It's actually not that risky if you do lots of research. Its risky for the idiots that throw money at anything that is hyped up with lots of advertising.
correct suggestions and opinions that you convey we must do research that is deep enough if you want to get the right ico because there are many ico that end in fraud and if the exact loss of time we use in following the ico
I guess because some ICO investment are scam because there's a lot of ICO project right now is not trustworthy. So I think it better to invest in crypto than ICO because the outcome is surely give you more profit. But even its risky yo invest in ICOs there are still some of them are worth it, just make a research and choose the ICO which you know have potential, then after that invest wisely.