I know that the answer depends on the project, how much you believe in it, and how much you have to spend.
But I am looking for data about an average ICO investor... are people investing tiny amount in as many projects? or more sizeable amounts?
For example, lets take a $40m ICO, what do you think the average investor puts? $10? $100? $1000? 5,000? more?
Edit: many of the answers were, whether one should invest in an ICO at all. My question was intended to understand more specifically what's the average person place nowadays in an ICO, IF they participate. I am interested in data, about a typical average ICO investment, not whether anyone should or shouldn't invest in an ICO.
I personally i don't invest more than 100$ into an ICO, i know that is not much but i really wanna be safe than sorry, i think that the ICO investment scene is still not in the state to be fully trusted because of how the market is full of many scammers that not only make false projects but also make false promises on to improve or create a revolutionary way to pay for thing that gets over hyped and soon people lose interest in it and goes down.