I prefer to invest in bitcoin because bitcoin is more promising and profitable. Because many ico are scam and many investors get loss invest in ico. So it is more safe invest in bitcoin. Moreover, the price of bitcoin is now down, so it's good to invest now.
I agree that ICO investing is more risky than investing in BTC, but I think the gains are not as much in BTC either... Once Menlo One will launch, I will definitely get back to ICO investing.