Read the following news and I tend to agree. ICOs are getting out of hand because it makes the rich richer. The big whales are probably dumping they new-found riches into every ICO they can find to generate more profits which are dumped into more ICOs. Basically creating money out of thin air and then rinse and repeat.
Now, I'm beginning to think China has made the right move by banning ICOs until proper regulation can be set up. Although recent ICOs are more controlled with capped opportunities, there are definitely ways for whales to get in.
I sincerely hope ICOs will be properly regulated soon. If not, it will be like the 90s where any IPOs you buy will make you money. If not regulated, it is possible that the bubble will burst mainly due the bubble created by ICOs.
If that ever happens, expect TheRealist, kimigenesis and icemanfx to rush in here to gloat over their prediction. Ok, before they can do that, I also want to predict.

If ICOs are not regulated soon, it will be the one that breaks the camels back. The bubble will burst because of these unregulated ICOs. There, I made my prediction.
Y Combinator President Calls ICOs A 'Bubble' – But His Firm Might Use Blockchain :
https://www.coindesk.com/y-combinator-sam-a...an-icos-bubble/QUOTE
Y Combinator, the Silicon Valley-based startup accelerator, is looking at blockchain as a possible way to boost access for investors.
Sam Altman, who serves as president of the accelerator, highlighted the plan during this week's TechCrunch Disrupt event in San Francisco. While the strategy appears to be in the early stages, the initiative nonetheless reveals how the tech is influencing the notable accelerator, which has previously played home to startups like Coinbase.
"We are interested in how companies like Y Combinator can use the blockchain to democratize access to investing," Altman said during the event, adding
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"We should try to figure that out."
As for the state of progress on that front, TechCrunch reports that Y Combinator is currently working through the legal and logistical challenges for integrating blockchain. Whether it turns into an option to contribute cryptocurrencies or something involving initial coin offerings (ICOs) remains to be seen.
Altman returned to the topic of "democratizing" the investment process, positioning it from the perspective of unequal access to new wealth creation. The Y Combinator president said he was disturbed by wealth inequality in Silicon Valley – and suggested that there are technology options that exist today that could offer a solution.
"If there’s a way that new technology can make it practical and possible to democratize this, I think that’d be great," he said.
During the event, Altman spoke more broadly about the ICO funding model, stating his belief that the overall market is "definitely a bubble right now" – yet went on to say that "there is something underlying them, which is why smart people are fascinated." He went on to advocate for closer oversight of the space.
"ICOs need to be regulated," he said.
This post has been edited by kmarc: Sep 22 2017, 08:26 AM