Irrespective of problems encountered by crypto enthusiasts like fake icos, scammers and delay. I think ICO plays an important rule in execution of sound projects. So Without ICO, most coins find it difficult to raise funds to execute their project. Without ICO, coins or projects will find it difficult to advertise their project, without ICO, projects will find it difficult to reach the right audience, Etc.therefore I believe in ICO because it enable me to research, analyst and evaluate the potentials of that project. Do you also believe in ICO?
ICO is a process on which the coins is at the state where investors could buy it, I mean it is a lot of cheaper and you could make bigger profits when you are going to invest in an ICO than buying in the market, it depends if that certain ICO will pay you then that would be a sure profit. Without an ICO, yes it would be hard to sell the coins peer to peer, that would be a time consuming and too hassle for the team to do, it will cost a lot more money for them.
The only negative thing about ICO these days are they are turning scams at the end, which is pretty sad if you spent months on them yet at the end you will realized you are hoping for nothing at all.