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RE: LeoThread 2025-01-04 00:42

in LeoFinance20 days ago

Part 6/8:

As a universe beyond the Ice River KS1 experience, a friend shared a more lucrative story involving Helium Mobile, a 5G phone plan that rewarded users with tokens for providing internet coverage through home hotspots. This friend invested around $5,000 in miners and saw returns that peaked at an impressive $100,000 during the initial run of Helium's token.

However, like many cryptocurrencies, Helium's mobile token eventually witnessed a downturn, falling over 90% in value. Despite cashing in $8,000 early on and retaining a remaining portfolio worth around $10,000, the friend acknowledged that the speculative nature of altcoins presented a significant risk.

Final Thoughts: Lessons from Bitcoin Mining