All alts are down cause their value is tied to Bitcoin, which is having it's own issues. This is where PND pandacoin is working to move away from needing Bitcoin, yes, we are trying to create value in a network like BTC has, and eliminate the need for being tied to bitcoin at some point. Merchants services and developement of coins is what is going to happen.
The value of bitcoin is not in that it's better coin, it is cause it has a network of people willing to trade it for goods/services.
Yes, as long as there is a community to make use of it, it has value.
If everyone decided to stop using USD or Yuan, what happens to the value of those currencies?
If everyone stops supporting any organization, government, corporation, what happens to those entities?
Value must be created.
We people are creators.