I dont think its the matter of believing in icos. The market is oversatirated right now and there aee way too many projects with empty promises. I think after some regulation and cooling off, there will be some good projects
Totally agree with you, there are too many projects out there and most of them are way far from delivering the products they have promised. I've participated in some ICOs and the prices of some of these ICOs went down after they got listed on the exchanges.