Hmm. Assuming you have some small hydrazine or whatever booster you could maintain a low orbit for a while. But yes not endlessly. That bring said there is a middle ground between 400km and 34000km that might provide for a good orbit and acceptable ping. That all depends on the application of course.
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I'd doing something that makes you happy is a kind of profiting then he is right. But he is probably not that wholesome.