I noticed that most of the coins/tokens that was launch now are almost behind their ICO value by almost 25-50%, Basically if you purchased in the ICO someone could even double their holdings with the same amount that you used during your ICO purchased. So for me it will be wise to purchase in the exchanger but the risk is few of them wants to delayed their market launch due to market situation.
I also noticed that if the bounties are released in the same date with the investors the possible scenario is the coin/token will going to dump once it hits the exchanger, so better sell and rebuy once it dips because no matter what they say the bounties are free money and someone which is not a hodler will going to sell her/his holding once the coin/token hits the market ( always check the realease date of the bounties). I'm not an expert but tried to share my insights according to my experience, I'm an small ICO investors and the same time bounty hunter. Thanks and Godbless!!!