ICO is not so hot as a month ago because many ICO projects are not as expected as it was, and the price are lower then the ICO price, so I think as a newer, you should know the high risk in the ICO market.
The risk of the ICO market is a compound of the very small amount of regulation, instability of Ethereum (hacks, speculation, etc), and the anonymity of the people involved in said projects...
That's why the bandwagon is scary IMO