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?
First of it all, ICO or any investment is a risk, but it is not only ICOs as of this moment that market in general is facing down and it affects all the ICOs, for instance if you buy a coin with ETH at the the rate of 0.0001 as at when ETH was 1400$ and it is now sold in exchanges at 0.00015 ETH/token the price will still be over 2X below the ICO price considering the fact that ETH price is around 520$.