Interesting point of view.
I'm on exactly opposite end - I'm going deeper with ICO's this year.
Your points are pretty valid, but this mean you just need to be more peaky where you are investing. And I'm always and only buying during the pre-ico phase, avoiding those ICO's with massive pre-sale.
Yeah same with mine also I am indeed would like to invest in an ICO as it could moves faster and higher compared to those established cypto in the market. And for one to be successful then definitely you should not work on your own. I have my friends that could also help me to get good ICO and they are also after with our suggestions like we were able to achieve through teamwork.