thing called time value is just slowly asking you for "patience tax." When you're the buyer, if the direction doesn't play out, theta chips away at you bit by bit; even if your judgment is correct but the rhythm is off, it still feels uncomfortable. As a seller, it's like collecting rent—if the market stays calm, you earn steadily, but once a black swan hits, all the gains you've accumulated can be wiped out and then some.

It's a bit like how new L1/L2 projects are now incentivizing to pull in TVL—everyone rushes in while complaining "mining, selling," which, in essence, is time filtering people: if you can wait, you can absorb others' anxiety; if you can't, you become liquidity fuel.

I'm now more at peace: better to buy less, keep some bullets, miss out if you have to, at least not be constantly educated by time.