There a time when ICO to be amazing investment and gain huge profit amounts. sometime it just a scam. but actually it depends on how good the project development by the team and investor who attract to invest on it. if you have do analyze everything on that ICO and sure it needs to be invested, then just go on. but when the ICO become scam, you only lost your money without any return.
Valid points and I agree with you here. An ICO completely depends on the developers and the investors who placed their faith and trust in the ICO. Majority of the ICOs these days are plain scams which is quite obvious while only a few of them are legit. Research plays a key role in differentiating between a legit ICO from a scammy one. Luck is also a crucial factor here and everyone needs to understand the risk associated with this volatile crypto world before investing here.