Some bounty hunters who are also investors take time to research into projects and come out with good projects with much capabilities of becoming successful. These type of Bounty hunters cease the opportunity to buy more of that coin at low prices below ICO prices after the ICO and listing on exchange. Most coins get started on the with lower than ICO prices.
Yes, it is good because too many cryptos have been dropped lower than the ICO price but it will recover sooner or later but some didn't because it was dumped too hard at the bottom. Just be cautious on choosing altcoins to buy