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I can sell my BitCoins immediately for about $250 (what I originally put in). How can you sit and say it has "no value"?

Some people believe that price and value are the same thing. Others, not so much. It's not inconceivable that Ted here holds the latter opinion.

I don't really understand the difference I guess. Does Ted like to do something else with his dollar bills that I don't want to or can't imagine?

Theoretically you can sell them, but what if nobody's buying?

Theoretically you can work to make money, but what if nobody's hiring?

Seriously, was that your best argument?

Supply and demand. Right now there is a demand for BTC which means people can supply them for a cost.