ico's are too blame 70% are scams 29% are failures and perhaps not intentional scams. Hard to pick a good one which has actually produced something of value really. I mean from 100 you may get 1 or 2.
what do you expect with this trash valued at 100's Millions or billions.
all that collected value will be extracted by the ico runners before they dump out to fiat
stick to real projects that have produced something of value and you will end up okay
How could you say that ICO's should be blamed , even if most of them are scam or stupid projects , there is no correlation between them and bitcoin , don't forget that we talk here about bitcoin not altcoins so if you referring for the global market sure this is one of the problems of the price crash for altcoins but not for bitcoin , and for that altcoins problem , the investors are those ones to blame not the devs because they are so stupid and ignorant to put their money in such kind of garbage .