Seeing how many projects that conduct ICO are listed in Exchange at lower prices than it was stated during the ICO, investors continue to invest in projects.
Why are they still doing this?
I'm not talking about scammers...
Sorry for my English.
The best opportunity to invest on a cryptocurrency is when it is just starting that is why people are still investing on ICOs because it is cheap and has the potential to grow more depending on the project, but the thing is not all ICOs have that potential that is why when the project's token becomes available in an exchange the price becomes cheaper because investors are dumping it because they really don't believe on it, they just want an easy money and it becomes a routine that investors will immediately sell their tokens because it is expected that most investors will do the same, and they are afraid that the price will drop and their investments will be stuck.
Not all project you can be considered as a good project there are some are very risky to put an investment.
As what I have observed this year mostly ICO's projects are getting weird, not profitable and some are a scam I don't know why they are not filtered since getting a list to the ICO. Before last year even airdrops are profitable from the project but now mostly are running after ICO selling was ended. Choosing the good one is the best thing to do as of now.