Value is a funny thing, what has or doesn't have value can be swayed by marketing, a powerful broadcaster, or the positioning of a coin on a website.
Agreed. Consider DOGE. Let the markets sort it out.
How truly valuable are coins that have billions owned, but only a few hundred thousand dollars traded each day. Is the coin really that valuable, or are all the "coin holders" just waiting until there are enough "believers" that they can have a nice pay day.
I have heard the same thing regarding Bitcoin, countless times, and still today hear the same basic shape of that argument from people outside the Bitcoin community.
If people do not believe the coin is that valuable, then they do not have to invest in it.
Are people threatened by Ripple?