Recently I paid $0.08 for J8T token during crowd sale but when it hit the exchange it was $0.03 and has further dropped.
These ICOs are taking us all for a ride, squeezing out every pint of blood they can from us.
Presently I'd say Exchange; the only thing I'd do during ICO is to participate in the bounty.
Yes I also think that it is better to wait until a token is listed nowadays snd wait for the drop to get in. You might have to wait s bit until you can get out again and make a profit. On the other hand if you buy during ICO your money could be blocked also for months until the token hits the first exchange.