I swear there is this exact same post everyday. But in my opinion it is very hard for me to agree that most ICO's are scams like everyone says and this is why..
The term scam is used to loosely, the definition of a "scam" is dishonest or fraud. Now are there ICO's that are scams.. yes there is but are a majority of them.. I say no.
What is really happening is most people don't really read up on what they are investing in. People just see a nice looking website and white paper and think this is going to make me money and put there money into it. That is why so many people feel like they have been scammed but in reality they didn't read what the project was all about or got in there head this big return on there investment and when they don't get it just yell scam.
Then there is the actual project (ICO) these are basicly startup companies and usually 1/5 startups actually succeed this can actually be less at times, now that is stats for ordinary businesses but this still applies for ICO projects because they are startup businesses. Now let's say when someone invests in a startup (not in a ICO) and the company fails and goes no where the investors don't go running around saying "scam".. why you ask? Because they knew what they are investing in, a risky investment of a startup business but can yield large returns.
The difference is, is that these people are usually profession investors so know all the risks and facts and no they can loose big. Now you are getting people that don't know a single thing about investments or risk factors and poor there money into these startups and feel hard done by when they loose.
At the same time as well some of these projects are trying to do something so big and complicated that they find out they couldn't pull it off or the idea fails. This happens in the real world of business to some ideas are great but lack the amount of attention or use and go under due to that.
I'm not trying to defend any scams or bad ICO's I'm more trying to explain what is going on here and maybe help some people by actually making them aware of what they are getting into.
My advice is read everything about the project, do your research, research the team, the idea, everything about it , make sure you understand it and think hard about whether the idea will actually be used by people in the real word and actually grow and the most import part of all investments:
ONLY invest what you are prepared to loose.
Disclaimer: in no way am I giving you investment advice or professional help. This is just my opinion.