I think ico is no longer profitable. it's better to focus on trading because it's more reliable. I have long since stopped being an IO investor because almost all of the projects that I followed did not make a profit.
I think not all ICOs are detrimental, there are some ICOs that still give us an advantage, it's just that it's covered and we don't find it because there are so many ICOs popping up. you can see the reality.