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.
No, it's not safe. There are many scams or simply unsuccessful projects on the market. If you do not conduct your own research and choose a good reliable project, then the likelihood that you will lose your money is very high.