I do agree with you. Especially most of the newbies invest without having any research. The most thing attracts newbies is the pump of a coin. But hey pick in the wrong time actually and lose huge money.
For secured investment, people should, of course, invest at least 70% of total investment in top 10 coins.
That is true, we do not need to invest without knowing or understanding what type of ICO we are joining for. Their are decisions that we need to think for many than creating without thinking. Well their are scam ICOs we just gather information on how does it run so that we will be in particular area.