All true but what matters to ICO investors is their buying price. For Ethereum for example, the ICO price was between 30 cents and 60 cents, depending on when t

All true but what matters to ICO investors is their buying price. For Ethereum for example, the ICO price was between 30 cents and 60 cents, depending on when they bought. At the bottom of the post-2017 bear market it was $82, and at this moment it's $2098. The only way Ethereum ICO investors could have lost money is if they bought over 43 cents, and sold when it dipped down to that point several months after launch.