Zeus55
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This is the story of Hyperliquid, the most profitable startup per employee on earth, told from a guarded office in Singapore.
Last year, its team of 11 generated $900 million in profit. It's 3 years old, has never taken a dollar of venture capital, and is beginning to change how century-old markets work.
Its founder, Jeffrey Yan (@chameleon_jeff), had never taken a physics class when he picked up a textbook at 16. Two years later, he won gold at the International Physics Olympiad. In 2019, he started trading with $10,000 from a living room in Puerto Rico—working off a television because he didn't own a monitor.
Within 3 years, he was running one of the largest anonymous crypto trading firms.
Then he shut it down. Yan was rich and free, but he had spent years inside crypto, watching it betray itself. Bitcoin's central premise was decentralization. Yet the biggest exchanges were centralized. Crypto kept reintroducing the dependence on trust it was built to eliminate. He set out to create what should have existed.
Hyperliquid is a blockchain with a trading exchange on top, and anyone can build on it. Yan's vision is to house all of finance. In 3 years, it has done over $4 trillion in volume. And in the past few months, it has begun to outgrow crypto.
Markets for oil, silver, and the S&P 500 now trade on Hyperliquid around the clock, weekends included, and are growing roughly 40% week on week. When the US and Israel bombed Iran on a Saturday in February, Hyperliquid was the venue traders turned to.
Hyperliquid's success has cost Yan his freedom. He works out of a secret office in Singapore and cannot travel without two bodyguards. Even the team's housekeeper doesn't know what they do.
In January, @domcooke spent a week at their office. Read his profile on Yan and @HyperliquidX below.

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Zeus55 retweetledi

sit on your hands and maximize patience until 100k+ narratives come out that you can bid early
you are NOT better than cented
you can NOT gamble on slop
volume is NOT good and ceilings are LOW
you do NOT have the entire chain tracking your wallet
you are NOT streaming to 500+ viewers
use your brain, if you don't have the skills, stop trying to compete with the relentless new pair flippers, experienced deployers, and splitnow drillers. find your own edge
the market sucks and sentiment is at an all-time low. yet still, there are at least 3-5 decent coins that you can reasonably catch every day. even while being an unknown trader
again, it's all about PATIENCE. patience patience patience patience patience patience patience patience patience patience
preserve your capital until the opportunities fall into your lap. it takes immense mental strength but that's what you need to surpass the 95% of unprofitable traders
fuck your gambling addictions and fuck the "never stop clicking" mindset. stop being stubborn and adjust your style according to the current conditions
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Zeus55 retweetledi

When I first entered crypto, the most common advice I heard (and still see echoed a lot) was some variation of "don't chase the pump, be patient, don't sell conviction bags for narrative, etc." The narrative is always that one should remain patient while other coins are pumping, and that your chosen coin will have its turn eventually. This is wrong. It’s framed as a test of discipline, where "chasing green candles" is the ultimate sin and holding a stagnant bag is a mark of a "true" investor. This mindset treats the market like a waiting room, assuming that if you just sit still long enough, your number will eventually be called.
Looking back, I find this to be the most horrible advice. By prioritizing "discretionary conviction" over Relative Strength and momentum, you are essentially deciding that your personal judgment of a project’s value is more reliable than the market’s immediate, objective feedback on something much simpler. It asks you to ignore the momentum and trend staring you in the face in favor of your subjective story. In reality, the coins that are leading the charge are doing so for a reason. If you trade momentum/trend only you don't even have to care about that reason all that much. Instead of waiting for a laggard to wake up, a more effective approach is to identify what is actually picking up speed. Quite the opposite of "don't chase the pump".
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The biggest challenge in trading is being motivated enough to keep looking, but disciplined enough to rarely touch.
The area of maximum risk rewards the constant clickers while the area of maximum opportunity rewards the careful pickers.
On a personal level, as an old cat watching the game he loved change so drastically it even adds to the complexity of the flexibility required to win.
I won't go deep and bore you with my critiques on the current onchain environment, the draining fee structure, deployer culture and the saturated slop, but I will say that in my mind it's still clear that we are entering the general area of maximum opportunity.
And don't be fooled, there is no difference in net worth - me and your favorite CT nerds are just like anyone else, sitting in TG/Discord chats being constantly offered delightful sub 100k coins or high leverage flip opportunities.
So here I am, writing to you and to myself a reminder - the checklist Im using before deciding to buy anything these days, I call it the Triangle of Sadness:
1. The Shiny Thing. Uncharted territories yield great returns - as imagination is the best fuel of overvaluation, and men are naturally optimistic. Example: 402x meta.
2. Solving a problem dramatically better than competition. Pretty straightforward but often hardest to catch as it requires deep understanding of what is out there, its limitations and weaknesses. @Lighter_xyz is a great example.
3. "Criminal activity." A phrase many love to use in relation to anything going up without them, in reality - a situation where team/founders have the benefit of others victory on the short term for their long term plan. Best example is @Aster_DEX (0 real traders on the platform and an obvious Binance washer yet delivered a liquid 20x).
When you see one of these in the time ahead, slam it and take maximum risk.
The less you click, the clearer and easier they are to identify. You have more time to research, and you are less fatigued emotionally and spiritually from 14 year old terrorists in your orderbooks all day.
When I was younger I thought that being greedy when others are fearful is a skill, but as I grow I realized its more of a privilege, obtained by having ammo when things get boring, which is a result of being careful when others are clicking.

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