That's right. We can't blame ICOs for fall in Bitcoin price. it is a downtrend/bearish market plus there are some manipulations caused by whales which is why price is falling but it will recover without any doubt. On other hand, people should do some research before jumping into the ICOs to avoid being scammed.
Bitcoin has its own market and even the ICO market is depending to it. For these ICO fanatics, they should be firm with their investment techniques and don't be so gullible with the so great returns that are guaranteeing by these scams.
I truly hate ICOs. There definitely is an ICO bubble and I think it's in the process of collapsing. ICO's have made the crypto market seem like a joke honestly. You have these garbage coins, poorly written whitepapers, and badly photoshopped images of "team members". Then the SEC themselves poke fun at ICOs by creating their fake ICO. A lot of my friends that are anti-crypto use ICOs as one of their points. Gah, so annoying...
I am ready for ICOs to disappear into the wind like pets.com.
Many are saying that they hate ICOs but not all of them are joke, few of them are legit but if time will come that most of the scams will be exterminated and there will be a cleansing that's much better.