I mostly dont believe in ICOs, 99.9% is pure shit and money grab.
It is very time consuming to go through all the shit trying to find one good one, so when I do - I usually do a heavy investment (1+ btc),
but going through all the shitty WPs is really frustrating sometimes.
TBH; ICOs are completely dead within 6 months, actually I do believe they should be regulated cause every kid with a laptop is starting one now...
Im absolutely convinced with you that most ICOs are failed. But i think that all investments are risky and ICOs are no exception. The important is that before buy tokens, investors must spend a lot of time researching about ICOs such as: what's this project? what are advantages? what are teams experiences?....