Right now there are many ICOs coming out, is it really safe to participate in any of it and spend that much? In participating ICOs I have high hopes that these coins could be the next Bitcoin or other currencies that are really going up in the market.
It is a risky market. Participate at your own risk because not all of this ICO are real projects. Some of them are just scams to make quick money. There are good projects in ICO but you have to choose wisely.