Short answer: Yes.

Long answer: There are about 100-200 ICOs every month and less than 20% of that is legit and less than 50% of that 20% is even gonna work. Everybody needs to read it all about and not follow the hype. 1-2 ICO participations every month is a good call. Spreading it on different months and different projects which you've read thoroughly. And stop screaming moon about it.