Back in october when i invested in my first ICO, everything seemed like a dream. The coin i invested in rose over 25 times and every other coin was going up. I wanted to invest in more ICOs but i waited and saw that from that time almost all ICOs have gone down and not even given the value they were purchased for. Why are people still investing heavily in ICOs when they know that there is a higher risk of the project failing or atleast the price going down?
You yourself experienced that how your investment grew 25x over the time. But the thing is you did not taken the opportunity to sell your coins when it was hit enough. You could have gotten your investment 25x in return and thus you were already in the profits. After this your investment could be distributed to other well known coin like ETH, BTC, LTC and much more to count on and thus can grow it further systematically.
Its all about the opportunities, strategies and how keen are you while reading the market status.
ICO projects are shit everyone knows that, and only few of the become the legendary projects after years of efforts. But most of the ICO can be used to grow your money quickly and thats what people are doing. They dont stick to it for longer time and they just sell high and buy something better.