Serious question if someone is following here.

The current ICO funds are held in BTC, ETH and LTC. Now, assuming the overall market trend is bearish until the end of the ICO would mean that the NAV will be substantially lower (let's say $0.7 than the $1.05 or 1.10 that ICO participants will have to pay for each token.

Would it be unreasonable to assume that, in this case, some ICO participants who assume a prolonged bear trend might want to cut their losses post-ICO and market sell for less than the ICO prices?

What do you guys think? Sensible to hedge your bets and do 50% now and 50% once it hits exchanges?