It's sad that scammers take advantage from that. But on the other hand, what do people sometimes expect. Some thought they would become rich in a few months time with only a minimal investment and no knowledge about what a blockchain actually is.
I feel sorry for the people who bought in december 2017 but it's their own stupid fault. If people would start to use their brains all the scammers won't to do shitty ico's because nobody would be buying them.
There is a demand for shitty ico's so scammers give them some supply. As long as people don't learn their lesson history will just repeat.
(I'm going a bit off topic i know)
It still amazes me to this day how the masses are always wrong about things. I thought investors would be more rational human beings. Wtf is wrong with people? Enlighten me plz if you know the answer.
I've came to a point that i just always do the opposite of what the masses are doing. And it works great actually, you would be amazed.