The different between an ICO and a regular old "creating a new alt coin" is that the Altcoin already exists, here and now. And ICO does not exist yet. It is a

The different between an ICO and a regular old "creating a new alt coin" is that the Altcoin already exists, here and now. And ICO does not exist yet. It is a promise that you will recieve something in the future, but that you can't get now. Once file coin actually exists, in the here and now, and works, THEN it is totally OK for regular people to buy and sell it.