But just because a smaller percentage of the population believes something has value, doesn't mean it actually has value.

The same thing can be said of people who collect fine wines (or anything, in actuality) - to the small subset of the population, these wines are valuable; but to others the wines are merely tools to get plastered. It gets even more intricate when you take into the account people who see wine as disgusting and therefore has no value, or those who just see this expensive wine as overvalued and are waiting for prices to decrease.

I think there's a mix of all these types of people in the cyrptocurrency space, making it even more pertinent to establish why something has value in the first place. Me getting a group of people together and saying "Because I've held onto this position for so long, you should also join our group and hold onto this position for a while because it is inherently valuable" wouldn't cut it in any other space, so why should we apply the same logic to cryptocurrencies?

Nonetheless, I do think cryptocurrencies are valuable (bitcoin not so much, personally) - the key is getting the rest of the population on board.