Recently, I keep "waiting": waiting for on-chain confirmations, waiting for a pullback, waiting until I think clearly before taking action. Then I realize that options are even more understandable; the buyer is essentially paying for time, and the time value is being eroded every day, wearing down the buyer's patience; the seller is selling the "waiting" and collecting some premium, but always worried, afraid that a sudden spike will pierce through.

To put it simply, when the market is stagnant, buyers feel the worst; nothing happens but their money decreases. Sellers seem comfortable on the surface, but in reality, they are exchanging sleep for returns. The recent testnet points expectation is the same; everyone is waiting to see if the mainnet will issue tokens. The longer they wait, the more anxious they become, ultimately either losing out to time or falling for phishing links... I now prefer to tinker less, double-check the address before signing, and anyway, I’ll wait until I think clearly before proceeding.