You bring up an interesting thought on the ICO's. I often read Doug Casey who talks about speculation and he is the ultimate speculator. He doesn't talk about crypto's too much, but he is starting to more and more. He has found a few guys who are more knowledgeable so he can focus on real estate and gold miners.

He is in the camp about putting a small portion of your income into speculative stocks that have huge potential. He likes to find 10 small junior mining stocks and puts a percentage into them. Even after doing the due diligence he knows 3-4 will fail for one reason or another, another 3-4 will probably break even and maybe have small profits, and then 1-2 have the potential to go 10,20,50, or 100x.

With this thought in mind it is certainly a form a gambling, which some individuals can stomach, but most cannot.

I think these ICO's are the same way. Even though the technology may be strong, the coin may be solving a problem, and the developers may be solid there are so many other factors that going into whether the coin will be profitable. Since you have been in the cryptoverse for so long I am sure you already know that, but I feel that you're better off going with Steemit and investing in this platform than the ICO's. Gambling is fun and addicted, but at the end of the day, the house usually wins.

With all of these ICO's it seems like we are in a bubble, but it may be early in the cycle. It seems like every day there is another ICO.