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Bloomberg Wealth: Lessons From the Tech Stock and Bitcoin Slump

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It feels like the YOLO movement has been on life support lately. 

That short-hand term for “you only live once” was the animating ethos behind speculative bets on stocks such as GameStop and AMC as well as cryptocurrencies ranging from Bitcoin to Dogecoin and many unexpected tokens in between. And for a long time, the social-media fueled strategy seemed to be paying off for retail traders.