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?
It is a smart step to buy the coin when it hit the exchange, but it will not get into the exchange or much less the project will become reality if investors will not support the project in their ICO stage, investors support is important in the ICO stage not in the exchange.
both have advantages. however, for those who are late in buying the ICO, they will wait for the exchanger, and wait for the dump. well, personally, I might prefer to wait when the coin is entered on an agent, but sometimes taking ICO has advantages that can be obtained.