Initial coin offerings are long dead and I can't advise you to invest or buy in any company offering sales by itself. although even the initial coin offering is not that much trusted anymore I think its way better than investing in an initial coin offering
What you are saying was not matched with the fact some icos are still able to reach its hardcap. We have come successful icos this year like casperlab, solana, elixxir and many more. I can't even get what you are saying on your last statement. What's the differences between ico and ico? Are you drunk?