Yes, this is an event that is also experienced by many bounty hunters. When our investment money is gone, of course, we are very disappointed and even frustrated. But of course everyone has different abilities, some can still enjoy the benefits of investing. So I don't think that ICO is dead.
I respect your point but in terms of price thats falls for a longer period the ICO's has a hard time to survive because most of the investors is waiting on the bull run and get some profit thst they will use on the other coins. O this scenario the ICO'S even has a Good project they cant survive because of the fund that they cant hit bacause the market price is falling.