both are quite risky. if we invest in ICO, it's not necessarily a good project because there are so many scam projects that just want to make a profit quickly. if you want to invest money in crypto I think you should be able to see a good project and also see the number of communities in it. if you want to trade, you also have to have analysis and also can see coins with good volume. different if you buy a coin that has been listed in the big market then you can hold for a long time. maybe it's less risk than trading and investing in an ICO.