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u/hitro_ok 6 days ago

Is it too late to get into HYPE? I watched it run from $5 to $70+ and did nothing 🤦‍♂️

I've been watching Hyperliquid from the sidelines for a while now... Kept telling myself I'd wait for the dip, came close when it went from $30 to $10, and now I'm kicking myself seeing it at current prices. I'm finally ready to jump in, but I'm nervous about getting rekt. For people actually using the platform daily, how's the trading experience? I keep hearing about the perps volume and HYPE token burn, but I want to know if the product is actually as good as people say. Would you buy in now, or wait for a better entry? Not asking for financial advice, just trying to understand what I'm getting into.
13 comments held Reddit says 0 on reddit ↗
  1. u/Squirrel_McNutz 1 6 days ago
    In my opinion it’s one of the extremely few crypto’s worth buying. The revenue model & buybacks are insane and it is absolutely the go to place to trade. Whether it’s the right price now…. I mean who knows. I expect it will go higher in the future but I also suspect it will go lower first. Personally I would just start buying monthly.
  2. u/RealParticular5057 1 6 days ago
    I'm a crypto skeptic and it's the only ever crypto I bought
  3. u/hitro_ok OP 1 6 days ago
    Seriously? What was it about HYPE that made you break your rule? That's a big endorsement
  4. u/RealParticular5057 1 6 days ago
    I always found crypto to be unproductive, like many and questioned the long term expectancy. I see hyperliquid as a business though, I mean it's basically doing what ice and cme do so I ran a valuation on it when I bought at $40 and found it decently priced. I also like the idea that large scale liquidations fuel immediate buybacks with such a high octane as revenue generated from trades spikes
  5. u/hitro_ok OP 1 6 days ago
    Yeah, I like the DCA advice... If you were starting fresh today, would you go heavy upfront with a smaller DCA, or keep it completely even over 12 months? Trying to figure out the right approach for buying at current levels.
  6. u/Stillload 1 6 days ago
    im waiting for an entry, 570$ just to get few cents cheaper fees feels like too much
  7. u/Zambo21 1 6 days ago
    Short term maybe but if you are willing to hold Hype is one of the better plays in crypto. I own both Hype and lighter
  8. u/hitro_ok OP 1 6 days ago
    Why did you choose lighter? What's your split between HYPE and LIT?
  9. u/Fit_Sky5333 1 6 days ago
    I only started buying hype  recently, i think last week we had a nice correction after reaching ATH. 51-52 looks like the local bottom for now. Buying anywhere below 60 is propably good long term but ofcourse its crypto it could dump any minute lol
  10. u/hitro_ok OP 1 6 days ago
    What made you pull the trigger? Was it just the correction, or did you see something specific?
  11. u/Fit_Sky5333 1 6 days ago
    I researched the project for the first time and it seems like one of the few crypto projects with future sustainable price growth, there is real revenue being made which is used to buy and burn hype, there is a fixed supply so no inflation only deflation. And it appears there are many stuff in the pipeline to increase the revenue like the usdc - coinbase partnership set to start this month
  12. u/MakCapital 1 6 days ago
    Hyperliquid is primarily a backend. The trading experience is going to depend on whatever platform you use that leverages Hyperliquid based markets. Hyperliquid's official front end, TradeXYZ, or something like Phantom wallet are all different user experiences. Hyperliquid is the best backend for perps (but much more), and best markets. Amazingly easy for every major issuer to deploy, and every major platform to integrate. Open interest continues to dominate along with revenue. Tradfi based assets now responsible for a large portion of its activity. As long as users, issuers, and activity remain strong the price only moves up long term. X in profile for honest human takes.
  13. u/hitro_ok OP 1 6 days ago
    That's super helpful context, thank you. I actually didn't realise TradFi assets were such a big part of the volume now. Which frontend do you use mainly, and why?