Is he figuring himself out so he can be ready for a relationship or am I being played with?

So been 'seeing' this guy for about 2 months now. We tell each other everything and are very intense with each other. He tells me how beautiful, amazing, wonderful I am, sings love songs too me, but has also told me he is not ready for another relationship after his ex (12 months ago). we have had sex once but when I tried to act casual about it he got a little offended and said he felt like it didn't mean anything to me. I asked him to not say some of the things he says to me cause they make me think this is heading somewhere its not cause he has already told me he is not ready for another relationship. but he replied I didn't say this wouldn't be anything, just not right now, but I don't want you waiting for me. What does that mean? what should I do, I feel like a yo yo being pulled close and then thrown down.
Is he figuring himself out so he can be ready for a relationship or am I being played with?
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