What do you call a bad ico ?
An ICO where the price was higher than the market price today ?
Or a bad-shady, unclear ICO, where whales took most of the cake etc... ?
People have different standards for that, to me a bad ICO is a project that it is a scam or that it has no chances of being made a reality, to me a Token that losses value after the ICO is not necessarily a bad ICO because if the developers deliver what they promised then you will make good profits.
Totally agree. If your tokens go down in the short term, it is not a scam. If you want to compare the crypto market to the stock market, look at something like Amazon. It took them something like 10 years before they experienced insane growth in price. Crypto definitely moves faster, but not seeing huge returns in 3-4 months should not be cause for concern.