Seems like every rando on reddit will follow a link, but few of them will actually engage with your product. So unless your goal is actually a chart showing a lot of visitors, I've found that less traffic from better sources is a better strategy.
To be clear, engaging with people directly in groups and talking about what I do is more effective than ads. All marketing goes over better when you are a part of a community vs. projecting ads in front of people.
Anyway, a week after the launch I decided to post on Reddit our strategy on how we got 1st place on ProductHunt and to my surprise that post itself brough 1.2k site visitors and it took me only 30 minutes to write...
In other words, if you want to get 1st place on PH, just think again whether you really need it, cause you need to spend lots of time and energy to get it.