So what makes you think it should be less than $400? People like you years ago made fun of bitcoin and said the same crap. People said bitcoin would never hit $100.
These type of arguments are useless, going back and forth with obsolete opinions is just no fun.
Take a look at the price of bitcoin maintained throughout this year. This is a clear sign of what it has "stabilized" at.
Also, take into consideration the percentage of increase from when it was $20 or $50.
Bitcoin will be valued at what we want. Unfortunately the large farms and Chinese seem to have more control. The hundreds of thousands of people cashing out for fiat daily also doesn't help.
Also, I don't think religion applies to bitcoin, you can "Oh, God..." all you want at your local church