Right now there are many ICOs coming out, is it really safe to participate in any of it and spend that much? In participating ICOs I have high hopes that these coins could be the next Bitcoin or other currencies that are really going up in the market.
Not with that kind of mindset. Most of these projects are very centralized, many of them have a laughable distribution model, so it makes no sense to think they will be the next Bitcoin.
However, if you find something innovative, that is not trying to repeat what Bitcoin already does, you might be very successful in your investment.