New investors who have not experienced the last bull market find it hard to understand why veteran investors are obsessed with altcoin season.

During the last bull market, Dogecoin could soar 8 times in one day on the secondary market.

Many altcoins surged 10 times within a week and hundreds of times in a month. After Luna was listed on exchanges, it surged nearly a thousand times, and Solana went from $2 to $250 on Binance.

At that time, people joked, "Money comes from the wind," "IQ 50 lives in a palace," "Just hold onto what you bought and wait to get rich."

Sometimes I think about it, and the nostalgia of veteran investors from the altcoin season in 2021 is no different from the nostalgia of new investors who entered the space last year during the AI summer: everyone just misses the easy mode of a one-sided bullish market where if you had the guts, you could easily make money.