With the amount of scam projects this is probably true. There is always investors of ICO's though. You can make a decent profit from these things if you know what you are doing. Also, they are more of a long-term investment so some investors might not like that.
if we can take advantage of it when there are many cheap coin prices, and we only choose a few coins that have the potential in the future, and we only need to buy them, because later we can get profit from them when their prices start rising