I love colored pencils.
I love them more than paint.
Yes - they are slow - very slow - but for me, it's a form of meditation. It's calming and reflective.
Just like watercolors, my colored pencils are applied in layers, many layers to build up to the color I want.
Some people say colored pencils are just "coloring" = that's true if you only apply one layer.
But when you use many layers - then it's painting.