I see and observe recently that many ICOs are below the ICO price when they touch the exchange. Do you think it's a smart step to wait for an exchange and buy the tokens you want?
There are instances that buying in ICO prices is the best and when it gets listed, the prices goes 5x - 20x but it is very rare. But today with the recent ICOs, it does not happen anymore and they go far below their prices after listing so it's smarter to buy after on exchanges.
indeed there are some ico that when they enter the exchange the price can be more expensive as you mentioned but it is not all and on average most ICOs are 75% the price is destroyed when they enter the market, and worse this happens when the price of bitcoin falls like this time.