I totally agree with his point of view. I usually use my dilligent investigation prior to hop in any ICOs. What I do is this... I search for the project`s goal and try to understand if it solves any daily problems we might have. Secondly, I search for the team behind the token ICO (Are they experienced? Did they have any problems on other ICOs before? Can you contact them directly?

Then I test their support... Do they answer accurately and fast enough for any problems that might come up?

Then I look at the project`s roadmap... Is is sustainable? Does it have any logical steps? What are the deadlines? Are they realistic, or quite hard to achieve?

Then I look at rewards and stability of the project...

And finally I invest not much money on it (only the money I`m willing to eventually lose, in case (after all the research) the project turns into a big scam.

I believe this way we can profit a lot from the upcoming ICOs, if we know excatcly where we are going into, and, specially, when to hop in, and when to leave the ship.