Until now the good ico is still around, but very hard to find. Looking for a good ico like we look for a diamond, it took us a long time to find it. Cryptocurrency is not just about ico, there are many other ways to get money, As you say, For now investing in bitcoin or altcoin is safer than investing in ico.
Yes, ICOs still exist, but for now there are many that are not good enough so that some people think that ICOs are gone, so for an investment choice between ICO and buying Bitcoin, I personally choose to buy Bitcoin for now rather than bothering to find a legitimate ICO project.