Recently reviewing screenshots of old market conditions, I found that each cycle everyone is stuck in the same trap: options buyers think "I'm just betting on a big move," but the time value is like a slow leak, eating away at you daily; sellers seem to be collecting rent on the surface, but in reality, they are picking up the time fees that the other side drops every day. However, once a big shock hits, the premium collected before is like a ticket refund, which is nowhere near enough to cover the loss.

To put it simply, who is the time value really eating? Most of the time, it's eating those who are anxious, impatient, and those who treat "it might happen" as "it will happen immediately." Now that some people are criticizing miners/validators' income, MEV, and unfair ordering, I can understand: the more you try to precisely hit the timing, the easier it is for time and friction to wear you down. In the end, you realize it's not that you're wrong about the direction, but that you can't hold on until the right moment.

I'm now more concerned with whether I'm buying time or selling time. Don't let impatience cause you to lose patience... what about you?