Who would be so crazy to sell at such a loss, only panic sellers and the people that invested last money they have, and thats obviously not the way to go in the crypto world
There are a lot of people who panic. Even some experienced traders come out of positions that they think could fall even lower. But it's good that there is this forum where people can share their experiences, and in the future we will take into account all the tips.
As we can see, most ICO will be cheaper than ICO price, one of the important reason is there are a lot of bounty hunters, they did not invest in money and they can get tokens freely, selling and tracking another ICO projects is very normal.