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Magnetic Braking with a Neodymium Magnet dropped through a Copper Pipe - ?

If you know what I‘m talking about, can this actually levitate a magnet (so that instead of dropping down slowly, it levitates and stays still? Is this possible? on pedia (sometimes unreliable) it says that the neodymium magnet will drop down incredibly slowly, but it doesn‘t mention that it can levitate (even though it doesn‘t mention it can‘t), but on another website, it says that the magnet can levitate.

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