The ICO model is great but the hype has meant that people are investing without doing research. There's alot of investment happening on FOMO or following well known people who are paid to shill. Its difficult if you don't understand technology, business models or a market vertical to assess the long term value of a proposition. There are so many ICOs happening where the market and tech haven't been tested. There are also amazing ICOs. So I think the concept will continue but it will be harder for the less compelling ICOs to get a share of the bear market $.